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https://freedom.financialprocess.net/

Your Retirement Plan

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  • Prepared for: {Client Name:1} on 03/27/2023

  • THE PROCESS

    Our process is designed to help our clients achieve simplicity and confidence during their retirement years. It’s focused around 5 key areas of your current financial life.


    INCOME PLANNING

    Once your income plan is established, we will create an investment plan for the remaining assets that you do not need to draw from month to month. This typically includes:

    • Assessing your Risk Tolerance
    • Adjusting your portfolio to reduce fees
    • Volatility Control
    • Evaluate ways to reduce risk while still working towards your goals
    • Longevity Protection

    INVESTMENT PLANNING

    Our goal is to help ensure your expenses can be paid month to month with reliability and predictability for the rest of your life. This typically includes:

    • Social Security Maximization
    • Income & Expense Analysis
    • Inflation Plan
    • Spousal Plan
    • Comprehensive Institutional Money Management

    TAX PLANNING

    Any comprehensive Retirement Plan will include a strategy for decreasing tax liabilities. This typically includes:

    • Assessing the taxable nature of your current holdings
    • Possible I.R.A. Planning
    • Strategizing ways to include tax-deferred or tax-free money in your plan
    • Strategize which tax category to draw income from first to potentially reduce tax burden
    • Discussing ways to leverage your qualified money to leave tax-free dollars to your beneficiaries

    HEALTH CARE PLANNING

    We will create a plan to help you address rising healthcare costs with a minimum of expense, including:

    • Looking at all aspects of Medicare, Parts A, B and D
    • Analyzing options for a Long-Term Care Plan

    LEGACY PLANNING

    It is important to ensure your hard-earned assets go to your beneficiaries in the most tax efficient
    manner. By working collaboratively with a qualified Estate Planning Attorney, our goal will be
    to help you:

    • Maximize your estate and income tax planning opportunities
    • Protect any assets in trust and ensure they are distributed to your beneficiaries probate free
    • Prevent your IRA and qualified accounts from becoming fully taxable to your beneficiaries upon your death
  • Overview

  • THOUGHTS FROM YOUR FINANCIAL PROFESSIONAL

    I’ve enjoyed the opportunity to get to know you, understand your concerns for your money, and your goals for creating your own ideal retirement. You’ve done a great job working hard to accumulate a comfortable amount of wealth. As you read through the strategies and solutions in our report there may be some problem areas we recommend addressing. First and foremost, my team and I are going to address your concerns and goals. We look forward to a life-long relationship!

  • TAX STATUS OF DOLLARS

  • Income Plan

  • MONTHLY INCOME GOAL

  • CURRENT MONTHLY INCOME

  • TOTAL MONTHLY INCOME

  • IN GOOD ORDER

  • NEEDS ADDRESSED

  • ACTION PLAN

  • Any references to safety, protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. As financial professionals we are able to provide you with information but not guidance or advice related to Social Security benefits. Our firm is not affiliated with the US government or any governmental agency.

  • Investment Plan

  • TOTAL AVAILABLE ASSETS

  • CURRENT ASSET ALLOCATION

  • DETAILED ASSET ALLOCATION

  • TAX STATUS OF ASSETS

  • FEES

  • IN GOOD ORDER

  • NEEDS ADDRESSED

  • PLAN OF ACTION

  • Based on the rule of 100, we suggest that a prudent person would not have an exceptionally high amount of money “at risk” based on their age. To determine the maximum amount of money you should have “at risk” in the markets should follow this formula: 100 – Your Age = Maximum %. So, if you’re 58, then your maximum allocation is 42% (100 – 58 = 42%).

    The rule of 100 is a general rule of thumb to provide an estimate only; individual circumstances and objectives will vary.

    Investing involves risk, including the loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to safety, protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

  • Tax Plan

  • IN GOOD ORDER

  • OBJECTIVES ADDRESSED

  • ACTION PLAN

  • Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
  • Healthcare Plan

  • IN GOOD ORDER

  • OBJECTIVES ADDRESSED

  • According to the Employee Benefit Research Institute (EBRI), a 65-year-old couple with median prescription-drug expenses who retire this year will need $295,000 to enjoy a 75 percent chance of being able to pay all their remaining lifetime medical bills, and $360,000 to have a 90 percent chance.1
  • ACTION PLAN

  • 1October 2015. Employee Benefit Research Institute. https://www.ebri.org/pdf/notespdf/ebri_notes_10_oct15_ hlthsvgs_db-dc.pdf. Accessed April 5, 2017.

  • Legacy Plan

  • Use a qualified Estate Planning Attorney to provide pro-active advice. We have a network of referrals we highly recommend and can assist you in preparing for that meeting so make sure that you have all the information and questions you need.
  • Suggested objectives to discuss with estate planning attorney:
    • Discover the most useful means of owning property (transfer on death, etc.)
    • Distribute your estate in a manner that meets your legacy objectives
    • Provide enough money to meet known and expected settlement expenses at death
    • Preserve the assets you have worked hard to accumulate
    • Provide a satisfactory income for surviving spouse
    • Reduce estate and income taxes, administrative expenses, executor’s fees and attorney fees
  • IN GOOD ORDER

  • NEEDS ADDRESSED

  • ACTION PLAN

  • Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
  • By signing below I/we are acknowledging receipt and acceptance of this Retirement Roadmap plan custom- designed by SHP Financial to help me achieve my/our financial goals. I/We hold SHP Financial and its representatives harmless for recommended actions not carried out by me/us.
  • SHP FINANCIAL CLIENT Signature(s) & Date

    SHP FINANCIAL ADVISOR Signature & Date

  • We are an independent financial services firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This report utilizes and relies upon information shared by the client with respect to the client’s income, expenses and asset holdings. Information is believed to be reliable, but the accuracy of the information cannot be guaranteed.