A comprehensive review of the different combinations of Social Security election strategies. Clients are provided with a step-by-step action plan that outlines the best strategy for maximizing their Social Security income, which coincides with their retirement distribution plan.
This system involves creating a comprehensive financial plan that uses asset designation and purpose-driven account placements. It helps clients understand how each of their financial assets work together to accomplish objectives such as lifetime-income planning, tax-efficient distribution strategies, legacy planning, and long-term growth.
This analysis will identify and analyze the best ways to maximize pension income. If clients haven’t selected a pension option, all options are considered in order to determine the most practical selection based on individual circumstances. If a pension option has already been selected, viable options are presented to remedy the possibility of lost income.
This test will assess hypothetical, what-if scenarios to help determine the long-term viability of retirement income lasting under certain conditions. If weaknesses exist, potential strategies will be explored and introduced.
Provides an overview of the advantages and disadvantages of converting traditional IRAs to Roth IRAs. Clients are armed with the necessary information to make an educated decision as to the benefits and costs of conversion.
Clients are given direction in pursuing traditional long-term care coverage. They are presented with a market analysis that outlines the most competitive policies in the industry and highlights their unique benefits and provisions.
Helps determine if the client is a good candidate for an asset-based, long-term-care insurance solution. Careful analysis is done to evaluate the available eligible assets. Clients are given recommendations of how to re-allocate a portion of their net worth to cover the financial risks associated with an extended long-term health care need.
This review will consider the impact of stretching out qualified accounts. An analysis is conducted to illustrate the potential benefits of preserving the value of qualified plans as they are distributed to beneficiaries.
This type of life insurance review uses illustrations, also called “in-force illustrations,” and compares past (actual) performance with anticipated performance. There’s also a focus on eliminating potentially costly factors such as lapsing, over-insuring, under-insuring, and under-performing.
Reviews all of your current beneficiary designations with the goal of prudent asset transfer.
Involves a basic approach to financial planning that consists of a review of allocations based upon five major components: age, income, net worth, risk tolerance, and time horizon. This is used as a starting point in the planning process.
This analysis includes a comprehensive review of fixed investments, stock and equity positions, bonds/bond funds, and mutual funds. It will also introduce the know-your-investment model.
This process will help to define a personal, risk-tolerance score and compare it to your current portfolio risk score. It will also determine and realign your personal risk score with your portfolio risk score.
The purpose of this test is to gain a greater understanding of how your portfolio might have performed during previous time-frames of stock market and/or interest rate declines. Although past performance is no guarantee of future results, reviewing a portfolio’s track record helps you, as an investor, have a comprehensive understanding of the portfolio in light of various factors.
Direction is provided about various Medicare plans including supplement, prescription drug, and Medicare Advantage. Clients are given an analysis of appropriate plans based on specific client health information.