Retirement Consulting
Prepare your finances for retirement
You’ve climbed the summit and you’re getting ready to begin working your way down, which is another way to say, "You’ve done the saving and now you’re ready to start spending." Before you start your retirement, it’s important to consider everything you’ve been saving up for to ensure you make the most of your money and that you have enough for the road ahead.
How Tax Planning Changes Through Four Stages of Retirement
Don't be surprised by tax issues that arise in retirement due to things such as Social Security, Medicare, the Secure Act, dispersing your 401K or IRA, Required Minimum Distributions, and more. Learn strategies to make sure you are keeping more of your income and paying less in taxes.
Protecting your retirement assets
Your retirement savings holds the finances you’re going to be depending on for the rest of your life, and we want to make sure you get the most out of it. Some things we work to help you plan for include:
• Strategies for leaving assets to heirs
• Preserving your wealth accumulation
• Taxes
• Roth conversions
• Unexpected costs and changes
We want to help you strategize your retirement’s financial picture. Our goal is to keep you well-positioned for your later years and give you peace of mind.
Social Security Planning
A common question we get asked is, “When should I start taking my Social Security?”
There are many different options available, such as taking your Social Security as early as 62, waiting until your full retirement age, or even prolonging it to age 70.
It’s not always easy to determine when to start taking Social Security. We’ll take a look at your current situation and help you to decide when it will make the most sense for you.
Long-Term Care Insurance
Inquire about options that are available for you when you plan ahead for potential long-term care needs. There are insurance plans for instances where you know you will require long-term care. Planning for those needs will help you extend the longevity of your savings for the rest of your life.
Life Insurance
Life insurance policies are a great way to make the most of your money and ensure you have enough to cover your expenses as you work through this stage of “wealth de-cumulation.” We offer:
• Term Life Insurance policies
• Whole Life Insurance policies
• Universal Life Insurance policies
However, life insurance isn’t “one-size-fits-all.” Understanding your current situation and what your goals are for your retirement will help get you to the right plan.
Annuities
There are a variety of annuity options available and finding the best one for you will give you a good strategy for preserving your wealth throughout retirement.
Annuities are a great vehicle for creating guaranteed income for the rest of your life. Benefits include:
- Regular, recurring income
- Can be used for long-term care
- Can be set up so they’re in a tax-free environment
- They accumulate safe and secure growth
- A safe place for your retirement savings
