Retirement Planning

Creating Financial Freedom!

PEOPLE DON’T PLAN TO FAIL, THEY FAIL TO PLAN.

We are not sure if you are you’re already retired, close to it, or just getting started in your career, but it’s never too early to start thinking about retirement planning. Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, retirement is right around the corner. Then, for many it’s too late unfortunately.

Some of the benefits of starting your retirement planning now instead of later include:

Having a plan in place which will provide long-term security for your family’s future.
Time is on your side to make important financial decisions without being rushed.
Selection and explanation of different retirement plans outlined below:
A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible.
A Roth IRA is a tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free.
A Payroll Deduction IRA plan is set up by an employer. Employees make contributions by payroll deduction to an IRA (Traditional or a Roth IRA) they establish with a financial institution.
A SEP is a Simplified Employee Pension plan set up by an employer. Contributions are made by the employer directly to an IRA set up for each employee.
A SIMPLE IRA plan is a Savings Incentive Match Plan for Employees set up by an employer. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions, and the employer makes matching or nonelective contributions.
A SARSEP – the Salary Reduction Simplified Employee Pension Plan – is a type of SEP set up by an employer before 1997 that includes a salary reduction arrangement

The key to successful retirement planning is an understanding your current financial situation and shortfalls of your current plan, if any, and projecting future needs and modifying that plan to make sure it happens. If you’ve already started saving for retirement, how do you know you’re saving enough to live the comfortable lifestyle you deserve? Are your income expectations realistic? Are you sure you have your money in the right retirement plan for you? Do you know how much you don’t know? How to make an informed decision what needs to be changed?

OUR RETIREMENT PLANNING SERVICES

Tax rules regarding retirement plans are complex. Each of the plans above has specific requirements as outlined by the IRS and not every plan can be used by everyone. For example, contributions limits vary by the type of plan, your income, and your age. Some plans may require withdrawals at a certain age, while others have no age limit. Some withdrawals are taxed at retirement, whereas others are tax free. You’ll need to understand the tax implications of your retirement planning choices.

That’s why it’s best to use a financial professional like us. When you use our retirement planning services, you benefit from our in-depth knowledge and expertise.

Here’s what we do for you:

Evaluate your current financial situation, including your income statements, balance sheets and statement of cash flows to accurately evaluate your entire position.
Analyze the data to create the budget that correspond to your circumstance.
Figure out which retirement plan works best for you and your family, how much you need to contribute now to make sure you have enough money to live comfortably after you retire and not run out the funds to support your lifestyle.
Run the calculations and different scenarios to achieve the goals you want to achieve.
Review your individual Social Security account to determine when to begin taking your social security benefits.
Adding everything together and simplifying for you by developing a comprehensive retirement plan.
Performing at least an annual review of the plan with you to evaluate it and make changes if necessary.

START PLANNING YOUR FINANCIAL FUTURE NOW

If you’re ready to start planning for your retirement years, give us a call. Again, back to that statement above about the planning. Don’t wait any longer. We’ll help you make sure your retirement years are nothing but smooth sailing ahead.

Contact us today for more information.

Why Choose Us

Your financial future, our top priority

We understand that every individual and business has unique financial goals and needs, which is why we offer customized solutions tailored to your specific circumstances

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Creating Financial Freedom!