Think "ReHirement," Not Retirement.

We call the point in time when you have enough in savings to fund your living expenses through projected mortality Critical Stewardship Mass.

Note that it is not a net worth goal. Nor is it a goal to live on 90% or 80% or 75% of your highest income earning years for the rest of your life, as is so commonly heard in financial advice.

Instead, it’s a realistic goal to convert enough of your earnings and assets into savings that will meet your living expenses until you die. We calculate that number based on what you project your living expenses will be once you decide to retire.

And along the way of helping our clients reach Critical Stewardship Mass, we are helping them re-think their lives in terms of “ReHirement,” not retirement.

Once they have enough in savings to live on, all clients have gifts, talents, experience, and so much more to give to their family, friends, communities, young professionals or executives or in their fields, charities or other non-profit interests, and so forth. The opportunities to serve and give are virtually endless in a world where needs are endless.

Our planning process helps clients discover the deeper reasons and motivations why they want more wealth, success, net worth, possessions, or savings that far exceed what they need to live on until death.

In the process, they discover the ineffable value of relationships and discover their deeper selves and deeper meaning in life. In other words, we help them discover the inestimable value of relationships.

And in the process, we help our clients discover why they become so anxious and fearful over their perceived lack of money, security, wealth, or whatever it is they think will give them peace of mind about the future. We help them cultivate realistic perspectives and goals, and then develop practical plans to reach their goals.

To put it in a nutshell, we have the great privilege of helping our clients discover the joy of valuing their relationships with their loved ones, with their neighbors and communities, with themselves, and with the world of things more than they value the “things” themselves — that is, more than money, wealth, safety, security, acquiring, possessing, net worth, profit, you name it.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

Sixteen Threats to Your Retirement

Ancient wisdom tells us that a prudent steward sees danger and takes refuge, but the unwise ignore it and suffer for it.

Seeing potential dangers and taking refuge is at the heart of effective risk management and mitigation. At BRS, we are passionate about helping our clients avoid unnecessary risks.

We apply help our clients avoid:

Unnecessary taxes on:

1.  Capital gains

2.  Estate

3.  Gifts

4.  Income

Unnecessary market risk from:

1.  Debt crisis

2.  Global events

3.  Natural disasters

4.  Recession/Depression

Unexpected, premature life events due to the four deadly “Ds”:

1.  Divorce

2.  Disability

3.  Disease

4.  Death

Unnecessary asset class risk to creditors and predators creating:

1.  Judgments

2.  Lawsuits

3.  Louse spouses

4.  Unprotected assets

We work with our clients and very often with their other advisors and consultants, such as their tax attorneys or accountants, their insurance agents and financial advisors, to help ensure that all risks have been assessed, reviewed, and mitigated to the maximum extent possible.

We call this kind of comprehensive, integrated planning the “Ultimate Dress Rehearsal.” Watch this video to understand more about it:

 


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

Managing the Threats That Could Affect Your Retirement

We integrate risk management assessment into a comprehensive life stewardship plan.

Two of the central tenets of our planning process are diversified construction of each client’s savings portfolio with risk management.

We believe that thinking and acting for the long-term is absolutely essential, and it is at the heart of our client service and savings portfolio stewardship process.

We expend considerable energy and time with our clients to help them transform their anxieties and fears into trust-driven behaviors and decision-making with their investments and savings. If we can help them think long term in their goals and develop the discipline of utilizing “time arbitrage” and wise risk management to their advantage, we believe we have served our clients well.

 

Our planning process and the software we use encompasses all of this. To see more, watch this video:

 

With a constant focus on risk management integrated with life stewardship goals, we consistently help our clients balance shifting short-term fears with longer-term needs and objectives. This helps our clients develop the discipline to stay on track and committed to their plans.

Clients who practice BRS’s planning fundamentals find that they have greater success in reaching their goals than those who act on their emotions or make frequent changes based on current events of the day and shifting tides in the markets.

We help our clients consistently integrate risk management with their planning goals. We have designed a savings, investment, and risk management approach that allows our clients to focus and leverage on the long-term, without allowing volatility and the inevitable drops and rises in the markets to interfere with our clients’ decision-making processes.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

How the Tax Control Savings Plan Works

It may seem counter-intuitive that a generous steward must be a wise, prudent saver.

But it’s not.

What we often find with our clients is that the ones who give the most usually have savings that are growing and multiplying.

And when our clients hear and begin utilizing our Tax Control Savings Plan, or TCSP, they discover a new motivation for saving and giving.

The starting point of understanding the TCSP is that there are three basic ways savings are treated for tax purposes:

1.   Money goes into savings before paying taxes (i.e., pre-tax), thus saving tax dollars, and grows tax deferred. When it comes out, it is taxed at ordinary income tax rates.

2.   Money goes into savings after paying taxes (i.e., after-tax), and is currently taxable as ordinary income (dividends, interest, short term capital gains) or at more favorable capital gains rates for long term capital gains.

3.   Money goes into savings after paying taxes (i.e., after-tax), grows tax-deferred or tax-free, and when it comes out it is tax-advantaged (i.e., generally not subject to any taxes, provided the distributions are handled properly and there are no gains inside any of the assets, such as municipal bonds). The savings vehicles available in this bucket are relatively few: Roth IRA, Roth 401(k), Roth 403(b), municipal bonds, and cash value life insurance.

BRS’s Tax Control Savings Plan helps our clients develop a finely tuned and refined method of enhancing the safety, efficiency, and control of their savings. This in turn allows them to be more secure in their present giving and more generous in their plans for giving in the future.

This correlation between saving and giving is liberating for our clients. Whereas before they may have been bound by fears of not having enough in savings for the future, they are now able to do their “giving while they’re living so they are knowing where it’s going,” as Ron Blue famously says.

And the BRS Tax Control Savings Plan is how they arrive at this happy place in their stewardship journey.

Here’s how.

Most of our clients understand the power of pre-tax savings using a defined contribution 401(k) plan with company match, an IRA, defined benefit plan, or other qualified plan governed by ERISA and the Internal Revenue Code. Most of our clients have savings in one or more of these these kinds of qualified plans.

Every dollar that goes into the plan saves you taxes, right? So if you are in the 30% tax bracket, you save 30 cents. If you are at 40%, then 40 cents. And if you company provides a match, that’s free money. So take it.

Many of our clients have most of their wealth in IRAs or a 401(k) plan.

When they retire and begin taking money out, it will be taxed at their marginal tax rate. This works well if the rate is low, but it’s risky if rates are higher. Most Americans believe that tax rates will most likely increase. Take a look at the graphic below and tell us what you think.

If tax rates increase in the future because the government needs more revenues to pay down the trillions of dollars of debt it is in, then your pre-tax savings could get wiped out fast.

That’s why our TCSP is so important and helpful. It’s a diversified savings methodology that helps you be able to adjust to future economic and tax rate changes.

Second, you will want to have savings in what we call the “after-tax, currently taxable” bucket.

These are things like stocks, bonds, mutual funds, money market, certificates of deposit, other interest bearing accounts, and pass through dividends from business you may own. The savings go into this bucket after you have paid taxes on them or after you have inherited non-qualified assets. As they grow you are taxed at ordinary income tax rates on the dividends, interest, and short term capital gains. Long term capital gains are taxed at lower capital gains tax rates.

Many of our clients are highly successful doctors, entrepreneurs, and business owners who have most of their wealth and savings tied up in their practices or business ventures. This gives rise to the need for wise succession planning that we help our clients implement.

Planning for a liquidity event from the sale of a practice or business is important. And thinking through the grid of the TCSP helps our clients make sound decisions regarding how best to avoid unnecessary taxes and allocate the after tax savings to the before tax, currently taxable, or tax advantaged buckets.

Third and finally, in order to diversify your savings and provide a hedge against a high tax rate environment, you will want to have savings in a tax-free bucket. Money saved here and withdrawn properly generally comes out tax free.

You will want to start this as early as possible. Or you can help your children and grandchildren jump start their tax free savings. The savings vehicles available in this bucket are the Roth IRA, Roth 401(k), Roth 403(b), municipal bonds, and cash value life insurance.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

The Relationally-Driven Life Stewardship Process

This graphic depicts our planning process. It’s a comprehensive and fully integrated planning process. We expend considerable effort, energy, and time gathering and then analyzing all facts pertinent to your planning and goals. It’s integrated with your business or profession, with your age and the ages of your children, with your values and objectives.

We help you think about estate planning integrated with financial planning. We help you think about managing potential risks of loss associated with unnecessary taxes (whether estate, gift, income, or capitals gains), premature death or disability, unwise market risk, non-exempt asset classes, and inappropriate company or corporate structures that risk the loss of limited liability.

Point A represents when you have your first dollar to save. This is the first goal. It’s the starting point in the marathon to financial freedom, to becoming a generous steward and leaving a lasting legacy.

Point B is the goal, the end line of the marathon: ReHirementCritical Stewardship Mass. It’s the point in time when you have converted enough earnings and gifts into savings sufficient to fund your living expenses through death. We calculate this number for you at regular, annual intervals along the way of your planning marathon.  

Point C represents death. It’s what we call retirement. The final rest, the end of our labors as stewards. We view life as a gift to be stewarded faithfully. And we view death, although it is both alien to the original intent of being human and an enemy that has been defeated, also as something to be stewarded. What our clients discover through applying our trust-driven process is that there is meaning both to life and death. That they can impact the future through their legacy of faithful stewardship. Hope and peace are fruits of our process and perspective.

We call the phase of time from Point A to Point B the “stewardship savings phase.” We help our clients manage the safety, efficiency, and control of the process of converting their earnings and gifts to savings.

The period of time from Point B to Point C is the “stewardship distribution phase.” During this time period, we help our clients manage the safety, efficiency, and control of the process of converting their savings into spending on living expenses and joyful giving.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First