Strategic Retirement Solutions

How We Work

Retirement plans play a crucial role in providing a source of income in later years. Working with a professional ensures that your future plans will meet the needs of both you and your family. With all the various investment options available these days, it is imperative that you understand how each of them can affect you in the long run.

Disability Planning: A disability can strike at any time. Disability planning should take into account your monthly expenses, family responsibilities, and net worth. Once we determine the amount of income you will need to replace in case you are no longer able to work, we investigate the disability insurance options that can provide the best coverage for you and your family’s needs.

Long Term Care Planning/Insurance: Mapping a strategy for managing health care costs in retirement is a critical component of any good financial planning.

Medicare Planning: The government-sponsored health care and insurance program's precarious financial situation means that what is true today, may not be so tomorrow. We can help you sort out the various options by going through a detailed inquiry into our healthcare needs and recommending the best fit for your situation.

Social Security Planning: Making the decision to collect social security benefits when you reach the qualifying age should be simple enough: you work, you reach the age where the government is going to start giving you back some of your hard-earned cash, and you want it now! But there are many factors that go into this decision. As you approach that golden age we can create an optimal strategy, and help you integrate your decision with your life goals. Your social security benefits are a component of your financial life and should not be separated from your other decisions that require consideration and proper evaluation.

Life insurance: Life insurance is crucial to ensuring that your loved ones are protected in the event of your passing. Picking the right one will help allocate your assets appropriately when the time comes. However, it is essential to consider what type of coverage you will need. If your insurance needs are primarily for a specific period, such as your working years, term life insurance may be an appropriate solution. If your insurance needs are for your life in the long-term, whole or universal coverage might be best. In addition to your coverage period, the coverage amount is another important consideration. Your coverage amount will depend on the need you are trying to meet. These are some general factors to consider:

  • Your potential income
  • Your assets
  • Your liabilities (such as debts)
  • Any existing insurance (individually owned or through work)
  • Other costs your family is expected to face

It is also recommended that you review your life insurance coverage during the routine update of your overall financial plan. When buying life insurance, there’s no substitute for a thorough analysis of your personal situation. We can help you determine an adequate level of life insurance protection based on how your situation changes.

Cash Flow Models: We focus on combining your cash flow needs with the goals of your investment portfolio. We invest according to your own personal benchmark, as we develop your Cash Flow Model. We consider your income from all sources, including outflows for living expenses, retirement savings, real estate, gifting, education, and taxes to illustrate different scenarios and the impact of these variables on your retirement plan. Building this model with us will give you the confidence that your financial decisions are working to help you reach your personal goals. Designing a Cash Flow Model is not a one-time event, and we will frequently revisit your model to confirm that your investments keep pace with your spending needs.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. | 888-644-7711