One of the most common concerns faced by soon-to-be retirees is the fear of running out of money in retirement. We work diligently to get to know your personal financial situation, goals for the future, and any risks that have the potential to derail your plans before offering proactive strategies to help maximize your monthly retirement income.
Retirement Income Planning
When establishing a monthly stream of retirement income, every penny counts. We help maximize your income by implementing a custom strategy to incorporate your various retirement savings accounts, investments, Social Security, defined benefit pensions and more.
Protecting What Matters Most
Building a Strong Foundation for Your Future
Before you retire, we analyze your situation to see if Roth conversions—converting taxable funds held in accounts like traditional 401(k)s into tax-free Roth accounts—might make sense in your situation. While you will have to pay taxes in the years Roth conversions are done, you may be able to reduce taxes later on—and leave a tax-free legacy for your heirs.
In order to build your retirement plan, we will consider:
- All of your sources of income, including Social Security, retirement savings and more.
- Potential tax-advantaged monthly income products that might fit as part of your overall financial and retirement strategy.
- A tax-efficient withdrawal strategy to help ensure you’re drawing income in the most tax-efficient manner possible, and that you can potentially avoid sequence of returns risk.
- Current market and economic conditions, including inflation, stock market returns, upcoming legislation about taxes, estate transfer, etc.
Services at Prospect Estate Planning
While estate and legacy planning are the foundation of what we do, we also support many other financial needs as part of your overall plan. Each family we work with receives our focused attention on their unique goals, needs, and financial desires. Here is a summary of some of the services we offer which can be scaled up or down depending on your situation.
When it comes to estate planning, tax planning and safety in retirement, it’s all about keeping what you have! Tune into KKNT AM960 & KFYI AM550 every Sunday.
Unearthing Financial Opportunity.
Don’t miss Jon Floyd digging into key topics, strategies and concepts to help you explore your options & enhance your financial knowledge.
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Ready for the Next Steps? Contact Us!
We are here to support you and your family’s financial journey by providing estate planning strategies! Please reach out to us for a complimentary, no-obligation conversation about your situation. We look forward to speaking with you. Call us at (602) 807-1411 or Schedule an appointment with Jon or Justin
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Tune in & don’t miss Jon Floyd from 8 to 9AM on KKNT The Patriot at AM960 & KFYI AM550 on your radio dial!
