Financial & Retirement Planning Services
When it comes to planning for retirement, there are a lot of factors to consider when creating a successful plan. At Baacke Insurance & Financial services, we make sure your plan checks all the boxes so you don't have to worry about things like running out of money in retirement or overpaying in taxes.
We'll help you consider all your needs from retirement income and Social Security optimization, to tax minimization planning and leaving a lasting legacy. Keep reading to learn how we can help you create a personalized retirement plan you can be confident in!
When you're ready, take our 9 To Know Retirement Analysis to get a personalized look at your current situation and if you're on the right track for retirement of if you have any areas of concern that you need to address.
We're not just another financial advisor. Watch the video below to learn about Baacke Insurance & Financial Services' comprehensive approach to financial planning & wealth management.
Our financial service offerings include:
Keep reading below to learn more about our most popular retirement planning services and strategies:
Retirement Planning
Planning for retirement can be a complicated, intricate process. With so many important decisions to make and so many strategies available for meeting your needs, it’s important that you have a resource you can count on to guide you step by step along the way.
At Baacke Insurance & Financial Services, we analyze your unique financial situation before developing strategies that can lead you to the retirement you’ve spent a lifetime working to build. Because we’re not tied to one particular company or product, we offer an array of solutions for addressing your financial concerns and achieving the goals you’ve set for yourself and your family. We are committed to sharing our expertise and helping you to reach your retirement goals.
Whether you’re in the initial stages of planning or are already retired, Baacke Insurance & Financial Services can help you make your retirement funds last. From creating an income stream you can’t outlive and maximizing the value of your assets to protecting your family and preserving a legacy for your beneficiaries in death, we have the knowledge and experience we hope you can rely on to feel protected, stable and prepared. We will always keep your best interests at heart and put you in control of your financial destiny.
Retirement Income Strategies
One of the biggest challenges in retirement is replacing the paycheck that you used to rely on from your job. Social Security and defined benefit pensions help replace a portion of your pre-retirement income, however they will not keep up with the cost of living. To maintain your standard of living, you'll need to have a stream of consistent and reliable income that could help keep up with inflation so you are able to continue your lifestyle.
In addition to Social Security and defined benefit pensions you may have other sources income including Required Minimum Distributions (RMD’s) from retirement accounts, stocks, bonds, dividends, life insurance and annuities. It is important to understand how to maximize your assets while minimizing your taxes. A solid retirement plan will help you weather the markets and economic challenges through inflation and longevity. We are now living longer and therefore can help plan for a longer life in retirement, many will live 30+ years in retirement.
You spent your whole life working hard for your money now it is time to put your money to work for you.
Investments & Wealth Management
Planning for retirement can be a complicated, intricate process. There are many important financial decisions to make and so many options available for meeting your needs. We focus on you and your family and developing a plan with investments strategies that you feel comfortable with to help you achieve your retirement goals.
At Baacke Insurance & Financial Services, we take the time to analyze your unique financial situation and understand your risk tolerance before developing strategies. We offer both principal protected and in the market investments. We don’t work with just one product or company we work with an abundance of investment vehicles to achieve a personalize plan for you. We listen to you and develop plan that allows you to achieve your goals on your terms.
Whether you’re in the initial stages of planning or are already retired, Baacke Insurance & Financial Services can help you plan for retirement that you want.
Social Security Optimization
When and how to take your Social Security benefits is one of the most important retirement decisions you'll make. One mistake could potentially reduce your benefits by tens of thousands of dollars. With hundreds of different Social Security claiming strategies, our goal is to help you figure out the best timing for claiming your Social Security benefits and help make sure you're taking advantage of any spousal benefits, if applicable. We'll run all the various scenarios with our powerful software to ensure you are maximizing your Social Security income and reducing any tax consequences.
Annuities
Annuities are a popular product for retirees that provide a number of benefits ranging from downside protection, death benefits and guaranteed income. There are many types of annuities Variable, Fixed Indexed, Fixed, Immediate to name a few and they all have different benefits. If an annuity fits into your plan we will help you understand the benefits of each type to find the one that will best meet your needs. If you currently own any annuities we will help you understand how it may or may not fit into your retirement plan. Our goal is to make your retirement the one you have dreamed of and your investments should help not hurt you on this journey.
What Are Some of the Benefits of a Fixed-Indexed Annuity?*
- Tax-deferred growth. Interest in a fixed indexed annuity is tax deferred. This means you don’t pay taxes on any interest as long as the money stays inside the annuity. You do pay taxes when you take the interest out of the annuity. Tax-deferred growth could help you accumulate assets at a faster rate than you would in a taxable vehicle.
- Downside protection. Most fixed indexed annuities offer principal protection, which means you can’t lose principal due to market losses. Even if your index has a down year, your annuity balance won’t go down. You may not earn interest that year, but you won’t lose money due to the decrease in the index value.
- Upside potential. Fixed indexed annuities are linked to an external market index, like the S&P 500. You have the opportunity to earn interest in a specified time period based on how the index performs. If the index performs poorly, you may earn less or no interest, but you won’t lose money. If the index performs well, you may earn more interest.
*Guarantees, including optional benefits, are backed by the claims-paying ability of the issuer, and may contain limitations, including surrender charges, which may affect policy values.
Legacy Preservation
Baacke Insurance & Financial Services will help you design a strategy that allows you to leave a legacy. You may want to provide for a spouse, children, grandchildren or a charity. We will work with you to prioritize the goals for your estate and customize a strategy to meet your long-term needs while leaving your legacy.
