Why Let The Milligan Private Wealth Management Team Manage Your Defined Contribution Pension Plan Instead Of Your Pension Plan Provider Such As PEPP?
As you approach retirement, you have the option to leave your Defined Contribution (DC) pension plan with your employer or transfer it to a more personalized solution. Here’s why The Milligan Private Wealth Management Team can better serve your retirement needs & help maximize your hard-earned savings.
Key Benefits of Having Our Team Manage your DC Pension Plan:
1. Personalized Investment Strategy
• Pension Plan Provider: Typically offers a limited set of investment options with a “one-size-fits-all” approach.
• Our Team: We create a customized investment strategy that matches your personal retirement goals, risk tolerance, and time horizon.
• Benefit: With a tailored strategy, your investments are better positioned to grow according to your specific needs, not generic ones.
2. Tax-Efficient Withdrawals & Income Planning
• Pension Plan Provider: Requires you to follow withdrawal rules that may not be tax-efficient or aligned with your needs.
• Our Team: We develop a personalized income withdrawal strategy that minimizes taxes and maximizes your after-tax income.
• Benefit: Optimizing withdrawals tax-wise helps you keep more savings and gain better control over your income.
3. Ongoing Personalized Management
• Pension Plan Provider: Once you leave the plan, it often stays static without updates for market changes or life events.
• Our Team: We continuously monitor and rebalance your portfolio, adjusting for market trends and life changes.
• Benefit: Your portfolio is actively managed to stay aligned with your financial needs, keeping you on track toward your retirement goals.
4. Strategic Retirement & Estate Planning
• Pension Plan Provider: Limited support when it comes to estate planning or coordinating retirement income with other assets.
• Our Team: We integrate your plan with other aspects of your retirement plan such as financial planning & estate planning.
• Benefit: A holistic strategy that aligns with your financial & estate goals, ensuring efficient wealth transfer to the next generation.
5. Flexibility & Lower-Fee Options
• Pension Plan Provider: Limited investment options with little flexibility when it comes to accessing your funds.
• Our Team: We provide more flexibility & control over your assets, including a wider range of investment options & lower-fee options.
• Benefit: You have the freedom to adjust your retirement plan as your financial needs change, while having access to lower-fee options.
Why Choose Us Over a Pension Plan Administrator such as PEPP?
• Expert Guidance: Personalized advice, unlike pension plan administrators, who offer minimal support.
• Holistic Approach: We create a comprehensive retirement and wealth plan that goes beyond just managing your investments.
• Ongoing Support: With us, you’re not just another account. We offer continual support and are always one phone call away.
• Lower Fees: Reduce unnecessary administrative costs, ensuring your money works harder for you.
By choosing The Milligan Private Wealth Management Team to manage your defined contribution pension plan, you gain peace of mind knowing that your retirement is in expert hands. We are dedicated to helping you navigate the complexities of retirement planning, so you can focus on what matters most: enjoying your retirement.
Contact our team for a personalized consultation and take the first step towards professional wealth management.
