Transcript:
Easan Arulanantham:
What other services? Does retirement Capital Strategy offer outside of like, just investment advice?
Tom Vaughan:
Yeah. Well, I think that’s one of the key things here. You know, in the investment advice arena, I try my hardest to, you know, exceed what somebody could do. Just going to Vanguard and buying these big indexes, I use these big indexes, but I use some pieces outside of those to try to enhance returns, and try to actually pay for our fee. But ultimately, one of the things that we do is just trying to help kind of like a financial partner, for each one of our clients, to be able to be a resource. I mean, we do this we do what you can tell, if you watch this channel, and you look at this channel, we’re huge on education. And we really believe that’s a piece of what we do. And so we have these strategy sessions as needed, you know, with the clients. And we go through and take a look at their MonteCarlo simulation, what’s changed in their plan. Not everybody does this, but most of our clients do. And so that really helps. Because it’s like an early warning system to be able to tell you, Hey, here’s, you know, something that’s coming. Of course, we are a custom shop, a boutique, you know, investment shop, with a really tight clientele.
And so we take care of everything that we can, all of the issues that happen with accounts, somebody passes away the beneficiaries, the name changes, the new trust that comes out the, you know, all of the trading, I mean, we take care of everything that we can possibly take care of the try to make, you know, the client’s life easier. Those people that might want to do it themselves, you know, they, they’re, they’re having to do a lot of that on their own. We take care of that for them, as far as that goes. So, you know, we’ve been working on, you know, life insurance plans for people where it’s appropriate, you know, young families, trying to, you know, really work towards helping people make sure they have the right amount of life insurance. So we look at Estate Planning needs for those bigger estates. And we do estate plans for that to try to figure out what we can do to reduce estate taxes. You know, so I’m sure there’s some others. I’m missing Easan. And what else do we have on the list there?
Easan Arulanantham:
Well, we have Roth conversion and tax planning, those kind of go hand in hand. Yeah. So just being able to find a way that over time, we can lower your taxes. Because a lot of times when you do prepare taxes, you’re thinking for this year, what can I do to lower my taxes? Right, but there’s no long term strategy. Right? You have, right?
Tom Vaughan:
Yeah. And you can make bigger impacts, in my opinion, by looking at the rest of your life tax strategies, because you know, that every year it works. And you’re right, the Roth is a big one that I missed. Because I really consider us specialists in Roth conversions, we have some really powerful tools that we can use to determine, you know, what’s the best tax bracket to fill? How do they work? What would happen to your net worth? If you did it, or you didn’t do it? I think we have some great things that we can, you know, show strategy wise, we spend a lot of time helping people with their Roth conversions. Every single year, we’re working on that. So that I think that’s a huge one. And maybe one of the biggest payoffs to what you know, to working with us, I would think that’s one of the big pieces for for those people that need it.
Yeah, so I, you know, but I get questions about almost anything, you know, Hey, should I lease this or buy this, you know, car, should I, you know, can I buy this car, or this, you know, RV or this, you know, travel trailer or whatever it might be? And I can go in, you know, to their plan, put that expense in, run the Monte Carlo simulation and tell him the difference and say, give my opinion. Yeah, that works or whoo, boy, that really kicks back your probability of success that would be possibly a dangerous move. I think it’s really helpful personally, just to know that you can and and what you should do, you know, hey, I want to buy a rental property. Okay, let’s model that see what happens and what are the parameters and how does that work? or what have you so and you know, what type of danger you’re putting yourself in? Or is it just a really good thing, that type of thing, whatever that question is, so, you know, constantly getting questions through email that we answer it just nice. It’s a resource and just to be able to ask Tom basically, right. And so that that we I think that’s a big piece of what we do there too, and just kind of bring some people some peace of mind.