We are Financial Professionals
At Seven Baskets Full FInancial, we provide reliable, personalized financial guidance that prioritizes our clients’ long-term security and peace of mind. We specialize in safe, stable investment strategies and retirement planning solutions that align with each client’s unique goals and values.
We are committed to building lasting relationships based on trust, transparency, and education—empowering every client to make confident financial decisions without unnecessary risk. Your priorities are our priorities, and your financial well-being is our purpose.
Simplify Your Retirement Plan
Stop feeling overwhelmed! Your Retirement Game Plan will help you simplify your financial plan and give you peace of mind throughout your retirement years.
9 Things to Consider as you Approach Retirement
- Define your desired retirement lifestyle: travel, hobbies, volunteering, part-time work.
- Determine your target retirement age.
- Set a financial independence goal (how much you need to retire comfortably).
- Identify non-financial goals: personal fulfillment, family involvement, legacy.
- Break retirement into phases: early active years, mid-retirement, and late retirement.
- Calculate baseline monthly/annual living expenses.
- Estimate discretionary spending (vacations, hobbies, gifts).
- Adjust for inflation—use 2–3% annually as a baseline.
- Include contingencies: home repairs, caregiving, emergencies.
- Identify essential vs. non-essential expenses.
- Know your Full Retirement Age (FRA).
- Analyze benefits of claiming at 62, FRA, and age 70.
- Coordinate spousal and survivor benefits for couples.
- Factor in taxation on Social Security.
- Consider longevity, health, and cash flow needs in timing decisions.
- Evaluate rollover to IRA for greater investment flexibility.
- Understand direct vs. indirect rollovers.
- Avoid early withdrawal penalties and mandatory withholding.
- Explore Roth conversion opportunities.
- Check for plan-specific fees or proprietary investment products.
- Adjust risk exposure: more bonds, fewer equities as retirement nears.
- Consider “bucket strategy”: near-term cash, mid-term income, long-term growth.
- Rebalance portfolio annually.
- Include guaranteed income products (e.g., annuities) if suitable.
- Diversify across asset classes and tax treatments.
- Strategically withdraw from taxable, tax-deferred, and Roth accounts.
- Consider Roth conversions in low-income years.
- Use Qualified Charitable Distributions (QCDs) from IRAs.
- Harvest tax losses or gains in taxable accounts.
- Evaluate state income tax on retirement income.
- Choose low-fee index funds and ETFs.
- Review all investment-related fees annually.
- Consider fee-only financial advisors.
- Consolidate accounts to streamline and reduce redundancy.
- Monitor fund expense ratios and advisory fees.
- Enroll in Medicare at age 65: Parts A, B, D, and consider C or Medigap.
- Estimate out-of-pocket healthcare costs in retirement.
- Consider long-term care insurance or self-insuring.
- Fund and use Health Savings Accounts (HSAs) if eligible.
- Plan for rising healthcare expenses in later years.
- Draft and update your will and power of attorney documents.
- Create advance healthcare directives/living wills.
- Use beneficiary designations strategically.
- Explore trusts to manage complex or large estates.
- Consider digital estate planning: passwords, online accounts, digital assets.
Our Services
Our mission is to work closely with our clients to design financial strategies that provide confidence and clarity while also helping to protect their future. Using customized plans that are created through a true partnership, we empower our clients to weather the inevitable challenges that our complex financial world presents.
Depending on your unique retirement goals, one of our insurance solutions may strike the right balance between risk aversion and reliable income.
Your Social Security benefit represents years of savings and hard work, which is why we work to help ensure you understand how it fits your retirement strategy. We think it’s important for you to be educated so you head into retirement with a strategy on how you will rely on your benefits.
We pride ourselves on providing retirement strategies to Richmond, Indiana and the surrounding communities. We take a look at your unique mix of assets and integrate those aspects into a coordinated retirement income plan.
One part of building your retirement is estimating your tax liability and developing a strategy to help minimize how much you pay. We recommend customizing your retirement to utilize to take into account taxation.
Seven Baskets Full Financial does not offer tax planning services.
Enhanced planning is one key element of any retirement strategy and helps ensure that you leave a legacy of family harmony, regardless of the size of your estate. Whether your priorities are preserving assets for future use or transferring your wealth to beneficiaries, we can help you build a plan that fits your needs and seeks to help maintain family harmony after you’re gone.
At Seven Baskets Full Financial, we help you turn your savings into a steady, tax-efficient income stream through all three phases: accumulation, distribution, and preservation.
Let’s make your retirement strategy smarter and more efficient.
Color of Money Risk Analysis
If you’re like most people, reviewing your retirement strategy means a quick look at your financial statements before deciding that you’re OK with where you’re at.
But what if you could quickly do a deeper analysis that may help you adjust your financial strategy in a way that has you looking toward the future with increased confidence and excitement?
The Color of Money Risk Analysis does exactly that. This short, interactive self-assessment may help you better understand your financial picture and provide a roadmap to your overall risk preferences.
We Believe in Giving Back
At Seven Baskets Full, giving back is at the heart of everything we do. Guided by a faith-inspired commitment to generosity, we donate 1/7 of our earnings to charitable causes that resonate with our founders’ values and passions. From supporting local communities to funding global initiatives, each contribution reflects our belief that business should be a force for good. By sharing a portion of what we earn, we strive to make a meaningful difference in the lives of others and inspire a culture of compassion and purpose. Examples include:
