Pension and Retirement Planning

There are many types of pension plans and retirement vehicles available for individuals, LLC’s and corporations. Choosing the right plan for clients in order to meet their financial needs takes exceptional planning.

RETIREMENT PLANS AVAILABLE:

  • SEP – IRA
  • ROTH IRA
  • SIMPLE PLAN
  • 401 (k)
  • PROFIT SHARING PKAN
  • DEFINED BENEFIT PLAN
  • and MORE

How much retirement income will you need?

RJR Financial Firm believes the first step in the retirement planning process is accurately assessing how much retirement income you will need. Through careful analysis of factors such as age, financial responsibilities before and after retirement, and your goals and spending habits – a comprehensive target retirement income is established.

Where will the retirement income come from?

Once your target retirement income has been estimated, the sources of that income must be determined. Your retirement income will generally fall into one or more of the following:

  • Personal savings – cash and other convertible assets
  • Employer-sponsored plans – a defined benefit plan (i.e. pension plan) or a defined contribution plan (i.e. 401(k)).
  • Government sources – Social Security

Monitoring your progress –

Once a financial plan for retirement has been established, RJR Financial Firm will monitor the progress you are making toward your financial retirement goal and recommend adjustments as needed.