FINANCIAL SERVICES

Since our inception, we’ve been proud to offer our clients what we like to call “white glove, boutique treatment,” offering a personal touch that is so often lacking in this industry. From the first meeting onward, you’re our family and we’ll protect your financial future as closely as we would our own - that's our promise.

Our goal is to build meaningful, lasting relationships with our clients.  By informing individuals nearing or in retirement on the strategies available, we enable them to better advocate for themselves and build the secure financial future they deserve.

LIFE INSURANCE

For Protecting What You Love

As you grow older, start a family, or build a business, you realize how indispensable life insurance is to a sound financial plan.  Life insurance can give you the peace of mind knowing that there are funds available to protect your loved ones should anything happen to you.  Life insurance is helpful in a number of ways, including:

  • To pay final expenses

  • To cover child expenses

  • To pay off debts

  • To pay off estate taxes

  • To supplement loss of spousal income

  • If you're a business owner, funds can be used buy out shares in a
    business partnership

  • Can be used to cover long-term care expenses


There are two main types of life insurance:

1.  Whole Life Insurance

With whole life insurance, or senior life insurance,  premiums are generally higher than a term policy of the equal face value, but these plans are guaranteed for the duration of the owner’s life.  These plans can offer easy access to funds and tax-advantaged growth of wealth. Whole life insurance sponsors will also sometimes invest a portion of your premiums so that the annual cost won’t increase as you age.

2.  Term Life Insurance

Term life insurance is a more stripped down model.  The premiums are always lower than whole life, but there are no guarantees beyond the duration of the term, which can range from 1 to 30 years.


Elements to consider when selecting a life insurance policy are present and probable future incomes; any special circumstances affecting you, your business, or your family; and your current budget for paying premiums.  Our life insurance specialists can help you navigate the process of selecting a life insurance policy fit for your needs.

LONG-TERM CARE PLANNING

We Hope You'll Never Need It, But You'll Be Happy You Have It

According to a new study, over half of Americans 65 and older will need long-term care assistance with the activities of daily living at some point.  Costs of long-term care can range from $3,500 per month for in-home skilled nursing, to upwards of $9,000 per month for a private room in a nursing facility.  Unfortunately, many individuals who find themselves in need of extensive long-term care pay more than half of the cost out of pocket, as Medicaid and private insurance only cover a small portion.


Greater life expectancy coupled with the skyrocketing costs associated with high-level supplemental care make long-term care one of the greatest threats to your retirement income. The government can, and will, force you to utilize your CD’s, Social Security, pension checks, investments, IRA’s, and just about every other asset you own to pay for long-term care.  


When developing a comprehensive retirement plan, mitigating the risk of long-term care expenses is crucial.  Our family knows first-hand, long-term care isn’t just for you, it’s really for your loved ones. Caring for an ill spouse or parent can take its toll, both financially and emotionally.  Our team of specialists will work with you to create a plan that will free your family from the worry of struggling to pay for care.

ANNUITIES

What Is An Annuity?

An annuity is a form of insurance or investment between an investor and an insurance company entitling the investor to a series of annual sums.  The investor pays a premium or lump sum that will, at a predetermined future date, be paid out with the additional value of the initial investment. The growth of funds held in an annuity is tax-deferred, meaning no taxes are levied until a withdrawal is made.  All annuities have the ability to bypass probate, so long as a beneficiary is named.

There are two main types of annuities - immediate or deferred.  Deferred annuities are broken up into two categories - fixed and fixed-indexed.  Each works a bit differently and offers unique advantages.

Deferred - Fixed Annuities

With fixed annuities, the investor receives a fixed interest rate for a set amount of time, offering the plan stability and insulation from market volatility.  


Deferred - Fixed-Indexed Annuities

Fixed-indexed annuities are linked to a financial index, such as the Nasdaq, the S&P 500 or the Dow Jones.  With this type of annuity, your principal will follow and appreciate the gains of the chosen index, but remain protected from any market dips or losses.  Many individuals select a fixed-indexed annuity because of the potential for a greater return without the risk of true market exposure.


Immediate Annuities

With an immediate annuity, the investor makes a lump sum payment to the insurance company and the institution agrees to make regular payments back to the investor at a predetermined future date, usually within 30 days.  For those who would like steady income sooner rather than later, the immediate choice would be the best option.  


An annuity can be an invaluable asset in your retirement-planning strategy, and when implemented correctly are a great tool for setting up lifetime income.  We are committed to finding the best possible fit for our clients, and will custom-tailor their retirement plan to adhere to their unique needs.


*Insurance products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.

LEGACY PLANNING

Financial Legacy Protection

The assets in your estate should first and foremost be structured to take care of you and your spouse for as long as you live.  In this way, modern estate planning goes hand in hand with retirement income planning. Without proper planning, however, the IRS could end up receiving the lion's share of your estate when you and your spouse are gone. We help tilt the scale in favor of your loved ones. In some cases, we can help you eliminate your estate taxes and pass on as much as 10-times more money to your heirs and favorite charities.


In our opinion, proactive, flexible planning is always better than what the state or federal government has in mind for your hard-earned assets.  Speak to one of our specialists to ensure that your legacy is distributed as you see fit.

401(K) ROLLOVER

For 401(k), 403(b), TSP, or Other Tax-deferred Accounts

Thinking about rolling over your 401(k) into an IRA? We help our clients navigate this process and offer recommendations on how to re-position these assets within the structure of a sound retirement income strategy.   


For the most part, there is really only one good reason to contribute to a 401(k) plan, and that is the free money you get from the employer match. Some companies will match up to 100% of your contributions.


When you retire, this benefit is lost, and all you’re left with are the limitations that a 401(k) imposes, including:

  • Restricted access to your funds

  • Limited investment options

  • Risk to principal by way of market exposure

  • Limited distribution flexibility in regards to beneficiaries

The Better Option: IRA Rollover

Using a tax-free rollover, you can transfer your funds into your own individual retirement account, or IRA.  Benefits include:


  • Continued tax-deferred growth

  • Control where the money is invested without the restrictions of the previous plan

  • Protect your money from market corrections

  • Provides an opportunity for a non-spouse beneficiary to take withdrawals based on the beneficiary's age rather than the age of the donor (stretch option)

  • Direct rollover from your current custodian to a new custodian avoids the 20% mandatory withholding


If you’re still working and have a tax-deferred account with your current employer, you can diversify by executing an in-service rollover.  With this strategy, you can move a portion of the balance to an IRA. This will allow you to keep the current employer-sponsored account active and make regular contributions, while enjoying the advantages of an IRA sooner - essentially, the best of both worlds.

GUARANTEED INCOME

Building a Secure Future For You and Your Family

Retirement is the end-goal we’re all working toward - ideally it’s a time to enjoy the fruits of a lifetime of labor.  Unfortunately, retirement can end up being more stressful than enjoyable if the necessary strategies have not been implemented.  Accumulating wealth and saving for retirement has been a long, and careful process. At a certain point in life, many retirees are faced with the question: “Now, how can I make sure I don’t outlive this savings?”


The single most important aspect of retirement planning is creating reliable income.  We create custom-tailored, market-risk free retirement plans for our clients that provide guaranteed income for life.  By developing an income plan, you can safeguard your investments from future inflation, taxes, rising healthcare costs, loss of spousal support, and other unforeseen circumstances that can arise.


Having a retirement plan that provides the right balance of liquidity, protection of principal, and growth for your individual needs gives you the flexibility and peace of mind to really enjoy your retirement, without worry.