One of our biggest fears in retirement is running out of money. But we also want and deserve to have the most quality retirement experience possible, which requires enough spendable income to meet our desires. It is essential to have a well-designed income plan with a unique balance of risk, rate of return, and tax efficiency depending on your specific situation. During our working years, we don’t have total control of where our income comes from. For most of us, it comes from our employer or profits from our business. In retirement, we can draw income from specific types of accounts, in the correct amounts, allowing for maximum rate of return, lowering risk, and reducing overall taxation. A well-designed income plan can help increase the longevity of the portfolio, allowing for increased spendable income.
We believe a sound financial plan is the foundation to investors’ success.
Our team of experienced advisors works with you in clearly defining your goals, properly analyzing your current financial assets, then building an actionable long-term plan to help you toward a desirable outcome.
We also work closely with your existing tax and legal counsel, working together with the common goal of supporting you.
Fixed index annuities (FIAs) are offered by many insurance carriers and have become very popular over the last 20 years. This type of annuity provides potential growth, with protection of principle from market downturns. The annuities allow for potential interest to be credited based in part on the performance of specific indices, such as the S&P 500, Dow Jones, Nasdaq, etc. As the selected index, or group of indices, increases, the account value increases. As the index decreases, the account value remains the same.