Preserve Your Legacy
Retirement Planning is more than just an investment portfolio. We incorporate experts in the areas of portfolio management, estate, income, tax law, risk mitigation, medicare, and long term care planning. This strategy not only gives our clients access to experts in each field, but also gives them the greatest chance of the retirement they always wanted through a coordinated wholistic plan.
We are able to analyze your social security information and empower you to make the best decision to maximize your benefits from this important, government funded income stream.
With the new changes of the recently passed SECRURE act, it is now more difficult to pass on your IRA to your beneficiaries without them incurring a tax hit. With the new law the lifetime stretch IRA can no longer be done. All taxes must be paid within a 10 year period. We have strategies to help off-set some of these taxes that you may pass to your loved ones
Long term care costs are on the rise with the average stay in a nursing home around $6000 per month. Does your income plan account for this kind of possibility? Would you be prepared for double that if you are married?
Considering that you may have to reduce your assets to before Medicaid will pay for long term care and the fact that neither health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential costs.
We can help evaluate these risks and incorporate several strategies to help off-set these costs and protect your income.
Also IRA’s are the largest asset in most retirement plans being inherited by beneficiaries. If you don’t anticipate needing your IRA money in retirement, you want to consider using a legacy planning strategy that potentially reduces taxes and increases the pay-out to your loved ones upon your death.
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Retirement Planning Experts
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Your Income Retirement Team
Michael grew up on a farm in the small town of Embarrass, Wisconsin along with his identical twin brother and 2 older sisters. He went on to complete his undergraduate degree at the University of Wisconsin -Stevens Point. While at UWSP Michael competed on the Track team where he became a 5-time NCAA All-American. After finishing his Bachelor of Science Degree He went on to earn his Masters degree at Lynchburg college in Lynchburg, Virginia.
insurance & Long term care specialist
Estate and legacy planning specialist
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For more information about any of the products and services we offer, schedule a meeting today or register to attend a seminar.