Couples Planning Retirement Income Needs

Perhaps you are like Susannah and Bill, are between 55 and 65 years of age and will be retiring within the next one to five years. Your yearly income may be over $250,000. Your assets include more than $1,000,000 in retirement assets and also a pension plan. You have more than $500,000 in cash, bonds and mutual funds, and you own your home.

WealthGuard clients nearing retirement know they can depend on us to:

Create a plan to transition into retirement. The plan will include deciding whether or not to take the pension as a lump sum or lifetime payments; if net unrealized appreciation treatment should be used for company stock; and give you options on what to do with your 401K plan and pension accounts. We will review company healthcare and other insurance benefits. And,

• Develop a tax-smart strategy to diversify the concentrated position in employer stock,

• Prepare a retirement cash-flow analysis to develop a strategy designed to produce lifetime income to maintain their standard of living,

• Design a  portfolio allocation  based on  retirement cash flow analysis,

• Invest the portfolio using a pro-active asset allocation strategy that aims to meet your financial goals while managing risk,

• Engage an estate planning attorney to develop an estate plan. Ensure that the estate plan is consistent with the retirement plan and that beneficiary designations are up-to-date, or

• Meet with a long-term care specialist to determine an optimal solution to protect retirement assets from long-term care expenses. And more….

*There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. No strategy assures success or protects against loss.