Well Planned Retirement

Complete Planning for your Retirement.
A personal plan for your future.

You have worked hard to accumulate your wealth and you have many things to look forward to in the future. You want to have a long and abundant retirement, live the life you have dreamed about, and make sure you are being as tax efficient as possible. It can be difficult to keep track of all the components of a good financial plan. Working with a financial advisor who understands your goals can make all of the difference, when it comes to successful retirement. Make sure you are making the most out of your wealth.

CASE STUDY

Leo and Wendy are in their early 60’s and are preparing for retirement at the end of this year. Leo has worked at a large manufacturing company for the past 25 years and will be receiving a pension during his retirement. Wendy started her own consulting company 10 years ago after working with two large consulting agencies at the beginning of her career. They have three children and four grandchildren and are looking forward to having more time to spend with them. They have saved up a significant amount of assets over their careers in various locations and investments. They have concerns around the changes that come with retirement and want to make sure that they will be able to fund their lifestyle.

Main Concern - Improving portfolio structure and increasing cash reserves

How we would help – Rebalance portfolio to help protect against critical retirement risks like longevity, inflation, taxes, market disruptions and increasing healthcare costs.

How we would help – Consolidate and simplify their account structure, when appropriate, allowing them to see all their investment assets in one area.

How we helped – Constructed income report to illustrate how their investment assets are designed to provide income that should replace the paychecks from their current jobs.

How we would help – Perform a Social Security analysis and help determine the appropriate time and strategies to claim their social security.

How we would help – Facilitate conversation about the financial and psychological transition to retirement, incorporating harmonized goals and their ideal retirement calendar.

How we would help – Coordinate introductions to qualified professionals and provide preliminary information on effective engagement.

This case study is hypothetical and for discussion purposes only. It is not intended to represent any specific return, yield or investment. Individual experiences referenced above may not reflect the future experience of any one client. The planning process discussed may not be suitable for your personal situation, even if it is similar to the example presented. Past performance is no guarantee of future results. Investing involves risk including the possible loss of principal.

Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance does not guarantee future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Be sure to contact a qualified professional regarding your situation before making any investment or withdrawal decision. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Looking for more insight?

Check out the guide curated just for you to assist in your financial planning.

Answers to Your Toughest Retirement Questions by Coastal Bay Wealth Management
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FAQs

Our office number is (727) 910-2001. Our hours of operations are Monday-Friday, 9:00 a.m. to 5 p.m. EST (Close at 4 p.m. on Friday). Closed Saturday & Sunday.

Or you may email us anytime at: coastalbaywealth@raymondjames.com

If you have issues accessing your client access account after hours, please call our Client Service Support line at 877-752-2237 Monday through Friday, 8 a.m. to 9 p.m. EST. Saturday and Sunday, 8 a.m. to 5 p.m. EST.

RJ Client Access is your source for a simple, secure way to access your account information on your computer or mobile device – it puts instant insight and control at your fingertips!

See our step-by-step video, “Client Access Enrollment” (link to the video within our “How To” library in the resource center)

You will need to enroll and set up your account; click here to start. (here – link to client access enrollment page)

Enter your personal information & your account number (your account number can be found at the top of your statement).

You can call our office at 727-910-2001 Monday-Friday, 9:00 a.m. to 5 p.m. EST (closes at 4 p.m. on Friday), and we would be happy to assist you.

Or you may contact our RJ access service support line at 877-752-2237 Monday through Friday, 8 a.m. to 9 p.m. EST. Saturday and Sunday, 8 a.m. to 5 p.m. EST

We have two separate service arrangements.

The first method is an advisory arrangement 1, where we charge one transparent fee, which includes the management of all your investment accounts held with us, ongoing retirement, and your vision financial planning. We also offer many other benefits and guidance regarding other financial aspects of your life that we do not directly manage. Have questions about your 401(k)? We can provide general information regarding your 401(k) options. For questions about estate planning, we can offer clarity.

The second method is a flat dollar structure 2, where we help with various Planning or Investment Consulting service areas. Our Planning services include Financial, Tax, Insurance, Education, Retirement, Estate, and Business Planning. Our Investment Consulting services include creating an investment profile, a portfolio holdings review, asset allocation review, investment strategy recommendations, security, and investment manager research of asset classes and sub-class analysis, sector, style, and historic performance review.

There are investment products with additional fees, such as 529 College savings plans & Life Insurance Products, which will be evaluated when determining the right solution for you.

1 In a fee-based account, clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of any advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold theses securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part 2 as well as the client agreement. Services rendered will be dependent on applicable agreements.

2 The Financial Planning or Consulting services listed are generally those offered under the Wealth Advisory Services Agreement. However, fees and services are customized with each client agreement. For a complete list of fees and available services, please consult the most current Form ADV Part 2A and the Wealth Advisory Services Agreement that you may obtain from your Investment Adviser Representative.

Coastal Bay Wealth is an independent financial advisory team; our relationship with Raymond James allows us to offer you the highest level of client service. Raymond James provides business services to Coastal Bay Wealth, such as compliance oversight, technology, statement generation, reporting & securities are offered through Raymond James Financial Services, Inc. member FINRA/SIPC.

Yes. We follow the fiduciary standard on advisory accounts. But more importantly, what is a fiduciary? As a fiduciary, we work in your best interest of you. Non-fiduciaries need only recommend “suitable “products — even if they’re not the lowest-cost or most ideal for you. Beyond the legal definition, Coastal Bay Wealth takes responsibility as a fiduciary for advisory relationships to a more personal level. We believe each connection requires a unique level of service to ensure we are consistently earning our keep and helping to position you for success, both financially and in everyday life.

 

It all starts with a connection. So, if you aren’t already connected with our team at Coastal Bay Wealth and you find yourself, a loved one, or a friend in need of financial planning and advising services, we would be happy to help!

The best way to start is by scheduling a 15-minute no-obligation phone call by clicking here.

Our clients are our friends. We start by engaging in a professional relationship that progresses toward a friendship.

Our team takes a proactive approach to communicating with our relationships through various delivery methods. Aside from our regular planning meeting, you can expect to receive general information from our team throughout the year, primarily digitally, as well as custom videos and the Investment Strategy Quarterly publications. Additionally, you will receive personal invitations to special events and educational presentations throughout the year. You are always encouraged to contact us with questions or whenever we may be of service. There is never a fee or cost to do so.

Accounts are custodied at Raymond James Financial Services, Inc. (RJFS), and all statements and account insurance are provided through Raymond James. You receive statements and online access directly from Raymond James, providing independent third-party reporting. Raymond James & Associates and Raymond James Financial Services are members of the Securities Investor Protection Corporation (SIPC). SIPC protects against the customer’s loss of cash and securities that Are held by a participating brokerage firm that becomes insolvent. Client accounts may be eligible to receive up to $500,000 in coverage through basic SIPC. Of that $500,000, up to $250,000 can be cash. 

Raymond James bas purchased Excess SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is backed by the Lloyd’s trust funds and Lloyd’s Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per “separate capacity” for cash in excess of basis SIPC limits.

Accounts held at Raymond James Bank (RJ Bank) of that participate in the Raymond James Bank Deposit Program (RJBDP) are insured by the Federal Deposit Insurance Corporation (FDIC), and independent agency of the United States government, for up to $250,000 per depositor. FDIC protects against the loss of insured deposits if an FDIC insured bank or savings association fails. FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts, and certificates of deposit (CD’s)

Note: This does not protect your account from market loss.

First, you can expect us to get to know you well. We strive to learn as much as possible about you because it helps us guide you toward better financial decisions. We view this as a long-term partnership focused on your vision.

Second, you can expect attention to detail, prompt response to letters, calls, and emails, clear reasoning for our recommendations, diligent execution of the tasks, and confidentiality in all matters.

Finally, you can expect absolute honesty and integrity in every meeting, every observation, and every recommendation we make. You can and should expect us to adhere to the highest ethical and professional standards in every aspect of our relationship. We strive to simplify your life and enhance your lifestyle.

Yes, we utilize a world-class investment strategy team led by Chief Investment Officer Larry Adam, consisting of various Raymond James top thought leaders, dedicated analysts, and support groups.

The mission of the Investment Strategy team is to provide actionable ideas and timely perspectives from the leading investment professionals across the firm. In collaboration with our Chief Investment Officer (CIO) and the Raymond James Investment Strategy Committee, we formulate centralized messaging on relevant investment strategy themes, asset allocation guidance, and timely investment strategy topics. We can provide you with the educational resources necessary to understand better and communicate these ideas while supporting you with practical and objective guidance on implementing our team’s ideas.

Our process starts with your vision. Our approach considers your needs summarized in the following steps:

  1. We help you establish and articulate your goals and vision. 
  2. We collaborate to determine the appropriate mix of investment types. 
  3. We develop an investment recommendation that focuses on your overall vision for your future. 
  4. We implement and continue to evaluate your portfolio as your needs and vision change over time. 

Our success is measured by your future which is why our process is dynamic, so we can assist you as life events occur.

Our advisors and associates receive systematic training through continuing education, continuous improvement programs, and the attainment of industry certifications.

Michael Cox, Nicholas Manns, and Nick Bogdan hold various professional designations and licenses, including:

  • CERTIFIED FINANCIAL PLANNERTM (CFP®) – Michael Cox
  • Series 7 General Securities Representative – Michael Cox, Nicholas Manns, & Nick Bogdan
  • Series 63 Uniform State Securities Agent – Michael Cox
  • Series 65 Uniform Investment Adviser Agent – Michael Cox
  • Series 66 Uniform Combined State Law – Nicholas Manns & Nick Bogdan
  • Series 9 General Securities Sales Supervisor – Options exam – Michael Cox
  • Series 10 General Securities Sales Supervisor – General exam – Michael Cox
  • Series 31 Futures Managed Funds – Michael Cox
  • FL 2-15 Life, Health, and Variable Annuities Agent – Nicholas Manns & Nick Bogdan
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Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org or by calling 202.371.8300. Raymond James has purchased excess-SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is fully protected by the Lloyd’s trust funds and Lloyd’s Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds. Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are not FDIC-insured banking entities. FDIC insurance only covers the failure of FDIC-insured depository institutions and does not cover Raymond James & Associates, Inc. or Raymond James Financial Services, Inc. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc., companies are not insured by the FDIC or any other government agency, are not deposits or other obligations of Raymond James Bank or TriState Capital Bank, are not guaranteed by Raymond James Bank or TriState Capital Bank, may lose value, and are subject to investment risks, including the possible loss of the principal invested.

References made to FDIC insurance coverage under Raymond James Bank Deposit Program (RJBDP) address FDIC insurance coverage, up to applicable limits, at the insured depository institutions that participate in RJBDP. Funds held at Raymond James Bank (Member FDIC), TriState Capital Bank (Member FDIC), and third-party FDIC-insured banks participating in the Bank Deposit Program are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank, for each account ownership category. The current list of participating FDIC-insured depository institutions can be found here. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply. The Raymond James Bank Deposit Program relies on the services of IntraFi Network, LLC for the placement of deposits at insured depository institutions. If you maintain funds separately with banks in the program, you should monitor your total deposits at the applicable bank(s) to determine your FDIC coverage. Additional information regarding FDIC insurance can be found at fdic.gov or by calling 877. ASK.FDIC (877.275.3342).