Retirement Planning in Palm Beach County
Retirement should feel like a finish line, not a cliff edge. But for a lot of people approaching retirement in Palm Beach County, the months before and after leaving work feel surprisingly uncertain — even when they’ve done everything right.
The questions I hear most often aren’t about the stock market. They’re deeper than that. ‘Do I have enough?’ ‘When should I take Social Security?’ ‘What happens if one of us needs long-term care?’ ‘How do I turn a portfolio into income I can actually count on?’
At Lyons Resources, retirement income planning is one of the most important things I do — because getting it right determines the quality of the next thirty years of your life.
What Retirement Planning at Lyons Resources Includes
- Retirement income analysis — how much you need, where it comes from, and how long it lasts
- Social Security timing strategy — when you claim can change your income for life
- Tax-efficient withdrawal sequencing — which accounts to draw from first, and in what order
- Investment strategy aligned with retirement income needs, not just growth
- Long-term care risk assessment and planning
- Medicare coordination — enrollment timing, supplement vs. Advantage decisions
- Estate and legacy planning, including our Family Love Letter process
A Note on Florida Retirement Planning
Retiring in Palm Beach County comes with real financial advantages — no state income tax, favorable estate laws, and a lifestyle that draws retirees from across the country for good reason. It also comes with real costs: healthcare, property insurance, and the overall Palm Beach standard of living are all higher than the national average.
A retirement plan built for this community needs to account for both sides of that equation. That’s exactly what I build for clients here.
If you’re within ten years of retirement and don’t yet have a clear income plan, that’s the first conversation to have.
Common Questions About Retirement Planning
It depends on your health, other income sources, and whether you’re still working. Claiming before full retirement age permanently reduces your benefit, while waiting past it increases it. The Social Security Administration (ssa.gov) outlines the general rules, and we help you apply them to your specific timeline.
There’s no single number — it depends on your expected expenses, healthcare costs, housing, and lifestyle in this area specifically. We build a retirement income plan around your actual numbers rather than a national rule of thumb.
It’s a plan that turns savings into reliable income — deciding what to draw down, when, and from which accounts, in a way that manages taxes and helps your money last.
It depends on your current tax bracket versus your expected bracket in retirement, and how a conversion affects Medicare premiums and other factors. We walk through the math with you and your CPA before recommending anything.
Medicare enrollment timing and supplemental coverage choices affect both your healthcare costs and, in some cases, your taxes. We help you understand how it fits alongside your income plan — see Medicare.gov for official enrollment rules.
That’s a core part of retirement planning — converting savings into a reliable income stream, coordinated with Social Security timing.
Yes. Planning pricing is built around complexity, not account minimums.
Related reading: When Should I Take Social Security? · Qualified charitable distributions (QCDs) · What long-term care actually costs
How Planning Is Priced
Investment management is billed on a progressive schedule — the more you have managed, the lower the rate on the additional amount:
| Portion of managed assets | Annual rate |
|---|---|
| First $1,000,000 | 1.00% |
| Next $1,000,000 (to $2MM) | 0.75% |
| Above $2,000,000 | 0.50% |
Financial planning is priced separately, by complexity — not folded into a flat number. As the assets we manage together grow, the planning fee declines, and it disappears once we manage $1 million or more.
| Assets managed | Core | Core Plus | Advanced | Advanced Plus |
|---|---|---|---|---|
| Under $500K | $150/mo | $300/mo | $450/mo | $600/mo |
| $500K–$750K | $75/mo | $150/mo | $300/mo | $450/mo |
| $750K–$1MM | Included | $75/mo | $150/mo | $300/mo |
| $1MM+ | Included | Included | Included | Included |
Core — Straightforward planning needs. Annual review meeting. Covers retirement income and Social Security timing, cash flow and budgeting, beneficiary and titling review, and a portfolio/risk tolerance check-in. Fits one household with one income source and no business or trust complexity.
Core Plus — Broader planning across several areas. Two review meetings a year. Adds life and long-term care insurance analysis, large purchase and financing analysis, RMD and withdrawal strategy, and education funding. Fits households juggling several goals at once.
Advanced — Complex decisions needing deeper analysis and coordination. Quarterly check-ins. Adds equity compensation planning, business cash flow and compensation planning, Roth conversion analysis, and active coordination with your CPA and attorney. Fits business owners and those with multiple accounts or entities.
Advanced Plus — Highly complex personal, family, or business-owner planning. Priority scheduling and ongoing access. Adds business exit and succession guidance, generational transfer and charitable planning, and full-team coordination through a major life transition. Fits a business sale, multi-generational planning, or navigating loss, inheritance, or divorce.
Common Questions About How Planning Is Priced
By complexity, using four levels — Core, Core Plus, Advanced, and Advanced Plus. Your level is based on how much ongoing work your situation requires, not a fixed menu.
Yes. It declines as the assets we manage together grow, and reaches $0 once we manage $1 million or more.
No — it’s billed separately, on its own progressive schedule, so additional assets are charged at a lower rate as they grow.
Yes. As your situation gets simpler or more complex, we adjust the level together.
Yes, these are two distinct, transparently priced parts of the relationship.