Retirement Income is the purpose for a majority of our assets. Different types of annuities can provide lifetime income, with new opportunities for growth before, during, and after the distribution phase.
Assets in a 401(K) or other company sponsored retirement plan are often the main source of income after working. Helping them grow and increasing the likelihood of an income we cannot out live requires planning and review. We encourage annual meetings to update and fine tune based on changing goals and attained ages.
Determining when in your retirement to begin distributions from Social Security is often a complex determination. We are prepared to assist in asset distribution planning as well as inclusion testing.
Individual Retirement Accounts are used by those without employer sponsored plans AND by those with a substantial account balance in their 401(K). Eventually it is up to the individual to allocate their accumulated funds to a vehicle for lifetime income distribution. A majority of our clients rollover a portion of the 401(K) into an IRA to essentially convert that portion of their 401(K) into a personal pension plan.
When tax free retirement distributions are desired, a non-qualified retirement design is often the answer. By incorporating this with your qualified employer plan, we can minimize taxes and maximize lifetime retirement income.
Do you find yourselves with a desire to help with your grandchild’s future college costs? Increase the amount of your estate for future generations? We have tools that can help preserve your lifestyle now and increase the amount of your family legacy.
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