RETIREMENT PLANNING

How much will one need at retirement in order to live during the years following retirement?  This is a complicated question that requires knowledge of income projected, assets acquired, anticipated living expenses during retirement and, of course, assumptions about inflation.  We have trained professionals and state of the art computer software available to us that can assist you in developing a plan for retirement.  Again, should you wish to inquire about retirement services, we can provide you with a proposal and fee structure which will help you answer the question above.

Developing The Right Plan

We can also assist you in developing the pension plan that is best suited to you.  Because the plan implementation and subsequent administration is performed by an outside company, we can be the liaison with that company for an additional fee which will include investigating the various pension plans available, developing the plan, assisting with the first year prototype acquisition and performing subsequent annual accountings.

Additionally, once set up, a retirement plan other than a traditional IRA or Roth IRA will require that annual reports (often called Series 5500) be submitted to the Internal Revenue Service.  These reports, or tax returns, will be the result of the pension plan accounting that will need to be performed by you or by us.  When we are engaged to do the pension plan accounting, which includes compiling interest and dividend income as well as the realized and unrealized gains and losses and preparing the employee – participant census for the administration, we render invoices in addition to your annual fixed price agreement.  These fees are dependent upon the complexity of the plan and its investments.