At Modern Wealth Management, we help individuals and families in Tucson and throughout Arizona bring the different pieces of retirement together into one coordinated strategy.
Retirement planning isn't simply about how much you've accumulated. It's about determining how your savings can support the life you want, where your income will come from, how taxes may affect that income, when to claim Social Security, how much investment risk makes sense, and how you want to protect the people and causes that matter to you.
A More Comprehensive Approach to Retirement
As retirement gets closer, the questions often become more complicated:
- Do I have enough to retire?
- When should I take Social Security?
- Where should my retirement income come from?
- Should I consider Roth conversions?
- How could taxes affect my retirement income?
- How much investment risk should I be taking?
- What happens when RMDs begin?
- How should Medicare and healthcare costs fit into my plan?
- Is my estate plan coordinated with my financial plan?
- What happens financially if I live longer than expected?
Rather than looking at these decisions independently, we help you understand how they work together.
What We Look at in Your Retirement Plan
Retirement Income Planning
We help evaluate your potential sources of retirement income and how they may work together throughout retirement.
Social Security
Claiming Social Security is an important retirement decision. We help you evaluate different claiming strategies in the context of your overall financial picture.
Investment & Risk
Your investment strategy should reflect your goals, time horizon, income needs and comfort with market risk—not simply a generic allocation.
Tax Planning
Taxes don't disappear when you retire. We help identify tax considerations involving retirement-account withdrawals, Roth conversions, Social Security, RMDs and other sources of retirement income, in coordination with your tax professionals when appropriate.
Estate & Legacy Planning
Retirement planning also includes considering what happens to your assets after you're gone. We help coordinate your financial strategy with your estate-planning objectives and other professionals as appropriate.
Healthcare & Medicare
Healthcare can become a significant retirement expense. Understanding Medicare and incorporating potential healthcare costs into your retirement strategy is an important part of the planning process.
Meet Michelle Anthony
Michelle Anthony, AIF®, CDFS®, is the founder of Modern Wealth Management in Tucson, Arizona. With more than 26 years of experience in the financial industry and bachelor's and master's degrees in Finance from the University of Arizona's Eller College of Management, Michelle takes an education-based approach to financial planning.
For more than a decade, she has also taught financial education classes to help people better understand the decisions that can shape their retirement and financial future.
Who We Help
Modern Wealth Management works with people at different stages of retirement planning, including:
Pre-retirees
Pre-retirees who want to know whether they're financially prepared to retire.
Retirees
Retirees who want a coordinated strategy for income, investments, taxes and legacy planning.
Women
Women navigating major life transitions who want greater clarity and confidence around their financial future.
Business owners and professionals
Business owners and professionals who have accumulated wealth and want to coordinate their retirement and investment strategies.
Not Sure Where Your
Retirement Plan Stands?
This is where I'd integrate the system we just built.
Retirement involves more than reaching a certain account balance. Take our complimentary Retirement Revamp Assessment to take a closer look at the different areas of your retirement strategy.
Retirement Planning FAQs
How do I know if I have enough money to retire?
There isn't one retirement number that's right for everyone. The answer depends on your expected spending, retirement income sources, Social Security, taxes, investment strategy, healthcare costs, longevity and the lifestyle you want to maintain.
When should I start planning for retirement?
Retirement planning can begin years before you intend to stop working. The years immediately before retirement can be particularly important because decisions involving savings, Social Security, taxes, investment risk and retirement income may affect your long-term plan.
When should I claim Social Security?
The appropriate claiming age depends on factors such as your retirement timeline, other income sources, marital situation, longevity considerations and overall financial strategy. Social Security should generally be evaluated as one part of the broader retirement plan.
Should I consider a Roth conversion before retirement?
A Roth conversion may be worth evaluating for some individuals, particularly when current and anticipated future tax rates differ. However, conversions can create current taxable income and should be evaluated within a broader tax and retirement-income strategy.
What does a retirement financial advisor do?
A retirement-focused financial advisor can help coordinate investments, retirement income, Social Security, tax considerations, risk management, healthcare planning and estate or legacy objectives into a comprehensive financial strategy.
Does Modern Wealth Management only work with clients in Tucson?
No. Modern Wealth Management is based in Tucson, Arizona, and can serve clients beyond the Tucson area where permitted. Virtual meetings make it possible to work with clients in other locations as well.
Ready to Take the Next Step?
Whether retirement is approaching or you're already retired, having a coordinated strategy can help you better understand where you stand and the decisions ahead.
