We will work with you to better understand your assets and what they want those assets to do for you in the future. We look at the whole picture of your financial life, including debts, assets, expenses and income, to help clients determine what those goals should be.
If you don’t have as much saved as you should, there are ways to contribute more now to have enough later. Once you turn 50, the IRS allows you to increase the maximum annual contribution you can make to both your IRA and 401(k) accounts. This is called a “catch-up” contribution. The limits can change annually, so double-check how much you can add.
It can be tempting to chase higher returns, but those usually come with higher risk levels that you may not be able to tolerate at this stage.
It also wouldn’t hurt to start reducing expenses. At the very least, it’s good practice for when you get older and have a smaller income. The money you save from not being as extravagant can also go into investments.
Try to reduce any outstanding debts. If you have a mortgage, consider paying it off early to get that expense out of the way before you retire
The premiums you pay. The money you use to purchase a contract is called the “premium,” and annuities can accept either a single premium or a series of ongoing premiums.
When the company makes payments to you. Payments can start immediately or be deferred to a date of your choosing.
How the premium earns interest. Interest is either earned by a rate agreed upon in advance or by crediting interest based on an external market-based index like the S&P 500 index. The two main types are variable and fixed or fixed indexed annuities.
Penalties associated with early withdrawals. Although you can earn interest in an annuity, it is not a savings account. If you buy an annuity, it should be used to reach long-term goals. All annuities have surrender charges, so make sure your adviser helps you understand them.
One aspect of financial consulting that we provide is having a certified Social Security Advisor:
We will walk you through the process of filing for social security. We will answer the questions of where to file, when to file, how to file, and who you should file. We have invested in extremely technically advanced software that will allow us to give you those answers and will be able to calculate the difference of income for each possible scenario.
We can show you when is the best time to file, to maximize your benefit so you don’t miss out on money that you are entitled to!
We take great pride in our client satisfaction. Please see some of the many reviews and feedback we get from our wonderful client base.
There are many questions our clients have asked over the years and we love to hear from them, if you have any questions please look to your right or below to see if they may be answered already.
If not, please reach out to us as we would be more than happy to answer any question or concern you may have.
That’s the most important question to our team.
Our team needs to know where you are to help you get where you want to go.
There’s rarely one way to get from Point A to Point B. We provide the pros and cons for each scenario and helps you make a retirement income plan for your individual situation. Our team gives you the tools. It’s your job to make the decisions.
Everything leads up to this point. You have to execute on what you agreed on with our team or nothing happens. We will encourage you to follow through, stick to your retirement income plan, and keep making progress toward your goals.
Change is constant. As times evolve, so might your needs. Our team will work with you to update your retirement income plan as needed, to analyze new information, and to make sure you’re happy with your services and products.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. Any references to protection or lifetime income refer to fixed insurance products, never securities or investment products. Insurance and annuity products are backed by the financial strength and claims-paying ability of the issuing insurance company. 19644 – 2020/1/15
The information is not intended to be investment, legal or tax advice. The agent can provide information, but not advice related to social security benefits. The agent may be able to identify potential retirement income gaps and may introduce insurance products, such as an annuity, as a potential solution. For more information, contact the Social Security Administration office, or visit www.ssa.gov.
We’re standing by to listen to your dreams, to evaluate and create, or even reimagine a plan so you feel like you’re doing everything you can to reach the goals you deserve.