ICG Frequently Asked Questions

General Financial Planning

What does a financial advisor do?

A financial advisor helps you make informed money decisions. This includes saving, investing, retirement planning, tax strategies, and managing risk so your financial plan supports your goals.

How do I know if I need a financial advisor?

If you're unsure whether you're saving enough, paying too much in taxes, or need a plan for retirement, a financial advisor can help guide your next steps.

What is the difference between a financial advisor and a wealth manager?

A financial advisor may focus just on investments. A wealth manager offers a comprehensive plan including investments, taxes, retirement income, estate strategies, and more. That’s what we do at ICG.

Are you fiduciaries?

Yes. We are fiduciaries, which means we are legally required to act in your best interest.

What happens in an introductory meeting with ICG?

It’s a simple, no-pressure conversation. We talk about your goals and financial picture and determine if our planning process is a good fit for you.

How often do we meet once I become a client?

We typically meet 1–2 times a year, but are available whenever you need us — especially when big life or financial changes come up.

How much money do I need to work with a financial advisor?

We work with a wide range of individuals, families, and business owners. If you’re serious about your financial future, we’re happy to talk.

Retirement Planning

What is tax-efficient retirement income planning?

It’s a strategy for taking money out of retirement accounts in a way that reduces the taxes you pay. Our software helps you get the most out of every dollar.

Can I roll my Roth 401(k) into a Roth IRA?

Yes, especially after leaving a job. This move can give you more investment control and fewer rules — but it's important to do it correctly to avoid taxes or penalties.

What’s the difference between a Roth IRA and Traditional IRA?

Roth IRA: Money grows tax-free and withdrawals are tax-free in retirement.
Traditional IRA: Contributions may be tax-deductible, but withdrawals are taxed. We help decide what’s best for you.

What are Required Minimum Distributions (RMDs)?

RMDs are mandatory withdrawals from traditional retirement accounts starting at a certain age (currently 73). Not taking them on time can lead to penalties. We help clients plan for this.

What’s the cost of not planning for retirement income?

Without a plan, you could pay more in taxes, run out of money early, or retire later than expected. A personalized income strategy helps you avoid those risks.

Social Security & Healthcare

When should I take Social Security?

The right time depends on your goals, income needs, health, and other assets. We help you weigh the trade-offs so you can make the best decision.

How does Medicare fit into my retirement plan?

Health care is a major cost in retirement. We guide clients through Medicare timing and coverage options to keep it integrated with your income strategy.

Tax & Investment Strategies

Do you offer investment management?

Yes. But unlike firms that stop at investments, we integrate tax strategies, retirement income planning, and risk management into every portfolio.

How do you help with taxes?

We aren’t tax preparers, but we develop tax-efficient strategies to reduce your lifetime tax bill. We collaborate with your CPA or refer one if needed.

Do you work with small business owners?

Yes. We help with business retirement plans, succession planning, and integrating personal and business wealth strategies.

Estate & Legacy Planning

Can you help with estate or legacy planning?

Yes. We help you structure your finances to pass on wealth efficiently and according to your wishes — in coordination with your estate attorney if needed.

What if I have concentrated stock positions?

We can create a plan to reduce risk over time using tax-efficient strategies while protecting your wealth.

Do you help with charitable giving strategies?

Absolutely. We help clients give intentionally — whether through donor-advised funds, qualified charitable distributions, or legacy gifts.