Retirement Planning
Enjoying a financially secure retirement will not happen by chance.
Planning for retirement requires answering some key questions:
- How do you envision your lifestyle in retirement?
- What percentage of your current income level will you require in your retirement years?
- How will you fund your retirement?
- What is the best way to invest your retirement savings?
- When will you begin receiving Social Security checks?
- How much will you pay in income taxes?
- How would your spouse’s retirement income be affected if you die?
- Who will be financially dependent on you in your retirement years (parents, children)?
- How is your income protected from long-term care costs?
- How can you prepare for the unexpected?
Unfortunately, many people give very little thought to how they will fund their retirement. They hope that their 401(k) plan and Social Security will be sufficient. It is not unrealistic to expect to live 30 years in retirement. Do you know how much you will have to save each month during your working life so that you don’t outlive your assets?
Our Approach
We set retirement planning within the context of total wealth management. Our detailed analysis of your unique situation involves calculating how much income you will need annually during retirement based on your required standard of living and estimated inflation rates. Some costs, such as health-care-related expenditures, have been increasing much faster than the overall inflation rate. Planning for the unexpected is an achievable goal. We help you devise a comprehensive plan, which when implemented and carefully monitored helps to ensure your future security and peace of mind. Our approach to investing your savings is to construct a diversified portfolio, which will help to increase your financial security during retirement.There is a confusing array of retirement saving vehicles available. The alternatives include Pension and Profit Sharing plans, SIMPLE Retirement plans, SEPs, IRAs, Roth IRAs, Keogh plans, Tax Deferred Annuities and 401(k) plans. We assist you by providing answers to such questions as:
For Employers and Owners - Retirement Plan Services
- Which type of plan will allow me to maximize benefits to employees without placing an unmanageable cash restraint on my business?
- Which employees must be covered in the plan and when are they vested?
- What is the maximum annual deductible contribution for my business? By what date must the contribution be funded? Is a contribution required every year?
- How easy is it to administer a plan? Is an annual tax return required?
- What are the consequences of a plan where contributions are allocated in proportion to some multiple of compensation and age or years of service?
For Employees and Self Employed Individuals
- What is the tax benefit of my contribution? What amount am I eligible to contribute this year?
- What is the tax benefit of my contribution? What amount am I eligible to contribute this year?
- What is the impact of an employer provided plan on an employee IRA contribution?
For Individuals Receiving Distributions
- At what age may I withdraw funds without penalty? What happens if contributions are withdrawn prior to retirement? Under what circumstances are withdrawals allowed without penalty?
- What are the advantages and disadvantages of rolling the distribution into an IRA?
- What strategies are available to delay distribution as long as possible so that my money is working for me and my family?
Our Aim
You deserve to retire with dignity and financial peace of mind. We do not take for granted our role of trusted advisor, but earn your confidence by vigilantly guarding your interests.
Retirement Plan Services
It is time for a retirement check-up!
Give us a call at 847-888-8600.
