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Specialized Retirement Planning Advisor in Long Beach, CA

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35+ Years of Experience

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24 hours response time

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Trevor Randall

Your Financial Advisor in Long Beach, CA

As a Certified Financial Planner® (CFP®) and Retirement Income Certified Professional® with over a decade of experience, I specialize in personalized retirement planning. As President and CEO of Randall Wealth Management Group, a family business established over 30 years ago, I prioritize hands-on care. With a commitment to thorough investment research, I ensure every portfolio decision is sound. Our competitive fee structure maximizes your assets' growth.

You'll receive transparent and proactive service as I oversee every aspect of your retirement plan. Based on my educational background, including a Bachelor's Degree from California State University, Monterey Bay, and a Master's Degree from Kansas State University, I suggest retirement income plans that meet your needs. My goal is to offer a clear and practical vision of your retirement future, providing strategic solutions along your financial journey.

Fiduciary Support

As a Certified Financial Planner® (CFP®), I adhere to the highest standards of fiduciary duty. This means I am ethically and legally bound to act solely in your best interests when providing retirement planning services. Your financial well-being is my top priority, and you can trust that I will always prioritize your needs above all else.

Risk Management

Retirement planning isn't just about growing your assets; it's also about protecting them. I employ a thorough risk management strategy to shield your savings from market volatility, inflation, and unexpected costs. By balancing risk and reward, I aim to maximize your portfolio's long-term growth while minimizing potential downsides.

Retirement Payback

Outliving savings is a common retirement concern. I create personalized income strategies to provide you with a steady and reliable stream of income throughout your golden years. Whether it's through pension maximization, Social Security optimization, or diversified investment portfolios, I'll create an effective plan for your financial security and peace of mind.

Maximize Your Retirement Income from Long Beach, CA’s Advisors

At our retirement planning services, I understand the paramount importance of securing your future and safeguarding your financial well-being during your golden years, whether you have already retired or are about to.

I am here to guide you through the process of retirement planning, providing peace of mind knowing you will always have income in your retirement. My services include:

  • Protecting retirement savings: Identifying and mitigating potential risks that could impact retirement savings and income.
  • Keeping pace with inflation through investment returns.
  • Evaluating pension benefits and implementing strategies to maximize retirement income.
  • Minimizing tax liabilities in retirement through strategic planning and investment decisions.
  • Developing strategies to cover potential long-term care expenses.
  • Assisting with estate planning.
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Types Of Retirement Accounts That We Work With:

IRA

An IRA (Individual Retirement Account) is a tax-advantaged retirement savings account that allows individuals to contribute pre-tax income, which then grows tax-deferred until withdrawals begin at retirement age.

Roth IRA

A Roth IRA is a retirement savings account where contributions are made with after-tax income, but withdrawals during retirement are tax-free, including the earnings on investments.

Other Accounts That We Work With:

401(k) & Roth 401(k)

A 401(k) offers pre-tax savings and tax-deferred growth, while a Roth 401(k) features after-tax contributions with tax-free withdrawals in retirement.

401(a) & Roth 401(a)

The 401(a) plan is a customizable retirement plan for government and nonprofit employees, potentially offering a Roth option for after-tax contributions.

403(b) & Roth 403(b)

Similar to a 401(k), but for employees of tax-exempt organizations, offering tax-deferred contributions with a Roth option for tax-free withdrawals.

457(b) & Roth 457(b)

A deferred compensation plan for public and certain non-profit employees, with pre-tax savings and a Roth option for after-tax contributions.

Solo 401(k) & Solo Roth 401 (k)

Solo 401(k) allows self-employed individuals to make pre-tax savings, while Solo Roth 401(k) offers after-tax contributions with tax-free retirement withdrawals.

Simple IRA

A plan for small businesses that allows employer and employee contributions with simpler administration than a 401(k).

SEP IRA

A retirement plan for small businesses and self-employed individuals, allowing employer contributions to employee retirement accounts.

Joint Accounts

Accounts owned by two or more individuals. Each account holder has equal rights to the assets and is typically able to conduct transactions independently.

Trust Accounts

Accounts established by a grantor (the person who creates the trust) to hold assets for the benefit of one or more beneficiaries. The assets are managed by a trustee according to the terms of the trust agreement.

Charitable Accounts

A retirement plan for small businesses and self-employed individuals, allowing employer contributions to employee retirement accounts.

529 Accounts

Accounts owned by two or more individuals. Each account holder has equal rights to the assets and is typically able to conduct transactions independently.

HSA Accounts

Accounts established by a grantor (the person who creates the trust) to hold assets for the benefit of one or more beneficiaries. The assets are managed by a trustee according to the terms of the trust agreement.

UGMA/UTMA

UGMA (Uniform Gifts to Minors Act) and UTMA (Uniform Transfers to Minors Act) are custodial accounts that allow adults to transfer assets to minors. UGMA includes financial assets, while UTMA can also hold physical assets. The assets are managed by a custodian until the minor reaches a state-specified age of majority.

Individual Accounts

Accounts owned by a single individual. All assets and liabilities in the account belong solely to that individual.

HSA Accounts

HSA is a tax-advantaged account for saving pre-tax money for medical expenses, available to those with high-deductible health plans.

Curious about your current level of preparedness for retirement?

Take a quiz to find out how prepared you are for retirement, and understand to next steps for having a secure and fulfilling retirement.

The Process of Retirement Planning with me in Long Beach, CA

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1 Evaluate

Together, we'll evaluate your current financial status, including savings, investments, debts, and anticipated retirement expenses, while defining your retirement lifestyle and goals. This understanding will guide us in setting realistic goals and crafting an effective retirement plan strategy tailored specifically for you.

2 Strategize

Based on a thorough analysis of your goals, aspirations, and current financial situation, we will develop a personalized retirement plan strategy. This approach ensures that your retirement plan aligns perfectly with your objectives, providing you with confidence and peace of mind as you prepare for your retirement.

3 Implement

In implementation, I’ll guide you through key decisions like when to claim Social Security, maximizing pensions, and managing investments wisely. I'll also help minimize tax liabilities, address long-term care needs, and devise effective estate plans. With my support, you'll confidently navigate these steps towards getting the most income out of your retirement.

4 Monitor

After developing your personalized retirement plan, it's essential to regularly review and adjust it as needed. I will periodically revisit your goals and circumstances to help your plan remain aligned with your objectives. Through these periodic reviews, I'll fine-tune your strategy, making any necessary adjustments to keep you on track.

What People Say About Randall Wealth Group

Louise May Teng
Louise May Teng
2023-03-22
I have complete faith in Trevor Randall. He and his company are looking out for my best interests and I wish him the best because he IS the best in everything he does!
Lisa Miguel
Lisa Miguel
2023-03-22
If you’re looking for an investment advisor that’s easily accessible, communicative and feels like family, then this is the place for you! It also helps that Trevor and his team are well versed in investment strategies that are tailored according to each individual’s unique plans and risk tolerance. I am nearing retirement and I would not trust any other firm to guide my plans.
Bohuslav Cerven
Bohuslav Cerven
2023-03-21
Thank you absolutely the best in the investment community ☝️
Thom Holder
Thom Holder
2023-03-21
I am very happy with Randall Wealth Management! Trevor keeps us informed and answers a lot of stupid questions for us and answers his phone!

*Testimonials appearing herein may not be representative of the experience of other clients and are no guarantee of any future performance or success. No client was paid for their testimonial.

What to consider when planning a retirement in Long Beach, CA

Planning for retirement might not be as exciting as you vision for but once you get there, it is imperative to plan ahead of time to ensure that you do get there with the resources needed to thrive.

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Timeframe

Factors such as your current age, expected age at retirement, and when you started saving will affect your retirement planning. Someone closer to retirement age might be more conservative due to a shorter recovery time frame. They also are more likely to use their investments to supplement their income in retirement. However, someone who has many years between now and retirement might have a healthy appetite for risk in their investment portfolio and will not need to spend down their investments for a long time.

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Spending Needs

This is the most critical part of your retirement, and it is imperative to have realistic expectations regarding your post-retirement spending needs. More often than not, expenses remain the same in retirement as they were while you were working. One of the reasons is many retirees spend their beginning years of retirement traveling or splurging on other things they have put off until retirement. Other items like medical needs become a priority once the traveling slows down. Creating spending goals and putting a plan into place helps to avoid outliving your retirement.

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Risk Tolerance vs. Goals

The investment return I determine that is needed for you to have the retirement of your dreams will dictate how much risk will be required in your portfolio. I create custom portfolio allocations for my clients to achieve these returns and ensure we choose the best risk-adjusted return and portfolio available. Finding the balance between risk and return to meet goals is vital.

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Estate Planning

A well-rounded retirement plan includes estate planning. Proper estate planning provides insurance strategies, beneficiary listings, and tax reduction plans. It outlines how your assets will be distributed, how to honor your wishes, and how to avoid lengthy probate. Help ensure that your loved ones do not inherit a financial burden.

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Investment Returns

Ensuring that we meet the expected real rate of return needed in your retirement plan is essential. I personally actively manage our clients’ accounts depending on the stock market outlook and reaction to current events to help achieve the required returns. My hands-on approach allows the portfolio to produce the income needed to sustain the kind of retirement lifestyle you strive for.

Contact our Long Beach Retirement Planners

Address: 3780 Kilroy Airport Way Suite 200 Long Beach, CA 90806


Hours of operation:

Monday: 9:00 AM – 5:00 PM

Tuesday: 9:00 AM – 5:00 PM

Wednesday: 9:00 AM – 5:00 PM

Thursday: 9:00 AM – 5:00 PM

Friday: 9:00 AM – 5:00 PM

Saturday: Closed

Sunday: Closed

About Long Beach, CA

Long Beach, located along Southern California coastline, has a Mediterranean climate. The mild, sunny weather in Long Beach year-round is perfect for outdoor activities and long walks.

While the cost of living in Long Beach is slightly above the national average, the city's diverse housing options cater to various preferences and budgets, ensuring retirees can find accommodations that suit their needs. From beachfront condos to suburban single-family homes, there's something for everyone in Long Beach's vibrant real estate market.

Moreover, Long Beach provides residents with access to quality healthcare services. Facilities like Long Beach Memorial Medical Center and St. Mary Medical Center offer a wide range of medical specialties and advanced treatment options.

Long Beach offers retirees a high quality of life with its desirable climate, abundant amenities, and vibrant cultural scene. The city's unique blend of natural beauty, recreational opportunities, and community spirit makes it an attractive destination for retirees seeking an enriching and fulfilling retirement lifestyle.

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Source: visitlongbeach.com

Useful Retirement Planning Resources in Long Beach Area

City of Long Beach Treasury Bureau

+1 562-570-6845

333 W Ocean Blvd # 6, Long Beach, CA 90802, United States


https://www.longbeach.gov/finance/city-budget-and-finances/treasury/

City of Long Beach Financial Management 

+1 562-570-6048

411 W Ocean Blvd, Long Beach, CA 90802, United States


https://www.longbeach.gov/finance/

Long Beach Chamber of Commerce


(562) 436-1251

1 World Trade Center Suite 101
Long Beach CA 90831

lbchamber.com

Long Beach Local News

(562) 653-NEWS (6397)

3553 Atlantic Ave. Suite B #1191. Long Beach, CA 90807


https://www.longbeachlocalnews.com/

Book a Complimentary Consultation

We can help you address your needs of today and for many years to come. We look forward to working with you.