Holistic Retirement Planning

In late October, I hosted a retirement planning workshop with about 20 interested folks here at a local hotel. We enjoyed some timely discussion and a nice buffet lunch. I thought it helpful to review a few of the topics I presented to perhaps help yourself or someone you know in these financial areas.

* Multi-Generational IRA's
If you own a retirement account (IRA, 401k, 403b, etc.) you had better make sure it's not a tax bomb waiting for your heirs. By structuring your IRA as multi-generational, you can give your heirs many options to continue to defer the growth and tax on your IRA for perhaps 30-50 years or longer beyond your death.

* Estate Protection
Do you have accounts or investments earmarked toward your family or favorite charity after you check out? Is your performance low in this environment - are these investments costing you taxes on dividends or interest? If so, you may want to consider an insurance policy that can ensure your legacy with tax free dollars.

* Nursing Home Protection
One in three of us will need some type of custodial care during our lifetimes. With assisted living and nursing homes costing 40 or 50 thousand dollars a year; learn how to protect your estate with a plan to avoid the Medicaid spend-down provisions.

There were a few more topics discussed then: lessening the tax on your social security benefits; how to check on your broker/advisor's past regulatory and criminal history right on the Internet, and lastly some "safe money" strategies to consider that I've spoke on recently in this blog. See the links to the right for past posts.

Just give me a call - I'm very sure I can solve one or more of your money concerns.
Be well until next time.

~Barry Unterbrink (954) 719-1151
Retirement Planning Counselor