1st Choice Financial Services Offerings
Our Approach
Our approach is to serve individuals and couples in all areas of retirement planning. We provide holistic financial strategies to help you achieve long-term goals and enjoy a more secure retirement. A reliable strategy can help keep your family’s future protected.
6 Risks to Retirement Income:
Our six fundamental financial planning considerations are potential barriers investors may face when working toward their goals. We believe that it’s important to evaluate investor sentiment towards each consideration through a succinct questionnaire. This allows us to examine the potential effects of these considerations on an investor’s assets today and in the future.
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Retirement Planning
No matter where you are in life, we can provide you with the guidance, tools, and services to help prepare for retirement on your terms.
Where will your retirement money come from? If you’re like most people, qualified retirement plans, Social Security, and personal savings and investments are expected to play a role. Every hard worker’s dream is to have comfortable, stable, and secure retirement years. And now because we will likely live much longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Once you have estimated the amount of money you may need for retirement, a reliable approach involves taking a close look at your potential retirement income sources.
Retirement planning is financial planning for the spending years versus the accumulation years. The emphasis you should place on retirement planning does change throughout different life stages, so it’s important to work with a trusted financial professional who will help you map out your long-term goals and adjust your retirement plan if any major life events occur. When you plan your finances and lifestyle choices, you become much more likely to achieve that dream of a secure and happy retirement. We can help you build wealth, minimize market losses, protect your principal, and generate retirement income you can’t outlive.
We can help guide you along the path to—and through—retirement. No matter where you are in life, we can provide guidance, tools, and services to help you prepare for retirement on your terms.
Wealth Management
Our wealth management process strives to reflect all of your financial goals and characteristics while simplifying your financial life.
Wealth management is a comprehensive approach to planning and overseeing your financial life. A common misconception is that it’s just for affluent or high-net-worth individuals. In reality, it’s the individuals who have accumulated assets in preparation for retirement who benefit most from this type of plan.
The key to a sound wealth management strategy is to ensure a proper balance of growth and protection of your assets as they work in conjunction to meet your short- and long-term financial and lifestyle goals.
This approach traditionally includes strategies relating to investments, tax efficiency, retirement income, estate considerations, insurance products, and succession planning for small business owners.
However, everyone’s financial situation is different, which is why we take a highly customized approach to wealth management. We believe this plan should reflect and evolve as your specific needs and objectives change throughout your lifetime.
Social Security Optimization
We can help you understand your Social Security benefits and educate you on how you can maximize those retirement benefits.
Your Social Security retirement benefit represents a lifetime’s worth of savings, time, and work. Although many Americans are familiar with the basics of Social Security, few are able to figure out exactly the best way to file, so they can get the most out of all they have put in.
We can help you understand your Social Security benefits and educate you on how you can maximize those benefits. For example, delayed filing for Social Security can potentially increase your benefit amount by a rate of eight percent per year.1
We will help you get the highest amount possible to help you achieve a secure and enjoyable retirement.
Income Planning
Learn about income strategies for guaranteed lifetime income that can help you maintain your lifestyle now and in retirement.
You can now look forward to a retirement that could last 30 years or more. That’s a great thing. But planning for it comes with more challenges than ever before. One of the most common fears for retirees and those planning for retirement is outliving their money. So, while you’re thinking about hobbies and travel, you’re also focused on healthcare costs, volatile markets, taxes, and inflation.
We can help with products that seek income and growth, fixed-indexed annuities designed to provide guaranteed lifetime income,1 and life insurance solutions that offer more kinds of risk protection along with the opportunity to build cash value.
We specialize in income strategies for guaranteed income to help you maintain your lifestyle now and in retirement. Contact us to learn more about the tools that can generate a steady stream of retirement income, increase your current savings, or leave a legacy and provide income for your heirs. Be sure to schedule a full discussion with our company about your retirement needs before making any investment decisions.
Tax Planning
Understanding tax strategies and managing your tax bill should be part of any reliable financial approach.
Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
Tax planning is an important component of your overall financial plan. Careful planning throughout the year can assist you in reducing the taxes you pay – as well as help you achieve your financial goals.
We provide expert tax planning and preparation, utilizing ideas and strategies specifically designed for retirees. Most people do not know that in the retirement years, every dollar saved by minimizing income taxes will increase your spending capacity in retirement more than additional growth on your money.
Tax planning should not be done in isolation, but instead should be driven by your overall financial goals and integrated with your total financial plan. We can help you develop and implement appropriate strategies to lessen or shift current and future tax liabilities to help you meet your long- and short-term objectives.
Estate Planning
Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death.
An effective estate plan can spell out your healthcare wishes and ensure they’re carried out – even if you are unable to communicate. An effective plan can even designate someone to manage your financial affairs, should you be unable to do so.
It’s never too early to begin thinking about your legacy or to shape your estate plan. Contrary to what many people think, you don’t need to be a millionaire to have an estate plan. An estate plan is an important part of any ongoing financial planning process.
Your legacy transcends money — it also encompasses your values. Your wishes and dreams may include using your assets to help secure your family’s future or you may choose to support another cause close to your heart. This might be your favorite charity, your community, or your place of worship, to name a few.
We can help you design a legacy consistent with your dreams and values. Estate planning is critical to ensure that your family receives the assets you have accumulated during your life. Regardless of how much money you have, we feel estate planning is the best way to protect the financial interests of your family when you are no longer here to do so.
Annuities
Life Insurance
A reliable insurance strategy could help protect you and your family from the financial consequences of major life events.
Insurance transfers the financial risk of life’s events to an insurance company. A reliable insurance strategy can help protect your family from the financial consequences of those events. A strategy can include personal insurance, liability insurance, and life insurance. 1
We’re dedicated to serving the life insurance, disability, and long-term care needs of our clients. Our goal is to provide you with outstanding personal service and customized solutions.
Whether your need is life insurance for income replacement, retirement supplement, or estate planning, or whether you need disability insurance or long-term care, we’re ready to find the right solution for you.
Annual insurance reviews provide an excellent chance to examine your short-term and long-term goals. We can work with you, focusing on the ideal lifestyle you want to live today as opposed to deferring that lifestyle to a future that may never come. Having you really think about what you’re saving for is a big opportunity to have a richer dialogue about your retirement and how we can help you develop a personalized plan to reach your ideal retirement. We will help you implement any new plan of action that has been developed in light of your changing goals or changing performance.