Retirement income strategies are not just for the wealthy. As retirement nears, the traditional strategy has been to move growth-seeking products to more conservative, fixed-income products. According to a recent study, for a married couple age 62 there is now a 65 percent chance that at least one spouse will live to age 85.1 This means that you may need to plan for your retirement savings to potentially last 25 to 30 years.
One drawback to a longer life is the greater possibility of outliving your savings — creating all the more reason to develop a retirement income strategy designed to last a longer lifetime. A significant loss in the years just prior to and/or just after you retire could negatively impact the level of income you receive over the course of your life.
We can help you design a solid retirement income strategy that creates opportunities for long-term growth as well as blending in strategies to provide income throughout your retirement.
When and how you should take your Social Security income benefits?
During an EDUCATIONAL Workshop – you will learn:
Call our office today to sign up for our next workshop, 937-498-1128
At a minimum, every adult should have a will, a durable power of attorney, and a health care proxy. A durable power of attorney designates an individual to control their financial affairs if they become incapacitated, while a health care proxy delegates health care decisions to a third person when they are unable to make those decisions.
We can refer you to professionals to help meet your individual needs.
Estate planning is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and there may be unintended consequences for your loved ones.
While the concept is simple, the vehicles, planning and implementation process can be rather complex. Because of the estate tax laws and the emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.
While there are a variety of vehicles available to help you ensure your assets are distributed appropriately after your death, IRAs have become increasingly popular vehicles for providing for one’s beneficiaries. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy that potentially reduces taxes and potentially increases the payout your beneficiaries will receive upon your death. We can refer you to professionals to help you evaluate your financial situation to determine if IRA legacy planning could help you meet your goal of structuring a long-lasting inheritance for your beneficiaries.
There are many different types of trusts, and they can be complex to set up and execute. However, a trust can be a very flexible and advantageous means to transfer your assets in the future. Most trusts can also provide current benefits, such as tax deferral and deductions. Unlike a will, a trust may help avoid probate upon your death. To learn more about trusts and how they may benefit you, we will be happy to help you consult a qualified estate planning attorney who can assist you with these issues.
Rising taxes may be a concern for many individuals approaching retirement. It may be important to incorporate tax planning into your financial decisions.
We can refer you to professionals to help meet your individual needs.
Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years, free from income taxes, potentially allowing it to earn interest at a faster rate. Few financial vehicles avoid taxes altogether. Insurance products only allow you to defer paying them until retirement — when you may be in a lower tax bracket.
Tax considerations are also of particular concern when making a decision about what to do with assets in an employer-sponsored retirement plan when you change jobs or retire. There are generally four things you can do with such assets:
Rolling over these assets to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you.
We believe that it's critical to defend against the devastating impact large drawdowns can have on the long-term growth of an investment portfolio. While each of our model strategies has its own methodology and diversification, our main goal is to incorporate a certain level of risk management in an attempt to avoid large-scale losses. We believe that diversification across multiple risk-controlled strategies helps manage wealth for both performance and protection. Strategies encompass risk-averse performance goals to offer investors a broad range of investment options to meet their risk/reward profile.
“We take a multi-layered, tactical approach to investing designed to adapt quickly to constantly changing market moods. This strategy allows investors the flexibility to take advantage of opportunities while still maintaining a definitive, imbedded layer of risk management.”
Check out this brief video to see if 401(k) portfolio management is right for you!
Since their creation in the early 1980s, the 401(k) plan has transformed how Americans save for retirement. Sponsored by an employer, these retirement plans allow people to save, with pre-tax dollars, by investing in a menu of investment options. Unfortunately, not everyone has the time, tools, or talent to manage their investment selections in a way that will prudently help them reach retirement goals. Those without the tools or talent, or time or desire to learn, seek the help of a financial advisor. Our Savings Plan Management helps employees manage these worthwhile, yet often confusing, retirement savings plans.
We believe you should have the ability to hire a financial advisor of your own choosing! Unfortunately, if your financial advisor does not have a relationship with your employer, they are at a disadvantage when providing you with investment management services for your employer-sponsored retirement account. Our Savings Plan Management system helps us overcome that disadvantage to give you the service that you are looking for.
Ask us how to team up with a specialist in the strategic management of defined contribution accounts. Seeking help with managing investments has been shown to be beneficial. An annual study by Financial Engines and AON Hewitt found that people who sought help, either through a pre-constructed portfolio, an advisor managed portfolio, or online advice had more positive performance than people who did not seek help.* *The annual investment performance gap between Help Participants and Non-Help Participants was 2.92%, net of fees. “Help in Defined Contribution Plans: 2006 to 2010” Financial Engines and AON Hewitt (2011) Personal financial advisors can provide the expertise, financial guidance and personal relationship that may lead to a high level of comfort that you will achieve your retirement goals.
Our Savings Plan Management team is committed to delivering disciplined allocation and rebalancing strategies alongside superior service.
Investment Advisory Services are offered through Brookstone Capital Management, LLC, (BCM) a Registered Investment Advisor. 1745 S. Naperville Road, Suite 200 Wheaton, IL 60189 www.brookstoneCM.com (630) 653-1400. Additional information about BCM is also available on the SEC’s website at www.adviserinfo.sec.gov. However, please note that registration as an Investment Advisor or Investment Advisor Representative does not imply any level of skill or training. BCM and Eikenberry Retirement Planning (ERP) are independent of each other. For a complete description of investment risks, fees and services, review the BCM firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting BCM.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker dealer services. Advisory clients are charged a quarterly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation.