Retirement Income Planning - Toledo Ohio

You have worked hard for years and are looking forward to the "golden years". Years you want to spend traveling, being with family and friends, playing golf, fishing or just plain relaxing! But, will you have enough money to live the way you want? Do you know how much money will you need? How much longer do you need to work before you can afford to retire? You need to know the answers these questions. And the sooner the better.

Retirement income planning can be complex because it consists of several issues: how much income will you need, how much will you get from Social Security and pensions, how long do you believe you will live, what do you think inflation will be, what will your spouse need after you are gone, how is your health? This is where Beacon Associates can help you by designing a "Retirement Income Plan". This will help you can make important decisions that will enable you to enjoy life as opposed to worrying about the future.

Social Security was never intended to be the only source of retirement income, but it is a very important part of your total plan. There are many decisions about how to get the maximum from Social Security, and everyon's situation is different. Your plan needs to help you know when to start taking Social Security and any strategies your spouse should take to max their benefit. Don't make the mistake of listening to what others think you should do. Rather, get a good plan that shows you the best path.

For help in determining what plan or plans are best for you, contact Beacon Associates today, we offer financial advice, as well as insurances that can protect you against the high cost of medical bills. By choosing Beacon we'll provide a guiding light through the uncertainties of life. Call for an appointment and let us help you find a path that will allow you to optimize your assets and limit your risks.

Retirement Income Planning (including)

401k or IRA transfers/rollovers
In most cases, it is wise to roll your 401k / 403b plans into a self directed IRA. There are no adverse tax consequences if done properly, and an IRA has distinct advantages over most employer sponsored plans. With an IRA, you have more choices as to where you can invest your hard earned savings. An advisor can give you more help as to how to invest this money. And you have more flexibility with beneficiary designations. A "stretch IRA" could be a great blessing to your children and grand children.

Single Premium Immediate Annuities
Annuities can be powerful income planning tools. They can be structured to provide you with income that you can't out live. Annuities are, in fact, income insurance. For some, an annuity income ladder is very powerful. Also, a fairly new innovation is Life Time Income Riders. These riders have great rates of return and high payout rates for those that are looking to maximize their income for life.

Wealth Transfer
We work hand in hand with Elder Law attorneys and CPA's to provide quality Estate Plans. These plans serve to defer, reduce and in some cases eliminate taxes. Our plans result in safe, orderly, tax efficient transfers of wealth from one generation to another.

Health Insurance
Health insurance matters to senior citizens. With Medicare and Medicare Prescription Plans having so many options to understand.  It is important for you to have an experienced guide.  We will present, in a simple, straightforward manner your best options and will help you understand these options.

Long Term Care
Long Term Care is when you reach a stag in life where you are unable to take care of yourself. Without insurance to pay for this help, people are forced to put this burden on their family and friends or the government.  Long Term Care Insurance (LTCi) is a type of health insurance that is designed to cover the costs of care at home or in an assisted living home or a nursing home. This insurance is typically purchased by those who want to avoid being a burden on their family and also who want to protect their life savings from being eaten away by these very expensive costs.  It is estimated that over 50 percent of U.S. citizens will, at some point, need long term care. At Beacon, we can show you how to protect your family from this risk with some innovative strategies.

Our Promise
We offer one-on-one consultations, and our agents will continue to serve you after everything is in place. We strive to go the extra mile to give peace of mind that your investments are doing exactly what you want them to. For investors nearing or living in retirement who want to make sure they never run out of money, we can help you by position you into sound investment strategies designed to defer taxes and create income, we can apply the Beacon light to your retirement vision.