Retirement Planning

Guardian Financial Management in Flower Mound, Texas, can help you diversify your retirement assets across a variety of investment products to build wealth so you can have the best chance of living a comfortable retirement, and meeting your income goals throughout your lifespan.

Everyone’s situation is different, and our team can help you decide on the best options for your needs. Some people may even qualify for guaranteed* income products like retirement annuities to protect* money from declines due to market losses. 

Retirement Planning 

A financial strategy that includes some guaranteed* income products, like supplemental income, can help you provide security in an insecure market. These reliable* income sources help you live comfortably during retirement. One of our qualified advisors can help you understand what options are best for your lifestyle needs. 

*Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

Retirement Annuities

In our modern times, your retirement plan is largely your responsibility. This is why an annuity plan may be a strategy to consider. Retirement annuities establish a guaranteed* fixed-income component. You will purchase the annuity contract from an insurance company and receive a certain amount of fixed interest crediting options depending on your premium. These fixed-interest crediting options can be compounded until they are withdrawn.  

Annuities are long-term retirement income vehicles that offer a variety of guaranteed* payout options. You can withdraw a specific percentage of the value each year, to a certain limit, with most contracts. These withdrawals will reduce the contract value and the value of any protected benefits. If these withdrawals exceed the specified limit, there will be “surrender charges” within the first five to 10 years of the contract. Annuity withdrawals made before age 59-1/2 are subject to a 10-percent penalty fee, and all withdrawals may be subject to income taxes.

* Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges, and holding periods, which vary by carrier. Annuities are not FDIC insured.

IRA Asset Planning

IRA accounts can be passed on to beneficiaries if you do not use these assets for your own retirement. These types of accounts are one of the most common forms of inheritance for beneficiaries. You may want to consider this in your retirement plan for your loved ones. A legacy planning strategy can help reduce taxes on these assets and increase the payout received by your beneficiary upon your death. 

We can help you create a legacy planning strategy that can structure a long-lasting inheritance for your beneficiaries. A possible strategy could include dividing the value in your IRA into a regular stream of income for your beneficiary and leaving a balance to allow the asset to continue to grow tax-deferred.

Long-Term Planning Strategies

As you age, you may have concerns about your retirement income supporting your health and lifestyle needs. Home health care can cost $50,000 or more per year, and nursing home care can run as high as $80,000² per year. For married couples, this cost can be twice as much. Your retirement income strategy needs to account for these possibilities and more. 

Unfortunately, your employer group health insurance and other major medical insurance will not cover long-term care. Medicaid may be an option, but you may have to reduce your income before you can qualify for long-term care. Our qualified professionals can help you plan for your future expenses. A long-term care insurance policy may be a helpful option that allows you to retire confidently and comfortably.