navigators in a complex retirement landscape
Fiduciary Management for Retirement Plans, Fiduciary Guidance for Savers and Retirees
We know, we know. “Retirement Plan Services” could either mean services that we provide to employer-sponsored retirement plans OR that we help individuals come up with a plan for retirement.
Well, great news: we do both.
With decades of experience, the Generation Capital Management team has helped employers avoid unnecessary risks while providing exceptional benefits to their employees.
For those preparing for retirement or who are already in retirement, we use an all-hands-on-deck approach that marries expert investment guidance with exceptional financial planning to help you get more out of life.
Combine all of this with our fiduciary responsibility to each of our clients and you have a financial partner upon whom you can depend.
for Retirement Plan Sponsors
Enhanced Fiduciaries, Enhanced Service
Our expertise runs deep. One of our core competencies is working directly with institutions like municipalities, businesses and non-profits to manage their retirement plans. As a Registered Investment Advisor, we are proud to be able to act as an ERISA Section 3(38) enhanced fiduciary as well as a typical Section 3(21) fiduciary.
Municipalities, Businesses, Nonprofits
Retirement Plan Selection and Management
Generation Capital Management partners with corporations, government entities, and non-profits to provide objective, unbiased, investment advisory services for employee retirement plans.
From sole proprietors to employers of any size looking for ways to maintain talent and take advantage of tax benefits, we can help you find the best plan for your company and group of employees.
Whether you’re looking to set up a 401(k), 403(b), 457, SIMPLE, or even a pension establishing a retirement plan doesn’t have to be challenging. GCM can help you set up and manage a plan for your employees.
You can count on retirement plan advice customized to your needs free from conflicts of interest. We have the experience necessary to make the process simple with minimal disruption to your workflows.
Specialists in 457 Plans
Generation Capital Management has extensive experience working with municipalities in providing investment advisory services to their 457 Plans. We offer IPS creation and monitoring, initial and ongoing due diligence of plan holdings, fiduciary consulting, and RFP analysis for vendor services.
ERISA Section 3(38) and 3(21) Fiduciaries
As an SEC-Registered Investment Advisor, Generation Capital Management can act as either an ERISA Section 3(38) or Section 3(21) fiduciary for your retirement plan. (Note: Registration with the SEC does not imply a certain level of skill or training.)
What does this mean?
As an ERISA Section 3(38) fiduciary for your retirement plan, we can assume full responsibility for selection, monitoring, and replacement of retirement plan investment options. This removes a burden and potential liability from the plan trustee. Plan advisors who are not Registered Investment Advisors cannot act as this type of fiduciary.
Section 3(21) fiduciaries can provide advice on (but cannot assume responsibility for) the investment selection in the retirement plan. This means that the administrative burden and potential liability remain with the plan trustee.
Being able to operate under both fiduciary standards allows us to offer the exact level of service your organization needs.
Fiduciary Consulting
Federal regulators and participants are increasingly challenging the prudence of plan sponsor management decisions, investment choices, and fee structures. This results in a growing body of litigation risk for negligent employers.
GCM can provide you with an objective assessment of the plan you have in place. If your current plan is properly invested, protects you as plan sponsor from fiduciary liability, and is cost efficient, we will be the first to tell you so. If not, we will lay out alternatives that meet those three critical criteria.
For Those preparing for or in retirement
Balancing the Present and Future
One of the most important aspects of the financial planning process is retirement planning. The only true way to know if you’re correctly balancing your current spending and your future needs is to put together a comprehensive financial plan.
Retirement planning looks different for every household with whom we’ve worked, but we’ve identified three stages of life as they relate to retirement:
Accumulation
Preservation
Drawdown
Regardless of where you are on your journey to or in retirement, we have solutions and the experience necessary to help you get the most out of your money while living the life that you want.
Two Ways to Make a Retirement Plan With Us
Investment Management
Comprehensive wealth management
Every client who has investments managed by Generation Capital Management has access to financial planning from our CERTIFIED FINANCIAL PLANNER™ professional John Howe-Wemett at no additional charge.
genPOWERMENT: Standalone Financial Planning
Retirement guidance without investment management
Through our standalone financial planning platform, genPOWERMENT, you can receive expert advice from our CERTIFIED FINANCIAL PLANNER™ professional without having us manage your investments
Guidance During the Three Stages of Retirement: Accumulation, Preservation, and Drawdown
Accumulation
You have the most flexibility and power to change your situation while you’re in the earlier stages of your career (during what is commonly referred to as the “accumulation” phase).
Do you know how much you should be saving for retirement? At Generation Capital Management, we understand the importance of striking a balance between living your life now and making sure that you have enough money for the future.
Our CERTIFIED FINANCIAL PLANNER™ professional can help you find the levers to pull which will help you optimize your financial situation while you work.
Preservation
The preservation phase of retirement planning is the five to ten years leading up to the point at which you decide to stop being fully employed.
Between this point and retirement, you have less time to recover value in your portfolio if you experience volatility. It’s also important in this phase to understand how the financial choices you make in the following years may impact you on a permanent basis.
Some of the key considerations during this time are when to retire and when to take social security. Don’t make these decisions alone. Let the experts at Generation Capital Management help you thread the needle.
Drawdown
The drawdown phase is what most people think of when they hear the term “retirement”. This phase is characterized by covering your expenses with Social Security, pension income (if you have any), and distributions from your investment accounts.
Our CERTIFIED FINANCIAL PLANNER™ professional can work closely with your accountant and attorney to help keep you on track to achieve your tax and estate planning goals during this period.
It’s an incredibly important time in your life, and we understand how vital it is to get things right the first time.
While no two situations are the same, our team has seen hundreds of retirement plans play out over decades of experience. Let us put that experience to work for you.
A financial partner that educates you
Helping You Better Understand Your Employer-Sponsored Retirement Account
Having a retirement account through work isn’t the same as having a retirement plan.
We have a strong understanding of all retirement plan types, and we can even help you manage the investments in your employer-sponsored retirement account through Aspire or our peripheral account management solution.
Our top priority is to empower you with the knowledge that you need to make informed decisions at every turn.
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Your 401(k) is one of the most important tools in your financial arsenal. Our goal is simple: help you to make the most of it. Whether you are nearing retirement or just starting out, we want to guide you through the savings process.
A GCM Advisor can analyze your investment allocation and make recommendations so that your investments are aligned with your goals, risk tolerance and time horizon. We have a consistent investment process that we can put to work for you.
Did you know that there are different rules for required minimum distributions from 401(k)s and IRAs? When nearing retirement, it is more important than ever to have a guide and advocate working for you. If you are considering a 401(k) rollover, we can put together a financial plan for you to help you protect and grow what you’ve worked so hard to save.
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A 403(b) is a type of employer-sponsored, tax-sheltered retirement plan that is used by public schools and other tax-exempt organizations. These types of accounts have several unique characteristics, including:
Funds within a 403(b) can only be invested in mutual funds or insurance annuity contracts. 403(b) plans are sometimes referred to as “tax-sheltered annuities.”
There are limits to how much you can contribute annually, which are more generous for those over the age of fifty.
The participant makes regular pre-tax contributions through a Salary Reduction Agreement with the employer.
The money is invested and it grows tax-deferred while the participant prepares for retirement. The participant only pays taxes on earnings and gains when the funds are withdrawn.
What is the 403(b) total solution?
GCM works with Aspire Financial Services, a nationally recognized service provider, to manage your account. As the provider, Aspire houses your funds, in what is called a “custodial account,” and sends you all of your statements. Aspire is not involved in any of the investment decisions. Because GCM has discretion as the investment advisor, GCM monitors your investments and will make any investment changes to our various risk-based models.
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457 Plans are deferred compensation retirement plans set up by a state or local government or a particular tax-exempt organization. They function similarly to 401(k) and 403(b) Plans with a few key differences.
Did you know that in certain circumstances, you can contribute to a 403(b) and 457 Plan up to the total contribution limits for each in a given year? This could lead to huge tax-advantaged savings!
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A Thrift Savings Plan or TSP is a retirement plan offered to certain federal employees that allows them to make contributions to a retirement account.
The team at Generation Capital Management has the experience to help you understand (and make the most of) your TSP.
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It takes years of practice to become proficient in what seems to be the foreign language of IRAs. We can help small employers leverage IRA programs to provide a benefit to their employees. For individuals, the fact is that there are a lot ways to maximize your IRA balances once you retire which makes the draw-down phase a pivotal time in your life.
The team at Generation Capital Management will guide you on Roth contributions and conversions, how best to achieve your charitable giving goals through your IRA, and make sure that you understand what impact your required minimum distributions will have on your cash flows.
Our approach to IRAs is based on research into how various strategies impact you over the long term. We don’t subscribe to outdated ideas of tax diversification. Our process is to constantly test industry practices and find better, more efficient ways for you to achieve your goals.
The world of Individual Retirement Accounts (IRAs) can be a confusing alphabet soup. We can help individuals establish, understand and utilize each type of IRA.
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Formerly one of the most common types of retirement benefits, pensions have become less popular as the years have gone by.
If your employer sponsors a pension, however, there are important things to know before you make decisions about your pension.
We have decades of experience helping people figure out how to utilize the benefits that they’ve accumulated in their pensions, and we’ll be happy to help you out as well!
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Some organizations may offer their highly-compensated employees non-qualified plans as a way to attract and retain talent.
These plans have complex rules and sometimes serious implications for making the wrong decision as you try to make the most of this benefit.
You can rely on the team at Generation Capital Management to be your trusted partner for navigating your wealth landscape.
