It wasn’t so long ago that retirement meant a pension and a gold watch, but today’s world looks much different than it did for generations past. The burden of retirement falls more heavily on the shoulders of individual Americans than it ever has before, but you don’t have to carry it alone.

New Generation Retirement® is a holistic approach to retirement. It consists of a five-step retirement system that we will work through together. Through this process, you’ll be confident that you have given careful consideration to asset allocation and risk, income planning, asset maximization, legacy planning and tax strategies.

The Five Steps

1. Selecting a Financial Services Professional

Step One helps you understand the role of a financial services professional and introduces New Generation Retirement System.

2. Fact and Feeling Finding

Step Two encompasses thought-provoking questions about your financial well-being and how you feel about it. It begins with the Color of Money Risk Analysis and incorporates the elements of discovery and client feedback.

3. Strategy

Step Three arms you with a deep understanding of your goals and objectives, as we craft and present a holistic strategy based on your goals and objectives. Your takeaway from this step will be a series of insightful reports always accessible to you through your Generational Vault account.

4. Solutions and Executing

If there are parts of your plan that include creating new accounts or purchasing new financial products, Step Four lays out a clear, documented process to do so. This step is characterized by efficiency using forward-thinking technology such as electronically-generated and pre-populated forms with e-signature capabilities.

5. Ongoing Relationship

Our work together isn’t over when we have completed the retirement process and product selection. Step Five addresses how we continuously work toward your long-term goals and objectives and help you monitor your financial progress.

When you work with our company, each step is recorded in Generational Vault so you can be confident knowing that you have given careful consideration to every detail of your retirement strategy.

Why choose Pickwick Financial Group

With a focus on a new generation of retirees, our company uses the New Generation Retirement system, which is based on three hallmarks of creating a successful retirement strategy: stewardship, transparency and technology.

Stewardship

Providing you with a stewardship level of service means we have the responsibility to present solutions that are the right fit for you. Our commitment to you is that we will always keep our focus on your goals and objectives and will act with transparency throughout our relationship.

Transparency

Our commitment to transparency ensures that each step of our work together is recorded and that every document and report is easily accessible to you. This is visible through a strong foundation of technology.

Technology

The right technology can make managing and organizing your retirement an easier process. When you partner with our company, you receive access to Generational Vault – a secure online portal that allows you to easily organize, manage and access your financial life.

Generational Vault serves as the vehicle to document and record our commitment to act as a steward and be transparent throughout our relationship.

Income planning for retirement can be a daunting task for many retirees because there can be a lot to learn, and to many people a lot of the information is new. Whether you are just setting out on your retirement journey, or it is already well underway, you may be skeptical of whether you’ll have enough retirement income to maintain a comfortable and enjoyable lifestyle.

There are three major phases in the management of retirement income:

1. The accumulation phase
2. The distribution phase
3. The preservation or transfer phase

Preparing for your retirement may require a shift in mindset, and a solid understanding of the difference between retirement savings and retirement income. Prior to retirement, your financial life was dictated by your paycheck. Once you retire, however, you can no longer rely on a paycheck, which means you will be left to find other sources of income. You’ve worked hard to save for retirement, and now the time has come to find the proper methods of creating additional income from what you’ve saved. Although this can represent a challenge for many, it also represents a great opportunity to grow your savings beyond what you’ve saved — and this is usually made easier by enlisting the help of a financial services professional that you trust.

We will work with you to help you uncover the various opportunities and concerns of each phase. Additionally, we will walk you through the process of:

• Determining how much retirement income you will need
• Estimating how long your current income plan may last
• Calculating how much additional income you may need
• Evaluating your additional income sources

Because taxes play a major role in any retirement income planning process, our firm will utilize the most tax advantaged vehicles to accomplish your retirement income goals, such as traditional IRAs, Roth IRAs, 401(k)s, and IRA rollovers.

Keep in mind, while the numerous options for your retirement savings may seem overwhelming, all of us at Pickwick Financial Group are here to help you make sense of it all.

Disclosure for both: We do not provide legal or tax advice and you should consult an attorney or tax advisor for such advice.

One essential part of preparing for your retirement is determining your current and future tax liability and developing a tax strategy to minimize the amount of taxes you pay during retirement. Tax planning is an integral part in planning your legacy and can directly impact the amount of wealth you will be able to hand over to your heirs and beneficiaries. We recommend taking steps to ensure that your customized retirement strategy is able to take advantage of any possible tax credits and deductions to help secure and maintain what you’ve worked hard to save.

Utilizing the help of certified public accountants can be important to your business. Such a team can help monitor tax law changes specific to your retirement, provide sound and dependable tax strategy recommendations, and serve as your advocate in tax matters.

Pickwick Financial Group does not offer tax planning services.

If you’re like many retirees, your Social Security benefit represents years and years of hard work, and may be the foundation upon which you plan to build and grow your retirement income. Though most Americans have some basic familiarity and knowledge on the topic, far less are able to determine — on their own — the right way to file so they may be able to maximize their benefit and carefully integrate it into the rest of their retirement strategy.

At Pickwick Financial Group, we help our valued clients develop a clear understanding of their Social Security benefit, and both educate and inform them on the right time to start accepting their benefit. Delaying your benefit may potentially increase your benefit amount by as much as eight percent per year. 

There is a lot to know about Social Security, and it is important for you to be educated so that you head into retirement with a plan on exactly how you will rely on your benefits. Our firm is committed to helping you get the most you can out of your benefit, so you can take one step closer toward the comfortable and enjoyable retirement you’ve been working so hard for! In order to help ensure you are maximizing your Social Security benefit, you should have a firm understanding of this complex matter.

We have put together an informative brochure that helps answer the following questions:

1. What is your Social Security benefit amount?
2. When is the right time to start accepting your benefit?
3. Are there different options if you are married?
4. Does earning additional income while you are on Social Security impact the value of your benefit?
5. Do you pay tax on your benefit?

 Please contact us to receive your brochure today! 

We are not affiliated with, or endorsed by, the Social Security Administration or any other government agency.

Proper legacy planning is one key element of any successful retirement strategy, helping ensure that your legacy carries on to assist your loved ones and that your final wishes are respected. We can help you plan your legacy in a variety of ways based on your unique desires and whether it’s most important to you to preserve assets for future use, or transfer your wealth to beneficiaries.

It is important to carefully plan for the transfer of your assets to allow the wealth you’ve worked hard for to serve a meaningful purpose. From starting the conversation with you, to guiding you through the actual transfer of assets, we at %%COMPANYNAME%% are here to educate you on the process and guide you through every step.

Creating a strategy for your legacy is more than simply managing estate taxes.  There are a number of methods and tools that may be put to use to protect your wealth and ensure it is transferred according to your wishes. It’s important to understand helpful instruments to use during the legacy planning process, including:

• Wills
• Revocable living trusts
• Powers of attorney
• Advanced medical documents

In addition, both term and cash value life insurance and long-term care insurance policies may be options to consider. These policies can be designed to serve different helpful functions.

Overall, legacy planning and preservation of your wealth and assets require a coordinated effort. Our firm is uniquely positioned to provide protection and peace of mind to yourself, your loved ones and any of the channels in which you wish to eventually distribute your wealth and assets you’ve worked hard over time to accumulate.

We do not provide legal or tax advice and you should consult an attorney or tax advisor for such advice.

Although some people view life insurance as a way to replace lost income or pay off debt after the passing of a loved one, it also can offer a number of potential benefits that may make it a valuable tool to accomplish different financial goals in retirement.

First and foremost, life insurance may provide peace of mind and a degree of comfort for the policyholder (the insured) that their loved ones (the beneficiaries) are taken care of financially in the event that they pass away. In addition, life insurance can be a sensible solution for many small business owners to help protect the financial future of their business if something should happen to them. Life insurance is also one of a few types of products that may offer helpful ways to reduce or avoid certain taxes.

In addition to a death benefit, however, life insurance is also one of a few types of products that may offer helpful ways to reduce or avoid certain taxes. Some of these benefits may include:

Death benefits:

• Policy death benefits paid to beneficiaries may be income tax-free.
• Some life insurance policies may allow the death benefit to be accelerated out before the insured’s death due to terminal or chronic illness, and that benefit may be income-tax free.

Tax-free exchanges:

• The insured may exchange their existing life insurance policy for a new life insurance policy and the investment gains on the original contract may be tax free.
• The insured may exchange their existing life insurance policy for an annuity and the investment gains on the original contract may be tax free.

Policy cash values:

• Cash values may grow tax-deferred during the insured’s lifetime.
• Income from cash value, when properly structured, may not be subject to income taxes.

As an independent insurance firm, we are able to shop dozens of insurance carriers to find rates and product solutions to fit your specific needs and goals, meaning we are not relegated to simply one line of products or one brand name like a captive agent. In addition, we offer complimentary reviews on your existing life insurance contracts.