5 STEPS to Retirement

  1. Set up a Plan
    1. Without a roadmap/blueprint, you cannot get to where you want to go.
    2. For a full financial plan, it will take 10-15 hours of time to craft an extensive customized solution for YOU.
    3. Pricing ranges from $500-$20,000
  2. Take Longevity Risk off the table
    1. In a recent study, over 80% of people surveyed said they are happier with a set income. Not worrying about living too long and running out of money.
    2. This is not a one size fits all approach.
    3. Some examples of ways to satisfy:
      1. Social Security (identify ways to maximize)
      2. Pension
      3. Fixed or a guaranteed retirement income annuity (also can be increasing)
  3. Expect the Unexpected
    1. Long Term care planning is often overlooked and can DERAIL the PLAN
    2. This is NOT covered by Medicare. Only available via Medicaid
    3. Consider an LTC policy, or life/annuity with a RIDER
  4. Protect Savings from Inflation
    1. With increasing costs, everything from Medicare to housing will be more expensive
      1. Set aside additional funds because EVERYDAY is Saturday in retirement
      2. Investments in REITS, Mutual Funds, ETF’s, STOCKS, BONDS all can add to your ability to overcome costs
        1. My charge for managing assets depends on how much you have available. I charge LESS than industry average at 1% for assets up to $500k.
  5. SECURE act changes the way we consider our beneficiaries:
    1. Based on the new IRA rules from the SECURE act, using an IRA is not the best asset to transfer to someone other than a spouse
    2. Charitable giving can reduce your tax liability
    3. Life Insurance policy is the most efficient option