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Income & Tax Planning Solutions for Your Retirement

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Create an Optimized Income Plan

We specialize in creating personalized retirement income strategies.

Retirement Assessment

Reduce Lifetime Taxes

Tax-efficient withdrawals & ongoing tax planning to lower your lifetime taxes.

Retirement Assessment

Make Work Optional - Live Life with Confidence

Together we will build a plan to replace your paycheck & support your lifestyle with peace of mind.

Retirement Assessment

Fiduciary

We will give you advice that is in your best interest. We are specialists in retirement planning and retirement income planning.

Transparent Fees

Our fees are simple. There are no hidden fees. We do not sell products or make commissions.

CFP®, RICP® Professionals

We hold the Certified Financial Planner™ and Retirement Income Certified Professional™ credentials.

Our Three-Step Process

Assess

Data-driven analysis is the foundation for everything we do.

We work to understand all elements of your financial situation.

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Implement

Individualized strategies ensure that your values are always a priority.

We ensure that your plan is implemented, not just put on a shelf.

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Monitor

We monitor your plan, track your progress, and help you to adjust as life unfolds.

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Meet Our Team

Kaitlyn Clark

Executive Assistant

207-558-2138

Kaitlyn.Clark@northhavenfinancial.com

Michael Rauth MBA, CFP®, RICP®

Founder, Financial Planner

(207) 558-2138

mike@northhavenfinancial.com

Devon Rauth

Associate Financial Planner

207-558-2138

devon@northhavenfinancial.com

Case Studies

Pre-Retirement

Client Situation

Peter is an executive in his late 50’s, he and Heather married later in life and have two young children. While both Peter and Heather are still planning to work for at least a few years and are doing well financially, they realized they needed to take a closer look at their situation to be confident that they were taking the right steps to enjoy retirement while still making sure their kids would be taken care of.

Client Objectives

Peter and Heather were planning to move to a warmer climate when they retire but jumped on an opportunity ahead of their initial timeline. This meant quickly adapting their plan to ensure their short-term needs were met without putting their long-term goals of education funding and a comfortable retirement at risk.

What We Have Done So Far

Examine their current income and develop a savings plan that prioritizes their retirement and education needs for their children
Created a flexible withdrawal policy based on income from the end of their careers through retirement
Conducted an in-depth review of their insurance plans to determine if they had the appropriate levels of coverage & benefits for each other and their children
Facilitated wire transfers for the proceeds of their home sale and purchase
Performed a tax planning analysis to determine the best approach for Peter’s future deferred compensation payouts

At Retirement

Client Situation

Jane was planning to finish her career as an engineer for another two to three years, but shortly after becoming a client at North Haven Financial, her company offered an early retirement package, and she decided to take it.
Jane had done a good job saving for retirement, but this required quickly creating a plan to transition into retirement smoothly, as well as assuring that the plan could accommodate a few years of less income.

Client Objectives

Jane wanted to make sure that she could maintain a steady retirement income and growth to support future retirement goals and expenses.
One of her main goals was to remodel her home, and she planned to purchase a new vehicle sometime in the next 12-18 months.
Overall, however, her goal was to find ways to enjoy retirement and began working part-time with her daughter

What We Have Done So Far

Guided her through the retirement process of opening accounts, rolling over IRAs, and managing distributions
Conducted a deep dive on Janes's pre & post-retirement living expenses to predict what may change during retirement so we can work to help her manage & enjoy her savings
Discussed options and implemented a plan on how the severance payments she received could best benefit her plan
Rebalance her portfolio to better reflect her risk tolerance and appropriately weight her holdings.
Analyzed Jane’s options for claiming Social Security benefits to optimize them along with her other income sources.

Retired

Client Situation

Hannah and Natalie came to North Haven Financial after they had both retired from careers as federal employees. They had saved for retirement and had reliable pensions, but wanted the peace of mind that comes from working with a partner who has expertise.
They wanted to make sure that they could be confident in their situation and focus their spending on experiences as they did not have heirs or legacy goals.

Client Objectives

Hannah and Natalie had just moved into a new house and realized they would need to make some larger improvements than they anticipated, which became their first priority. Longer term, they knew they wanted to enjoy their early retirement years as much as they could, and had goals of annual trips both nationally and internationally,

What We Have Done So Far

Implement a stable income strategy to cover up-front renovation expenses, and provide stability for their plan while delaying Social Security. Delaying Social Security meant they could maximize their benefit in the long run.
Developed an ongoing tax planning strategy, including a penalty-free partial rollover of an old annuity, to increase long-term flexibility and reduce costs
Implemented an ongoing tax planning strategy to reduce lifetime taxes while increasing the balances in their tax-free Roth accounts
Reviewed their estate plan and helped revise their beneficiaries to fit their end-of-life goals

Disclaimer
The above examples are representative of an actual client, we cannot use their real name or picture due to privacy concerns. Information provided is for educational purposes only and does not constitute investment, legal or tax advice. Please contact us for more complete information based on your personal circumstances and to obtain individual investment advice.