What makes us Different

"Retirement Wealth Planners is not your ordinary wealth management and financial planning firm. Established in 2012, we created Retirement Wealth Planners so we can offer independent financial advice and solutions to our clients."

We are an Investment Fiduciary

Simply put, that means we’re legally obligated to always act in our clients’ best interests. Think of an investment fiduciary as a trustee, someone who is given and accepts the responsibility of managing assets for someone else.

Working with an investment fiduciary benefits you in several ways. Not only are they open and transparent, but the fiduciary standard includes providing guidance that is objective, considered beneficial to you, and fees that are clear and upfront.

We are Independent

Our status as an independent financial services firm means that we can offer investments, products, and solutions from almost any company under the sun to best meet your needs. Any recommendation we make to a client will never involve any type of propriety product because we have none. We are affiliated with LPL Financial, and they act as our broker-dealer. LPL Financial is a Fortune 500 company, and is the #1 Independent Broker/Dealer in the U.S as reported by Financial Planning magazine, June 1996-2020, based on total revenue. LPL Financial’s comprehensive support, diligent compliance department, top-line technology, market research, and a broad range of innovative solutions allow Retirement Wealth Planners the freedom to serve our clients’ best interest and needs. Our independence serves as a basis to create a personalized investment strategy tailored to meet your financial goals.

We have expertise in Retirement Planning

The way people retire is quite different than it was 20 years ago. A paradigm shift has occurred, which means you need to change your way of thinking and approach towards your retirement goals. If you are still planning for retirement like your parents did, you could be in for a big surprise. We specialize in Retirement Planning and have earned the Retirement Income Certified Professional (RICP®) designation. This credential coupled with our experience over the past 20 years gives us an advantage over other firms in preparing a personalized plan to pursue your goals and prepare for the retirement you deserve! Here’s a look at how much retirement has changed, and why you should get a first or second opinion from Retirement Wealth Planners on your existing strategy.

Living Longer Changes Everything

Americans who have reached the age of 65 have a life expectancy of 85, and if you are married there is a 50% chance one of you will live past age 90. This is the reason why not a single Fortune 500 company has offered a pension to their employees in over 50 years. The risk of outliving your savings is very real for those who fail to plan.

Retirement Could Last for Several Decades

Baby boomers might spend 25 or more years in retirement, which is a chance to do something new and meaningful. Americans are also retiring at a younger age. In the 1950’s, the average age Americans retired was 66 vs. 62 today (four years earlier.)

There is an American Retirement Crisis happening when you factor that people are retiring earlier and living longer. In the past retirement was a 15-year extended vacation funded by pensions and social security. Your retirement may last 50% longer than your parents’ retirement. Are you prepared?

A Shift From Pensions to 401(k)s

The decline in pensions has been ongoing for the past 30 years. Many companies have frozen old plans and converted to 401(k) options for their employees. In fact, there has not been a single Fortune 500 company offering a new pension benefit in over 50 years. Most retirees no longer have a traditional pension that provides a guaranteed inflation-adjusted lifetime income stream for as long as they live. The responsibility for saving for retirement has shifted from the employer to the employee. It is up to you to generate an inflation-adjusted income stream that may need to last between 20-30 years in retirement. Let us help you!

CD’s and Bonds Generate Less Income for Retirees

Low-interest rates mean that pre-retirees and retirees are earning less money on savings in conservative investments like CD’s and bonds. The 10-Year Treasury was around 4% 10 years ago, and it is currently under 2%. That makes it difficult for savers and retirees to generate the income they use to. Without professional assistance, some are now forced to choose between spending less money in retirement or taking more risk with their investments for the potential of higher returns. Do you know if your returns are in line with the amount of risk you are taking?

Historically Low Taxes

The Tax Cuts and Jobs Act of 2017 pushed tax rates to historic lows, while the National Debt has ballooned to more than $28 Trillion Dollars. While nobody can predict future tax rates, logic would dictate that there is a strong possibility that you will be in a higher tax bracket in retirement. We can help clients’ take advantage of current tax laws and create a flexible tax-efficient retirement income distribution strategy when they reach retirement.

Higher Health Care Costs

Medical costs continue to rise faster than inflation. A 65-year old couple retiring in 2019 can expect to spend approximately $285,000 on health care expenses throughout retirement, up from an estimated $240,000 in 2009. It may be advantageous to have an FSA (Flexible Spending Account) or HSA (High- Deductible Savings Account) in your overall retirement income strategy. Have you ever considered either?

We Provide Comprehensive, Holistic Financial Advice

At Retirement Wealth Planners, we don’t just focus on one piece of your financial puzzle, we offer everything from investment management to retirement planning. Retirement Wealth Planners was founded to address the most important areas of your financial plan. Our services include:

Comprehensive, financial planning
Investment and portfolio management
Retirement income planning
Social security planning
Life and Long-term care insurance and solutions

All our services are customized for each clients’ unique set of circumstances. We want to be an advocate for you and your loved ones. As your needs, goals, or circumstances change, we will be right here beside you offering our advice, support, and guidance. We are here to celebrate your successes and work together through any challenges that life may present. We will also work alongside your other professionals such as attorneys and CPA’s in order to best serve you.

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