Retirement Planning

Retirement planning involves evaluating your current financial standing and creating a distribution strategy that fits your need for security in income coupled with tax efficiency. A successful plan should address ways to acheive growth, thus keeping pace with inflation combined with tax-efficient distributions. 

There are several types of accounts to consider for retirement - each with different distribution characteristics and taxation implications.

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Qualified employer-sponsored plans

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Individual retirement accounts (IRAs)

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Personal savings and tax-deferred annuities

Qualified plans are employer-sponsored retirement plans such as 401(k)s and pension plans. Although there are contribution limits and strict distribution rules, these plans are popular because of their tax benefits. 

IRAs are easy to establish and maintain and also offer favorable tax incentives. They can be created by an individual or provided by an employer. Most people use IRAs to consolidate retirement savings that were previously held in employer-sponsored plans. Our process coordinates your IRA investments with your other savings plans.

At the heart of any retirement plan is the distribution of accumulated assets. The correct distribution method will help to ensure that your retirement savings last beyond your lifetime with minimum shrinkage from taxes. From premature distribution options that allow access to retirement assets prior to age 59½, to products intended to provide stable monthly payments for retirement, distribution planning is paramount to a successful retirement plan that ensures your financial independence.