Mayo Professionals: Retire with Clarity, Not Confusion

There's no universal "right" answer—it depends on your specific situation.

We model both options using your actual numbers: cash-flow needs, survivor benefits, interest-rate sensitivity, longevity assumptions, and taxes. Most Mayo professionals benefit from seeing both scenarios mapped out before deciding.

The decision impacts your spouse, your taxes, and your entire retirement income strategy. That's why we never recommend choosing in isolation.

Safety depends on plan provisions, funding status, and available protections outlined in your Summary Plan Description (SPD).

We review your SPD and statements with you, explain what protections apply to your situation, and build contingency plans into your retirement income strategy.

Understanding the real risks—not internet rumors—helps you make informed decisions about lump sum versus annuity options.

A direct rollover from a traditional 403(b) to a traditional IRA is generally not taxable. Roth 403(b) dollars can roll to a Roth IRA tax-free.

However, if funds are paid to you first (indirect rollover), mandatory 20% withholding applies, and you have 60 days to complete the rollover to avoid taxes and potential penalties.

We handle the paperwork and coordinate with custodians to ensure your rollover is executed properly, avoiding costly mistakes.

We create a tax-aware income plan using dividends/interest, systematic withdrawals, and a cash buffer—coordinated with pension/annuity decisions, Social Security timing, and required distributions.

Your "retirement paycheck" comes from multiple sources working together. We map out where each dollar comes from, when it arrives, and how it's taxed.

This approach provides predictable income while preserving flexibility for life changes and market conditions.

Healthcare costs can significantly impact your retirement budget.

We help you plan for these expenses by modeling healthcare costs into your retirement income strategy and, importantly, managing your income to minimize IRMAA (Income-Related Monthly Adjustment Amount) surcharges on Medicare premiums.

Through strategic income planning, we can often save retirees money each year in Medicare premiums by staying below IRMAA thresholds. We'll show you how timing of IRA withdrawals, Roth conversions, and capital gains can impact your Medicare costs.

It depends on longevity assumptions, spousal benefits, income needs, and taxes.

We run break-even analyses for claiming at 62, Full Retirement Age, and 70—showing cumulative lifetime benefits under different scenarios. For married couples, we model strategies like file-and-suspend or restricted applications if applicable.

The "optimal" claiming age often surprises people once we factor in taxes, Medicare premiums, and coordination with other income sources.

Yes—with proper planning and coordination.

Confidence comes from clarity. We help you understand exactly how your pension, 403(b)/457, Social Security, and healthcare fit together. No guesswork, no hoping for the best.

Then we review and adjust annually (and when life changes) so you stay on track. That's how Mayo professionals retire with confidence.