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

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Retirement Portfolio Lifespan

How Long Will Your Funds Last?

Financial IQ Test

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Newsletters

Preparing to Turn the Corner

What happens to a multiple-owner business when one of them chooses to retire or must leave suddenly for some other reason? Death, disability, divorce, & bankruptcy are just a few of the events that can affect one owner and threaten the future of the business. This article discusses the reasons why it may make sense for a small business to have a buy-sell agreement in place.

Variable Annuities and Your Retirement Strategy

An insurance product may appeal to pre-retirees who want to invest more of their current incomes for retirement and defer taxes on market gains. A variable annuity enables investors to pursue investment gains with the option to purchase guarantees (for an additional cost) to help protect against the downside risks of investing in the markets.

For Better, For Worse: Communicating About Retirement

A recent study indicates that couples are not communicating clearly about retirement goals and strategies, even as they approach retirement age. This article offers suggestions to open a dialogue and encourages couples to discuss their retirement needs and desires with each other and with their financial advisor.

Settling on a Salary

As a company's profit situation improves, business owners may be in a position to decide whether to take home a larger salary or use more of the proceeds to invest for the future. This article discusses the possibility of choosing a business-owner salary that allows for other benefits, such as building the business, saving more for retirement, and adding employee benefits.

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