Retirement income planning, asset protection and business planning in Fremont.
Each plan starts from the same question: what has to be true for you to never run out of money? Pete builds backward from the answer, with a plan that holds up when the market does not.
An income plan for both of you, for as long as either of you lives.
Pete maps every source of income you will have, when each one starts, and what fills the gap between them. The plan names each of the six retirement risks and says what it does about it.
Read: How much of your retirement income should be guaranteed?
- Which essential expenses are covered by income that does not depend on the market
- What a bad first five years of retirement would do to the plan
- When each spouse should claim Social Security
- The order to draw from taxable, tax-deferred and Roth accounts
- What the surviving spouse’s income looks like at the first death
Keep growing your savings without leaving the principal exposed.
A 30 percent drop a year after you retire can take years off a plan. This part of Pete’s work is about strategies where the principal is not on the line every time the market has a bad month, including fixed and fixed index annuities and other insurance-based options, explained in plain English with their costs and limits.
- How much of your savings needs protection and how much can stay invested for growth
- Fixed and fixed index annuities: how they work, what they cost and when to avoid them
- Long-term care: self-funding, traditional coverage or hybrid policies
- Inflation over a 25-year retirement
- A review schedule so the plan keeps up with your life
Plan for the tax on every withdrawal before it arrives.
If most of your savings sit in traditional IRAs and 401(k)s, every dollar you take out is taxable, and required withdrawals start at 73 or 75. The years right after you stop working are often the best window to change that.
Read: Required minimum distributions: when they start and how to plan for them
- Projected required minimum distributions at 75, 80 and 85
- Roth conversions in the low-income years before RMDs
- Medicare premium thresholds (IRMAA)
- Charitable giving straight from an IRA
- Working with your CPA so the plan and the tax return agree
For owners who are the business.
If the business stops when you stop, the plan has to account for that. Pete works on succession timing, buy-sell funding and key-person coverage, and on a retirement that does not depend on selling at exactly the right moment.
- Key-person and buy-sell coverage
- Owner retirement plans that work alongside the business
- How succession timing changes your retirement income
- Protecting the family if the owner is the one who dies first
Four steps. The first one is free.
A 30-minute call
Where you stand, what worries you, and whether Pete is the right person to help. There is no cost and no obligation.
The full picture
Income, accounts, insurance, taxes and the business if you have one. Pete checks each of the six risks against what you already have.
The written plan
In plain language, with what each piece is for and what it costs. You see the whole plan before you decide on any part of it.
Regular reviews
Life changes, and so do tax rules. The plan gets reviewed on a set schedule and any time something big changes in your life.
Find out which of the six risks your plan leaves open.
It costs nothing and you are not signing up for anything. You talk with Pete himself, by phone or video, or in person at the Fremont office.
Rather call? (510) 396-4627