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Preferred Advisors LLC

Retirement Planning Services

Comprehensive strategies to protect your income, plan for care needs, and create a lasting legacy

Disability Insurance
Income replacement if you become unable to work due to illness or injury. Protects your earning power and helps maintain your standard of living.

Key Benefits

  • Replaces portion of lost income
  • Protects your most valuable asset (ability to earn)
  • Helps pay bills during disability
  • May include partial disability coverage

Important Considerations

  • Typically covers 60-70% of income
  • May have elimination period before benefits
  • Pre-existing conditions may be excluded
  • Premiums increase with age
Long-Term Care Planning
Strategies to cover the cost of long-term care services without depleting retirement savings. Options include traditional LTC insurance, hybrid policies, and self-funding strategies.

Key Benefits

  • Protects retirement assets from care costs
  • Provides care choices and flexibility
  • Reduces burden on family members
  • May include home care coverage

Important Considerations

  • Premiums can be expensive
  • Health requirements for approval
  • Benefits may not cover all costs
  • Policy terms vary significantly
Retirement Income Planning
Comprehensive strategy to create reliable retirement income from multiple sources including Social Security, pensions, annuities, and investments.

Key Benefits

  • Maximize Social Security benefits
  • Create reliable income streams
  • Tax-efficient withdrawal strategies
  • Coordinate all income sources

Important Considerations

  • Requires ongoing monitoring and adjustments
  • Market risk affects investment income
  • Inflation impacts purchasing power
  • Healthcare costs can be unpredictable
Legacy Planning
Strategies to efficiently transfer wealth to heirs while minimizing taxes. Includes life insurance planning, beneficiary optimization, and coordination with estate planning.

Key Benefits

  • Maximize inheritance to beneficiaries
  • Minimize estate taxes
  • Provide liquidity for estate expenses
  • Create lasting family legacy

Important Considerations

  • Requires coordination with attorney
  • Life insurance costs increase with age
  • Estate laws change over time
  • Family dynamics may complicate planning

Ready to Build Your Retirement Plan?

Let's work together to create a comprehensive retirement strategy that protects your income, plans for care needs, and ensures your legacy.