Retirement Planning in Berwyn, PA

As retirement advisors, we work closely with our clients to provide them with retirement planning advice that gives them the best chance of achieving their long-term financial goals.

At Spectrum Financial Group, Inc., we believe that it is essential for those who are retired or nearing retirement to understand the best ways to navigate the complexities of planning and saving for retirement. When you work with a Spectrum Financial Group financial advisor, you are working an Income Specialist who understands the best ways to help preserve your savings, so you can use it as a renewable source of income for retirement.

Retirement Financial Planning

As retirement advisors, we work closely with our clients to provide them with retirement planning advice that gives them the best chance of achieving their long-term financial goals. Our retirement planning services include strategies that can help you:

  • Generate steady income in retirement
  • Minimize your exposure to market risk
  • Maximize your tax savings

Although the growth-based financial strategies you used during your working years might have been effective in helping you grow your retirement savings, those same strategies could jeopardize your financial security in retirement.

That’s why some of the best retirement investment plans recommend that you should reduce your exposure to financial strategies that rely on stock market growth once you near retirement. Instead, it makes sense to work with a retirement consultant who can help you focus on income-based strategies designed to help you preserve your savings, so you can use it as a source of ongoing income. This is known as Investing for Income.

This does not mean that you cannot remain invested in the stock market once you near retirement. Certified retirement financial advisors and retirement specialists can help those with the ability to endure some level of market risk, invest in high dividend-paying stocks as a way to enjoy steady income in retirement.

Retirement Income Process, Strategies, and Solutions

  • Create an effective retirement income plan to maintain a client’s desired lifestyle over the course of retirement.
  • Identify retirement income needs and objectives and evaluate the client’s current situation relative to those goals.
  • Choose appropriate strategies to address income gaps.
  • Evaluate taxation, estate issues, and other risks to the retirement plan.
  • Prepare alternative solutions to mitigate plan risks.
  • Choose appropriate strategies for monetizing assets over the retirement period.
  • Integrate approaches, risks, products, and strategies to create an effective retirement income plan.

Sources of Retirement Income

  • Recommend the optimal Social Security claiming age appropriate for each client’s situation.
  • Choose the optimal retirement age.
  • Choose appropriate uses of annuities.
  • Evaluate sources of retirement income including executive
  • Benefits, life insurance, benefits provided for federal employees and planning for business owners.
  • Understand the issues in building a retirement portfolio.

Managing the Retirement Income Plan

  • Choose a tax-compliant and tax-efficient strategy for plan withdrawals from tax-advantaged plans.
  • Recommend the best health insurance options for clients.
  • Select a method for funding long-term care needs.
  • Help a client with retirement housing decisions.
  • Consider the ethical issues in retirement income planning.
  • Create and manage retirement income portfolios appropriate for each client’s situation.

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More Services

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Social Security Maximization

Receive a personal Social Security strategy based on your financial situation.

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Tax Planning Services

When a financial plan is structured with tax planning in mind, the result is minimized taxes allowing for more preserved wealth.

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Estate Planning

Estate planning can help ensure your assets will be there for those you love after you are gone and is one of the most loving things you can do for your family.

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Certified Financial Advisor

We help our clients create a comprehensive financial plan that will help them achieve their goals.

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Rollover IRA

Our advisors can give you guidance on IRA’s whether it is opening, investing or managing what you already have.

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2022 Medicare Supplement Plans

Medicare can be confusing with so many moving parts. Let us help you make sense of it and simplify the process.