The Phelps Group

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The Phelps Group The Phelps Group, a private wealth advisory practice of Ameriprise Financial Services, LLC Regular meetings to review your goals, progress, and investments.

What you can expect when you work with us

Our purpose is to help you feel confident, connected and in control of your financial life. The right financial advice can help prepare you for whatever life brings – both the expected and the unexpected. When you work with us, you receive:
1:1 financial advice based on your goals and needs. Personalized recommendations for a diversified portfolio, and solutions to help protect you from uncertainty. Anytime access to your investments and digital tools to help you stay on track. Ready to learn more? Getting started is as easy as meeting for a complimentary initial consultation whenever it’s convenient for you. Please visit https://www.ameriprise.com/social for important rules and disclosures about how you and I can interact on social media.

A strong investment portfolio is important, but it cannot answer every question you may face in retirement.Once your pay...
10/16/2026

A strong investment portfolio is important, but it cannot answer every question you may face in retirement.

Once your paycheck stops, decisions about Social Security, retirement-account withdrawals, taxes, healthcare expenses, and everyday spending become increasingly interconnected. A withdrawal that provides income today, for example, may also affect your taxable income or Medicare premiums. And because markets, tax laws, family circumstances, and personal priorities can change, retirement planning should be an ongoing process, not a one-time calculation.

At The Phelps Group, we help individuals, families, business owners and retirees throughout the Greater Madison area consider how the different pieces of their financial lives work together.

In our latest article, Ronald Phelps explains why preparing for retirement requires looking beyond investment performance and coordinating your income, investments, and long-term goals.

Read more: https://bit.ly/4ioZH03

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Social Security may be one of your most important sources of retirement income, but deciding when to claim involves more...
10/15/2026

Social Security may be one of your most important sources of retirement income, but deciding when to claim involves more than selecting an age.

At The Phelps Group, we help clients consider how their claiming decision fits with their broader financial picture, including anticipated retirement expenses, other income sources, taxes, health, longevity, and benefits available to a spouse. Claiming earlier generally means receiving a reduced monthly benefit, while delaying may increase the benefit available later. The appropriate approach depends on each person’s circumstances and priorities.

Because a claiming decision may affect the income you receive throughout retirement, it deserves to be evaluated as part of a coordinated retirement strategy.

https://bit.ly/3Wb8wBX

Please join us in wishing Ron a very Happy Birthday! Your dedication to the team and your clients is second to none. We ...
10/14/2026

Please join us in wishing Ron a very Happy Birthday! Your dedication to the team and your clients is second to none. We appreciate everything you do and hope you have an amazing day celebrating!

Deciding when to claim Social Security is not simply a matter of choosing an age.Claiming earlier may provide income soo...
10/12/2026

Deciding when to claim Social Security is not simply a matter of choosing an age.

Claiming earlier may provide income sooner, but it generally results in a permanently smaller monthly benefit. Waiting may increase that benefit, yet delaying is not automatically the right decision for everyone. Your health, life expectancy, spouse’s benefits, other income sources, and plans for drawing from retirement accounts should all be considered.

Taxes also matter. Although Wisconsin does not tax Social Security benefits, a portion of those benefits may still be subject to federal income tax depending on your combined income.

Before filing, it is important to understand how Social Security fits within your broader retirement income strategy, not evaluate it as a stand-alone decision. A thoughtful claiming strategy can help your various sources of retirement income work together more effectively.

https://bit.ly/4ieHT7M

Many people spend years preparing to retire, but the transition into retirement often brings an entirely new set of fina...
09/30/2026

Many people spend years preparing to retire, but the transition into retirement often brings an entirely new set of financial questions. The first year can involve important decisions about retirement income, taxes, investments, healthcare expenses, and how your financial resources will support the lifestyle you've envisioned. Those decisions are often connected, which is why it's helpful to view them as part of a broader financial plan rather than in isolation.

At The Phelps Group, we believe retirement planning is about more than reaching a milestone; it's about helping you navigate what comes next. If retirement is on the horizon, taking time to understand these decisions today may help you feel better prepared for tomorrow.

Retirement income isn't simply about deciding how much money to withdraw each year. It also involves understanding where...
09/28/2026

Retirement income isn't simply about deciding how much money to withdraw each year. It also involves understanding where that income comes from and how different account types may affect your overall financial picture.

Traditional retirement accounts, Roth accounts, taxable investments, and Social Security each have different characteristics that can influence taxes and long-term income planning. Looking at these decisions together, rather than one at a time, may help create greater flexibility throughout retirement.

At The Phelps Group, we help individuals and families throughout the Greater Madison area understand how retirement income, investments, and tax planning considerations fit into a broader financial plan designed around their goals.

No two retirements are exactly alike. Someone retiring at age 55 may need their financial resources to last decades long...
09/25/2026

No two retirements are exactly alike. Someone retiring at age 55 may need their financial resources to last decades longer than someone who retires at 70. Some retirees dream of extensive travel, while others want to stay close to family, start a second chapter, or simply enjoy the flexibility they've worked hard to achieve.

That's why retirement planning is rarely about finding a one-size-fits-all solution; it's about building a plan that reflects your goals, timeline, and priorities.

At The Phelps Group, we take the time to understand what matters most to you so your retirement plan is built around your unique journey, not someone else's. Because the best retirement plan is the one that's designed for the life you want to live.

Retirement planning looks different for everyone. Some people are preparing to retire earlier than expected, while other...
09/23/2026

Retirement planning looks different for everyone. Some people are preparing to retire earlier than expected, while others are working a few extra years to pursue different goals. Some are business owners navigating the sale of a company, while others are professionals, couples, or individuals wondering whether they've saved enough to retire comfortably.

No matter where you are on that journey, your questions deserve thoughtful, personalized answers. Ron Phelps and Forrest Gilbertson work with individuals and families throughout the Greater Madison, WI area to help them navigate retirement planning with a comprehensive approach that considers investments, retirement income, taxes, and long-term financial goals.

https://bit.ly/4yRxNz8

A financial plan isn't something you create once and put on a shelf. Life changes. Markets change. Tax laws evolve. Your...
09/21/2026

A financial plan isn't something you create once and put on a shelf. Life changes. Markets change. Tax laws evolve. Your goals, family priorities, and retirement timeline may look very different today than they did five years ago. That's why many people benefit from reviewing their financial plan periodically to make sure it still reflects where they are; and where they want to go.

Ron Phelps and team work with individuals and families throughout the Greater Madison, WI area to help evaluate whether an existing financial plan continues to support their current goals and circumstances. Sometimes the best financial decision isn't starting over; it's making thoughtful adjustments that keep your plan moving in the right direction.

https://bit.ly/3TlvyoC

Many people use the terms financial planning and retirement planning interchangeably, but they aren't exactly the same. ...
09/18/2026

Many people use the terms financial planning and retirement planning interchangeably, but they aren't exactly the same. Comprehensive financial planning looks at your overall financial life: from saving and investing to insurance, estate planning, education funding, and major life goals.

Retirement planning is an important part of that bigger picture, focusing on how you'll transition from earning a paycheck to creating sustainable income that supports your lifestyle. At The Phelps Group, Ron Phelps and Forrest Gilbertson help individuals and families throughout the Greater Madison, WI area understand how retirement planning fits within a comprehensive financial plan. Because while retirement may be one of life's biggest milestones, it's also one piece of a much broader financial journey.

https://bit.ly/46wUyfS

Address

8215 Greenway Boulevard Ste 200
Middleton, WI
53562

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+16088414301

Website

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