Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
The Value of Social Security
Understanding the real value of Social Security is critical for retirement planning. For most Americans, Social Security will not provide enough income during retirement. However, on an estimated average, Social Security may account for about 30% of income in retirement. With the complexities of (7) Social Security strategies, (81) age combinations, and (567) sets of calculations, we recommend alternatives for you to pick the best option that suits your personal situation. The staggering number of Social Security as percentage of income during retirement should not be ignored. Many individuals will be receiving benefits for 25, 30, possibly even 40 years. Social Security provides valuable protection against this “longevity risk”.
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Income Tax Free Retirement Plan
In retirement planning you need to address:
TAXES: Are you just deferring taxes? What if tax rates go up in the future? Is my retirement plan tax efficient? What if there was a way to opt out of the tax system with your retirement savings? Interested? You should be. Taxes will have a major effect on your retirement NET, SPENDABLE INCOME. Would you be interested in a strategy that could get you 300% more net spendable dollars? Too good to be true?
RISKS: Is your retirement subject to stock market risk? If you are at or near retirement a sever stock market adjustment can devastate Risk: Is your retirement subject to stock market risk? If you are at or near retirement a sever stock market adjustment can devastate your lifestyle.FEES: There has been a ton of publicity regarding the excessive hidden fee’s associated with traditional 401 (k) plans. Imagine fee’s that are sometimes 3,000% more than what was originally disclosed to you. “For every 2% you pay in fee’s you will reduce your retirement nest egg by 50%.” DON’T LET WALL STREET STEAL YOUR RETIREMENT!
HEALTH: Did you know that the average age of a heart attack, stroke, or cancer is age 43? Did you know when sickness strikes, it’s hard to go to work, and that sickness is the #1 cause of bankruptcy in America? IT DOESN’T HAVE TO BE THAT WAY!