Financial Planner in Greensboro, NC
Piedmont Capital Advisors offers financial planning in Greensboro, NC, and helps people in the Triad prepare for retirement around their goals. Jacob Rice, CFP®, ChFC®, CLU®, RICP®, creates each client’s retirement income plan himself while considering the benefits, pensions, and other income sources they have earned over their careers.
Someone who spent decades at the old Lorillard plant on East Market Street may have a different retirement picture than someone who worked for UNC Greensboro or another local employer. We take all of this into account when developing a financial strategy.
Greensboro Financial Planning Services
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Financial Planning
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Retirement Planning
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Investment Planning
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Retirement Income Planning
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Investment Management
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Social Security Timing
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Annuities
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Required Minimum Distribution (RMD) Planning
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Roth Conversion Strategy
Conditions That Impact Retirement in Greensboro
Retirement planning in Greensboro can involve former-employer benefits, older financial products, and North Carolina tax rules.
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Trace Your Lorillard Benefits Through the 2015 Sale
Reynolds American completed its acquisition of Lorillard in June 2015, and ITG Brands took over the East Market Street plant as part of the deal. Workers who stayed through the sale may have benefits tied to different companies, with separate providers administering each portion. We help you gather current statements from every plan sponsor so your financial strategy uses accurate numbers.
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Check the Tax Bill on Older Jefferson-Pilot Contracts
Lincoln National bought Jefferson-Pilot in 2006 and kept a major operations center in Greensboro. Some local families still own annuities that now carry the Lincoln Financial name, and a deferred annuity bought decades ago may have years of tax-deferred growth. The IRS generally taxes the taxable portion of a nonqualified annuity withdrawal as ordinary income, so timing can affect the federal tax rate. We can help you understand this.
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Protect the Bailey Exemption on Your State Pension
Did you retire from UNC Greensboro or another state or local government job? If so, North Carolina may exclude your pension from state income tax if you met the required vested status by August 12, 1989. For most qualifying retirement plans, that means at least five years of creditable service by that date. Also, North Carolina does not tax Social Security benefits, so taxable withdrawals from pretax accounts can have a larger effect on your state tax bill. We confirm your Bailey status before projecting your state taxes.
Compare Our Approach With Other Greensboro Financial Planners
Here are some of the ways Piedmont Capital Advisors compares with other financial planners in Greensboro:
A Personal Approach to Greensboro Retirement Planning
Every plan at Piedmont Capital Advisors starts with a CFP® professional who also holds the RICP® retirement income designation. Your first conversation is free, and we use it to pinpoint the one retirement decision you should tackle first.
Frequently Asked Questions
Do I have to drive to your office in Kernersville to work with you?
No. Many clients meet with us by phone, and we can handle most planning without an office visit. If you prefer to sit down in person, our Broad Street office is a short drive west on I-40 from Greensboro. We schedule appointments Monday through Friday, 9:00 AM to 5:00 PM.
Do you prepare my tax returns?
We build your tax strategy, and your CPA files your return. If you do not have a CPA, we can recommend one and, with your permission, share our projections with them. They will then have the numbers and context they need to prepare an accurate return.
Is there a minimum account size?
We have no account minimum, so you do not need to meet a certain savings level to work with us. That said, we’ll tell you plainly whether our services fit your needs after our first conversation. If another professional would serve you better, we will point you to someone we’ve vetted.
How often will we review my plan?
We meet with most clients once a quarter to once a year, depending on what changes in their lives. A year with a major decision, such as your first required minimum distribution, usually calls for more frequent check-ins. We also reach out between meetings when new tax laws affect your strategy.
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