Question 1

My IRA is becoming my paycheck; what does Tolleson Wealth Management do as a wealth advisor?

Accepted Answer

Tolleson Wealth Management is a wealth advisor focused on helping people turn accumulated savings into retirement spending that can adjust as markets move. The conversation can include your IRA, workplace accounts, pension choices, Social Security timing, tax questions and the money you want available each month. Its stated approach is flexible spending: set a starting amount, then raise or trim it when the facts warrant a change.

Question 2

I have $650K split between a 401(k) and an IRA; am I eligible to work with the firm?

Accepted Answer

The stated minimum is $500K in investable assets. Tolleson Wealth Management serves people around the country, with most conversations held by screen-share video call or phone. Investable assets generally means money available to be managed or invested, but the treatment of a particular account should be confirmed before you assume it counts toward the minimum.

Question 3

How is Tolleson Wealth Management paid after I move retirement accounts?

Accepted Answer

How Tolleson Wealth Management is paid is explained in writing before any account moves. Read that material closely and ask what services it covers, when charges apply, and whether a change to your accounts could create other costs or taxes. A fee is only one part of the decision; selling holdings, leaving an employer plan, or changing account types can have separate consequences.

Question 4

After I retire at 67, what choices do I still make myself?

Accepted Answer

You keep control of the decisions that belong to you, including how much you spend, when you claim Social Security, whether to sell a holding, and what family or charitable priorities matter. Tolleson Wealth Management can discuss the trade-offs and show the effect of a choice on monthly withdrawals. You should also keep your tax preparer and attorney involved where their work is needed.

Question 5

My 401(k) statement lists a custodian; where would my money be held?

Accepted Answer

A statement usually identifies the institution that holds an account and produces its records. Client money is commonly held by a custodian, while a wealth advisor may provide advice or manage investments under the account arrangement. Public information supplied for this page does not identify where Tolleson Wealth Management client accounts are held, so ask about the custodian for your specific account before moving anything.

Question 6

How often will I receive reports if I am taking $4K monthly from my accounts?

Accepted Answer

The reporting schedule is not published here, so it should be discussed before you rely on a particular cadence. Ask to see what the reports show: account values, deposits and withdrawals, holdings, fees, and progress against the spending amount. An annual meeting is also a useful time to revisit whether $4K monthly still fits your cash needs, taxes and market conditions.

Question 7

My wife and adult daughter may need to help later; can they join discussions about our will and accounts?

Accepted Answer

They can join a conversation if you want them there, and you decide what account or family information they may receive. Estate documents, such as a will, trust or power of attorney, are legal work for your attorney. Tolleson Wealth Management can discuss how those papers may affect account titling or beneficiary choices, but your attorney should draft or revise the legal language.

Question 8

My Form 1099-R arrived in January; what tax work stays with my preparer?

Accepted Answer

Your tax preparer remains responsible for preparing and filing your return and for advice on your particular tax position. Tolleson Wealth Management can help organize questions around distributions, withholding, Roth conversions, charitable gifts or investment sales, then coordinate information with your preparer when appropriate. Bring the 1099-R, your latest return, and any pension or Social Security statements so the discussion starts with the actual income numbers.

Question 9

I am 66 with a pension option and Social Security available; should I claim now?

Accepted Answer

There is no universal claiming age; your pension choices, health, cash need, spouse’s benefits and other income all matter. For people born in 1960 or later, full retirement age is 67. Tolleson Wealth Management can compare a few claiming dates with the pension payment options and your withdrawal need, while making clear that Social Security and pension rules should be verified with the relevant provider.

Question 10

What does Tolleson Wealth Management do if a market drop hits after I start withdrawals?

Accepted Answer

Tolleson Wealth Management’s flexible-spending approach is meant to revisit withdrawals when markets fall, rather than treat one fixed spending number as permanent. The firm can discuss whether cash reserves, planned expenses and the withdrawal amount need attention; it cannot stop markets from falling or promise a recovery date. Investment accounts can lose value, including amounts you originally put in, so a lower balance may call for hard spending choices.

Question 11

What happens if I inherit my sister’s IRA or move to be near my grandchildren?

Accepted Answer

A job change, inheritance or move can change the paperwork, tax questions and cash needs around your accounts. Tolleson Wealth Management can discuss the new facts and revisit the spending playbook, but inherited-account deadlines and state tax treatment need verification before action. Keep the inherited IRA statement, death-date information if available, beneficiary paperwork and any employer benefit details together before deciding what to withdraw or move.

Question 12

Are office visits available by appointment, and how quickly are messages answered?

Accepted Answer

Office visits are by appointment, and the firm’s office is in Columbus, Ohio. A published response-time commitment is not available, so do not assume a same-day answer for a time-sensitive trade, tax deadline or benefit election. Put the deadline and the account involved in your message, then use the website form to ask how the conversation will be handled.

Question 13

I am 58 and expect to retire in 12 years; what should I do before spending begins?

Accepted Answer

Twelve years can be enough time to test the spending picture before it becomes urgent. Tolleson Wealth Management can help you list expected retirement income, account balances and major costs, then compare them with the savings needed. For illustration, $500K today plus $25K annually for 12 years equals $800K before any investment gains or losses. That arithmetic does not predict what the account will be worth.

Question 14

I have $900K and need about $4K a month after retiring; how could a flexible withdrawal amount work?

Accepted Answer

$4K monthly equals $48K annually, which is about 5.3 percent of a hypothetical $900K portfolio. Tolleson Wealth Management would frame that as a starting point to examine alongside Social Security, pension income, taxes and cash reserves, not as a permanent promise. If a market decline or a large expense changes the picture, the spending amount may be trimmed; a stronger balance may support a later increase.

Tolleson Wealth Management FAQ for retirement questions

Common questions