Financial Planning based in Bradenton, serving clients everywhere
wealth management services
Sherrill Wealth
specializes in retirement
Retirement is a big decision. Most likely one of the biggest decisions you will make during your lifetime. There are many things to consider before you retire. And once you have retired there are many varying circumstances that you will encounter. We will be with you every step of the way.
Putting together the pieces that go into a retirement income plan takes skill and training that the average financial planner doesn’t have. What you need is a specialist, not a general practitioner. We’re specialists.
Comprehensive Retirement Financial Planning
There are many things to consider before you retire. And once you have retired, there are many varying circumstances that you will encounter.
At Sherrill Wealth we take the time to look at your entire picture to ensure we create a financial plan that addresses all your needs. We then meet with you regularly to see what might have changed in your life. As we age circumstances change and as such your retirement plan should adjust accordingly - a retirement plan is a living and breathing document.
Our retirement Financial planning process includes:
• Improving and tracking the success rate of your plan
• Turning your retirement savings into a reliable paycheck
• Developing an investment strategy to reduce risk and improve returns
• Ongoing tax planning to reduce your tax bill
• Aligning all the moving parts of your financial life to create a successful retirement
If you are looking for a trusted partner to help with your retirement financial planning needs, give us a call or schedule a complimentary phone call below. We would love to chat with you and see how we can help.
Investment management
Investing can at times seem overwhelming and daunting. If you examine your own life, you'll find that it is often the simple strategies that have proven to be the most successful. Investing is no different. However, it is easy to have your attention drawn to the wrong issues. So many outlets for financial advice with so many differing opinions from so called experts- the noise can derail your journey.
Our investment portfolios are carefully designed to help reduce risk, improve return, and create a reliable income stream.
We Believe in the following three principles:
Planning drives asset allocation
Portfolio management is the funding mechanism for a plan. A portfolio not aligned to your personal plan is subject to external opinions and biases that don't address your needs and goals. A tailored plan provides a roadmap and a touchstone from which to address uncertainties that lie ahead.
Proper diversification & rebalancing can reduce risk & enhance returns
We design portfolios with the goal of capturing capital market returns based on decades of empirical data and research by Nobel Prize-winning economists. We don’t chase fads, engage in market timing or other behaviors that can derail our ability to meet our long-term targets and goals.
Don’t
overcomplicate
things
There is no need for unnecessary complexity in retirement. The more complicated a strategy is to understand, the more difficult it will be to maintain the position when times get difficult. We believe that a proactive, disciplined investment process is imperative to ensuring that you capture market returns over the course of your lifetime.
Our investment management strategies are evidence based, with a goal to be low cost, tax efficient, and liquid.
Asset allocation programs and diversification do not assure a profit or protect against loss in declining markets. No program can guarantee that any objective or goal will be achieved.
Retirement Income
We help turn your nest egg into a reliable income stream.
A good Income plan should be indifferent to the current market environment and provide you with consistent cash flow and the confidence to maintain your investment discipline throughout periods of economic stress.
Our approach:
Keep your taxes low
Reduce costs
Maximize your investment return
Lower portfolio risk
Preserve your savings
We also take into consideration the following income sources:
Social Security
Pensions
Rental Income
Required Minimum Distributions
and Trust Income
Tax
Planning
How will your retirement income impact your taxes? Taxes are likely to be your biggest expense in retirement. A good tax plan in retirement must consider all sources of income beyond year-to-year planning and address the lifetime taxable liabilities.
The goal is to reduce lifetime taxes by addressing current inefficiencies and restructuring assets and income to minimize peaks and valleys to create more consistency.
Our goal is to help keep taxes low today and throughout retirement. Our approach takes into consideration the following:
Annual Roth Conversions
Coordination & Timing of Income Streams (e.g. Pension, Social Security, Required Minimum Distributions, etc.)
Asset Location
Charitable Giving Strategies
By analyzing your entire financial picture including your annual tax return, we are able to choose strategies that reduce frictional costs and optimize your income stream. We do not prepare taxes and will collaborate with your tax preparer to ensure compliance and oversight.
Sherrill Wealth Management does not offer legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
Insurance Optimization
How do I protect our retirement and legacy from catastrophic events?
Our approach is to measure the impact of significant events and provide you with reasonable options as to how to mitigate such risks.
Our approach takes into consideration the following types of insurance:
Life Insurance
Long Term Care Insurance
Auto & Home Insurance
Disability Insurance
Umbrella Insurance
Health Insurance
Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network®.
Estate and Legacy Planning
How do I protect my spouse and loved ones from my incapacity or passing?
Our approach is to run “fire drills” to help you ensure you have a plan in place for whomever is going to take on health and financial decisions for you in an emergency.
Our approach:
We conduct regular in-depth reviews for our clients on the following:
Trusted Contacts
Titling
Powers of Attorney
Successor Trustees
Beneficiary Designations
Charitable Planning
Sherrill Wealth Management does not offer legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
The Process
It begins with a conversation
If you’re retired (or close to it), our complimentary process will provide you with answers to three critical questions:
Are you on track to reach your retirement goals?
How can your tax bill be reduced?
How can your investments be improved?
Schedule Phone Call
A 15-minute conversation will give us both a chance to make sure our experience matches your needs.
If by chance we aren't the right financial planning firm to help you, we will happily point you to an appropriate firm that's better suited to your needs.
Discovery Meeting
Like a doctor, it's important to diagnose before we prescribe.
During this meeting we will get perfectly clear on your goals, concerns, and unique financial situation.
Our Assesment
In this meeting we will review our assessment with you. In Plain English we will answer the three critical questions for you:
Are you on track to reach your retirement goals?
How can your tax bill be reduced?
How can your investments be improved?
Sleep on it
We are in no rush for you to make a decision. Prior to deciding whether we should work together, you will want to Sleep on It.
Questions/ Paperwork
During this meeting we will answer any questions you may still have and if you are ready, we will start the paperwork to become a client. That’s It!
There is never a hard sell or any pressure to say “yes.”
If you are looking for a trusted partner to help put together a customized financial plan for retirement and to help navigate important financial decisions throughout retirement, give us a call directly or schedule a complimentary phone call below.
client review
what they have to say
"Gardner's expertise and industry experience puts me at ease, but more than anything, it is my confidence in Gardner's ability to craft a personalized plan that takes into account my family's long term goals. Gardner's approach is handcrafted for our family - this means he takes an extraordinarily generous amount of time with clients. He listens deeply and asks thoughtful questions to devise a curated strategy that takes into account my family's circumstances, my comfort with risk, etc. I appreciate Gardner's patience, good humor, and common sense - he translates complicated concepts into very accessible terms and encourages questions and dialogue. There is a reason he can be selective about taking on new clients - it's because he is the best."
- April E.
The statement was provided 07/2022 by April E. who was a client. This statement may not be representative of the experience of others and is not a guarantee of future performance or success. For additional reviews, search us wherever local businesses are reviewed.
Social Security timing
As retirement income specialists, we will help you determine the best time to collect Social Security.
Social Security software in isolation may prove inaccurate as it won't take into consideration how your Social Security benefits will interact with other income sources such as:
Rental income
Pensions
Required Minimum Distributions (RMDs)
Dividends and interest
Capital gains
We also factor in family health conditions, spousal benefits, personal preferences, and more.
By analyzing your entire financial picture, we are able to choose a Social Security timing strategy that reduces your tax bill in retirement and optimizes your income stream.