A thorough retirement income plan should include Social Security, RMDs, life insurance, pensions, annuities, optional income you can’t outlive, tax minimization, long-term care, and more. We provide these components in a comprehensive, actionable place to serve as a road map for your retirement.
This type of income planning includes life insurance and long-term care. The right kind of life insurance can be the backbone of a sound financial plan. The life insurance we provide typically comprises of terminal illness, chronic illness (long-term care), and critical illness protection.
Hybrid strategies available today are flexible and can be used in several different ways. We also provide life insurance that can help people accumulate cash values and, if structured properly, be accessed in a tax-efficient manner.
Everyone needs a strategy to help optimize Social Security benefits. However, many don’t have one, and there is much to consider. Whether it’s reducing taxes on Social Security, deferring, or recalculating, Schaner Financial can help you put together a Social Security action plan to help you maximize your benefits.
What are RMDs, and when are they required? How is the amount of an RMD calculated? How will RMDs affect your overall income plan in retirement, and how can you plan for retirement withdrawals from your nest egg? We can help you with an RMD strategy so that you can safely withdraw them and use the funds however you wish.
When you come in for tax planning, we create a personalized tax map for you. The new tax plan could mean new tax strategies. As important as it is to be investment-diversified, we believe it is equally important to be tax-diversified. Our team helps our clients determine whether it makes sense to strategically withdraw pre-taxable retirement dollars now and convert them into Roth IRAs and other after-tax vehicles so that you can potentially pay less tax now instead of more down the road.
We will review your network of doctors, the prescriptions you take, and any procedures or surgeries you have coming up to match you with a plan that best fits you.
We are an independent firm contracted with major carriers and focused on client care. Your agent assistance doesn’t end with your application submission. We are available to you year-round to assist with questions, concerns, or plan changes (during appropriate periods).
Whether you are new to Medicare or wanting to review and change your plan, Schaner Financial can help. Why spend all day driving all over town shopping for a plan? One visit to Schaner Financial can help you with your needs.