508-277-5847 [email protected]

RETIREMENT PLANNING ADVISOR TIM HAYES AIF®, CRPS®, AWMA®, CFS®, APMA®

BEGIN THE DISCUSSION ON HOW YOU CAN PROTECT AND GROW YOUR ASSETS

Saving for Retirement, Transitioning Towards Retirement, Retirement Income

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How to Retire Comfortably and Meet Your Goals

You have retirement accounts in a few different places. So does your spouse. Now that you are retired or thinking of retiring, you are closer to using the money, but you haven’t changed the allocation or risk level of any of these accounts.

Moreover, you haven’t met with a financial advisor to discuss your retirement goals and accounts.

Retirement Planning
Retirement Planning

Along with great careers, you’ve built up substantial 401k balances. It took a while, but you got the hang of investing in equities: never comfortable with the ups and downs but always focusing on long-term growth.

But now you need income, not growth. Over the years, you owned some bonds with mixed success. But unlike your foray into equity investing this time, you cannot afford on-the-job training. You need the income now. Plus, you have less time to recover from any mistakes.

The Challenge

  • Understanding interest rates, bonds, annuities, and dividend stock investing along with other transition products can be challenging, if not confusing.
  • As with most things in life, the first step is often difficult, but securing sound financial advice shouldn’t be left until it’s too late.
  • Finding a licensed and knowledgeable retirement planning resource—it’s the best financial advice you’ll ever receive.

Social Security When Should You Start Taking It?

Retirement Advisor
Saving for Retirement

Contributing to Your Plan

If you can’t save the maximum try saving a percentage of your salary, for example, 5%, that way as your pay goes up the rate saved stays the same, but the dollar amount goes up.

A rule-of-thumb is to subtract your age from 100 and use the result to invest in stocks. So if you are 40 years old subtracting your age from 100 equals 60. So 60 would be the percentage of your retirement account invested in riskier investments such as stocks and high-yield bonds.

A financial advisor can help you take an online risk tolerance questionnaire. The two I know of are Riskalyze and FinaMetrica.

 

Tim Is a Financial Advisor

  • with a keen understanding of interest rates and the bond market:
  • knowledge that is imperative when one talks about retirement income;
  • access to the products necessary to help you transition from growth to income;
  • will research your retirement accounts and let you know if leaving it with your 401k or 403b is a good option, or roll it over
  • will work to keep your costs low – because in a low yield world, the less you pay to someone else, the more you keep for yourself
Financial Advisor Tim Hayes
Rollover Checklist

Rollover Checklist

  1. Review the fees in your 401k plan or 403b
  2. Review the fund lineup in your 401k or 403b
  3. Check if there are enough choices to offer retirement income security
  4. Calculate your retirement risk tolerance score
  5. Compare your score with your current 401k or 403b allocation
  6. Recommend if you should leave your 401k or 403b in your plan or roll it over it to an IRA
  7. Design your retirement portfolio in either your 401k, 403b, or rollover IRA using your retirement risk tolerance and income goals

Consider me for your financial advisor when switching from growing your retirement accounts to distributing them.

This transition usually means moving some money from stocks to bonds, and I am well-schooled in the economy, inflation, markets, interest rates, and the bond market.

Before coming to Cambridge in 2010, I spent 20 years with MetLife, so I am also well versed in guaranteed retirement products such as variable and fixed annuities.

Do you need to rollover your accounts for me to provide advice?

No. You don’t need to roll over your accounts to advise. I offer flexible payment options for clients. You can pay an hourly fee if it costs you more to roll it over.

My advice is ongoing as we continue meeting and adjusting your accounts in retirement, getting you the income and security you need.

Financial Advisor Tim Hayes

You Would Like to Hire an Advisor Who Can Assist
You With the Following:

Retirement Financial Needs

Review your assessment of your needs.

Independence

I am an advisor who is not selling any proprietary products or has any sales quotas.

Portfolio

Recommend investments, based on an explicit balance of growth vs. security.

Because I am independent

You benefit from advice and products tailored to your unique financial needs.

Taxes

Design a strategy for minimizing your tax burden.

Cost

Hourly cost or fee-only, with an estimate of a not-to-exceed price for the initial consultation, and annual follow-ups

403b TSA Planning for Teachers and Administrators in Greater Boston

For 25+ plus years, I’ve set up 403(b) plans for Massachusetts public school teachers and administrators and provided them with ongoing advice on how to invest their 403(b).

Because I am an independent financial advisor and I provide flexible payment options (fee-only, hourly rate, or commission) I can work with most of the companies in your school system’s 403b plan. (Partial list of companies work with: Fidelity, American Funds, Putnam, MFS, Aspire, Security Benefit, Axa, Oppenheimer)

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Financial Advisor Tim Hayes AIF®, CRPS®, AWMA®, CFS™, APMA®, CAS®

Retirement Advice

I would like to discuss

 

Case Studies

As always, partners grows with you!

 

You have retirement accounts in a few different places, so does your spouse. Now that you are retired or thinking of retiring, you are closer to using the money, but you haven’t changed the allocation or risk level of any of those accounts.

Moreover, you haven’t met with a financial advisor to discuss your retirement goals or accounts.

Along with great careers, you’ve built up substantial 401k balances. It took a while, but you got the hang of investing in equities: never comfortable with the ups and downs but always focusing on long-term growth.

And now you need income, not growth. Over the years, you owned some bonds with mixed success. But unlike your foray into equity investing this time, you cannot afford on-the-job training. You need the income now. Plus, you have less time to recover from any mistakes.

TIM IS A FINANCIAL ADVISOR WHO CAN HELP YOU WITH THE FOLLOWING:

Experince and knowledge you can trust
  • Measure how well your investments match up with your risk tolerance and goals and income needs.
  • Taxes design a strategy for minimizing your tax burden.
  • Portfolio recommend investments based on explicit balance of growth vs. security
  • Figure out whether you should keep your 401(k) or 403(b) with your previous employer or roll it into an IRA, where I will build you a new portfolio.
  • Build that portfolio using your risk tolerance with the goal of creating enough retirement income but not outliving your money.
  • Look over any pension options for which you may be eligible, review any Social Security and Medicare questions you may have.
  • Examine any group life policies you may want to convert to an individual policy.

If you’re concerned about your financial future, let’s talk