How we help our clients
What we do
Helping people make their retirement dreams a reality
Retirement Income Planning
A Customized Plan for You
According to a recent study, for a married couple age 65, there is now a 50 percent chance that at least one spouse will live to age 94.¹
This means that your retirement money may need to last 25 to 30 years or more. It is difficult to determine how much money you will need in retirement after considering such factors as: adjusting for inflation, navigating a volatile stock market or a new health care system, integrating social security or pensions along with your other investible assets.
It is imperative that you have a customized retirement income plan to make sure you don’t run out of money before you run out of life. Sixty-one percent of Americans are more afraid of outliving their assets than they are of dying.²
At Integrity Financial Service, LLC, we remove the fear and replace it with peace of mind and security. We put all the pieces of the income puzzle together for you. Call us today to get a no cost, no obligation, customized income plan built specifically for you.
¹Source: 2012 Individual Annuity Mortality Basic Table Projected for mortality improvement from base year 2013. American Academy of Actuaries
²State of the Insured Retirement Industry: 2012 Recap and a 2013 Outlook. Insured Retirement Institute.
IRA & 401(k) Rollovers
IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit upon your death.
A properly structured IRA may provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial scenario to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs.
When you change jobs or retire, there are four things you can do with the money in your employer-sponsored retirement plan:
- Leave the money where it is
- Take the cash (and pay income taxes and perhaps a 10% federal penalty tax if you are younger than age 59½ )
- Transfer the money to another employer plan (if the plan allows)
- 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, and we can help find the best vehicle for your situation to help conserve and grow your rollover assets.
At Integrity Financial Service, LLC, we are here to educate you on the universe of investment options that exist. Call us today to see if taking advantage of this rollover process is advantageous for you and your retirement dollars.
Social Security Planning
Thanks to new prescription drugs and medical technology, people are living longer than ever before. However, one drawback to a longer life is the greater possibility of outliving your savings – creating all the more reason to develop a Social Security and Retirement Income Plan designed to last a longer lifetime.
Claiming your Social Security benefits and navigating the complexity of the strategies available to maximize income in retirement is perhaps one of the most important financial decisions you’ll make in your lifetime. Knowing the correct strategy for your situation can literally mean the difference of hundreds of thousands of dollars over the course of your retirement years.
At Integrity Financial Service, LLC, we have an in-depth knowledge of the social security system and combine it with state-of-the-art software to run custom analyses for our clients on the optimal way to elect your social security benefits.
Trust & Estate Planning
Trust and estate planning is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially.
While the concept is simple, the vehicles, planning and implementation process can be rather complex. Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with an experienced trust and estate planning professional who stays current in this field and who can advise clients on a day-to-day basis.
At Integrity Financial Service, LLC, we have expertise in helping our clients create an estate plan to maximize the estate they leave behind and ensure that these assets are passed on as tax efficiently as possible, while avoiding probate.
Unfortunately, many people are still investing the same way they have for the past 30 or 40 years, not realizing how significantly the world of investing has changed. The old methods clearly won’t work anymore, but many people have no idea what will work.
The overwhelming majority of wealth management and investing is still done with the premise that the stock and/or bond markets will always go up over the long term. But the two most important questions to ask are these: Is that always true? And how long is long term? History shows us multiple decades in which this premise has not been the case. If someone is unfortunate enough to retire when the market goes flat or during a protracted down market, he or she faces the real risk of running out of money.
Let Integrity Financial Service, LLC, educate you on how to take the guesswork out of investing for retirement. We will expose the failures inherent in traditional methods of retirement planning, and give you a new way to think about money and investing.