Retirement Planning involves evaluating your current financial position and creating an accumulation strategy in order to reach your retirement goals. An individual’s years to retirement typically span decades, which results in retirement planning dominating other financial goals. A successful plan will address ways to maximize growth, provide for tax-efficient distributions, and optimize generational wealth. 

Qualified Plans are employer-sponsored retirement plans such as 401(k)s and pension plans. Although there are contribution limits and strict distribution rules, these plans are popular because of their tax benefits. Generally, employers will make participation even more attractive by matching all or a portion of an employee’s contribution. 

IRAs are inexpensive, easy to establish/maintain, and offer favorable tax incentives. They can be created by an individual or provided by an employer. Most people use IRAs to consolidate retirement savings that were previously held in employer-sponsored plans. 

Business owners and or executives may have access to other tax-advantaged retirement savings vehicles such as Executive Deferral Plans.  Nonqualified executive compensation is a generic term used to describe a compensation arrangement that provides retirement income—and, in some cases, death benefits—to key employees of a business. 

For some, qualified plans and IRAs in addition to social security may not suffice for retirement income. We can assist you in developing a Personal Savings plan in order to fund your retirement lifestyle appropriately. 


Retirement sign with a beach in the background