Many Americans these days are coming up short in their quest for a comfortable retirement. Why? We believe much of the problem stems from a focus on only one type of retirement planning tool — a company-sponsored savings plan. We know the value of a comprehensive financial plan that includes:
A review of your insurance needs. Too many people neglect insurance when planning for their financial future. But without the right type and amount of insurance, your assets and income could be at risk — now and in the future.
A frank discussion about risk. Are you chasing unsafe market returns that may or may not materialize? We don’t recommend that you chase high rates of return on risky investments as a way to reach your retirement goals. Our philosophy is to mitigate risk as much as possible, so your money is there when you need it. That’s why we explore a variety of options, such as annuities, which can play a role in making sure your nest egg lasts a lifetime.
An analysis of your tax burden. The 401k isn’t the only tax-advantaged way to save for retirement. There are a number of options available today that can help you reduce your tax burden now — and in the future.