Planning is key

Our comprehensive planning approach begins with understanding how longevity will affect health and wealth planning. Once these are known, we can design a plan to accumulate wealth and provide income throughout retirement. 
 

Proper income planning is crucial and differs significantly from accumulation planning. It ensures that you have enough money to meet your financial obligations and lifestyle goals, which paves the way for a comfortable and enjoyable retirement. This planning is essential for everyone who wants to make the most of their golden years and have the freedom to live life on their terms.

Insurance isn't just a necessary evil like many of us have often thought, but it can become an important planning tool. Tax-free income is one of the many benefits of correctly designed insurance products. Insurance can also play a vital role in legacy planning.

Investing in the stock market is a great way to achieve your financial goals regarding growth and income. However, it is crucial to understand that considerable risks are also associated with stock market investments. Working with a professional investment advisor who can help you manage and appropriately balance the risks and rewards of market investments is highly recommended to mitigate these risks.

Tax planning is a crucial task that a financial advisor can assist with. An effectively designed plan will help you organize your accounts tax-efficiently, which is vital during the accounts' growth and income phases. Naturally, you want to retain as much of the money you've earned as possible, and that's why tax planning is so important.

Have you considered how you want your accumulated money distributed and to whom? Making these decisions as early as possible is advisable, as it will benefit everyone involved and enable a tax-advantaged transfer. Additionally, we can explore ways to create an estate over the remainder of your lifespan.

Employer-provided retirement accounts can make up a significant portion of your retirement savings and require careful management to align with your retirement goals. These accounts are subject to total taxation, so planning and minimizing long-term tax implications is essential to help you avoid a significant tax burden when mandatory distributions begin at the age of 72.

Many situations call for advanced planning and a more specialized approach to dealing with these sometimes tricky scenarios. We also work with a team of accountants and estate planning attorneys who can help you navigate complicated tax or estate planning situations.