Bedel Financial Consulting’s RetireSecureStrategy, a tool-box of services that places us on the cutting edge of financial planning.
For clients with retirement as the key or solo focus, RetireSecureStrategy enables us to analyze our client’s capacity to retire at a certain age with a desired lifestyle. By implementing this process, we can ensure our clients have a predictable source of income during their golden years, regardless of market fluctuations.
One element of this strategy is the Financial Security Analysis, which determines how much you can comfortably spend during retirement without depleting your investment assets.
Another element of this strategy allows you to “insure” that you don’t outlive your money. By purchasing protection on a portion of your existing assets, you receive a guaranteed lifetime income withdrawal from this portfolio even if the assets are depleted. While this additional layer of protection is provided by an insurance company, you don't lose control of your assets and you can remove the protection at any time without penalty.
RetireSecureStrategy isn’t appropriate for everyone, but this protection enables our clients to reach another level of security, comfort, and peace of mind. We’re confident that you’ll never find a better way to provide retirement income protection without the cost and inflexibility of traditional annuities.
While establishing an appropriate investment strategy with new clients, we take the time to consider every option, while ensuring the chosen plan does not have any negative unforeseen surprises. For example, if a client has several long-held stocks in their portfolio with very low cost basis, our first concern is the possible high tax consequence should they want to sell these holdings. By taking the time to think “outside the box”, we may be able to accomplish another goal of the clients, such as gifting to family and charitable causes close the client. By choosing to gift the zero-basis appreciated stock instead of cash to children or charities, the client is able to avoid having to pay long-term capital gains tax and the children and/or charity can benefit from this generosity, a win-win all around!