Our main objective is helping you accomplish your evolving investment aspirations and goals in today’s complex investment marketplace. The recommendations you receive are tailored to you and factor your risk tolerance, desired returns, time frame, and income specifications.<\/p>
Asset allocation is a management process that combines various asset classes (stocks, bonds, mutual funds, and more) into a portfolio. Asset maximization<\/em> is a related strategy that layers in additional considerations, including lifetime after-tax income and the tax implications of generational wealth. \u00a0Our confidence in this process, combined with our objective-driven management, make us a fit for those investing for retirement income. We\u2019re also adept at focusing your assets to create a source of retirement income with moderate volatility and appropriate growth goals.<\/p> Advisors who are fiduciaries have an obligation to utilize products that are in your best interest. Therefore, we develop your personalized asset allocation model based on individual risk tolerance, objectives and financial needs. Using a disciplined investment philosophy and rigorous risk management, we focus on creating a portfolio to meet your individual goals.<\/p> Diversification and asset allocation does not assure or guarantee better performance and cannot eliminate the risk of investment loss. Before investing, you should carefully read the applicable volatility disclosure for each of the underlying funds, which can be found in the current prospectus.<\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Determining your current and future tax liability and developing a strategy that minimizes how much you pay during retirement is one part of building a retirement strategy. Taxes can impact your legacy and the assets you\u2019ll be able to transfer to your heirs and beneficiaries. We recommend taking steps to help ensure that you\u2019re taking advantage of any possible tax minimization strategies to help maintain the retirement you\u2019ve worked hard to build.<\/p> Utilizing the skills of certified public accountants can be important to your finances. Such a team can help monitor tax law changes specific to your retirement strategy and provide different tax minimization strategy options.<\/p> Retirement Solutions Group\u00a0does not offer tax planning services.<\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t If you\u2019re like many retirees, your Social Security benefit represents years of savings and hard work and may be the foundation upon which you plan to build and grow your retirement income. Though most Americans have some basic familiarity and knowledge on the topic, far less are able to determine \u2014 on their own \u2014 the optimal way to file so they can maximize their benefit and carefully integrate it into the rest of their retirement strategy.<\/p> At Retirement\u00a0Solutions<\/em>\u00a0Group we help our valued clients develop an understanding of their Social Security benefit, and both educate and inform them on the optimal time to start accepting their benefit. According to the\u00a0Social Security Administration<\/a>1<\/sup>, delaying your benefit may potentially increase your benefit amount by as much as 8% per year.<\/p> There is a lot to know about Social Security, and it is important for you to be educated so you head into retirement with a strategy on how you will rely on your benefits. Our firm is committed to helping you get the most you can out of your benefit, so you can take one step closer toward the comfortable and enjoyable retirement you\u2019ve been working so hard for!<\/p> We have put together an informative brochure that helps answer the following questions:<\/p> Please contact us to generate a Social Security Maximization Report!<\/p> 1<\/sup>https:\/\/www.ssa.gov\/planners\/retire\/1943-delay.html<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Proper legacy planning and preservation is a cornerstone of any successful retirement plan and helps ensure that your wishes will be respected and your loved ones are taken care of. Legacy Planning is a multifaceted process that can be used for a variety of purposes, from helping to preserve your assets for future use to transferring your wealth.<\/p> From the conservation of your assets to the transfer of them, comprehensive legacy planning helps ensure that the management of your assets will be dictated by your wishes throughout your life and may provide a variety of benefits to you and your family. When they are executed and implemented properly, legacy plans may help reduce family disputes and court bureaucracy, provide effective disability planning, appropriately utilize exemptions to minimize estate taxes, and provide certain asset protection benefits to beneficiaries.<\/p> There are many strategies and tools that can be utilized to help safeguard your wealth and make sure it is effectively transferred. A variety of legal documents, such as wills, revocable living trusts, powers of attorney and advanced medical documents, are beneficial to the legacy planning process.<\/p> Legacy planning requires a coordinated and comprehensive approach that our firm is uniquely positioned to provide. We can help outfit your legacy plan with the insurance products it needs to protect you and your family. Although some people view life insurance as a way to replace lost income or pay off debt after a loved one passes, it also offers other potential benefits that may make it a valuable tool to help accomplish different financial goals in retirement.<\/p> First, life insurance may provide some degree of comfort for the policyholder (the insured) because their loved ones (the beneficiaries) will receive a death benefit when they pass away. Additionally, life insurance can be a tool for small business owners to help protect their business if something should happen to them.<\/p> In addition to a death benefit, life insurance is one of a few products that may help you reduce or avoid certain taxes. Some of these benefits may include:<\/p> Death benefits<\/strong><\/p> Tax-free exchanges<\/strong><\/p> Policy cash values<\/strong><\/p> We\u2019re able to shop dozens of insurance carriers to find rates and products that fit your specific needs and goals. That means we\u2019re not relegated to simply one line of products or one brand name like a captive agent. In addition, we offer complimentary reviews on your existing life insurance contracts.<\/p> Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.\u00a0 Policy loans and withdrawals will reduce available cash values and death benefits and may cause the policy to lapse or affect any guarantees against lapse.\u00a0 Additional premium payments may be required to keep the policy in force.\u00a0 In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax.\u00a0 Withdrawals are generally income tax-fee, unless the withdrawal amount exceeds the amount of premium paid.\u00a0 Policy loans are not usually subject to income tax unless the policy is classified as a modified endowment contract (MEC) under IRC Section 7702A.\u00a0 However, withdrawals or partial surrenders from a non-MEC policy are subject to income tax to the extent that the amount distributed exceeds the owner\u2019s cost basis in the policy.\u00a0 Tax laws are subject to change.\u00a0 Clients should consult their tax professional.\u00a0 Keep in mind that most life insurance policies require health underwriting and, in some cases, financial underwriting<\/i><\/small><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t While there is no shortage of things to prepare for in retirement, it\u2019s critical to also address your health needs and concerns by crafting a comprehensive health care strategy. There are various ways to accomplish this, with Medicare being the most important for many Americans.<\/p> Medicare generally provides health insurance for most people age 65 and older, and others who have received Social Security disability benefits for at least 24 months, have end-stage renal disease or have amyotrophic lateral sclerosis (also known as Lou Gehrig\u2019s disease). Medicare is similar to Social Security, since it is a federal program that you have paid into throughout your career. Just like Social Security, you want to maximize this benefit in retirement.<\/p> Medicare is split into four parts:<\/p> Many people with Part A do not pay a premium because they have already paid enough into the system. As with Social Security, a certain portion from each one of your paychecks is deducted to pay for Medicare. When you\u2019ve had Medicare tax withheld from you or your spouse\u2019s pay for at least 40 calendar quarters, then you may be eligible for free Part A coverage.<\/p> The monthly premium associated with Part B is set according to income level, although most people will pay a standard monthly premium amount and a small yearly deductible. Parts C and D are provided via private insurance companies so the monthly premiums of these policies depend on the extent of their coverage and can vary between companies.<\/p> Disclosure: We are not affiliated with, or endorsed by, the Social Security Administration or any other government agency.<\/p> Source:\u00a0https:\/\/www.medicare.gov\/your-medicare-costs<\/a> *We do not offer every plan available in your area. Currently we represent 6 organizations which offer 305 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Plan (SHIP) to get information on all of your options.<\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Income planning for retirement can be daunting because there\u2019s a lot to learn and for many people the information is new. Whether you\u2019re just beginning your retirement journey or it\u2019s already underway, you may be skeptical about whether you\u2019ll have enough retirement income to maintain your preferred lifestyle.<\/p> There are three major phases in managing retirement income:<\/p> Preparing for retirement may require a shift in mindset and knowing the difference between retirement\u00a0savings<\/em>\u00a0and retirement\u00a0income<\/em>. Prior to retirement, your financial life was dictated by your paycheck. Once you retire, however, you can no longer rely on a paycheck, which means you must find other sources of income. You\u2019ve worked hard to save for retirement and now it\u2019s time to create additional income from what you\u2019ve saved. Although it can be a challenge, it\u2019s also a great opportunity to grow your money beyond what you\u2019ve saved \u2014 and that\u2019s usually made easier by enlisting the help of a financial services professional.<\/p> We\u2019ll work with you to uncover various opportunities and concerns of each phase. Additionally, we\u2019ll walk you through:<\/p> Because taxes play a major role in any retirement income planning process, we utilize tax advantaged vehicles to help accomplish your retirement income goals, such as traditional IRAs, Roth IRAs, 401(k)s, and IRA rollovers.<\/p> While the numerous options for your retirement savings may seem overwhelming, all of us at Retirement Solutions Group are here to help you make sense of it all.<\/p> We do not provide legal or tax advice and you should consult an attorney or tax advisor for such advice.<\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Long-term care refers to medical and support services for those who have difficulty in executing routine daily functions, or those individuals with prolonged or\u00a0degenerative illnesses, cognitive disorders, old age and or other conditions. Nursing homes are probably what come to mind first when discussing long-term care, but long-term care can also include assisted-living facilities, continuing-care retirement communities and home healthcare, among others.\u00a0<\/p> One reason long-term care planning warrants more consideration today than in decades past is because we\u2019re living longer lives. According to the\u00a0U.S. Department of Health and Human Services<\/a>, most people turning age 65 can expect to use some form of\u00a0long-term care\u00a0during their lives.\u00a0Not having a plan can mean that costs fall on younger family members, causing a financial strain; or on a retired spouse, leading him or her to potentially deplete their own retirement savings.\u00a0<\/p> As the baby boomer generation ages and the demand for long-term care increases, new methods of paying for long-term care have surfaced. In addition, individuals may look for assistance from life insurance and annuity policies that may include features that provide enhanced benefits if the policy owner becomes impaired (subject to certain requirements).<\/p> Since dramatic changes in our health can surface quickly and without much warning, it can be beneficial to have a plan to be able to fund long-term care, should you need it at any point in your retirement.\u00a0We are here to help you prepare for a long and comfortable retirement.\u00a0<\/p> Annuities are long-term insurance products generally designed for retirement income. Additional benefit riders may come included in the policy or may only be available at an additional cost. The type of benefits provided depend on the insurance carrier and the specific type of policy that is purchased. Life insurance may require health underwriting and, in some instances, financial underwriting.\u00a0<\/em><\/p> 1<\/sup>https:\/\/acl.gov\/ltc\/basic-needs\/who-needs-care<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\tAsset maximization with a fiduciary<\/h3>
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