With thousands of baby boomers retiring every day, some of the top questions on their minds are, “How can I generate an income to last for the rest of my life?” and “How do I protect myself from longevity risk?” We provide solutions and answers to these common questions. Our retirees feel more confident in knowing their income will last for the rest of their lives.
You’ve spent the last 40 years, or longer, in the accumulation phase of planning your retirement. Now it’s time to switch gears and focus on the preservation of your retirement assets. But it doesn’t mean that growth has to stop. In fact, that’s one of the ways we help our clients the most: by helping them receive a reasonable rate of return throughout their retirement years. The difference is we do it without stock market volatility!
Warren Buffett’s No. 1 rule to investing is to never lose money. He also has a second rule, and that is to never forget Rule No. 1!
We focus on helping our clients make asset protection and preservation their top priority. Many people underestimate the devastation of losses to their portfolio due to market declines and don’t realize how difficult it can be to rebuild an account.
Did you know that a loss of 25% requires a positive return of almost 34% to get back to even? A 50% loss of your retirement account means you have to double your money (receive a 100% return) to be whole again. Think about it. If you have $100,000 and lose 50%, you’re left with $50,000. Now you have the seemingly insurmountable task of going from $50,000 back to your original deposit of $100,000, a return of 100%. How long do you think that will take? Two years? Five years? Ten years or more? What if you experience additional losses in the process of trying to get back to even? What if you’re drawing income from this account? What kind of impact will that have?
We believe that the best way to make a dollar is to keep it. Retirement is a critical period, and most retirees simply don’t have the time to recoup losses in their portfolios. Let us show you how we help our clients achieve a reasonable rate of return without ever subjecting their retirement accounts to stock market loss.
It is an important part of every retirement plan to have an estate strategy to help protect your legacy. We work with skilled attorneys who have expertise in living wills, trusts, powers of attorney, and other estate planning documents to make sure your legacy is transferred to whom you want when you want them to receive it.
With over 100 different options for how and when to take Social Security benefits, many retirees wonder about the best strategy. We help by maximizing Social Security with in-depth analysis of your individual situation to determine when to take your benefits and how to file. Understanding how your Social Security income is taxed is also a priority for many retirees. Our experience with benefits helps us teach you how to increase income and reduce taxes.
Does life insurance even make sense at this stage of life? We believe there isn’t a more efficient way to transfer wealth and plan a legacy than with life insurance. It takes pennies on the dollar to add this tax-free death benefit to surviving spouses and loved ones.
Long-term care insurance helps protect you from heavy financial burdens if you or your spouse is unable to perform standard acts of daily living (i.e., walking, using the bathroom unaided, bathing, etc.). The last thing you should have to worry about in a long-term health crisis is the financial cost. We provide comprehensive reviews of your current long-term care insurance and provide options for hybrid products that include both long-term care protection and wealth preservation.