Retirement Income Planning

Social Security will typically only replace about 25-35% of your income depending when you take it.

Can you afford to take a 60-70% cut in pay throughout your retirement years?

If you are like most people that have saved and invested over the years, the last thing you will want to do is deplete your savings to supplement your retirement years. Our solutions can help maintain your income through retirement, without having to drain your life savings.

The best time to address retirement income is while you still have choices. A careful conversation today can help make retirement years feel less like a gamble and more like the dependable financial support your retirement deserves.

FOR GENERAL INFORMATION

Timing is Everything

We provide the professional planning and the expert guidance across the various age groups, typically the 10 years prior to retiring and the 10 years following retiring, that is necessary to plan your retirement years to provide the financial resources to continue the lifestyle you and your family are accustomed to.

Traditional IRA/401/403,/TSA/TSP to Roth Conversions made easy
What age to take Social Security
Where to take IRS Required Minimum Distributions from
How to supplement your monthly income without depleting savings
Plan creation to receive tax-free monthly income for the rest of your life!
Long Term Health Care Planning

The Right Solutions Eliminate the Guesswork!

Roth Conversions

Many people do not realize they may be sitting on a tax time bomb when they enter retirement. Currently, at age 73, an individual with a traditional IRA must begin withdrawing annually from this account whether they need or want the money or not. The problem occurs when forced distributions may move you into a higher tax bracket which may also affect Social Security payments and Medicare premiums.

We start by identifying expected income for the year, including wages, pension income, Social Security, interest, dividends, capital gains, rental income, business income, and required distributions. We test the conversion amount against Medicare premium thresholds, Social Security taxation, and any state income tax exposure to be sure a Roth conversion would be a benefit to you.

A Roth conversion moves money from a pre-tax account such as a traditional IRA, into a Roth IRA which can be valuable for creating tax-free income, along with a wealth transfer plan where beneficiaries may receive tax-free distributions. This one planning tool can have a dramatic effect in your retirement years financially.

Long-Term Health Care Planning

Many people forget to include this crucial step in planning and are not aware most Health Insurance and Medicare Plans may not offer the financial assistance needed. Furthermore, if you needed extended care beyond the 100 days that Medicare or your Health Insurance may pay for, you may not have the proper planning needed in order to protect your assets.

The average cost of a Nursing Facility today is over $10,000./ per month. Medicare generally does not pay for long-term custodial nursing-home care, which is why this expense can become a major retirement planning issue, and must be addressed prior to one needing care. Medicaid will generally only offer financial assistance once you have "spent-down" your own assets to their approved minimums.

No one knows what our future health will look like until it happens, therefore, to protect your and your family's financial plans, Long Term Care (LTC) Planning utilizes various strategies to include Traditional LTC Insurance or the preferred multi-bucket investment approach that gives you a money-back guarantee if you never need Long Term Care Services providing much more flexibility not having to pay expensive insurance premiums!