Retirement Income Specialists - The Local IRA Rollover Expert
The last time we had a financial crisis in this country, people’s 401k turned into “201k’s”, and no one wanted to talk about it. Your advisors had no solution for the problem, so they told you to hang in there and wait for the markets to come back up. Well, you know what? We are heading for another crisis right now. The same problems that caused the credit crisis in 2007-2009 are occurring again; that’s right, the Wall-Streeters did not learn the lesson that we wanted them to learn. Now it’s our turn…
I am Thomas Swan, President of Retirement Income Specialists. We are dedicated to helping our clients achieve a successful retirement. I am a full-service wealth advisor specializing in retirement income planning, retirement plan distributions and social security planning.
I have learned the lesson that Wall Street fails to grasp; the best way to make money is not to lose it. Yes, you need to grow your money, but how much can you afford to lose? Whatever the answer is, does your investment strategy reflect your sentiment? Your investments should be divided into three categories and you choose the proportions based on your tolerance to risk and pain:
Safe and Secure
Low Risk, Low Volatility
High Risk, High Volatility
I help my clients by locating safer alternative investments that protect your money and earn a fair return. Most financial advisers use asset allocation to solve all problems, because that is how they get paid. There are solutions that give you more flexibility and allow you to use less of your funds to achieve results. We know that Social Security benefits will provide 25-50% of annual income for most retired Americans, yet most financial advisers are not talking about Social Security. Why? Don’t you think that’s an important thing to discuss with your advisor? I do. It only makes common sense to use as much money as the government will give you, especially since you paid for the benefit in the first place. If you can maximize that benefit by being smart, so much the better.
At Retirement Income Specialists, we help you make dollars out of things that make no sense!
Social Security Taxes
Estimate how much of your Social Security benefit may be considered taxable.
Understanding Marginal Income Tax Brackets
An inside look at how marginal income tax brackets work.
Making Your Tax Bracket Work
Have you explored all of your choices when it comes to managing your taxable income?
Gaining a better understanding of municipal bonds makes more sense than ever.
You taught them how to read and how to ride a bike, but have you taught your children how to manage money?
A letter of instructions provides additional and more personal information regarding your estate.
Try these activities to keep your brain sharp.
If you are concerned about inflation and expect short-term interest rates may increase, TIPS could be worth considering.
A change in your mindset during retirement may drive changes to your portfolio.
Determine your potential long-term care needs and how long your current assets might last.
Help determine the required minimum distribution from an IRA or other qualified retirement plan.
Estimate how many months it may take to recover the out-of-pocket costs when buying a more efficient vehicle.
This calculator compares the net gain of a taxable investment versus a tax-favored one.
This calculator shows how inflation over the years has impacted purchasing power.
This calculator can help determine whether it makes sense to refinance your mortgage.
There are some key concepts to understand when investing for retirement
The chances of needing long-term care, its cost, and strategies for covering that cost.
A presentation about managing money: using it, saving it, and even getting credit.
Principles that can help create a portfolio designed to pursue investment goals.
Learn more about taxes, tax-favored investing, and tax strategies.
Investment tools and strategies that can enable you to pursue your retirement goals.
The decision whether to buy or rent a home may have long-term implications.
Can successful investors predict changes in the markets? Some can but others miss the market’s signals.
What does your home really cost?
Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.
A quick history of the Federal Reserve and overview of what it does.
Learning more about gold and its history may help you decide whether it has a place in your portfolio.