Retirement planning requires a holistic approach encompassing tax management, asset location, and comprehensive decumulation strategies. Moreover, studies have shown that taxes have the most significant impact on investors' financial outcomes, so tax management is imperative in financial planning. Leveraging technology solutions allows advisors to provide better service to their clients and helps them navigate the complexities of retirement planning.
In this episode, David talks with Jack Sharry, EVP and Chief Growth Officer at LifeYield. He contributes to numerous industry boards, publications, and organizations, advocating for practices and technology that advance wider access to financial advice, better investor outcomes, and individual retirement security.
Jack and David talk about the importance of tax management in retirement planning and how advisors can deliver alpha and tax-efficient investing and withdrawals for their clients. Jack also shares how LifeYield helps advisors optimize asset location, minimize taxes, and create retirement income strategies.
In this episode:
- [01:31] - Jack's journey into wealth management
- [05:04] - WealthTech on Deck
- [08:52] - The impact of taxes on financial outcomes
- [10:34] - How LifeYield delivers better financial outcomes
- [17:03] - How firms are finding ways to deliver better outcomes
- [21:29] - Advisors' success rate in achieving tax alpha
- [27:45] - Authentic and Ethical Persuasion
- [30:43] - Be more interested than interesting
- [31:31] - Jack's interest outside of work
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