Go to College, get a job, work hard for 30-40 years, raise your family and then retire at 65ish years old.
Health/ Disability & Life Insurance
Helps provide Risk Mgmt. and Protection
Usually purchased thru their employer and/or personally
Extended Care Strategies
Helps provide Risk & Portfolio protection
Usually purchased thru their employer and/or personally
401k & IRAs
Helps provide Savings & Accumulation
Usually purchased thru their employer
Can be supplemented with personal savings & investments and/or
Cash Value Life Insurance (CVLI)
Helps Provide Protection and Tax Diversification *(thru access to the cash value in the life insurance policy, may decrease the death benefit & available cash surrender values.)
Social Security (SSi)
Helps provide Fixed Income
SSi is the most common source of fixed income. However, it can be supplemented through deferred or income annuities.
Pensions
Most folks don’t have a defined benefit pension anymore. If you are fortunate enough to have one, we can discuss how it fits into your financial house.