Our firm is fluent in retirement income strategies. However, we discuss all areas of protection, savings, and growth potential, taking into account your entire financial picture to help ensure you make the right decisions about your financial future. Our services include:
A robust retirement income plan is one that includes Social Security, RMDs, life insurance, pensions, annuities, optional income for life, tax minimization, long-term care, and more. We combine all of these into a comprehensive, actionable plan that gives you a road map for your retirement.
This income planning includes life insurance and long-term care. The right kind of life insurance can be the backbone of a sound financial plan. The life insurance we provide typically comprises terminal illness, chronic illness (long-term care), and critical illness protection.
Hybrid strategies available today are flexible and can be used in several different ways. We also provide life insurance that can help people accumulate cash values and, if structured properly, be accessed tax-free.
Everyone needs a strategy to maximize Social Security benefits. Many don’t have one, and there is much to consider. Whether it’s reducing taxes on Social Security, suspending, deferring, or recalculating, Abich Financial can help you put together a Social Security action plan to help you maximize your benefits.
What are RMDs, and when are they required? How is the amount of an RMD calculated? How will RMDs affect your overall income plan in retirement, and how can you plan for retirement withdrawals from your nest egg? We can help you with an RMD strategy so that you can safely withdraw them and use the funds however you wish.
When you come in for tax planning, we create a personalized tax map for you. The new tax plan could mean new tax strategies. As important as it is to be investment-diversified, we believe it is equally important to be tax-diversified. Our team helps our clients determine whether it makes sense to strategically withdraw pre-taxable retirement dollars now and convert them into Roth IRAs and other after-tax vehicles so that you can potentially pay less tax now instead of more down the road.
Tax and/or legal advice is not offered by Abich Financial Services or their affiliated companies. Please consult with your personal tax professional or legal advisor for further guidance on tax or legal matters.