Financial Planning

Retirement Prosperity Planning™ - Tax Reduction Planning & IRA Strategies

Retirement planning is about more than money!

At some point in life, you realize that life is about more than money. You experience that aha moment when it dawns on you that a meaningful and significant life shouldn't be spent in pursuit of money; instead, you realize that money is simply a tool that should be used in pursuit of a meaningful and significant life!

Unfortunately, most financial advisors focus only on your accounts and amounts. They seem to work under the assumption that money alone equals a fulfilling retirement. But this approach can have some adverse side effects. Those who retire without purpose often feel like they've peaked and are no longer needed, report suffering depression, and often feel disconnected from society. What a terrible way to spend the second half of life.

At Faithful Steward Wealth Advisors, I view retirement planning a little differently. I believe that money, when combined with purpose and planning, leads to a truly fulfilling retirement. Retirees leading purposeful lives often report higher life satisfaction than those lacking purpose. In addition, retirement based on a life filled with purpose has been linked to improved health and longevity. The most successful retirees are those that can't wait to get started on the next phase of life.

How can you retire with meaning and purpose? Your answer to this question should be the driving force behind your financial and retirement planning. After all, retirement is your opportunity to write the story of the second half of your life. We'd love to hear about your vision of retirement and discuss how we can help make it happen.

Retirement Prosperity Planning™ Services

Our financial planning services are offered in three tiers of services in order to meet the varying retirement planning needs of our clients.

Basic Retirement Prosperity™ Plan

The Basic Retirement Prosperity™ Plan is not a comprehensive financial planning service. Services are limited to the following:

• Retirement Planning

  During the years leading up to retirement, we assist our clients in creating and growing wealth and positioning their investments in preparation for the transition to retirement. We also help with Social Security filing strategies and analysis of various pension options. During the retirement years, we help our clients preserve their wealth and generate a reliable income so they can enjoy the lifestyle they’ve worked to achieve.

• Cash Flow Planning

  We’ll help you analyze your income and spending, understand good and bad debt, and make sure you have enough cash set aside for emergencies and opportunities.

• Investment Planning

  We’ll provide you with an objective and unbiased investment allocation recommendation or investment management implementation. And, we’ll take into account taxes, risk tolerance, portfolio construction, and the location of where those assets are held.

Cost = $1,000

Estimated 2-6 week planning process which includes 3 meetings and email support for up to 3 months after completion of the plan.

Includes access to online professional planning software for up to 3 months after completion of the plan.

The Basic Retirement Prosperity™ Plan is best suited for households with incomes of $50,000 or less and/or total investments of less than $500,000.

Standard Retirement Prosperity™ Plan

The Standard Retirement Prosperity™ Plan includes all of the services provided in the Basic Retirement Prosperity™ plan plus the following additional services:

• Tax Planning

  Taxes are at the core of financial planning. We’ll review your previous tax returns, explore opportunities to reduce current year and future taxes, and discuss potential tax consequences throughout the year.

• Healthcare Planning

  With healthcare consuming so much of everyone’s annual budget, it makes sense to focus on ways to manage these expenses. We have found that many of our clients appreciate help with choosing their healthcare plans, including Medicare, Medicare Supplement (Medigap) insurance policies, and Medicare Advantage plans.

• Estate Planning

  Helping our clients to pass on their wealth is another critical aspect of financial planning. We can provide guidance regarding estate planning issues such as wills, trusts, powers of attorney, healthcare directives, beneficiary designations, and more. We also help clients to avoid costly mistakes regarding account titling issues and beneficiary designation language.

• Insurance Planning

  Life insurance and long-term care insurance can be complicated. We’ll thoroughly review your current insurance policies to make sure what you have is what you need. If we discover you have more than you need or that you have gaps in your protection plan, then we’ll let you know and provide appropriate recommendations.

• Education Planning

  There are lots of options when it comes to education planning for your kids or grandkids. We will help you analyze your need and the options available to you.

Cost = $2,200

Estimated 4-8 week planning process which includes 4 meetings and email support for up to 3 months after completion of the plan.

Includes access to online professional planning software for up to 3 months after completion of the plan.

The Standard Retirement Prosperity™ Plan is best suited for households with incomes of $50,000 to $200,000 and/or total investments of $500,000 to $1,000,000.

Premium Retirement Prosperity™ Plan

The Standard Retirement Prosperity™ Plan includes all of the services provided in the Standard Retirement Prosperity™ plan plus the following additional services:

• Employee Benefits Planning

  We'll review your company's retirement plans, insurance coverages, and benefits in order to incorporate them into your financial plan and maximize their value to you.

• Executive Compensation

  We will help you review your executive compensation plans and provide ideas and guidance on things such as employee stock options, employee stock purchase plans, deferred compensation plans, employment, and severance agreements. This is done in order to maximize the benefit to you and to understand these provisions within the context of your financial plan.

• Charitable Planning

  Whether you are giving now or giving upon your death, there are strategic ways to give to your favorite charities. We help you explore the various methods that exist, in order to reduce your personal taxes and maximize the impact of your gift.

• Legacy & Wealth Transfer Planning

  What kind of impact do you want to have and what kind of legacy do you want to leave? We believe that it’s important to pass along both wealth and wisdom to future generations. We can help you have a lasting impact on the people you love and the causes you’re passionate about.

Cost = $3,600

Estimated 4-8 week planning process which includes 4 meetings and email support for up to 6 months after completion of the plan.

Includes access to online professional planning software for up to 6 months after completion of the plan.

The Premium Retirement Prosperity™ Plan is best suited for households with incomes of $200,000 or more and/or total investments greater than $1,000,000.

It all starts with a free consultation.

Get started on the path to Retirement Prosperity.