Retirement Financial Planning
How much do I need for retirement? When can I retire? What options do I have?
Retirement planning is an integral part of most of the financial plans developed for you at Open Range, and these are just some of the questions you face with as you begin the retirement planning process.
- With tax laws regularly changing, retirement planning becomes increasingly complex. You'll be assisted in developing the right retirement strategies to suit your goals and comfort level as well as to take advantage of tax saving opportunities. These can be simple steps or, at your option, Open Range can create a written financial plan that, like a roadmap, will help you to your final retirement destination.
- One important aspect of any retirement investments is the balance of return and risk. At Open Range Financial Group, you - with expert assistance - determine the amount of return and risk to insert in your personal retirement planning strategies and will periodically review your goals and strategies to be sure they remain on target.
- Open Range Financial Group will also help you determine whether assets and retirement income should be in your name or the name of a trust or other entity. Structuring your investments ahead of time can have a significant effect on the net amount of funds available for your estate after taxes.
What are some of the more common retirement investment account options?
- Traditional IRA, Spousal IRA, Nondeductible IRA
- Roth IRA
- 403(b) TSA
- SEP – Self Employed
- SEP – Employee
- Defined Benefit
- Profit Sharing
- Money Purchase