Iris Wealth Advisory, A Registered investment Advisor Firm

  • I believe that the biggest mistake that most people make when it comes to their retirement is they ​do not plan for it. 

    They take the same route as Alice in the story from “Alice in Wonderland,” in which the cat tells Alice that surely, she will get somewhere as long as she walks long enough. It may not be exactly where you wanted to get to, but you certainly get somewhere.
    Mark Singer

  •  “Long term thinking and planning enhances short term     decision making. Make sure you have a plan of your life   in   your hand, and that includes the financial plan and     your mission.”

    Manoj Arora

  •  “Our goals can only be reached through a vehicle of a plan in which 
    ​we must fervently believe, and upon which we must vigorously act. 
    ​There   is no other route to success.”

    Pablo Picasso

  •  "When it is obvious that the goals can not  be reached, don't   adjust the goals, adjust the action steps."

    Confucius

  • "Cessation of work is not accompanied by cessation of expenses."

    Cato

  •  "You can be young without money but you can’t be old   without it."

    Tennessee Williams

  • “Money does not buy you happiness, but lack of money certainly buys you misery.”

    Daniel Kahneman

  •  "No one's ever achieved financial fitness with a January resolution that's abandoned by February."

    Suze Orman

  • “A goal without a plan is just a wish.”

    Antoine de Saint-Exupéry
Iris Wealth Advisory, A Registered Investment Advisor Firm

RETIREMENT PLAN

Modern medicine has improved the quality of life and has increased the longevity of life. While this is a boon for all of us in general, if proper planning is not place, it is also a reality that people may run out of money in retirement causing additional stress in the golden years. Improper planning or lack of planning at all for retirement might lead to extending your work life or never able to retire on your own terms. This can be averted by planning and using time tested multi bucket strategies to compound your cash and savings in multiple asset classes. 


Some retirements could last as much as 20 years 

Some retirements could last as much as 20 years or more nowadays. So even when you are in retirement it is prudent to utilize multiple strategies to keep your nest egg working for you effectively. Proper planning addresses your cash flows, integrates social security benefits, takes tax effects, Medicare costs, long term health care costs into consideration. A withdrawal strategy can be designed after considering all those factors mentioned earlier, so that you can enjoy your retirement/financial independence instead of worrying about running out of money.


Medicare rules

Medicare rules, Social security distributions, long term care requirements, whether you had a HSA or not, or plan to have a HSA will all determine the quality of your life and will also affect the legacy that you can leave behind. The order of withdrawal from your tax deferred, taxable and non-tax accounts can influence your tax rate in retirement. Not using an appropriately designed strategy could lead to disastrous results because you could lose significant sums to taxes or sequence rate of risk due to market volatility. The money that could be inherited by your children or grand children may very well be used up for taxes, or losses due to market volatility if short term, medium term and long-term strategies are not used.   

What you pay for the advice.

Hence, a detailed analysis provided by a competent financial adviser, after considering multiple factors that could affect your investments, estate, taxes is a worthwhile endeavor and over the long term will deliver much more than what you pay for the advice.

Iris Wealth Advisory Services

Comprehensive Financial Planning

Tax efficient Accumulation and Distribution Planning

Defined Benefit and Defined Contribution Pension Plans for Small Businesses

Injury/Mortality/Longevity Risk Management

Wills/Trusts/Guardianship Preparation

Investment Management

Low cost diversified portfolios from multiple fund managers

Guaranteed Personal Pension Plans from Risk Management Companies. We also help clients with tax efficient college plans

Separately Managed Brokerage Accounts

IRA, ROTH IRA, HSA opening and management

Conversions

Disclosures
​Custody of client funds is at Securities Investments Protection Corporation (SIPC) member firms. Third party vendors/companies are used, to offer comprehensive financial planning tools,to offer investment solutions, to underwrite Injury/Mortality/Longevity risk management  products, to design and implement Defined Contribution/Defined Benefit/Cash Balance plans for Businesses.
Past performance is not indicative of future growth. There is a chance of principal loss in investing. 
Any model/strategy/screener shared is for informational/education purpose only, to generate a discussion.
Models/Screeners are not indicative of real world Investment Performance. Fees and taxes are not included in Strategy/Model calculations.
Investment performance will vary based on the timing of trades placed,investor cognitive and behavior biases.
We are not Tax advisors or Tax attorneys or Estate Attorneys. We work with those professionals if you already have a relationship established with them or we can recommend professionals that partner with us to complete a thorough financial plan.
We do business in the states that we are registered only. The information available on our website and through emails is educational only and not intended to offer services where we are not registered.

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Contact
17250 Dallas Pkwy, Dallas, TX 75248
972-666-8400
ravikomari@iriswealthadvisory.com
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