Wealth Management & Retirement Planning

You've worked hard for your Wealth, now what?

We help ours clients by providing a sound plan designed around their financial objective. Whether your goal is to Accumulate Additional Wealth, Preserve Wealth or Distribute Wealth, we can help. As your objective changes, so will your planning, and we will be there to support and provide solutions for you along the way. 

If your goal is Retirement Planning, then this deals with accumulating sufficient assets to pay lifestyle expenses during retirement years. We will assist in determining what you will need to save in today's dollars and the appropriate financial vehicles to use, based on your risk tolerance, time horizon and retirement income goal. 

How about Retirement Distribution? We find that successful retirees have a plan for unexpected challenges. While planning for retirement is different for everyone, successful retirees share common traits. They saved diligently (when they could). They diversified their investments (when it made sense). They stayed the course (even when times were uncertain).

Successful retirees also tend to have another thing in common: a guaranteed flow of retirement income. Without a guaranteed “paycheck”, retirees may leave themselves open to a number of financial risks including:

  1. Life expectancy  
  2. Inflation  
  3. Market uncertainty 
  4. Withdrawal rate  
  5. Health care costs 
  6. Make retirement savings last a lifetime
 With the help of our team we will assess what risks you may be facing in retirement and propose solutions such as the use of retirement income products as well as insurance and investment solutions to minimize your risk in retirement.

Retirement Planning:

Working with a financial planner early to build your retirement adds peace of mind to your life. I can work with you to explore your options including annuities that will continue to provide you income for the rest of your life.  Knowing that you’ll receive guaranteed income that you can never outlive will allow you to spend more confidently in retirement. That kind of certainty can help turn a good retirement into a great retirement.

First I work with you to determine your retirement goals, how much income you will need to meet them, and when you will need it -- now or later. Next I will review with you different types of annuities that can help you meet your retirement income needs. Finally after helping you consider premium payment options, when you will need your income, and any additional features that can be utilized, I help you  choose the type of annuity that best meets your goals.

Common types of annuities include

Lifetime Income Annuity (Dividend Eligible and Non-Dividend Eligible)
A lifetime income annuity provides you with a worry free stream of guaranteed income during retirement, starting now and lasting for life. There are commonly two versions of lifetime income annuities—a dividend eligible and a non-dividend eligible product. Each offers a solid foundation of lifetime guaranteed income. The non-dividend eligible version offers a higher initial guaranteed income amount. The dividend eligible version offers guaranteed income along with the opportunity for more income through dividends. So, while dividends are not guaranteed, these policies have the potential to provide more total income than non-dividend eligible lifetime income annuities over time

Fixed Period Income Annuity

Guaranteed income now, for a specified period of time. A fixed period income annuity provides a guaranteed income stream for a period of time that is not subject to market ups and down

Deferred Income Annuity (Dividend Eligible and Non-Dividend Eligible)

A deferred income annuity is similar to a lifetime income annuity. It provides you with a worry free stream of income during retirement, starting later and lasting for life. There are commonly  two versions of deferred income annuities — a dividend eligible and a non-dividend eligible product. Each generates a stream of income for as long as you live. The non-dividend eligible version offers a higher initial guaranteed income amount. The dividend eligible version offers guaranteed income along with the opportunity for more income through dividends. So, while dividends are not guaranteed, these policies have the potential to provide more total income than non-dividend eligible deferred income annuities over time.

Fixed Annuities with Lifetime Income

A fixed annuity with lifetime income offers a unique combination of income, flexibility, and security. A fixed annuity with lifetime income gives you income for life without forfeiting your sense of safety or the flexibility to adapt when plans change. It can allow you to build income and grow assets, while remaining in control of your money.

To Schedule a Complimentary Consultation Call 386.275.1322 or click here.
 

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