Legacy Financial Planning

Retirement & Retirement Income Planning Specialist

Ask yourself about these challenges we face .......

Will My Golden Years Be Golden?

How Long Will I Live and Will I Outlive My Money?

Fact: Many people underestimate their life span and risk outliving their assets.  There is a 50% chance that at least one member of a healthy 65-year-old couple will live to age 92 and a 25% chance that at least one member of 65-year-old couple will live to age 97.

Will I Be Able to Afford Healthcare?

Fact: Rising health care costs coupled with inadequate health care coverage can have a devastating impact on a retirement income plan.  Fidelity estimates that a 65-year-old retiring in 2009 will need approximately $240,000 to $415,000 to cover medical costs in retirement.  This is Out Of Pocket Costs!

Have I Considered Inflation?

Fact:  Inflation increases the future costs of goods and services and may erode the value of assets set aside to meet those costs.  Bank CDs ARE NOT keeping up with inflation.

Will My Investments Provide For Me?

Fact:  Even in retirement, the key to long-lasting income may depend on a balanced investment approach and strategy.

How Much Can I Receive In Retirement and Make My Savings Last?

Fact:  The withdrawal rate you decide on can dramatically affect how long your money will last.  This is a variable that's largely in your control.

We are all facing greater responsibilities for financing our own retirements.  Pensions are declining and Social Security, once the foundation for retiree income, now provides only 20% of the average household's retirement income.  You could spend as much time in retirement as you have spent saving for it. 

Are you ready..............?

We can build a retirement and income strategy the is appropriate for you and Guarantee Income For Life.* You can have a continuous paycheck in retirement!

Thank you for visiting....

Dano W. LoPresti, CFP®, ChFC®, AIF®

CERTIFIED FINANCIAL PLANNER™

CHARTERED FINANCIAL CONSULTANT™

ACCREDITED INVESTMENT FIDUCIARY®

*Guarantees are backed by the claims paying ability of the company offering them and may not be suitable.
Calculators

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

LTCI Cost of Waiting

Estimate the potential cost of waiting to purchase a long-term care insurance policy.

Retirement Portfolio Lifespan

How Long Will Your Funds Last?

Financial IQ Test

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Newsletters

Fixed for Life

More than 40% of Americans ages 36 and older are at risk of running out of money in retirement, according to a retirement readiness study. In fact, almost one-third of people with upper-middle incomes and 13% with high incomes may not be able to pay for basic retirement expenses and uninsured health-care costs after two decades in retirement.

HOT TOPIC: Debating the Debt Ceiling

There has been substantial debate in Congress over raising the ceiling on the national debt. Although many Americans could be adversely affected if Congress decided not to increase the debt ceiling, this is unlikely to happen.

Help Keep Your Estate Out of Probate

Anyone who has seen an estate go through probate knows that it's the legal equivalent of having a tooth pulled. But just like tooth decay, probate may not be entirely avoidable.

Insurance for Two Could Benefit Your Heirs

Survivorship life insurance offers a way to help a couple's heirs pay estate taxes, probate costs, and other final expenses — and could be especially important after 2012 when the federal estate tax is scheduled to be significantly higher. Even if the estate tax doesn't apply to an estate, the insurance proceeds could benefit heirs or a favorite charity.

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