SERVICES
Retirement Income Strategies
Wealth Accumulation
Asset
Protection
Estate Planning
Tax Planning
Retirement Planning
Charitable Planning
Insurance Planning
Your insurance professional and Investment Adviser Representative is not permitted to offer, and no statement contained herein shall constitute, tax, legal or investment advice.
To develop a financial strategy for your future, it’s important for your financial professional to see a complete, 360-degree view of your financial picture, including how your retirement assets are integrated and work with one another. Our financial strategies and asset management services use insurance products, such as annuities, to help you meet financial goals. We can work in concert with tax professionals or attorneys in your or our network to advise you on specific aspects of your financial strategy.
Retirement Income Strategies
Retirement income strategies are not just for the wealthy. As retirement nears, the traditional strategy has been to move growth-seeking products to more conservative, fixed-income products. According to a recent study, for a married couple age 65 there is now a 50 percent chance that at least one spouse will live to age 94.1 This means that you may need to plan for your retirement savings to potentially last 25 to 30 years.
One drawback to a longer life is the greater possibility of outliving your savings — creating all the more reason to develop a retirement income strategy designed to last a longer lifetime. Sixty-one percent of Americans surveyed said they were more afraid of outliving their assets than they were of dying.2
A significant loss in the years just prior to and/or just after you retire could negatively impact the level of income you receive over the course of your life. In fact, if a loss occurs earlier in life, there is also the chance that you may have more time to recover (versus a loss occurring later in retirement). Why? Simply because a smaller pool of assets is left to sustain you throughout your retirement years and your assets may not have as much time to recover.
Wealth Accumulation
You may be able to use time to your advantage when investing for wealth accumulation.
The longer you invest, the more potential your money has to compound interest. If your portfolio has not fully recovered from losses in recent years, you may wish to consider a more aggressive allocation to make up for lost ground and get back on track to accumulating wealth.
However, with fluctuations in the stock market, it is important to remember that more conservative retirement strategies typically have only a portion of the assets invested in the stock market. Allocations can be set aside for more conservative investments and/or secured* income contracts such as annuities. Annuities are long-term vehicles designed to generate supplemental income during retirement. They have minimum guarantees backed by the strength and claims-paying ability of the issuing insurance company. After all, the last thing you want to do is lose more ground during the next market correction.
* Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing carrier.
Asset Protection
Because the market does not provide security, you may want your financial strategies to include some guaranteed* income products. For example, annuities, which are insurance products with guarantees*, can provide a source of supplemental income throughout your retirement.
Twenty-first century asset protection calls for more than just strategic asset allocation. Including products like annuities in your retirement income strategy can help protect* your money from declines due to market losses.
Diversifying your retirement assets among a variety of vehicles — both through insurance products and investments depending on what is appropriate for your situation — may offer you the best chance of meeting your retirement income goals throughout your lifespan.
*Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Estate Planning
We can refer you to professionals to help meet your individual needs.
Estate planning is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and there may be unintended consequences for your loved ones.
While the concept is simple, the vehicles, planning and implementation process can be rather complex. Because of the estate tax laws and the emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.
Tax Planning
Retirement Planning
At some point, most of us will want to retire, meaning not working any longer for a wage. The keys to a successful retirement is to develop, implement, and monitor a plan to help you reach your goals.
There are many facets to a well-developed retirement plan, but the most important element is to begin saving as early as possible. You may not become wealthy, but you can develop a plan to provide a comfortable lifestyle when you decide “it’s time to quit.”
Your plan must include a well-thought-out investment plan. Our investment philosophy uses academic science to develop an investment portfolio that will carry you through the long term. We also serve as your “coach”, keeping you disciplined so that the news headlines don’t distract you from the long term.
To borrow a phrase from a well-respected book, we help you keep “your eyes on the prize.”
We also help you develop and implement appropriate retirement plan protection strategies so that all you worked for is not threatened by unexpected events.
Charitable Planning
Insurance Planning
For many people, insurance planning represents the foundation of a good financial plan. There are various types of insurance products that are critical to your plan:
- Life insurance
- Health insurance
- Disability income insurance
- Long-term care insurance
Each of these levels of protection help keep your plan on track. They may be needed for all or a part of your financial life. We are here to help you develop and as needed, implement an insurance plan specifically designed for your needs. We may also provide an independent assessment of your current insurance coverage and make appropriate recommendations to strengthen your program.
