PROTECT YOUR LEGACY
PROTECT THE ASSETS THAT YOU LEAVE TO YOUR BENEFICIARIES
Does your retirement income plan accounts for your beneficiaries?
Did you list the correct beneficiaries for all your assets?
Do you know how much income tax will your beneficiaries pay on your assets?
Are you planning to pass taxable and tax-free assets to your beneficiaries?
What tax laws apply to your inheritance?
Case Study
They Took Higher Risk & Received Lower Returns Couldn’t Decide How Much to Leave and How Much To Spend
Sam is 68 and Margaretis 67, both retired at the age of 65. They have a substantial amount in savings, theyhave different opinions on how much to spend a year and how to protect their legacy.Sam wants to withdraw as much income as possible without running out of money for as long as they both lived, so they could travel the world. Margaret wants to leave as much money as possible to their children but worried about the taxes. Their advisor suggested to leave most of the money invested in the stock market, use what they needed, and then pass on any assets that were left. This plan appears vague to Sam and Margaret, as they are not sure how much exactly is safe to spend, considering that stock market can be unpredictable.Our RetirementLab recommended to reducerisk ofvolatility of their assets by creating a substantial stable income amount for as long as they lived as well as an option to pass on a sizeable guaranteed lump sum to their beneficiaries on an income tax-free basis.
If you have questions, concerns, or need help making an informed decision about your future retirement income, ensuring your assets are protected and you never run out of money, we will be happy to review your options with you. Schedule a free, no obligation meeting with one of our financial advisors.
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