Getting Started with Nicholas Wealth Management
We’re here to build a custom plan for you, to aim to help you make the most of your hard-earned investment and retirement savings. Before we start working together, we follow a predictable onboarding process, so that we know exactly what you need, when you need it.
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01DiscoveryComplete discovery process addressing your goals and concerns. We get to know you and you get to know us. During this time we will review your current income plan, investment plan, tax plan, health care plan and legacy plan.
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02Mutual CommitmentWe will run a diagnostic of your current portfolio, including risk analysis, cost analysis, income analysis, social security analysis, and annuity analyzer. We then begin the simple process of opening up your Nicholas Wealth investment and retirement accounts.
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03ImplementationThe details of constructing your retirement income plan are presented. This includes your updated income plan, investment plan, advanced planning for tax, health care, and legacy plans.
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04Financial Plan DeliveryDuring the onboarding process we will reiterate the plan structure, the expectations, review accounts, review initial statements and website, establish regular review processes, and implement advanced planning.
Building wealth becomes truly rewarding when you can share it with your loved ones. To ensure a seamless transfer, we collaborate with estate planning attorneys, guiding you to optimize tax benefits and establish effective distribution strategies for your beneficiaries.
It’s important to strike a balance between having the coverage you need and keeping the wealth you’ve built. From Medicare guidance to planning for emergency services, we aim to help you feel confident in your plan for health care costs.
Tax strategies are a key part of protecting your wealth during retirement. With 75,000 pages of IRS tax code, it's easy to miss tax savings opportunities. We use the best strategies at our disposal to mitigate your tax liability and help you keep more of what you’ve built.
Strategic investing isn’t just how you build wealth over time, it’s also a critical piece of your overall strategy once you enter retirement. We help you strike a balance between risk and growth, based on your needs and preferences.
The Nicholas Wealth RetireReady™ plan offers a comprehensive retirement plan, seamlessly blending income, investment, tax, and healthcare strategies. This unified approach aims to provide financial security so that you can feel confident as you step into retirement.
Having a well thought out income plan is one of the most important parts of any retirement plan. We carefully coordinate all available income sources and asset allocations to make a plan that works for your specific situation.
Our financial advisors help you craft an income strategy that can improve financial stability and help you enjoy what matters most.