Reliable Financial Solutions for Retirement Preparation
The days of going to an investment advisor, handing over your money, and hoping you will have enough to retire are over. It’s not enough.
In the old days, personal savings were meant to augment income from a pension and social security. Most of us don’t have pensions today. If we do, they aren’t full income replacement. Who knows what social security will look like. Will it still be there? We don’t live in that world anymore. This means what we do ourselves HAS to be enough. For many of us, it might not be. And let’s not forget the major impact a health issue may have on you or your spouse. Long Term Care planning isn’t just about institutions…it has everything to do with income.
HOW STABLE IS YOUR RETIRMENT ?
Financial Planning
Annuities (Fixed, Variable, Indexed and Buffered)
Protection Planning
Leaving a Legacy
Employer-Sponsored Retirement Plans
Work closely with our advisors to review your existing 401(k) and other workplace retirement benefit programs and discuss how your current employer-sponsored pension plan plays into your retirement goals.
The Retirement Savings Dilemma
Everyone saving for retirement faces the same dilemma. Planning for retirement isn’t only about saving a certain amount of money. Equally important, if not more important, is the amount of money you are able to distribute to yourself throughout retirement. Most advisors focus on saving (the accumulation phase) because they make their money by managing assets. In order to truly put the client’s needs first, a retirement income planner must be equally focused on the spending part of your life. That’s really what your retirement phase is, isn’t it? Watch the short video to gain a better understanding of the retirement savings dilemma.
Planning for Retirement Income by Dr. Wade Pfau
Financial advisors are good at telling you they are different than other advisors. Then they offer the same cookie-cutter approach that not coincidentally involves you giving them all your assets to manage in basically the same way every other wealth manager operates. What we have learned over our years in the financial services industry is to provide the information our clients need to truly gain a better understanding of what it takes to navigate the issues of retirement spending and legacy. But don’t take our word for it. This short video presents an outside perspective by Dr. Wade Pfau. He’s not affiliated with True North Financial Partners. But he is a professor of retirement income at The American College. His career is researching all things retirement income related.
Wealth Building Cornerstones™ is not an affiliate of OneAmerica Securities and is not a OneAmerica company.