Retirement Planning Services
When planning for retirement, there’s more to consider than just how you’ll spend your time. You need to ensure that your financial accounts, healthcare options, tax planning, and other related matters are in order.
Aspects of Retirement Planning
Retirement Accounts:
401(k)s, IRAs, and other employer-supported plans are a central aspect of securing a financially comfortable retirement. We will help you gain a full understanding of contribution limits, tax planning and rules, withdrawal regulations, and ERISA compliance for each account.
Pension Plans:
Employers are legally obligated to adequately fund pension plans and meet their promises. By understanding vesting rights, survivor benefits, and Pension Benefit Guaranty Corporation (PBGC) insurance, you can maximize your pension benefits.
Social Security:
Governed by federal law, Social Security is a vital aspect of retirement planning. We provide guidance to help you understand and utilize social security benefits through benefit calculations, eligibility requirements, spousal and survivor benefits, and tax implications.
Healthcare and Long-Term Care:
Planning for healthcare, particularly Medicaid and Medicare, involves significant legal considerations We offer legal advice on long-term care insurance and assist with planning for Medicaid and Medicare eligibility and coverage.
Estate Planning and Legal Documents:
We offer services covering the legal transfer of assets and healthcare decision management. This includes wills, trusts, powers of attorney, and health care directives.
Tax Planning:
Your post-retirement income will likely come from various sources. Our services will help you take full advantage of tax planning through strategies for gift and estate taxes, Roth conversions, and taxation of retirement income.
Employer and Employee Rights:
Understanding your rights as both an employee and employer is crucial as you approach retirement. By understanding non-discrimination laws, continuation of benefits, and early retirement incentives, you can plan more effectively.
Fiduciary Responsibility:
Retirement planners and advisors have a legal duty to act in their clients' best interests, as defined by fiduciary duty. This is especially important when it comes to investment advice, where potential conflicts of interest may arise.
When you have a deep understanding of tax planning, employee rights, pensions, and more, you can live out your days in financial comfort. We can help you reach that full understanding thanks to years in the field and our personal experiences related to it. Get in touch today to make the most of your retirement planning.
