Employee Benefits > Retirement Financial Planning

Retirement Financial Planning

Financial Planning

Estate Planning
Personal Planning/Goal Setting
Wealth Management Planning
College Planning
Retirement Planning
Long Term Care Planning

Estate Planning
The process of planning the transfer of all personal assets at death to chosen beneficiaries. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Estate planning involves the wills, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.
Personal Planning/Goal Setting
A powerful process for thinking about your ideal future, and for motivating yourself to turn this vision of the future into reality. The process of setting goals helps you choose where you want to go in life. By knowing precisely what you want to achieve, you know where you have to concentrate your efforts. You’ll also quickly spot the distractions that would otherwise lure you from your course.
Wealth Management Planning
Helping clients achieve their financial goals through a process of providing counsel for the overall financial well-being of individuals and their heirs.
College Planning
In a standard 529 plan, your money is invested in stocks and bonds with the hope that the portfolio’s growth will outpace the inflation rate of tuition. Prepaid 529 plans let you purchase “contracts” or “units” at today’s prices that will pay for tuition and fees at the state’s public schools when your child is ready to attend college.
Retirement Planning
In a financial context refers to process of making financial provision for retirement prior to reaching retirement age. This normally results in the purposeful setting aside of money or other assets with the intention of deriving an income from those assets at retirement into old age. The goal of retirement planning (if defined) may be to achieve financial independence, so that the need to be gainfully employed is optional rather than a necessity. The process of retirement planning aims to: (1) assess a client’s readiness-to-retire given a desired retirement age and lifestyle (i.e. do they have sufficient money to afford to retire; and (2) to identify client decisions or actions to improve readiness-to-retire).
Long Term Care Planning
No one wants to think about a time when they might need long-term care. So planning ahead for this possibility often gets put off. Most people first learn about long-term care when they or a loved one need care. Then their options are often limited by lack of information, the immediate need for services, and insufficient resources to pay for preferred services. One of the most important advantages of planning ahead is to ensure greater independence should you need care. Your choices for receiving care outside of a facility and being able to stay at home or receive services in the community for as long as possible are greater if you have planned ahead.