Planning for retirement can be one of the most overwhelming and stressful exercises one can experience. Whether you’re up in the air about when exactly is the right time to retire or how much money you’ll need to have put aside in order to lead a comfortable life. Let the professionals here at Financial Liberty Group take some of the stress off your shoulders. We will analyze your current situation and future goals and use our knowledge and tools to help you on your path to a stress-free retirement.
Retirement Plan Advisory
As more and more businesses move away from offering guaranteed pensions, the 401(k) and other similar packages have taken on a critical role in planning for your post-employment future. For many people, their 401(k) is the most significant asset they have and the cornerstone of their elder years. Most companies spend little or no time actively managing this very important piece of their retirement puzzle.
We are one of a few advisors in the New York Metropolitan area that provide 401(k) advisory services while you are an active participant, regardless of where your plan is held. By implementing an active management strategy, we strive to capture the market upside while minimizing your losses during turbulent market periods.
The loss of a loved one certainly has an emotional impact on friends and family whereas the financial impact can be just as devastating. If your family lost you, would your family be able to maintain their current lifestyle? Financial Liberty Group can help with cost effective options that can be used to replace income and provide your family with the desired long-term financial stability. Proper insurance planning can help families avoid financial devastation, to allow efficient estate liquidation, and business continuation.
The loss of income due to disability can have a dramatic effect on a family’s financial stability. Many employers offer disability insurance policies which can reduce your risks. You should understand the limitations of those policies as the benefit could fall short of your needs. If you do not have appropriate coverage, you owe it to yourself and your family to understand this critical program.
Long Term Care
Long-term care insurance is a type of insurance developed specifically to cover the costs of long-term care services, most of which are not covered by traditional health insurance or Medicare. Comprehensive policies typically cover care and services in a variety of long-term care settings.
There is a great deal of choice and flexibility in LTC insurance policies. You can select a range of care options and benefits that allow you to get the services you need in the settings that suit you best.
With the growing cost of care and an elderly population that is increasing faster than any other, long term care should be included in all financial plans. LTC insurance will help to protect your assets for retirement income or the transfer to heirs.
Although they may differ in size, everyone has an estate. Your estate is your home, your savings, your car or anything else with value. Estate planning is more than just having a will that defines who gets what, it focuses on controlling how that estate is transferred. No matter what size your estate may be, proper planning allows you to control how your assets will be distributed after you die, and it ensures that your assets will go to the people you want, in the way you want, and when you want.
When it comes to financial planning, most people focus on accumulating and protecting their assets, but very few think about how those assets will get to the people they most want to receive them. We all hope to leave a legacy, but the truth is that a successful investing life can result in many unwanted burdens for your heirs. Will your children be able to pay the taxes associated with your legacy? Will the charity of your choice receive all that you left them, or will a large portion of it go to paying estate taxes?
By taking a few important steps, you can feel peace of mind knowing that your assets will be directed to the loved ones or charity of your choice, without creating unnecessary financial stress in an already difficult time. Contact the retirement planning professionals at Financial Liberty group to put your plan into motion today.