Helping You Achieve a Financially Secure Retirement
Planning
It all starts with proper planning. Having a thorough understanding of your unique financial situation allows us to take a more holistic approach. If you're still working and contributing to a 401(k) or similar employer-based plan, it should be working in unison with your other accounts.
Did you know that if you are age 59.5, you have the option to withdraw your 401(k) savings and invest in an IRA/annuity without penalty? And you can continue to contribute new money to the 401(k) plan and receive your employer's matching contribution. Each plan is different and restrictions may apply. We can help you ascertain the answers.
Have you considered the impact of rising health care costs on your retirement portfolio?
What's your approach to utilizing a Health Savings Account and its unique triple tax advantages? How do you anticipate covering the potential costs of an extended long-term care event not covered by Medicare?
Should you take Social Security benefits early at age 62, wait till your Full Retirement Age, or defer to age 70? Have you considered adding another source of guaranteed income, like Social Security, that can act as a stabilizing factor during stock market downturns?
Are you planning smart?
Principal and Income Protection
Retirement Income Assurance™
How much of your retirement nest egg have you protected against the potential of stock market losses? Market declines seem to happen at the worst times and can last for years. Do you have an adequate income stream that can withstand a prolonged bear market and not negatively affect your lifestyle or exhaust your principal? Are you trying to "time the market"?
Retirement Income Assurance™ strategies work as a foundational component to a well-diversified wealth management plan. These strategies are designed to protect your principal against market losses. Your money earns interest based on the performance of a market index, like the S&P 500. Then your gains are locked in, protected against market losses.
Rollovers
We get it
Are you considering rolling over a 401(k), IRA, or a lump-sum pension plan distribution? You may want greater control, flexibility, or the additional benefits of an annuity for your assets. We have a deep knowledge of retirement plans and extensive experience executing rollovers. In our early years we sold and installed retirement plans to small and mid-size businesses.
Today, our focus is strictly on plan participants, that is, individuals just like you.
Over the years, Fidelity Investments, Prudential Insurance, Wells Fargo Bank, and others have dominated the large plan marketplace. However, when it comes to helping the individual plan participants with retirement planning issues or providing guidance, there is much room for improvement.
The Process
It all starts with a PlanSmart consultation.
Good financial guidance requires a thorough understanding of your unique situation. Like a good coach, architect, or symphony director who needs to understand the capabilities and limitations of their supporting cast to maximize results.
The six-steps are fundamental and the key to our holistic approach.
We do not want to control all of your assets; that is not our objective. We do need to know what those assets are currently doing and how they might best be utilized.
Six-Step Process
PlanSmart consultation
It all begins with understanding your goals.
Gather Data
Identify current assets and liabilities.
Analyze Data
This is when our work begins.
Develop Plan
We will identify opportunities for improvement.
Present Overview
Broad asset class/type of allocation recommendation made.
Implementation
Follow through, now you start the process of implementing the plan.
