We understand that retirement doesn’t mean the same thing for everyone.
Which is why we gravitate to the term “work optional” instead. We believe that financial security is what matters most regardless of age. We help clients become work optional even if they want to keep working or earning income in some capacity and don’t tie it to an arbitrary age like 65. We focus on creating reliable streams of income for retirement, not just maximum stock market growth.
Calculate How Much You Need
- Estimate future expenses, adjusted for inflation and healthcare costs.
- Factor in both essential expenses (housing, healthcare, food) and discretionary expenses (travel, leisure, gifting).
- Stress test your plan against different scenarios like market downturns, rising healthcare costs, or living longer than expected.
Income Planning
- Show how your different accounts (401(k), IRA, Roth IRA, taxable brokerage, Social Security, pensions, etc.) work together to provide income.
- Build a withdrawal strategy that balances your needs with tax efficiency.
- Incorporate strategies like Social Security timing and Required Minimum Distributions (RMDs)
Tax-Efficient Retirement Strategies
- Guide Roth conversions at the right time to reduce long-term taxes.
- Plan distributions in a way that minimizes Medicare surcharges (IRMAA) and taxes on Social Security.
- Optimize account sequencing (which accounts to tap first).
Investment Management for Retirement
- Adjust your portfolio as you move closer to retirement, reducing risk while still allowing growth.
- Diversify across asset classes so you’re not dependent on one investment type.
- Set up income-generating investments (dividends, bonds, funds designed for distribution).
At LA Wealth Management, work optional planning is about more than numbers. It’s about creating the freedom to choose how you spend your time — with clarity, confidence, and purpose.