Keys to Financial Planning
Working with a financial planner is a critical step to helping protect your future. That’s why Retirement Evolutions Wealth Management conducts “Keys to Financial Planning” workshops in order to share our knowledge and help you make some key decisions.
We know that financial planning advice doesn’t come in a one-size-fits-all package. Every financial strategy must be custom designed to fit your financial needs, goals and lifestyle. We believe, however, that financial decisions need to be based on information, and, with our experience, we can help guide you through the financial maze.
These are just some of the topics covered in our workshop presentations:
- Learn the secrets stock brokers and insurance agents use
- How to help increase investment returns
- The good, the bad and the details on annuities
- How to help minimize the fees on your investments
- How to help minimize taxation on Social Security
- Invest in the market with a “seat belt” to help protect you in market down times
- Personal financial planning and the importance of a “financial stress test”
- Reverse mortgage “advantages and disadvantages”
- And much more!
We include information on financial planning for retirees to help answer many of the questions that arise when faced with retirement decisions. You’ll learn why having your affairs in order is just as important as the rate of return on money and why you need a medical directive. Our financial advisors will help explain why slow and steady wins the race. We’ll uncover tools to ensure your goals are met.
Our workshops will help provide personal financial planning insights. We believe financial planning advice should be transparent. As an independent financial advisory firm, we do not accept commissions for investment advice and work solely on the behalf of our clients. We always provide unbiased financial advice.
Planning For your Future
Your financial plan should include a mix of investments for diversification. However, purchasing investments, such as stocks and bonds, without a plan can put your wealth at risk. Sound financial investment planning is based on your financial goals, financial situation, inheritance preferences, tolerance for risk and need for financial growth and other factors.
Retirement Evolutions Wealth Management can provide you with a personal investment planner that will help you create your portfolio. We will comprehensively analyze all aspects of your financial health. We will also help manage your asset allocations only after we understand your complete financial situation, preferences and goals. Our approach to investment planning focuses on helping to create a customized portfolio specifically for you.
*Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing carrier.
Your investment advisor is not permitted to offer, and no statement contained herein shall constitute, tax, legal or accounting advice. You should consult a legal or tax professional on any such matters.
Neither the Company nor its agents or representatives may give tax, legal or accounting advice. Individuals should consult with a professional specializing in these areas regarding the applicability of this information to their situations.
LISTEN TO JOHN AND KARYN ON THE RADIO
The Tax Cuts and Jobs Act of 2017 reduced federal income tax liability for some, but not all, Americans. Wealthy residents of California, New York, and other high-tax states could face a higher tax bill when they file their 2018 return.
While cutting tax rates on ordinary income, increasing the standard deduction and doubling the federal estate and gift tax exemptions, the tax legislation also capped the deduction for state and local taxes (SALT). While once open-ended, the SALT deduction is now limited to $10,000 ($5,000 if married, filing separately).LISTEN
Risk is a necessary element of any retirement plan – because investing in things like stocks which can decrease in value can also give you big increases. Today Jon and Karyn talk about how to manage the risks involved to your own tolerances to give you the right plan with the right amount of risk so that your money will be there whenever you need it.LISTEN
What sneak attacks could try to derail your retirement plans? Well, some include long-term care and other health costs, or kids coming back home as adults. Jon and Karyn discuss these and a number of other things which could throw your retirement plans for a loop if they are not addressed or planned for.LISTEN
We all know what a balance sheet is when it pertains to a business. Well, when we retire, we need to check our personal balance sheet – if it’s out of balance, we may not have the money and resources we need to retire in the first place. Today Jon and Karyn go over the steps which need to be taken to be sure your personal balance sheet is where it needs to be in order to live your best retirement.LISTEN
Given a choice, which would you choose: a guaranteed fixed income for the rest of your life, or a lump sum that you could invest? As it turns out, lots of people prefer a sure thing.
This is what a recent survey showed about public sector employees posed with the option to select a defined benefit pension plan or a 401(k)-type defined contribution individual account. In fact, even when the defined contribution plan was the default option and workers had to proactively choose the defined benefit pension plan, they made the effort. In the eight states studied that offered a choice between the two options, all had employees choosing pensions at rates of 75 percent or higher in 2015.LISTEN