New York Financial Planners for Retirees

Income Planning & Investment Management to Enjoy Your Retirement

Congratulations! You have now reached the point where you can enjoy the fruits of your labor and let leisure take center stage. Retirement, however, does not mean your monetary concerns are in the past. In fact, now, more than ever, it is imperative that you create and adhere to a financial plan.

At Piermont Wealth Management, our experienced New York financial planners recognize that retirees are concerned with generating a certain amount of retirement income in order to cover their cash flow needs and maintain their current lifestyle. Using our five-step process, we can develop a plan for our retired clients so that they are able to receive the appropriate amount of needed retirement income. Based upon your customized financial plan, we can build a risk-adjusted investment allocation and manage your portfolio accordingly.

Time to Review Your Plan

Now that you have retired, it's a good time to review your financial plan and maybe even make adjustments. A plan is an organism that, in certain cases, changes over time. Typically, adjustments need to be made either due to life events or external circumstances. Our perceptive financial planners can review all your cash inflow items against all your cash outflow (or expenses) taking into account the tax deductibility of certain expenses. Our illustrations consider your life expectancy so that you will not run the risk of outliving your assets.

Our firm can assist you in making the changes necessary due to numerous factors, including:

  • Life events such as marriage, divorce, death of a loved one, inheritance, sale of a real estate or business interest, property or personal injury settlement, losing a job, changing employment, and our favorite - winning the lottery.
  • External circumstances such as changes in the stock and / or bond markets, economic change, political change, change in monetary or governmental policy, tax law changes, inflation, or interest rate fluctuation.

Assistance with Estate Planning Issues

Once you are happy with your portfolio and comfortable it meets your level of risk tolerance, our professional financial planners can assist you with your estate planning requirements. The laws, rules, and regulations governing these issues can be extremely complicated. Attempting to navigate these matters on your own can be overwhelming.

In addition to being a Certified Financial Planner™, our firm's founder is also a highly respected elder law, estate planning, and tax law attorney. He can offer the strategic guidance you need to address various non-portfolio issues, including:

  • Estate planning
  • Tax planning
  • Life insurance needs (note, Piermont doesn't sell insurance)
  • Long-term care coverage (note, Piermont doesn't sell insurance)
  • Medicare and Medicaid planning
  • Health care expense issues
  • Social Security benefit options
  • Elder law

Savoring Your Retirement Years

Our New York financial planners understand you are now at the point of your life where you wish to savor your retirement. At Piermont Wealth Management, we are dedicated to helping you maintain a firm, financial foundation so you can rest easy for years to come!

Contact us today for a free, no-obligation consultation to see how we can help you!

We proudly serve clients in Nassau County and Suffolk County, Long Island. Feel free to contact our offices, either in Manhattan, New York City or Melville, Long Island.