Retirement Planning: Comprehensive Wealth Management, 401(K), and IRA Financial Advisory Services
Whether you are in the early stages of your career or you have worked for decades, HSC Wealth Advisors can help you plan for your future. Our Virginia-based retirement planning advisors use a client-centered approach to address your comprehensive financial goals.
Our independent wealth management firm has served clients across the United States for over 40 years. We are the team you can trust to offer retirement investment advice with your interests in mind.
The Importance of Retirement Planning
Do you dream of buying a boat and sailing the ocean? Do you imagine traveling across the country in a camper and embarking on new adventures? Or would you rather focus on hobbies from the comforts of home? Everyone’s idea of retirement looks different.
No matter your vision, HSC Wealth Advisors can help you strategize your future. Our team of CERTIFIED FINANCIAL PLANNERS™ and Financial Advisors offers guidance to help you feel confident and have peace of mind throughout your financial planning and retirement journey.
Explore Retirement Account Options
Wondering which type of retirement account you should choose? Our retirement planning financial advisors can provide you with more information and answer your questions. We listen to your needs and help you strategize actionable plans aligned with your goals. Explore the following options:
- 401(k): 401(k)s are retirement plans offered by employers. In traditional plans, employees enroll to contribute pre-tax dollars to an account automatically, and employers may match the contribution up to a certain percentage so your money can grow faster.
- 403(b): 403(b)s offer tax-exempt retirement plans for public school employees and people working in qualifying organizations such as charitable entities and churches. Just like a 401(k), employees with this plan may receive matching contributions from an employer.
- Traditional individual retirement arrangement (IRA): Traditional IRAs are managed by individual policyholders rather than employers. With this plan, you may receive tax deductions on your contributions.
- Roth IRA: Roth IRAs are another retirement plan managed by individual policyholders, not employers. The plan does not offer tax deductions for your contributions, although you can withdraw the money tax-free when you reach retirement.
- Saving Incentive Match Plan (SIMPLE) IRA: SIMPLE IRAs are retirement plans established by an employer. Employers contribute pre-tax dollars to the plan on your behalf, and you are not required to make contributions.
- Simplified Employee Pension (SEP): SEP plans are established by small business owners or self-employed individuals for themselves and their employees. The contributions have higher contribution limits than IRAs and can reduce your taxable income.
Retirement Planning Services Based in Lynchburg, VA
The team at HSC Wealth Advisors is prepared to help you set and achieve your retirement goals today. As an independent, fee-only service provider, our focus is on providing you with the guidance you need to plan for retirement and your overall financial goals. Our retirement advisors have put our clients first since our beginning in 1983 — it’s part of who we are.
Set Goals for Retirement
Most people don’t know how much goes into retirement planning. When you engage HSC Wealth Advisors, we will guide you through the full spectrum of retirement planning services, such as investment management. More services include:
- Medicare and Social Security strategies
- Employer-sponsored plans like 401(k)s and 403(b)s
- IRA conversions and contributions
- Pension plans
- Fixed and variable annuities
Benefits of Retirement Planning
Retirement planning begins early. From your 20s on, it’s beneficial to start considering retirement and how you’ll save for it. It’s never too late to prepare for retirement though. Even a few years of planning can afford you a significant amount of benefits. Some reasons you should start thinking about retirement now include:
- You will invest less while earning more: Thanks to compound interest, the earlier you start saving, the more time you have for your retirement accounts to accrue interest. You can end up with more money than you invested thanks to compound interest and the time funds have to accrue interest.
- You can reduce current income taxes: The funds you contribute to retirement savings, whether through your employer, an IRA, or a self-employed account, are not subject to income taxes until withdrawal. So, by investing in your future, you will save money today, too.
- Your retirement options grow: Whether you want to start your own business or go on a cruise around the world, planning for your goals can ensure you have the funds to live your best retirement life.
Why Choose Our Virginia-Based Retirement Planning Services?
At HSC Wealth Advisors, we believe that no one should have to lose sleep over their retirement investments. Even when the market is tumultuous, having the right financial advisors can help you keep your finances steady. Our mission is to provide our clients with:
- Nationwide services: Wherever you are in the country, our Lynchburg financial advisors can help diversify your portfolio with no-load, no-transaction-fee mutual funds.
- Tailored advice: We understand everyone’s financial needs are different, so we strive to personalize our advice to fit your future and provide peace of mind.
- Risk mitigation: Through our perceptive financial resource management, we will manage your investments and preserve gains and principal, all with less stress and risk to you.
- Planning: Our proactive approach will allow you to set a foundation for the future that can help you and your family for generations to come.
Suitability Standards and Fiduciary Responsibility
One of the main reasons you can feel confident choosing HSC Wealth Advisors is that we prioritize fiduciary responsibility over suitability standards. Unfortunately, with the proper disclosures, some firms focus on offering products to their clients that are in the best financial interest of their company rather than their clients. This practice leads to clients paying more than they need to for the sole benefit of their advisors.
At HSC Wealth Advisors, our fiduciary approach is fee-only and independent of product sponsorships. This method allows us to keep the interests of our clients where they should be — first in our minds. One of our core values is that our professional and competent staff maintain a high degree of integrity, objectivity, and ethical standards. Our loyal clients know they can trust us to do what is right for them without any outside influence.
Lynchburg, Virginia, Tax and Retirement Planning Advisors
When it comes to retirement planning, a good financial advisor will discuss your taxes, too. We have strategies to help you make tax-efficient investments to maximize your future income. We’ll even connect you with local legal and tax professionals who can give you more specialized and in-depth advice on your situation if you need the added help.
Contact the HSC Wealth Advisory Team
Request a call from HSC Wealth Advisors today so we can begin discussing which tax-saving strategy for retirement fits your lifestyle best. Whether you need retirement planning services for yourself or a business, we can help. Our impressive list of credentials includes being Accredited Investment Fiduciaries® and CERTIFIED FINANCIAL PLANNERS™, as well as having two Certified Public Accountants and a partner who have earned the right to use the Chartered Financial Analyst (CFA) designation.
Our assistance goes well beyond traditional retirement planning. We also give our clients comprehensive wealth management, tax and estate planning, insurance analysis, education planning, and charitable giving advice. If you would like 401(k) and IRA plan assistance from our financial advisors in Lynchburg VA, connect with us now to build your retirement legacy.
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