|Retirement is an exciting milestone - the reward for a lifetime of
hard work. Retiring individuals face a myriad of important
decisions; choosing pensions options, deciding when to start
receiving social security and/or IRA payments, and figuring out
health care options - just to name a few.
This is an important time to get accurate information. There are
many options available now that can help ensure a comfortable
income in retirement, adequate income for your spouse after
your death, and protection of your assets to be passed on to your
|Pension Asset Planning
|Of primary concern to many individuals contemplating retirement is which Pension Option to choose. Option
A typically provides the highest payout, but only lasts during the lifetime of the retiree and provides no benefit
for a surviving spouse. The other options provide some benefit for the spouse but usually a substantially
diminished payout. With proper planning, you can choose the highest payout and still ensure that your
spouse will have enough income in the event of your death.
Click here for more information about Pension Asset Planning.
|Retirement accounts, such as Pension Plans, 401K's, IRA's, or 403B's are subject to special restrictions and tax
consequences. Distributions prior to age 59 1/2 incur penalties as well as both Federal & State taxes. By age 70 1/2,
you must begin Required Minimum Distributions from these accounts. All retirement accounts are subject to much higher
taxation upon death than regular assets; combined taxation of these funds can exceed 80% of the asset. Proper
planning can reduce or eliminate most of these taxes. Most people don't realize the vast possibilities that exist for doing
Estate Planning utilizing retirement or pension funds; in most instances it is possible to gain a tax deduction by donating
part of the asset, while using the remaining portion to generate a tax-free legacy for your children. With proper planning,
a $1,000,000 retirement account can provide a $1,000,000 gift to charity and a $1,000,000 tax-free legacy to your
children. Without proper planning, that same $1,000,0000 retirement account will could leave only $200,000 to your
family, and nothing to charity. Click on Qualified Asset Planning to see options to protect and maximize the benefit of
your qualified money.
|Reverse Mortgages are an effective planning tool for increasing retirement income and protecting assets.
The proceeds of a reverse mortgage are generally tax-free, have no income restrictions, and generally do
not affect Social Security or Medicare benefits. You retain the title to your home and do not have to make
monthly repayments; in fact, the note is not payable until after the death of the surviving borrower or until
after you no longer live in the home.
The funds are unrestricted and can be used for limitless planning opportunities to guarantee adequate
income, and as leverage to create additional wealth. Click to view an example of Reverse Mortgages
and the enormous opportunities they provide.
|Questions? Please call us at (800) 593-2275 or e-mail us.
|Clients First Financial, LLC
72 Sharp Street, Suite A2
Hingham, MA 02043
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|By far, the biggest worry Americans express about retirement is whether or not they will have enough income to live comfortably. People are living
longer, which means the nest-egg has to last longer. At Clients First Financial we specialize in developing unique planning strategies to
guarantee that you won't outlive your income. There are a number of excellent options available today to ensure that retirees can not only enjoy a
comfortable standard of living, but also protect their assets to be passed along to their children or other family members.
|Clients First Financial, LLC
Our Advisors Average 19 Years of Experience and Integrity in Financial Services