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Get Smart About Retirement
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Wednesday, June 15, 2016

Planning for retirement is centered on doing your best to mitigate future risks. But what if you could eliminate some of the most common risks with the right plan, rather than attempt to navigate them as a matter of course?

The three biggest risks to your retirement are:

  1. The need for long-term care
  2. Market sequence
  3. Taxes

Risks Associated with Long-Term Care

It’s extremely likely that you and your partner will need some form of long-term care during your life. On average, Americans can expect to spend a minimum of 2 ½ years in a retirement community, which in 20 years may cost as much as $500,000 per person. If both partners need long-term care it’s possible that your retirement savings could be exhausted prematurely.

Smart Long-Term Care Plans

A smart long-term care plan is ensures lifetime benefits as long as you need them. Additionally, the right plan can ensure that your unused benefits pass on to your beneficiaries, tax-free.

Market Sequence Risks

The nature of the market is to swing. Up one day, down the next. This is something we weather all the time, but it can be catastrophic if the drop is substantial right before or after your retirement. A significant loss in assets in the years preceding or immediately after retirement can mean that you’ll outlive your money.

Smart Retirement Plan

There’s no reason to be subject to the volatility of the market when you can secure your retirement with a plan that only rises with the market—but never dips. Your money grows tax-free, is distributed tax-free, and can be passed on to the next generation tax-free. And what if you want to retire early? A smart plan ensures that you aren’t subject to age restrictions.

Tax-Associated Risks

Qualified accounts are subject to taxes just like income, which means that you will need to save as much as 30% more than you actually need in retirement, just to pay the government. And that’s if tax rates remain the same for the next 20 years—extremely unlikely!

Smart Tax Plan

When you set up a plan for guaranteed income during your retirement, you can ensure that your money grows tax-free, is distributed tax-free, and can be passed on to the next generation tax-free. So no matter what the tax rates are in 20 years, you won’t be paying a penny!

If you’re interested in learning more about setting up a smart retirement plan, give our office a call today. We can set up a free consultation and explain how you can retire smart.


Blog Categories

  • Retirement
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    • 07/14/2016 - Smart Retirement: Set Up a Liv
    • 06/15/2016 - Get Smart About Retirement

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Norm Falick    Norm Falick has been a real estate broker and
founder of Camargo Realty, business owner and
founder of Prographics Printing, Series 7 Financial
Advisor at Merrill Lynch, and has been planning
retirements for over 20 years.


11999 Timberlake Drive
Cincinnati, OH 45249
Phone: (513) 604-6657