Experience: Helping & Coaching Retirees
We have helped countless Retirees over the years to have a happy and stress-free retirement plan.
We focus on Retirees having a stress-free retirement plan that covers all contingencies. How do we do that? What makes us different than other financial planners and investment advisors?
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At MRC as your Retirement Coach, we work with you as a team, in putting together a written, comprehensive gameplan. It is the start of a dynamic, always-changing process but ensuring that you won't run out of money and that you make your money work for you.
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We specialize in Retirement Planning, and we give Retirees solutions to their financial questions. We manage investment portfolios differently (focus on risk over returns), we seek fixed and guaranteed retirement income, we work together on your budget each year in retirement, we evaluate create tax strategies, and we help you give back or give to your children.
My Retirement Coach
Clients We Have Helped...
Case Studies
#1: When can I retire, and how much do I need for retirement?
- Creating a Retirement Roadmap
#2: When Should I File for my Social Security?
- Maximizing my Social Security Benefits to have the most in lifetime Benefits
#3: Is my Retirement Portfolio Too Risky?
- Risk Management, Capital Preservation, and Taking Withdrawals for Living Expenses
#4: How Can I have Guaranteed and Fixed Retirement Income?
- Retirement Income Strategies: Making Your Money Last
#5: Can You Help Me with Medicare and Healthcare Planning?
- Navigating Medicare and Healthcare in Retirement, including Long-Term Care
My Retirement Coach provides bespoke retirement & financial planning solutions to their clients.
2005
Year of Establishment
10,000
Clients
1000+
Projects Completed
$32.1 b
AE Wealth AUM
Our Clients & Recent Case Studies
#1: When Can I Retire? How Much Do I need in Retirement?
Creating a Roadmap to a Secure Retirement
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Why it matters? Many are unsure if their savings will last, and they need a comprehensive plan to have confidence that they will not run out of money.
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Clients: Mary McGowen, a single mom of two adult children, would like to know if she can retire today. How much money will she need to have a happy and stress-free retirement?
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Questions Mary want answered: When can she retire? Now, or sometime in the future? How should she plan for unexpected surprises or healthcare expenses?
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Our Solution: We put together a: (1) Retirement Income report (SIPS), and (2) a comprehensive, detailed and written Retirement Plan which showed Mary how much money she would have in each year of her retirement untile she passes.
#2 When Should I File for my Social Security Benefits? At 62, 67, or 70?
Maximizing Your Social Security Benefits
Why it matters? 92% of those filing Social Security do not maximize their lifetime benefits, and the average SSB filer leaves $118,000 "on the table."
Clients: Steve (67 years old) and Vicky Johnson (55 years old), a couple who got married 22 years ago, the second marriage for both; Steve has an ex-spouse and Vicky is widowed. They both qualify for their own SSB based on each’s work record, Vicky stopped working 10 years ago and is receiving SS Disability benefits.
Questions: When should Steve & Vicky file their Social Security benefits? Should each file on their own work record, on that of their prior spouse (or deceased spouse), and should one of them wait to file at 70? How can they be certain that they are maximizing their lifetime benefit as a family?
Our Solution: We put together a: (1) Social Security Maximization report with three options on how to file, (2) a detailed Statement of Cash Flows, and (3) a Retirement Income report (SIPS) which shows them how much money they have every year.
#3: Is My Retirement Portfolio Too Risky?
Risk Management: Investing for Retirement, and Focus on Risk Above Returns
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Why it matters? Market volatility and large losses can jeopardize retiree investments. The way you manage your portfolio now is not the same as before.
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Clients: Bill (65) and Melinda Gates (62) have been married for over 34 years and have a 24-year-old son now working (for Morgan Stanley), and two other children still in college. Bill is a Bitcoin executive, and Melinda works for a local San Francisco Art Gallery, and they are “sophisticated” investors and actively manage their investment portfolios and retirement plans (401k, pensions, and IRAs).
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Questions they want answered: Are they managing their investment portfolio correctly, are they maximizing their returns, and are their stock and bond holdings too risky? In 2022, their bond portion surprised them when it went lost >16.5% and they thought was their “safe money?” Second, they would like to leave an inheritance for their three children, perhaps be able to help them buy their own house
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Our Solution: We put together a: (1) Risk Analysis of all their portfolios, to determine if their personal or family RTS (risk tolerance score, matches their portfolio RS (risk score); (2) Financial Plan to ensure that Bill and Melinda are maximizing their invest-ment portfolio returns and have an acceptable level of risk; and (3) an Estate Planning cash flow worksheet, so that they know exactly how much they can gift their children.
#4 How Can I Have Guaranteed Fixed Income?
Retirement Income Strategies: Guaranteed and Dependable Income
Why it matters? Transitioning from accumulation to distribution is complex and stressful. You would like to have "certain and fixed income" without the chance of losses. What can you buy?
Clients: Mickey (60) and Joe (58) are a married couple, both working, and each has a large investment portfolio from their respective employer 401k plans. Mickey has an adopted, adult son (Rafael) before getting married, but Joe has adopted that son as well. They started and operate a very successful and high-end furniture and design studio, and they would like to leave their business to Rafael.
Questions: They want to know what investment are “safe” and provide a steady income stream for their retirement day-to-day expenses. They don’t need to earn 20% or more, but they would like to get 5-6% CAGR each year, with some level of income? Second, they would like to know how to leave their business to their son in the most tax-efficient way.
Our Solution: We put together: (1) a detailed Statement of Cash Flows, (2) a Retirement Income report (SIPS), and a (3) tax strategy worksheet as part of their Estate Planning worksheet.
#5: Can I Get Help on Medicare and my Healthcare Planning? Do I need Long-term Care?
Navigating Medicare and Healthcare in Retirement - Plan A, B, C, D, E...
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Why it matters? Healthcare costs can derail even the best retirement plans. Fidelity Investements estimates that 15-20% of a Retired Couples budget is healthcare.
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Clients: Roberto (62) and Maria Luz (65) Cortez have been married for over 40 years and have two adult children. They work for UC Berkeley as a Professor of Latin Studies and as an Administrative Assistant, respectively and they have great benefits from their work. They are very diligent savers, have put away a nice nest egg, but are interested in looking at long-term care because both of their parents lived to 90.
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Questions they want answered: Are they missing anything in their benefits program, when can they comfortably retire, and would we review their current medical and long-term care benefits. Second, what else should they be thinking about and how can they get higher investment returns in their 403(b) and 457(b) retirement accounts. Finally, would they be able to leave money for their grandchildren?
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Our Solution: We put together a: (1) Retirement Income report (SIPS), (2) a portfolio risk analysis, a (3) long-term healthcare strategies worksheet evaluating long-term care options, and (4) an Estate Planning worksheet.