Frequently Asked Questions
The 365 Retirement Plan™
What makes us different from other financial advisors?
There are three important things about our firm that separate us from others:
- All we do is retirement planning. We are retirement specialists with a simple goal of making sure you don’t run out of money.
- We limit the number of new clients we take on so we can ensure that our clients receive massive value and personalized service.
- We invest in industry-leading technology to simplify our clients’ lives, so our retirement plans work every day of the year, so you don’t have to.
Who is a good fit to work with you?
We are retirement planning professionals and do our best work with:
- Retirement investors over age 55 who are retired or want to live a “work optional” lifestyle in the next five years.
- Diligent savers who have accumulated investments of $500,000 or more, excluding real estate.
- People who value hiring a professional because they know their retirement is too important to manage it alone.
Do you offer an hourly or one-time project fee option?
We do our best work with people looking for a long-term relationship. Currently, our firm is not equipped to offer an hourly fee schedule or a one-time project fee option. If you need help locating a financial planner who offers these fee options, send us a note and we will do our best to get you in the right hands.
Why should I consider hiring Rubino & Liang Wealth Partners?
Great question! But first, let us explain why you shouldn’t hire us.
If you’re looking for someone who will simply trade stocks to “beat the market,” you’re in the wrong place. Why? Because we focus on what you can control. Predicting whether or not the stock market will rise or fall, or speculating what interest rates will do next, are not things you can control. But if you are interested in things like lowering your tax bill, investing smarter, and creating a reliable income stream in retirement, you’re in the right place.
Can you meet virtually?
Yes! While many of our clients are in Southern New England, we work with retirement savers all over the United States. Our firm is equipped to meet with clients and potential clients through the video conferencing software, Zoom. Each virtual meeting is protected by a complex, unique password and we adhere to the strict security guidelines necessary to protect your privacy.
About Rubino & Liang Wealth Partners
What does a financial advisor do and how can they help me plan for retirement?
A financial advisor works with you to understand your unique goals and helps develop personalized strategies to save, invest, and grow your assets for retirement. At Rubino & Liang Wealth Partners, our team guides clients through every stage of retirement planning, from creating income plans to protecting your assets and ensuring your family’s future is secure.
How do I know if I need a financial advisor for my retirement?
If you’re unsure about how to manage your investments, protect your savings from risks like nursing home costs, or want a clear plan for leaving a legacy, working with a financial advisor can bring clarity and confidence. Our team specializes in helping individuals and families in the Boston area create strategies tailored to their needs, regardless of where you are on your retirement journey.
What makes Rubino & Liang Wealth Partners different from other financial advisory firms?
At Rubino & Liang Wealth Partners, we distinguish ourselves by focusing exclusively on retirement planning, limiting the number of new clients to provide personalized service and exceptional value, and investing in industry-leading technology to simplify your life. Our dedicated team of retirement specialists works to ensure you never run out of money, and our retirement plans are designed to give you peace of mind every day of the year.
Financial Services
How can Rubino & Liang Wealth Partners help me manage my retirement investments?
We offer personalized investment management strategies designed to align with your retirement goals, risk tolerance, and financial timeline. Our team works closely with you to build and preserve your wealth so you can enjoy peace of mind throughout your retirement.
How do I optimize my Social Security benefits?
Choosing when to claim Social Security is a crucial decision that impacts your monthly retirement income. We guide you on the optimal time to begin collecting benefits, helping you coordinate this income with your overall retirement strategy.
Why is tax planning important for retirees?
Effective tax planning can help you keep more of your retirement income and reduce the taxes your heirs might owe. Our team creates tax-efficient strategies tailored to your unique situation, helping you protect your wealth over time.
What should I consider when planning for healthcare costs in retirement?
Healthcare expenses can quickly add up, making planning essential for a comfortable retirement. We provide personalized solutions to help you manage these costs and protect your financial well-being as you age.
Investment Management
What investment strategies are best for retirees seeking reliable income?
Retirees typically benefit from diversified portfolios that balance growth and income-producing assets. Our team at Rubino & Liang Wealth Partners designs custom strategies to help generate steady income while minimizing risk and market volatility.
Why is asset allocation important in retirement investment planning?
Proper asset allocation helps spread risk across different types of investments, which is crucial for retirees who want to preserve capital and achieve consistent returns. Our approach ensures your portfolio is tailored to your unique needs and retirement timeline.
How do you address inflation and tax concerns when planning for retirement?
We proactively consider factors like inflation and taxes to safeguard your purchasing power and maximize after-tax returns. Our strategic planning helps ensure your retirement savings last throughout your golden years.
Can I adjust my investment strategy as my retirement needs change?
Yes, we believe continuous monitoring and regular portfolio reviews are essential. As your needs evolve, we work with you to update your investment plan and keep you on track toward your financial goals.
Retirement Income
How can I ensure reliable retirement income in Boston, MA?
Reliable retirement income starts with a personalized investment plan tailored to your unique needs. Our team focuses on strategies that prioritize steady income, risk management, and ongoing plan reviews to help you feel secure throughout your retirement years.
What are the main challenges retirees face in investment planning?
Retirees often face market uncertainty, inflation risks, and complex tax implications. We address these challenges with diversified portfolios and proactive management, helping you navigate the evolving financial landscape confidently.
What steps are taken to protect my retirement income from market volatility?
Our advisors implement risk management strategies, such as diversification and inflation protection, to help safeguard your income. We continually monitor your plan and make adjustments as needed to maintain financial stability.
Will my retirement income plan be reviewed regularly?
Yes, we conduct ongoing reviews to adapt your plan to changing economic conditions and your evolving goals. This proactive approach ensures your financial security and peace of mind throughout retirement.
Tax Planning
Why do retirees sometimes pay more taxes than expected?
Many retirees are surprised by how much they owe in taxes because they didn’t develop a tax planning strategy before retiring. Without proper planning, withdrawals from retirement accounts can push you into higher tax brackets and increase your tax liability.
How can I reduce my taxable income in retirement?
You can reduce your taxable income by optimizing which accounts you withdraw from and using strategies like Roth conversions, tax-efficient withdrawals, and charitable giving. A personalized tax strategy helps maximize your after-tax retirement income.
Are tax laws likely to change, and how could that affect my retirement?
Tax laws often change, and rates may rise in the future due to factors like national debt. It’s important to review your tax plan regularly to take advantage of current low rates and protect your retirement income from future increases.
What tools are available to help create a retirement tax plan?
Advanced software can quickly analyze your tax returns and identify opportunities for savings, such as optimal withdrawal strategies and deductions. Working with professionals who use these tools can enhance your retirement tax planning experience.
Social Security Planning
When is the right time to start collecting Social Security benefits?
The optimal time to claim Social Security depends on your unique financial situation, including your retirement savings, other income sources, and personal health considerations. Working with a specialist helps ensure you maximize your monthly income and overall retirement strategy.
How can Social Security planning help reduce my taxes in retirement?
Professional Social Security planning analyzes your income sources and tax status to identify strategies that can lower your tax bill. By coordinating when you claim benefits with your other retirement assets, you can optimize your income and keep more of your money.
What factors should I consider before claiming Social Security?
It’s important to evaluate uncovered pensions, rental income, required minimum distributions, dividends, capital gains, family health, and spousal benefits. These factors impact both the timing and amount of your Social Security payments.
Why should I work with Rubino & Liang Wealth Partners for Social Security planning?
Rubino & Liang Wealth Partners offer professional guidance in Boston, helping retirees optimize their Social Security benefits, reduce taxes, and coordinate all sources of retirement income for a confident financial future.
Health Care Planning
How can I protect my retirement savings from rising health care costs?
By working with a dedicated team that specializes in health care planning, you can anticipate future medical expenses and implement strategies to safeguard your savings. Personalized planning allows you to enjoy retirement confidently, knowing your finances and well-being are secure.
What are the main challenges in health care planning for retirees?
Retirees often face rising medical costs, understanding Medicare and Medicaid, choosing suitable insurance coverage, and preparing for potential long-term care needs. A comprehensive approach can help you address these challenges and ensure your plan fits your needs and budget.
How does Rubino & Liang Wealth Partners help with Medicare and Medicaid?
Our team provides tailored guidance on Medicare and Medicaid options, helping you maximize your benefits while minimizing out-of-pocket expenses. We review your situation to ensure you receive the coverage that best supports your retirement lifestyle.
Why is long-term care planning important for retirees?
Long-term care planning ensures you have the resources to cover potential future expenses without depleting your savings. Our experts develop strategies to fund long-term care, giving you peace of mind throughout your retirement years.
Estate Planning
Why should I consider estate planning as I approach retirement?
Estate planning helps ensure your assets are passed on according to your wishes while minimizing taxes and complications for your heirs. It’s especially important during retirement to protect your legacy and provide peace of mind for your loved ones.
How can Rubino & Liang Wealth Partners support me with my estate and retirement plans?
Our team offers personalized estate planning services for retirees, including a thorough review of your assets and customized strategies like wills, trusts, and tax minimization. We work to ensure your unique wishes and retirement goals are reflected in every aspect of your plan.
What estate documents do I need to have in place as a retiree?
Key documents for retirees include wills, trusts, powers of attorney, and healthcare directives. These vital documents help safeguard your interests and ensure your family is cared for according to your wishes.
How can I make sure my heirs receive the most from my estate?
Implementing thoughtful estate planning strategies can help reduce taxes and maximize the inheritance your loved ones receive. We specialize in helping retirees preserve their wealth for future generations and philanthropic goals.
Have a question you’d like to discuss in greater detail? Let’s talk!
Fill out the form below to request a call with our team, and we’ll be in touch with you shortly.