Areas of Practice

Guaranteed Lifetime Income Portfolios 

 

The focus is on preserving retirement savings while allowing for upside potential across economic and market cycles, Before implementing the strategy, it's essential to assess your retirement income needs with risk management, liquidity, tax and other considerations. The strategy divides assets into short-term, intermediate-term, and long-term “buckets” with the aim of strategically creating a stream or multiple streams of income over longer periods. This structure provides a framework for generating consistent income throughout retirement. It helps reduce the risk of having to sell investments during market downturns and running out of investment funds sooner than planned.

Income Generation Strategies  

 

Strategic long-term retirement income distribution plans with strategies that preserve and grow accumulated retirement assets, minimize the impact of taxes and inflation, protect against healthcare costs, and mitigate longevity and other risks. Clients are guided through the financial planning process to help them define, establish, and prioritize their retirement goals and objectives. The process involves development and implementation of a long-term retirement income plan, and its management.

Income Annuities 

 

An income annuity is one way to make sure your retirement goals stay on track, giving you a steady stream of income that doesn't change based on market volatility and is guaranteed to last for a set period or for the rest of your life. Income annuities are insurance products that convert a lump sum of savings or a portion of your investments into a stream of guaranteed payments. During the retirement income planning process, a financial advisor will help you to identify your needs, consider important factors, select an insurance company and an annuity that is suitable for you. Depending on your income needs, your retirement portfolio can have multiple income producing annuities.

Rollovers into IRA and Non-Hardship In-Service Withdrawals  

 

We specialize in transferring money from an existing retirement account into a new income generating individual retirement account (IRA). In certain cases, benefits of consolidating your retirement accounts could include: maximized guaranteed stream of income, simplified planning, reduced management fees, and decreased paperwork.

Non-hardship in-service withdrawals/distributions allow active employees to transfer retirement funds from qualified retirement plans (e.g., 401(k) or 403(b)) into IRA before separation, typically after age 59 1/2 without penalty. For example transfer from 401(k) to IRA account can be used to setup an income generating annuity before your actual retirement. Transferring your retirement assets from investments with higher risks into investments with lower risks while you still work, is an important step in the retirement income planning process. While not every retirement provider offers in-service distributions, many 401(k) plans allow employees to access their vested account balance for a cash distribution or rollover.

Retirement Income Planning for High-Net Income Earners

 

Retirement income planning for high net income earners focuses on maximizing tax efficiency, using specialized long-term strategies to bypass contribution limits to standard retirement investment accounts, and integrate wealth preservation with estate and philanthropic goals. 

For example, high net worth individuals (HNWI) can use life insurance loans to create a tax-free income stream in retirement. Unlike IRAs and 401(k)s, there are no annual contribution limits for funding a life insurance contract. This feature is especially beneficial for high earners who max out their qualified retirement plans. Life insurance contracts with a cash value offer tax-deferred growth, tax free death benefit, and tax-free policy loan.

With a sound life insurance policy—often inside an irrevocable life insurance trust (ILIT) - HNWIs can preserve more of their wealth and have peace, knowing their heirs will receive a tax-free death benefit to help with estate taxes and other costs.

Estate Planning and Estate Preservation

 

Advanced financial planning strategies to help clients strengthen their financial security using estate planning instruments. Vetted professionals from a network of legal and tax advisors participate in the process of developing an estate plan to meet clients’ personal and business objectives.

Sophisticated estate planning includes assets preservation, gifting strategies, and charitable planning to help manage risks and minimize the negative effects of the ever-changing tax laws. Through the guidance offered in collaboration with legal, tax and other professionals, clients find that the process can be an exciting opportunity for growth and empowerment and turning estate planning into a chance to pass on values—not just assets—to the next generation and beyond.

Life Insurance 

 

Life insurance is a powerful financial tool that can support a variety of financial strategies over the course of your lifetime, while offering significant tax advantages.

Life insurance is one of the most important risk management tools to help you and your family be prepared for the unexpected and stay on track to reach your financial and estate planning objectives.

Life insurance premiums for personal policies are not tax-deductible. However, the real power of cash value life insurance isn't in deductions - it is in tax-deferred growth, income tax-free loans and an income tax-free death benefit.

Strategies to help clients on important aspects of their business such as succession planning, business planning, and qualified retirement plans. Small business owners are helped create and implement personal financial and estate plans that take into the account the unique considerations and opportunities of owning and operating a small business or a professional practice.

Small Business