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Retirement Planning Services

Why Should You Work With a Thoroughbred Advisor When Planning for Your Retirement?

Many of our clients have never worked with an individual or company who cares as deeply as we do about your success. We believe in delivering significant value and then giving the space to our potential clients on whether they would like to work with us or perhaps look at some other options.  Our work speaks for itself but we will let you be the judge of that with no other commitment than to give us some of your time and openness to sharing what is important to you and your family.

Retirement planning is a comprehensive process that can help you accomplish four things:

1. Helps you determine how much money you will need in retirement.

2. Helps you consider the many factors that can alter your income needs.

3. Helps you determine how much to save each year to reach your goals.

4. Provides guidance on how to save.

What is Retirement Planning? 

The term Financial Planning encompasses many topics, none more popular than Retirement Planning.  From the day we start working, we imagine that magical time when we can finally be in a position to not have to work.  We have noticed that Retirement Planning has seemed to transform over the years. In the past, many of our clients could fire off a quick answer to the age at which they wanted to retire. 

Today, Retirement Planning has become much more about lifestyle planning, not just today, but for the rest of our clients lives. Many of our clients want to be in a position to not have to work, but plan to continue to work in some capacity.  So at its core, we believe retirement planning is a process of defining what that means and looks like for you and putting in place the strategies to allow a sustainable lifestyle after you “stop working”.  

What Are the Benefits of Retirement Planning?

Regardless of where you are on your journey, now is the time to begin Retirement Planning.  The sooner you can define what that means to you, the sooner you can align your actions and resources to ensure this will be sustainable.  In our experience, Retirement Planning has brought many benefits to our clients.

Common Benefits of Planning for Retirement Now

  1. Less stress later on
  2. Ability to make more efficient career-related financial decisions
  3. Income tax reduction
  4. Provide benefits to your heirs or your favorite charitable causes


How Does Retirement Planning work?

Retirement Planning is one piece of the overall Financial Planning Process.  When done properly, it is a by product of a sound financial planning experience. It involves a deep discussion about what you value, involves a lot of education, followed by action steps to move you closer to achieving that important milestone.

The Different types of Retirement Plan Options We Work With

401(k)s

A 401(k) plan is a tax-advantaged, defined-contribution retirement account offered by many employers to their employees. 

IRA’s

An IRA is a stand-alone tax deferred account that enables you to save money for retirement. It can also act as an investment account that gives you a place in which to roll over any employer-sponsored retirement plan assets like from a 401(k) when changing jobs or retiring. 

Traditional IRA’s

Contributions made to this account may be tax-deductible, and any individual who has earned income, or whose spouse has earned income, may contribute as long as the IRA account holder has not reached age 70½ by the end of the contribution year.

Roth IRA's

Contributions to Roth IRAs are not deductible from current income, but earnings may generally be withdrawn tax-free as long as the account has been in place for at least five years and the distribution takes place after age 59½. Depending upon state law, Roth IRA distributions may be subject to state taxes. There is no minimum distribution requirement and contributions are still allowed after you reach age 70½.

403(b)’s 

A 403(b) plan is a retirement savings plan for employees of public schools, non-profits and certain churches. This is a retirement plan in addition to any type of pension your employer may offer. With a traditional 403(b) plan your contributions are tax-deferred, meaning you pay taxes on the money when you take it out of the plan. With a Roth 403(b) plan you pay taxes on the contributions up front, but the money grows tax-free.

Annuities

An annuity allows a customer to deposit money (premiums) with an insurance company that can earn interest and grow on a tax-deferred basis with the agreement that the insurance company will then provide a series of payments back to the customer at regular intervals.

Pensions

pension is a type of retirement plan that provides monthly income in retirement. Not all employers offer pensions. Government organizations usually offer a pension, and some large companies offer them.

CD’s

A certificate of deposit (CD) is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.


Common Questions and Concerns We Hear About Retirement

We've helped our clients retire with confidence by helping them get answers to questions like: 

  1. Will I run out of money?
  2. How do market conditions affect me?
  3. What happens to my money if I die?
  4. Will I have access to my money?
  5. Can I afford to retire?
  6. When Should I Begin Taking Social Security?
  7. How Long Will My Money Last?
  8. How Much Money Do I Need to Retire?
  9. Should I Buy an Annuity?

Have you asked yourself any of the questions from above? Then schedule a free consultation with us today so we can help.


Learn More About Thoroughbred Advisors

Become a Client

We strive to build long-lasting relationships with our clients, offering education and financial guidance. Learn more about becoming a Thoroughbred Advisors' client.

Become a Client

Our Services

Discover the wide array of services we offer our clients. Including Financial Planning, Retirement Planning, Investment Management, Life Insurance and more. 

Our Services

Our Process

We are a process and solution driven independent firm, not a product-driven one. We craft individualized financial strategies for each and every one of our clients. 

Our Process

Who We Are

Thoroughbred Advisors is represented by a growing team of Financial Representatives and Financial Advisors serving the Capital Region and beyond. Discover what makes us a unique independent advisory firm.

Who We Are

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