We start by helping you determine first, what is your “core priority” going to be in retirement? Unless there is clarity as to what is most important to you, finding the right financial solution becomes guesswork.
We work with you to create a customized plan, based on your core priorities and your input. We don’t use a “cookie-cutter” approach and we work with you to develop and implement solutions to problems specific to your needs and your retirement.
We use a “holistic” approach to solving the variety of problems associated your retirement planning. We help you find the best methods to get retirement income that you will not outlive, find better ways to manage taxation, reduce risk with investments, plan for the transfer of your assets after death, find the best option to handle the high potential costs of long-term care and much more.We work with a team of independent advisors, including estate and elder law professionals, tax planners and financial advisors who have the appropriate expertise.
We provide thoughtful analysis about the pros and cons of each solution to your needs. There is plenty of information you can find from various media sources and the Internet these days. However, there is also a lot of misinformation about various financial topics and we are diligent in providing more complete, balanced information so you can make more informed choices.
WHY YOU NEED A
In November, 2009, “Think Advisor” – an online resource for financial professionals published an article called “The Future of Retirement Income.” The article pointed out that in a post-market-crash world, too many advisors lack the skill set, the competence or even the interest in providing appropriate retirement advice.
This is why you might consider working with someone who actually does have the ability, the experience and the willingness to spend the time necessary to properly assist your retirement planning process; especially in the area of creating an efficient way to obtain lifetime income.
Here are some excerpts from the article:
◉ According to survey after survey, anxious investors are clamoring for retirement planning guidance. A research study this past summer by Cerulli Associates found advisors continue to exhibit “ambivalence” toward retirement income planning.
◉ The topmost obstacles cited by advisors to providing retirement income support: lack of consumer awareness and the fact that it is time-consuming.
◉ Meanwhile, a survey from Spectrem Group says many financial advisors are unprepared for retirement planning and dated in their knowledge of products and strategies.
◉ “It’s just not what advisors have been trained to do. Yes, most are unprepared,” notes Francois Gadenne, executive director of the Retirement Income Industry Association.
Consider these findings:
► SRI Consulting Business Intelligence in February returned to households it had surveyed between April and August 2008 and learned that one-half of all households’ expectations for retirement had changed since September 2008.
► Thirty-seven percent said they had lower expectations for how they would live in retirement, and nearly 25 percent said retirement was no longer an option for the foreseeable future.
► And Merrill Lynch Wealth Management’s “Affluent Insights Quarterly” survey, released in October, found that 50 percent of respondents felt that their current retirement plan was an area of “high” concern. Their foremost worry: the risk associated with rising health care costs.
► The broader overarching question for the industry is: Has risk tolerance fundamentally changed?
► In a Spectrem Group survey last December, 90 percent of investors with $500,000 and above in net worth, not including their house, called the economic crisis the biggest financial event of their lifetime.
► The issue for advisors is how quickly can they adjust to the post-crash world. The issue for retirees, is how do they find the right kind of help in achieving their retirement goals?