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Planning for your future should be a positive and empowering experience. At GenWealth Financial Advisors, our team of experienced professionals is here to help you discover, protect, and share true financial independence through a fully customized retirement plan.
How much base income will you need to meet your regular monthly expenses? How much do you need for all the enjoyable and exciting opportunities retirement offers? We help you answer those questions, so you’re better prepared for the next chapter in life. Our team works with you to build blueprints tailored to your dreams, needs, and savings for a sustainable retirement income.
Success starts with collaboration. We partner with you to help you understand your plan and the role your investments play in it. Our team shares our knowledge at every appointment, plus offers financial education resources to help you learn more about your retirement savings options and make informed money decisions.
Setting retirement goals is a core part of any retirement plan. We’ll help you define your goals and pursue them with a practical, personalized strategy for you. Your advisor will guide you in establishing measurable goals and timely benchmarks for a clear vision of your financial future.
The GenWealth Ready to Retire Process® starts with understanding your living expenses in retirement. Together, we’ll create an effective plan to meet them with predictable, guaranteed income. Once we’ve addressed your basic needs together, we move on to planning for the activities you want to do. We help you align short-term and mid-term investments to help pay for fun activities and longer-term options to help provide inflation-protected income in the future.
Pension plans are employer-sponsored benefits that give you a fixed monthly payout during retirement. Many corporate employers have discontinued or frozen pension plans, while they are still available through government employees and some unions. Your employer can clarify if you qualify for one and the potential benefits available.
There are generally two pension plan types — defined benefit and defined contribution. A defined benefit plan is fully paid for by the employer. They decide the fixed monthly amount you receive when you start the plan. Defined contribution plans allow deposits from you and your employer, with them matching a percentage of what you save.
The challenge with pension plans is that their payout options can be confusing to understand. At GenWealth, we’re happy to help. Our advisors can fully explain your choices when you need insights the most — namely, before making any payout decisions.
Diversification is a crucial part of any retirement savings plan, including which investments you sell to create income and when1. With the GenWealth Ready to Retire Process®, we’ll help you build a strategy based on your time frame and income needs. Our advisors collaborate with you to blend various short-term, mid-term, and long-term investments like:
Your GenWealth advisor will help design your overall income plan to use your hard-earned Social Security benefit in the most effective way. We have extensive experience knowing when to take Social Security based on your overall income plan. We also consider your tax situation to create an optimized income plan on an after-tax basis.
Annuities can be a powerful tool for retirement savings, yet the options can be challenging to understand. We can help demystify annuities and explain how they work. They might be appropriate if you want or need:4
You can use qualified and nonqualified (non-IRA) money to buy an annuity. Our team will help you determine if these options can work for your retirement plan.
Many retirees have built savings in their employer-sponsored plans. GenWealth Financial Advisors has extensive experience in 457, 403(b), and 401(k) retirement planning to help you explore and understand the options.
Typical choices for these plans once you retire include:
Each action has benefits and drawbacks, but an important consideration is how you intend to use the money. Your advisor can walk you through your options to help you decide what is in your best interest.
If you are over 70 years old, we can discuss your ability to save money on taxes when making a contribution to a charity or nonprofit organization. A qualified charitable distribution (QCD) from your IRA account is a common strategy that can help reduce your taxable income while supporting causes you care about. If you are subject to the IRA Required Minimum Distribution (RMD) rules, a QCD can count toward your RMD in the year you make the donation.
Our team takes a dynamic approach to helping you manage your retirement savings. We're education-driven, strategy-based, and team-delivered. We believe retirement is much more than just investments. It's about having a comfortable understanding of your plan, a proven strategy, and an experienced team to execute for you. It's also about helping you with tax and estate planning, asset protection, and more. Plus, enjoy many opportunities to expand your knowledge through our online resources and our live workshops held periodically throughout the year.
The team at GenWealth Financial Advisors has extensive retirement planning experience. We've helped individuals and families of all types build plans to retire confidently and comfortably. Your local GenWealth office has a Retirement Income Certified Professional® (RICP) who can help you tailor your retirement strategy to your goals, needs, and risk level.
Retirement will arrive before you know it — let’s work together to help you prepare for it! Start by scheduling a free consultation with an experienced advisor. We’ll discuss your current money situation, future goals, and options for helping you reach them. Connect with our team today to take the next step toward true financial independence.
Securities offered through LPL Financial LLC, Member FINRA / SIPC | Investment advice offered through Independent Advisor Alliance. Independent Advisor Alliance and GenWealth Financial Advisors are separate entities from LPL Financial. This website is intended for use by the residents of: AL, AR, AZ, CA, CO,CT, FL, GA, IA, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OK, OR, PA, SC, TN, TX, WA and WI. BrokerCheck
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