Many of the “children” we work with regarding their parent Aid and Attendance benefit seek our assistance with their own retirement income and planning for their future long term care. To provide our clients with confidence in the planning strategies we develop, Veterans Financial has assembled a team including an attorney, CPA and multiple CFPs®. Together we have more than 500 combined years of financial services expertise and have assisted thousands of families with their financial planning needs.
Our retirement income, legacy creation and long term care planning services include:
Guaranteed retirement income
As life expectancy has increased, retirees count on their savings to last live longer. It is important to have a source of retirement income you can not outlive. Through the strategic use of immediate income annuities and annuities with lifetime income riders, the staff at Veterans Financial, Inc. can help provide strategies for a reliable future retirement income.
Tax-efficient strategies
At Veterans Financial, we understand the importance of maximizing the efficiency of your IRA, 401k, 403b or highly appreciated annuities. Our practice focuses exclusively on those who are approaching retirement or already retired. This gives us a unique perspective on the importance of spending tax deferred dollars during your lifetime.
A unfortunate situation we see all too often is older retirees with very low income and hundreds of thousands in their IRA. They have missed out on years they could have been pulling money out of their IRA at a 12% tax rate. Instead they will likely leave it to their heirs who may pay double the taxes or more.
Estate maximization
Leave a legacy you are proud of. We work with families to maximize their estate for their loved ones. We’ve helped many convert their fully taxable IRA into a tax free inheritance for their children and grandchildren. This tax efficient wealth replacement strategy is something for anyone with a large IRA to consider.
Funeral Expense Trust
Most people would agree that the average funeral is about $10,000 some costing significantly more. How will yours be paid? We help ensure the next generation is not responsible for these expenses. By using a Medicaid protected trust, you allow your loved ones freedom from the financial stress of funeral planning during a highly emotional time, as well as the comfort of knowing the funeral reflects your wishes.
Long-term care
No one wants to think about needing long-term care, but more than 70 percent of us will need it at some point. Veterans Financial will help navigate your questions and select the right long-term care coverage for your needs. We offer a variety of long term care products. We offer traditional policies with monthly or annual premiums payable for 7 or 10 years and some that offer lifetime payments to keep premiums lower. . Other options include innovative lump-sum single payment options. This is extremely popular after a parent passes away and leaves an inheritance. Certain long term care contracts are an excellent way to utilize a highly appreciated annuity or life insurance with high cash value.
Life insurance
Unexpected deaths are just that: unexpected, but the repercussions don’t have to be. Whether you want to purchase life insurance to maintain a specific lifestyle should the primary wage earner die, to provide a legacy to your heirs, to increase asset values for an inheritance today or in the future, or a mixture of reasons, we can help you find an affordable strategy to meet your needs.
To provide you with the best insurance product options available Veterans Financial, Inc. is aligned with the most exceptional and progressive products in the insurance and financial world. Whatever your retirement income needs or goals may currently be, we can help. Call us at 800.835.1541 for a complimentary, no-obligation appointment and we can help answer your questions and formulate the right strategies for your needs.
This material has been provided by a licensed insurance professional for informational and educational purposes only. This information endorsed or affiliated with the Social Security Administration, the IRS, the VA or any government agency. Agents may not give tax, legal, accounting or investment advice. Individuals should consult with a professional specializing in these areas regarding the applicability of this information to his/her situation. Annuities are not FDIC insured. Guaranteed lifetime income available through annuitization or electing a optional lifetime income rider, a benefit for which an annual premium may be charged.