Comprehensive Financial Planning Services
At Aspen Peak Wealth Management, we understand the intricacies of financial planning and its growing importance as you approach retirement. Our team is devoted to assisting you in making informed decisions, paving the way for a financially secure future. We offer an array of specialized services designed to instill confidence and provide peace of mind as you chart your financial journey.
The biggest question most people have heading into retirement is, “When should I take Social Security and/or Medicare Benefits?” Asking your friends and neighbors this question is not always the best place to turn for advice. Each individual has their own retirement plan, income, investments, and age factor. And, while Diane does not sign up people for Social Security or Medicare, she does work as a guide and an expert in the field to make sure that both of these benefits will fit into your financial picture. The timing is essential. With her attention to detail and her continued education seminar workshops, Diane should be your first step in getting the answers to your Social Security and Medicare questions. She has the tools to help you optimize your benefits in retirement.
Our Expertise: Your Path to Financial Goals
We specialize in a range of financial planning areas, offering personalized guidance on Social Security planning, Medicare planning, divorce financial planning, and small business services. Our objective is to arm you with knowledge and strategic solutions to navigate the financial landscape with certainty.
Small Business Services
The ever-changing landscape of laws impacting small businesses can be challenging to navigate. As many states mandate retirement plans for employees, our experts are here to guide you through your options. We simplify the process of setting up retirement plans, ensuring they align with your business needs and stay compliant with the law.
Medicare Planning
As you approach retirement, understanding Medicare is crucial. Are you required to enroll if you're still working? Is it free? Our team demystifies the rules and options associated with Medicare, helping you to prepare for retirement effectively.
Social Security Planning
We ensure you understand how Social Security complements your retirement plan. From explaining rules to guiding you on the optimal time to apply for benefits, we're here to help. Our expertise includes advising women - married, divorced, widowed, or single - and couples to maximize their benefits for a secure retirement.
Divorce Financial Planning
Navigating the financial implications of divorce can be daunting and emotionally draining. Having witnessed the impact of divorce firsthand within her own family, our Certified Divorce Financial Analyst® Diane Watson, offers a uniquely empathetic approach to this service. We assist you in understanding the financial aspects of divorce, strategizing tax-efficient asset division, and formulating a robust financial plan that aligns with your short-term and long-term goals. We are here to support you every step of the way.
Mediation
Divorce mediation offers a space for couples to discuss their divorce intentions under the guidance of a neutral third party. This structured dialogue aims to facilitate understanding, ensuring both parties reach agreeable terms without unnecessary conflicts.
Collaborative Divorce
Collaborative Practice is an approach where couples, with the help of their respective lawyers and specialists, work together outside of court. The goal is to establish open communication, negotiate a mutually beneficial settlement, and prioritize everyone's needs and concerns.
FAQs
A Certified Divorce Financial Analyst (CDFA®)is a professional who is specially trained to help you make financial decisions related to your divorce. Think of them as divorce financial consultants. Qualifications for the CDFA designation include three years of financial planning or legal experience, a bachelor’s degree, successful completion of coursework, and a comprehensive examination administered by the Institute for Divorce Financial Analysts (IDFA™). The bottom line is that a CDFA® helps you and your attorney understand how the decisions you make as part of your divorce agreement will affect your financial future. Additionally, once your divorce agreement is finalized and your attorney’s work is over, a CDFA® continues to provide support by helping you manage the money and other assets you receive.
Financial analysis conducted early in the divorce process can save time. A CDFA® professional can help their client save money. A CDFA® professional can help his/her clients avoid long-term financial pitfalls related to separation agreements. CDFA® professionals can assist their clients with developing detailed household budgets to help avoid post-divorce financial struggles. Hiring a CDFA® professional can reduce the amount of apprehension and misunderstanding about the divorce process.
Being a fiduciary means that we are ethically bound to act in the best interest of our clients. In fact, we are bound to put your interests above our own. It’s the highest legal standard of care. We are also legally liable for the advice we give.
We are also independent. We provide financial advice and suggest investment products that meet YOUR best interests, not products that help fill sales quotas or commissions.
- A predetermined amount of income
- Steady, inflation-adjusted and lifetime income
- Survivor benefits
The "primary insurance amount" (PIA) is the benefit (before rounding down to next lower whole dollar) a person would receive if he/she elects to begin receiving retirement benefits at his/her normal retirement age. Full Retirement Age (FRA) is between 66 and 67.
You first become eligible for benefits at 62, but that doesn’t mean you should take your benefits your benefit will only be 70 – 75% of your PIA depending on the year you were born.
This varies state by state. As of 2023, many states are requiring employers to offer some type of retirement plan to their employees. Some states offer a state plan but this is not necessarily the best option. There are numerous options available. The type of plan you chose depends on you and your company.
Still have questions?
Let's Build Your Financial Future Together
Start charting your path to financial independence with Aspen Peak Wealth Management today. With our specialized services and tailored strategies, we’re dedicated to guiding and educating you every step of the way.
