Retirement Planning
Work Toward a Comfortable Retirement.
Retirement should be a time to enjoy the fruits of your labor. At CanDo Financial, our comprehensive retirement planning services help you create a personalized strategy to work toward your retirement goals. Advisors at CanDo Financial will work with you to develop a plan with a goal to ensure you have the financial resources you need for a comfortable and fulfilling retirement.
Retirement Planning Services
CanDo Financial’s professionals offer comprehensive retirement planning services to help customers work toward their financial goals and a comfortable retirement. Here’s an overview of the services and products our financial professionals offer:
Retirement Planning Services
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CanDo Financial’s professionals help clients create a strategy to pursue a steady income stream throughout retirement. This includes evaluating current savings, estimating future expenses, and identifying potential income sources.
Products Used:
- Annuities, Individual Retirement Accounts (IRAs), and workplace retirement plans.
Advisors provide tailored investment strategies to grow and aim to protect retirement savings. They help clients diversify their portfolios and manage risk to work toward long-term financial goals.
Products Used:
- Mutual funds, exchange-traded funds (ETFs), and managed accounts.
Advisors at CanDo Financial assist clients in minimizing tax liabilities through strategic planning. This includes optimizing the use of tax-advantaged accounts and understanding the tax implications of different retirement income sources.
Products Used:
- Roth IRAs, traditional IRAs, and tax-efficient investment options.
Advisors help clients plan for the transfer of their assets to heirs in a tax-efficient manner. This includes providing education on trusts, wills, and beneficiary designations.
Products Used:
- Life insurance policies, trusts, and estate planning tools.
Advisors at CanDo Financial help clients prepare for potential healthcare costs in retirement, including long-term care. This involves evaluating insurance options and creating a plan for medical expenses.
Products Used:
- Long-term care insurance, health savings accounts (HSAs), and Medicare planning strategies.
Retirement Planning Products
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Annuities provide a guaranteed income stream during retirement. CanDo Financial offers various types of annuities, including fixed, variable, and indexed annuities, each with distinct features and potential benefits.
Types:
- Fixed Annuities3: Provide a guaranteed interest rate and steady income.
- Variable Annuities4: Offer investment options with the potential for higher returns.
- Indexed Annuities5: Link returns to a market index, offering growth potential with some protection against market downturns.
IRAs are tax-advantaged accounts that help individuals save for retirement. Advisors at CanDo Financial offer both traditional and Roth IRAs, each with different tax benefits.
Types:
- Traditional IRAs: Contributions may be tax-deductible, and earnings grow tax-deferred.
- Roth IRAs: Contributions are made with after-tax dollars, but qualified withdrawals are tax-free.
These plans, such as 401(k)s and pension plans, are designed to help employees save for retirement with tax advantages and, in some cases, employer contributions.
Features:
- Automatic payroll deductions, employer matching contributions, and a variety of investment options.
These investment vehicles offer diversification by pooling money from many investors to invest in a broad range of securities. They are used to build and manage retirement portfolios.
Benefits:
- Professional management, diversification, and liquidity.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Life insurance can be an essential part of retirement planning, providing financial protection for loved ones and potential cash value accumulation.
Types:
- Term Life Insurance: Provides coverage for a specific period.
- Whole Life Insurance: Offers lifelong coverage with cash value growth.
- Universal Life Insurance: Provides flexible premiums and death benefits with cash value growth.
Advisors at CanDo Financial create comprehensive retirement plans tailored to each client’s distinct needs and goals. If you have any more questions or need further details, feel free to ask!
Investing includes risks, including fluctuating prices and loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
1Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.
2ETFs trade like stocks, are subject to investment risk, fluctuate in market value, and may trade at prices above or below the ETF’s net asset value (NAV). Upon redemption, the value of fund shares may be worth more or less than their original cost. ETFs carry additional risks such as not being diversified, possible trading halts, and index tracking errors.
3Fixed annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.
4Variable Annuities are suitable for long-term investing, such as retirement investing. Withdrawals prior to age 59 ½ may be subject to tax penalties and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
5Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index. Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Withdrawals prior to 59 ½ may result in an IRS penalty, and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company.
You can do it. We can help.
Ready to take the next step in your financial journey? Contact us today to schedule a consultation with one of our skilled financial professionals. We look forward to helping you work toward your financial goals.