Retirement Planning

An individual retirement account, or IRA, is a retirement account that belongs to you that you can contribute to. In the IRA can be many different things – such as stocks, bonds, mutual funds, annuities or other investment products. IRAs have potential tax benefits. One of our advisors can help you get started on an IRA today.

Do you have money from your former job sitting in a difficult to access account? We can help you understand your options for those accounts, like leaving it in your employer’s plan, moving it to a new employer plan, or rolling it over to an IRA. Types of plans we can assist you with: Pension, 401(k), 401(k) Roth, 403(b), TSA, 401(a), 457, PERS, TERS, SERS, FERS, SEP, Simple, TSP, Defined Benefit Plan, and Deferred Compensation.

With mutual funds, investors pool their money into a diversified, managed portfolio of securities. They are handled by fund managers who decide the best time to buy and sell. There are mutual funds for all kinds of investors; aggressive, conservative, or somewhere in between. Investing in mutual funds involves risk, including possible loss of principal.

This is a fee-based investment product that is actively managed. Managed accounts give you access to professional money managers, a high degree of customization, and greater tax flexibility.

Annuities are contracts backed by an insurance company that can protect you against the risk such as outliving your assets. They are designed for more conservative investors. There are fixed, index, income, and variable annuities, each with their own benefits and risks.

Stocks are shares of a company that allow you to own part of a company and share in their profits or losses. A bond is a loan to a company or government entity that will pay it back with interest. Bond values decline when interest rates rise. Both stocks and bonds allow you to diversify your personal portfolio in order to pursue your goals.

Higher education is one of the biggest expenses most people face. These plans were created to help future students and their families save money to offset the cost of eligible expenses like tuition, fees, books, and housing in order to reduce the need for student loans.

Life insurance helps you prepare for the unexpected. It is designed to safeguard growing financial commitments (like marriage, children, mortgages, etc.) and helps you protect your loved ones if you and/or your spouse dies prematurely. We have many options available, including Term, Whole Life, and Universal Income policies. Talk to one of our advisors to discuss the amount and type of coverage you need.

Many people believe that medical insurance will pay for all or much of their long term care as they age. However, in many cases, general health insurance only provides very limited coverage.

Long term care insurance is designed to help cover the expenses associated with the need for long-term care. This includes things like personal and custodial care in the home, at an adult daycare facility, in an assisted living, at a nursing facility, or on hospice. A range of options and benefits are available in today’s LTCI policies, allowing you coverage for the care services you require at a cost that fits your budget. Talk to an advisor to learn more.