RETIREMENT ROADMAP
At Torrey Pines Financial our Retirement Roadmaps are designed to guide you through the entire retirement planning process - giving you the right strategies at the appropriate time. We build customized strategies that focus on the 4 unique pillars of success:
1. Accumulate & Grow Wealth
2. Protect & Preserve Your Life Savings
3. Tax Efficient Retirement Distribution Planning
4. Legacy Planning
1. Accumulate & Grow Wealth
2. Protect & Preserve Your Life Savings
3. Tax Efficient Retirement Distribution Planning
4. Legacy Planning
ACCUMULATE & GROW WEALTH
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Accumulating and growing your nest egg is vital to the success of your retirement plan. During this phase of the planning process, our clients are contributing to their IRA's, 401K's, and other Investment accounts. However, accumulating wealth is only half of the equation. Many people do not stop to think about the implications these contributions will have on their income during retirement. Haphazardly contributing to one investment vehicle or another can cause serious harm to the health of a portfolio later in the retirement process.
We work with our clients to educate them on the various investments vehicles, future tax implications of these vehicles and potential pitfalls that can be avoided by investing strategically. We aim to help our clients accumulate as much |
wealth as possible during his phase of their retirement journey, but we want them to do so in a manner that will optimize their after tax retirement income when they begin distributions. By accumulating the mathematically ideal amount in each investment vehicle, we can help ensure
PROTECT & PRESERVE LIFE SAVINGS
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While the accumulation phase is essential to the longevity of your retirement plan it is only the first step in a very long journey. Once individuals start to near retirement their needs shift, and with this shift a new approach is required to protect & preserve your life savings.
In this stage of the Retirement Roadmap we work with clients to ensure they fully understand their various options available that are aimed specifically at asset preservation. A large part of this focuses on identifying the 4 major risk factors in retirement (market risk, tax rate risk, longevity risk and long term care risk) and building strategies into their roadmap to mitigate or eliminate these risks. |
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When planning for a 30 year retirement there are many pitfalls that quickly eat away at your life savings. Putting a written plan together that takes into account these retirement risks will help ensure you do not outlive your money.
TAX EFFICIENT DISTRIBUTION PLANNING
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One of the greatest risks that would be retirees face today is tax rate risk. While the common belief is that we will pay less in taxes in retirement, the reality can be very different. Many retirees find that they are actually paying more in taxes compared to their working years.
It is common for retirees to lose most, if not all, of their tax deductions from their working years. This coupled with distributions from accounts that cause Social Security taxation and Medicare surcharges can leave a significant hole in any well thought out plan. At Torrey Pines Financial we build out distribution strategies that are as tax-efficient as possible, helping the longevity of your retirement plan. |
LEGACY PLANNING
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In the final stage of the Retirement Roadmap the focus turns to leaving a legacy for your loved ones. With the heavy lifting of retirement planning done, looking to pass on a legacy may become increasingly more important to you.
Whether you want to leave a sizable inheritance to your children, help pay for your grandchildren's college tuition, or support your favorite charity, legacy planning can be one of the most rewarding part of retirement. Understanding how to pass your assets on to the next generation in the most tax efficient methods possible is key to maximizing your legacy. At Torrey Pines Financial we work with our clients early to have discussions about their legacy goals and aspirations |
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Building these goals into your overall strategy will help pass your assets onto your beneficiaries in the most advantageous methods possible, helping ensure your legacy can live on for generations to come.
Torrey Pines Financial is a registered investment adviser. Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements, or after being excluded or exempted. This site has been designed for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced upon the site. Such offers can only be made where lawful under applicable law. Torrey Pines Financial does not intend to provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. Torrey Pines Financial does not, and this site does not intend to, render tax or legal advice.