Wealth Management
Almost 95% of all Americans alive today will reach retirement age with less money than they need to retire comfortably. And 75% will retire with less than half of this amount. (Source: United States Bureau of Labor Statistics) The genesis of this gloomy situation is simple: the great majority of these people failed to plan adequately for their financial futures. Providing for your own financial future requires much more than just a pension plan and good intentions – it demands professional planning. Without adequate planning, the future can become a financial nightmare. In order to help reduce the risks to you from such a scenario, our team practices close and careful financial management. We can design a hand-tailored financial program with the objective of yielding optimum benefits, both immediately and in the future.
Our Financial Planning Services
Accumulating Wealth for Retirement (ARC)
Climbing to the summit of a large mountain is one of life’s greatest achievements for experienced climbers. They know the key to achieving their goal is planning and preparation. Like mountain climbing, retirement planning begins with the goal of reaching the summit. It means having a well-thought-out, well-funded retirement plan strategy.
Achieving Retirement Clarity (ARC)
For many people, the task of retirement planning may seem overwhelming and complex. This led us to create an easy-to-understand approach for “Achieving Retirement Clarity” called The ARC Process™. It involves performing a detailed cash flow analysis, which is then used to create a custom plan for achieving your retirement accumulation goals. The process also incorporates the necessary risk management tools designed to protect you from unexpected events that could obstruct your path and hinder you from successfully reaching your retirement summit.
Planning For Success
In climbing, focused planning means crafting a well thought-out route which takes into consideration the unique landscapes and challenges of the mountain. In retirement planning, it means building a plan that takes into consideration our personal goals and objectives. It may include strategies built around retirement savings, education savings, income protection, creditor protection, investment management, tax planning and more.
Watch our video to learn how you can achieve clarity and peace of mind in building your retirement fund.
Reaching The Summit And Returning Safely With The Risk Process™
While climbing to the top of a mountain is considered to be a major achievement, the real goal of climbing is not simply to reach the top, but to reach the top and return safely. The same can be said for retirement income planning. For years, people have focused on accumulating enough assets. However, the biggest risks facing retirees can occur during the income distribution phase when we retire and begin to live on our retirement savings.
As we begin this second half of our journey, we are faced with unique and potentially devastating risks such as a volatile market, inflation, liquidity, longevity, health and survivor risks. Just like climbing a mountain, those who address these risks may be more likely to safely and successfully complete the journey.
We created the Retirement Income Survival Kit or R.I.S.K. Process™ to help clients plan their income in retirement while simultaneously addressing the key risks associated with income distribution. We base this process on three fundamentals:
1. Transition From Asset Allocation To Income Allocation
Traditional investment management focuses on asset allocation. However, once we retire and begin withdrawing money, the focus shifts to turning these assets into life-long income streams to provide for our needs throughout retirement. The RISK Process™ helps you assess your available assets and redeploy them efficiently into income solutions based on your needs.
2. Determine Your Withdrawal Percentage
The RISK Process™ helps you determine the percentage of savings you can withdraw as income each year so it is sustainable throughout retirement.
3. Risk Management
The RISK Process™ helps insulate your income against key retirement risks by constructing a portfolio comprised of various income solutions. The income solutions are uniquely designed to provide specialized benefits such as asset accumulation, lifetime income, inflation protection, tax efficiency, long term care coverage and survivor benefits.
Watch our RISK video to learn how to successfully navigate the income risks and opportunities in retirement.
Comprehensive Annuity Review & Evaluation Service (CARES)
As an annuity owner, you anticipate that your current contract is efficiently and effectively meeting your long-term financial goals. However, as time elapses and objectives shift, you may wonder if the product you have is still the best solution for your needs.
We are able to help individuals nationwide with these challenges. Our approach is based on The Comprehensive Annuity Review and Evaluation Service™ — a professional process designed to educate contract holders on their products and features.
