INDIVIDUAL & BUSINESS RETIREMENT PLANNING

It is never too late to plan for retirement; however, the sooner planning starts, the more financially prepared you are likely to feel when the time arrives. Our team can help you develop a plan that delivers a secure and comfortable retirement and peace of mind during your pre-retirement years.

We offer specialized guidance and support in the areas of:

  • Think about your future when working becomes optional.  Whether you expect a typical full retirement or a career change to something different, determining an appropriate balance between spending and saving, both now and in the future is important. There are many options available for saving for retirement, and we can help you understand which option is best for you.

  • Reviewing expenses that will be, or are likely to be, incurred during your retirement and creating a plan to eliminate any shortfall between income and expenses

  • Identifying the primary sources of retirement income that you have or should have and calculate the savings required for you to retire at a specific age and achieve your desired lifestyle

  • Creating strategies for preserving and growing retirement account balances and distribution amounts.

  • Recommending a diverse range of tax-efficient financial tools — IRAs, 401(k)s, investments and tax-sheltered opportunities — that are best suited to your age and retirement time frame.

  • If you’re a business owner, this also means implementing and devising a “prudent process” to best manage your plan.  Additionally, perhaps a 401k plan is not the right plan if not utilized properly, at times, “SIMPLE” plans may prove much more cost effective and easier to manage while other times a “Cash Balance” plan may provide more tax deferrals – we explain not only the pros, but the cons or negatives as well.

  • We can act for your business 401k account as an ERISA 3(21) or 3(38) advisor as well as a 3(16) administrative fiduciary.  We can answer the questions is my employee eligible as well as run plan scenarios to visually see the best plan design.

  • With the passage of the Tax Jobs Act we have a number of ways to help plans determine if a Cash Balance Plan offering extensive tax deductions might be right for you under the new law.

  • Assistance with plan administration and fiduciary duties with training from fiduciary leader fi360 and certifications such as an Accredited Investment Fiduciary Analyst (AIFA®) and Pension Plan Consultant (PPC™)