Retire With Confidence

Individual Business

In the intricate world of retirement planning, having the right partner can make all the difference.

Our expertise goes beyond numbers—it’s about understanding your unique story, your goals, and your concerns.

Individual Retirement Planning

Retirement planning is more than just saving money; it’s about envisioning and preparing for the life you want to lead in your golden years. Our resources in this section cover essential aspects of retirement planning, from understanding different types of retirement accounts to strategies for maximizing your Social Security benefits. We break down complex topics into digestible information, helping you build a solid foundation for your retirement journey.

Let’s Review Your Options

Individual Retirement Accounts

Traditional vs Roth IRA – which is better for your situation?
How much can I contribute?
What investments should I consider?

Retirement plans through work generally fall into two categories: defined contribution and defined benefit plans.

Defined Contribution Plans:

Employee and Employer Contributions: Both contribute to an individual retirement account for the employee.
No Guaranteed Benefit: The retirement income depends on investment performance and account balance.
Portability: Often portable when employees change jobs.

Examples:

401(k) Plan (U.S.): Employees contribute pre-tax income, and employers may match contributions up to a certain percentage.
403(b) Plan: Similar to a 401(k) but designed for non-profits, schools, and government employees.
Profit-Sharing Plan: Contributions vary based on company profits.
SIMPLE IRA (U.S.): A simplified retirement plan for small businesses, with both employer and employee contributions.
Risk: Employees bear the investment risk.

These plans are less common now due to their cost and financial risk to employers.

Defined Benefit (Traditional) Plans:

Employer Responsibility: The employer promises a specific monthly benefit upon retirement, calculated based on factors like salary, years of service, and age.
Guaranteed Income: The employee receives a predictable, fixed income in retirement.
Funding: Fully funded by the employer (sometimes with minor employee contributions).
Risk: Employer bears the investment risk.

Examples:

Final Salary Pension: Based on the employee’s salary at retirement.
Career Average Pension: Based on the average salary earned during the employee’s career.

Social Security Optimization

Maximizing your Social Security benefits can significantly impact your retirement income. We delve deep into the intricacies of Social Security rules and regulations to determine the optimal claiming strategy for your unique situation. This involves:

Analyzing factors such as your work history, marital status, and overall retirement plan
Exploring various claiming scenarios, including strategies for married couples
Coordinating your Social Security benefits with other income sources

Our goal is to ensure you receive the maximum lifetime benefit and optimize your overall retirement income.

Other Retirement Assets

Once you’ve exhausted IRA and work plan contributions, we can explore additional accounts to maximize retirement savings including:

Brokerage accounts
Deferred annuities
Cash value life insurance

Offering Retirement to
Your Employees

When it comes to business retirement plans, there are many options to consider, each designed to fit different needs and goals.

401Ks

Fully customizable plan crafted to fit your business’s specific needs
Fully customizable plan crafted to fit your business’s specific needs

SEP IRAs (Simplified Employee Pension)

Employer-only funded retirement
Up to 25% of employee’s annual income
Employee cannot contribute
Max contribution of over $70,000
Many consider this like a ‘profit sharing’ program
Some plans have no expense to get started

SIMPLE IRAs (Savings Incentive Match Plan for Employees)

Up to 3% match for employee’s contributions
Some plans have no expense to get started

Defined Benefit Plan

Designed to create a lifetime income stream at retirement
Allows for very high contributions in some cases

TALK WITH US ABOUT OPTIONS FOR EMPLOYEES

Businesses of all sizes can find a solution that aligns with their budget and objectives. These plans not only help attract and retain top talent but also offer significant tax advantages for both employers and employees. Choosing the right plan depends on factors like company size, employee needs, and contribution goals, and we’re here to guide you every step of the way to make the best decision for your business.

Our Qualified Team

Our team is composed of dedicated professionals who bring diverse skills, extensive experience, and a shared commitment to our client's financial well-being.

Each member of our team plays a crucial role in delivering the comprehensive, personalized service that sets us apart in best serving our clients.

Meet Our Team

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