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How To Plan For Retirement: Let Us Help!
You’ve been working to save for your retirement for years. Now is the time to make that money work for you. It doesn’t matter if you are 5 or 10 years away from retirement, it’s time to take retirement income strategies seriously. As a retiree, you want to make sure that you won’t outlive your retirement savings.
One key to a successful income strategy in retirement is to have a knowledgeable advisor who can help you in the long run. Here at Green Line NW, we work hard to help retirees protect what they’ve worked so hard to have. With this mission in mind, we’ve helped thousands of people in Oregon to discover the keys to a successful retirement.
We know each retiree has their own goals and needs. That is why the first thing we do is take the time to learn more about your current financial and personal circumstances. We want to know what is important to you. Next, we will examine your retirement account’s performance, and then we will go over opportunities that can help protect and grow your wealth.
When you’re ready to take the next step, we are here to help. We provide no-cost education, one-on-one meetings, and financial consultations to help you make the right choices for your retirement.
Retirement Income strategy Review
One way to become more knowledgeable about how to plan for retirement is by attending an educational seminar. Green Line NW offers retirement seminars right here in the community. We also offer online sessions for anyone looking to become more educated on their retirement options without leaving the comfort of their home.
In addition to no-cost educational seminars, we also offer no-obligation “retirement reviews.” During your reviews, we will go over your current retirement strategy. You’ll have the opportunity to get answers to any of your questions. Lastly, we will make recommendations.
Also, we’ll provide education on topics such as:
- Potential tax-free* income strategies for retirement
- Taxes, estate planning, and other considerations
- Tax-deferred ways to transfer wealth
- What happens to your money if the market drops?
- How protection is an important part of planning for retirement
- How to plan for your money to last
- What are the risks of your current investments
Retirement income strategies
During your working years, you might have been more comfortable with larger risks. The stock market is always going up or down. But, your future shouldn’t be affected by the market’s volatility. As we grow older the less downturn we can manage. If your retirement account takes a hit during your “golden years”, you may not bounce from the losses.
As you get closer to retiring it’s a good idea to protect your money and this might mean your retirement saving might change too. Some people will prioritize having a steady income over their rate of return in this stage of life. To plan for this risk, at Green Line NW, we offer strategies for a safe way to invest money for retirement. Safety first, then potential growth.
The Right Retirement strategy Is The One That Works For You
At Green Line NW we will help you build a sturdy foundation of protection in retirement. Clients deserve the peace of mind in retirement. As you get closer to retirement it’s time to put your assets into a place where a stock market drop cant affect its value.
For example, if have assets in a fixed index annuity (FIA) or a maximum cash value index universal life insurance (IUL) policy, your principal is secure. That’s because instead of having a link to the stock market, the money in your FIA or IUL is linked to an index. If your index rises so will your money. But if the index drops, your money is safe and you won’t lose it.
Which Retirement Specialist Is Right For You?
A key point to remember is that not all financial advisors are the same. Some focus on growing your money in the market. If you are still working and may have more than 15 or 20 years before you retire this can be useful. You’d still have time to let your money grow and if you were to lose money in the stock market you could still have time to recoup those losses. In this instance, you may want to go with a “growth” advisor.
But as retirement grows closer, your priorities may change. Once you retire, you can’t afford any significant drops in your account’s worth. With a major market decline, you may not be able to recoup. Sometimes, people end up holding off on their retirement because of it. This when help from a team of retirement specialists can be beneficial.
It is an excellent idea to seek an expert when searching for a retirement specialist. It is important to acknowledge that no retirement strategy is the same. Not two clients are the same, they have their own goals and needs. That’s why you should seek out a retirement specialist who knows your unique situation.
A good retirement specialist like the ones here at Green Line NW will show you how to protect those funds while receiving a reasonable return on your investments over time.
*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.