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EVERYTHING YOU NEED
Locally owned and operated in Amelia, Virginia and the surrounding areas
ASSET PROTECTION
Because the market does not provide security, you may want your financial strategies to include some guaranteed* income products. For example, annuities, which are insurance products with guarantees,* can provide a source of supplemental income throughout your retirement.
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Twenty-first century asset protection calls for more than just strategic asset allocation. Including products like annuities in your retirement income strategy can help protect* your money from declines due to market losses.
​Diversifying your retirement assets among a variety of vehicles — both through insurance products and investments, depending on what is appropriate for your situation — may offer you the best chance of meeting your retirement income goals throughout your lifespan.
IRA & 401K ROLLOVERS
When you change jobs or retire, there are four things you can generally do with the assets in any employer-sponsored retirement plan:
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Leave the money where it is
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Take the cash (and pay income taxes and perhaps a 10 percent additional federal tax if you are younger than age 59½)
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Transfer the money to another employer plan (if the new plan allows)
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Roll the money over into an IRA
Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you.
​If you decide to cash out of an IRA, we can help you find suitable vehicles to help you reach your retirement income goals.
LONG TERM CARE
As the oldest baby boomers begin to wind through their 60s, one of the biggest concerns may not be outliving income, but outliving good health.
At-home care services average $20 per hour, and assisted living facility costs average $3,628 per month.1 Does your retirement income strategy account for this kind of possibility? Would you be prepared for twice that amount as a married couple?
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Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.
We can help evaluate your situation and determine if purchasing a long-term care insurance policy may be the right move to help you feel confident in your financial future.
