Retirement Planning
Accumulating assets for retirement is NOT an adequate retirement plan. Consider the analogy of climbing a mountain: most people focus on reaching the summit. However, the most treacherous part of the trek is going down the mountain. When someone makes the decision to climb the mountain, they must recognize that it is a continuous journey – and pack everything they will need to make it back down before they set off.
The same holds true for designing a retirement plan: it must take into consideration the distribution of assets in retirement. Taxes and fees will reduce the net income you receive if the distribution of your assets is not carefully planned. Many financial planners are not schooled in retirement distribution planning, so while their plans may look good on paper, they fail to produce the promised results.
Maximizing Income/Reducing Taxes
At Senior Financial Life, we understand the pitfalls of inadequate retirement distribution planning. Our areas of expertise include:
- Retirement Accounts
- Investments
- Life Insurance
- Life Settlements
We will advise you on solutions that will keep your assets safe from government taxation and long-term care providers, helping to ensure:
- Guaranteed lifetime income in a more tax-efficient manner than Required Minimum Distributions (RMDs).
- Protection from market losses.
- Protection from the cost of long-term care.
Our financial planner specializes in helping you maximize income, reduce taxation, and ensure your legacy for the next generation.