Services

Retirement Income Planning

Your retirement income will likely come from a combination of three sources: Social Security, Pension, and Retirement Savings. The retirement income planning that we do seeks to help you get what you deserve from each of these three sources to the greatest extent possible.

Social Security

The decision on when to take Social Security is one of the most important decisions a retiree can make. The difference between taking Social Security at one age vs. another can result in potential substantial added income over your lifetime. EVERY situation is unique and requires careful consideration and analysis before a decision should be made. We guide our clients through this decision and will provide them with the information they need to make an educated decision about their decision.

Pensions

If you’re fortunate enough to have a pension available to you, you undoubtedly are aware of how valuable such a benefit could be to your overall retirement. Similar to Social Security, it’s critical for you to carefully evaluate your pension options so as to maximize the lifetime income you will receive. We help our clients evaluate this decision by providing a comprehensive analysis to help them weigh their options.

Retirement Savings

Making the most of your retirement nest egg is important to you and us. We’ll help you craft a customized retirement income distribution plan and explore the various investment, savings, and insurance options available to you as you transition from the accumulation phase in your life to the distribution phase.

Insurance Planning

For many, insurance is the foundational piece to their comprehensive financial plan. Many people wrongly assume that insurance no longer needs to be a part of their portfolio once they’ve retired. We help our clients make sense of their insurance decisions and help them to understand the important role it may play in their retirement plan.

Tax Reduction Planning

“It’s not about what you make, it’s about what you get to keep.” Our tax reduction planning is focused on helping you to reduce your tax burdens now and in the future. Every plan we create for our clients is crafted with a careful eye towards tax reduction.

Long Term Care Planning

Statistics suggest that the majority of Americans will need long term care services at some point in their lifetime. These services can be costly and wreak havoc on an otherwise sound financial and retirement plan. We’ll help you evaluate your options and develop an emergency action plan so you can be more confident in how you’ll pay for these services should the need arise.

Legacy Planning

Your legacy is about much more than just money. Your legacy consists of your values, the memories you leave behind, and much more. The goal of our legacy planning is to enrich the lives of your loved ones once you are no longer physically with them. This includes, but is not limited to, transferring your assets to them in a tax-friendly manner with as little government interference as possible. While we aren’t attorneys, we work closely with the attorneys of our clients in order to provide them with more confidence about what will happen to their legacy after they are gone.

Investment Planning

We firmly believe that you should always plan first, and invest second. Investing is secondary to planning. However, investment management and planning is a large part of what we do at Asset & Income Management, Inc. We’ll help you assess your risk and identify areas of opportunities for you as you invest for your future in retirement. We work with a number of different financial institutions to help provide investment guidance and direction to our clients.