Fee-Only Financial Advisor Rhode Island – Eliot Rose Wealth Management
Are we right for each other?
Are we a good match?
We answer your big question...
"Are we going to be okay?"
Your portfolio is now tied to your living expenses, not your paycheck.
Retirement isn't static, and
neither is your plan.
Let’s keep it simple. We’ll begin with a 30-minute hello meeting so we can meet one another and see if we’re a good match. No stress. No pressure. It’s everyone’s opportunity to get to know one another.
If we are a match, we can discuss next steps. If not, we’ll gladly refer you to other trusted advisors.
We spend a lot of time in this step. After all, you only retire once.
What do you expect retirement to look like? What do you hope retirement looks like? What keeps you up at night? How do you plan to stay connected?
Retirement spans roughly 8,000 days. Not all of it is going to look and feel the same. Our commitment is to be there alongside you, navigating through each phase, crafting a plan that’s as enduring and adaptable as your future requires.
In retirement, your portfolio transitions from growth to support — it becomes the engine for your lifestyle, designed to serve you for 30 years or more. It’s less about maximizing wealth and more about providing a steady, dependable income.
We carefully structure part of your portfolio to deliver a consistent ‘paycheck,’ easing concerns about market fluctuations. The rest is strategically managed to ensure longevity, so you can rest easy knowing your finances are prepared for the long term.
Despite the public perception, more than half of people end retirement with more money than they began. This is just as much a failure as running out.
We establish ‘guardrails’ to guide your spending, informing you when you can indulge and when it’s wise to be more frugal. With us, you’ll enjoy the balance of living fully while spending confidently.
All new relationships begin with our financial planning engagement. We believe sound financial advice can only be provided after a deep understanding of your life.
Our financial planning process will include many meetings, each addressing a specific topic. Our meetings will generally follow the schedule below.
We will ask questions (lots of them!) to understand where you are today and where you want to go tomorrow. The information we gather will serve as the foundation of your plan.
We will walk you through a visual snapshot of your financial life on one single page. This ensures nothing is overlooked and gives us a shared understanding of your complete picture. Don’t be surprised if you have an ‘aha’ moment as you see how all the pieces connect!
This is where your financial plan starts to come to life! In this meeting, we answer the question: “Are we going to be okay?” We will show the current success of your plan, walk-through optimization strategies, and understand the decisions that create the biggest impact.
Life has many twists and turns. The goal is to have a general plan to protect against these “what-ifs.” It doesn’t need to be perfect – we will refine this as retirement unfolds.
Now that you have a successful plan in place, we want to strengthen it. Our goal is to align your portfolio with your goals and risk profile. There is a lot to unpack here, feel free to ask as many questions as needed!
We covered a lot up until this point. We will review our prior discussions and revisit our recommendations. If anything is still unclear, we want to walk through it. Our goal is to provide an education, not a booklet.
We’ll explain what our ongoing relationship looks like and how we continue to add value beyond the initial planning phase. This is where we outline our ongoing service model and ensure we’re aligned on expectations moving forward.
You’ve made great progress – now let’s talk about the fun part: accessing your money! We’ll bring in our Client Services Director, Kris Sao Bento, who will make sure you’re comfortable accessing your accounts and moving money between Schwab and your bank account.
This is a crucial meeting shortly after your retirement begins. We’ll discuss how retirement feels, review your cash flow, and address any questions or concerns you have as a new retiree. Our goal is to ensure your transition from work to retirement is seamless.
We’ll introduce a dynamic approach to monitoring your retirement plan. Instead of “probability of success” scores, we’ll establish dollar-based spending and portfolio guidelines that help you navigate market fluctuations with confidence.
