Shining Financially
During Your Golden Years : Retirement, for some people, will last
as long as their working years. Effective retirement distribution
planning can ensure your asset base remains strong during
your lifetime and beyond. With 401(k) plan balances, profit
sharing plans, executive compensation arrangements and more,
many people have accumulated a significant portion of their
wealth in retirement plans.
Unfortunately, federal tax rules governing
distributions are cumbersome and sometimes punitive. For example,
you must begin taking distributions from some qualified plans,
even if you don't need the income, once you reach age 70.5
or face penalties. Not only can we suggest methods to preserve
your retirement income and shield it from unnecessary taxes,
we can also help you manage your retirement assets for growth
incurring undue risk.
We meet regularly with our clients to discuss
and develop strategies to achieve their retirement needs, while
keeping focused on clients' distributions and the resulting
effect on their estate value. Examples of important issues
include:
Maximizing Retirement
Income - From Roth IRAs to company-sponsored retirement
plans, there are more retirement savings options today than
ever before. We will keep you abreast of rules that may affect
your distributions and income and suggest tax-efficient ways
to deal with these choices.
Income & Estate
Planning -
Your retirement assets may become a large part of your family's
assets at some point in time. Proper distribution planning
can help minimize or eliminate the impact on your taxable
estate.
Intergenerational
Planning -
From the present, where even relatively simple components
of retirement such as beneficiary designations can
be emotional, to the future, when the importance of
transferring your retirement assets to the next generation
becomes vital, we will work with you to develop the
most appropriate solutions.
Securities
offered through LPL Financial - Member FINRA,
SIPC
