The average retiree in the US will not be able to last through retirement on savings alone.1 Additionally, three in four Americans remain highly anxious about their overall retirement outlook.2
We use a variety of investment products to help you build financial strategies. From tax-efficient strategies to investment advice to protecting some of your assets — we’ll cover as many bases as possible to help you create a strategy that supports your retirement lifestyle and long-term financial goals.
Once we understand your financial situation, risk tolerance and investment objectives, we can help you decide which types of products and services fit within your financial strategy.
1.Retirees Worldwide Will Outlive Their Savings by a Decade – and Women Will Fare Worse. https://www.weforum.org/press/2019/06/retirees-worldwide-will-outlive-their-savings-by-a-decade-and-women-will-fare-worse/
2.Amid Political Division, Americans United in Retirement Worry. https://www.nirsonline.org/2021/02/amid-political-division-americans-united-in-retirement-worry/
Will I have enough?
Life expectancy in the United States continues to climb.1 While that’s great news, one drawback to a longer life is the greater possibility of outliving your savings. In fact, 49% of Americans Fear Running Out of Money in Retirement2
1 Living Longer: Historical and Projected Life Expectancy in the United States, 1960 to 2060: https://www.census.gov/content/dam/Census/library/
- Leave the money where it is
- Take the cash (and pay income taxes and perhaps a 10 percent additional federal tax if you are younger than age 59½)
- Transfer the money to another employer plan (if the new plan allows)
- Roll the money over into an IRA
Who will take care of you if you are unable to care for yourself?
What will your legacy be?
IRA accounts have become one of the largest types of assets inherited by loved ones. Recently tax laws have changed reducing your ability to stretch these assets over the lifetime of your heirs. As with most things in life, there is often more than one option or solution.
These accounts combined with your other assets should be carefully planned when leaving to loved ones or charities. We certainly do not want to harm our loved ones by leaving too much at once and we certainly don’t want to pay unnecessary taxes either.
We can help you evaluate your financial situation to determine if legacy planning could help you, and we can work with attorneys and tax professionals to help you meet your goal of structuring a long-lasting inheritance for your loved ones and charities
An annuity is a contract you purchase from an insurance company. For the premium you pay, you receive certain fixed and/or variable interest crediting options able to compound tax deferred until withdrawn. When you are ready to receive income distributions, this vehicle offers a variety of guaranteed payout options — some even for life.
1 The National Institute on Retirement Security. “Retirement Security 2015: Roadmap for Policy Makers – Americans’ Views of the Retirement Crisis.” March 2015. https://www.aarp.org/retirement/planning-for-retirement/info-2019/retirees-fear-losing-money.html