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There are few things in life that can cause such a wide range of emotions as the prospect of retirement. Whether it fills you with a sense of pride in all that you’ve accomplished or a sense of excitement for the adventures yet to come, your entire life is spent working towards this moment. A solid financial plan can help you make sure your retirement is everything you want it to be.

Long-Term Care Insurance

Long-term care insurance can help make sure that you are taken care of in the event that you become unable to take care of yourself.

Is a long-term care insurance right for me? Here are the facts:

  • If you become inflicted with a chronic illness or cognitive impairment, a long-term care policy can help ensure that you maintain the best possible quality of life, while protecting your wealth from being depleted by the cost of care.
  • Long-term care insurance provides you with the means to pay for the assistance you need if you become unable to perform daily activities like eating, bathing, or dressing.
  • In the event that you require long-term care, the right plan can make sure you have access to a wide range of options, including in-home assistance, treatment in an assisted living facility, or access to a nursing home.


An annuity is a type of investment that allows you to pay money now in exchange for a stream of income in the future.

Is an annuity right for me? Here are the facts:

  • Annuities are a great way to guarantee income after retirement, as they typically provide a source of revenue to the beneficiary until the time of their death. In some cases, an annuity will even pay death benefits to designated recipients, such as surviving family members, for a fixed period after the annuity holder’s death.
  • An annuity can either be fixed or variable; and will be either immediate or deferred. A fixed annuity guarantees a specific amount of income that will kick in after a certain period of time, while a variable annuity offers the possibility of greater rewards, but does not come with any guarantees. An immediate annuity provides an immediate and guaranteed long-term income source beginning soon after purchase. A deferred annuity has an accumulation phase during which the contributions grow before payments from the income source begin.
  • An annuity can offer significant tax benefits, as it is often possible to defer tax payments on the money you invest in one.

Variable annuities are long-term investment vehicles that involve certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than original cost. Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding. If withdrawals are taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the variable annuity's death benefit, cash surrender value and any living benefit and may also be subject to a contingent deferred sales charge. There are inherent risks involved with investing in mutual funds. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Past performance is not a guarantee of future results.


A trust is an arrangement that organizes the distribution of wealth and benefits at the time of a person's death.

Is a trust right for you? Here are the facts:

  • A trust can be used to distribute wealth to family, friends, or charitable organizations. A well-organized trust can provide you with confidence that your assets will go to the people or causes that matter to you.
  • Under certain circumstances, a trust can be used to distribute the benefits of life insurance, annuities, or disability policies.
  • One of the most important decisions you will make in structuring your trust is choosing a trustee. This person will be responsible for ensuring that your wealth and benefits are allocated according to your wishes.

Life Insurance

Life insurance is most commonly known as a way to ensure that loved ones are taken care of in the event of a person's death. Many people don't know that life insurance can also offer a source of income later in life.

What should you know about life insurance? Here are the facts:

  • There are two basic types of life insurance: term life insurance and permanent life insurance.
  • Term insurance works somewhat like car insurance: You pay premiums that provide coverage for a certain period of time. If your death occurs while you are covered, the beneficiary of your policy will receive a predetermined death benefit. The premiums in a term insurance policy are often cheaper than those in a permanent policy, but usually become more expensive over time.
  • Permanent insurance may be more expensive than term insurance, but it can offer significant benefits, including guaranteed premiums, flexible payment options, and investment opportunity. There are four major types of permanent life insurance:
    • Whole life insurance offers the most guarantees of any kind of life insurance. The premiums will never increase. The death benefit will never go down (unless there have been any loans or withdrawals taken). In addition, whole life insurance policies have a guaranteed cash value, which can be borrowed against. This living benefit can be used as an emergency fund or to supplement retirement income.
    • Universal life insurance provides a guaranteed death benefit while also offering flexibility with premiums. The policy holder can vary the amount paid each month, as long there is enough money in the account to pay for certain minimum insurance and maintenance charges. Depending on how much money accumulates in the account, the policy may also accumulate tax-deferred cash value.
    • Variable life insurance allows a high degree of flexibility with premiums, including the option to direct a portion of premium payments to a separate account, which can serve an investment vehicle. This can allow for the possibility of greater growth in cash value, but it can also entail a greater risk.
    • Survivorship life insurance covers two people on the same policy. These policies are often cheaper than insuring an individual, but death benefits are not paid until both covered individuals have died.

Individual Retirement Account (IRAs)

An Individual Retirement Account (commonly known as an IRA) is a retirement account designed for individuals who do not have an employee-sponsored plan.

Is an IRA right for you? Here are the facts:

  • Unless it is a Roth, money stored in an IRA is tax-deferred, which means it does not have to be counted as income until it is withdrawn from the account. This can significantly increase the rate at which savings held in an IRA will grow.
  • A traditional IRA allows you to contribute up to $5,000 a year toward your retirement. And if you’re age 50 or older, your contribution limit jumps to $6,000 annually. Money can be withdrawn freely from an IRA after the account holder reaches the age of 59 ½ ; before then, a 10% IRS tax penalty may apply.
  • IRAs may be a good solution for people who do not receive retirement benefits through their employer, or for people who have recently retired or switched jobs.

Mutual Funds

A mutual fund is a type of investment designed for people who are looking for the benefits of a well-managed and diversified portfolio, but who do not have the time or expertise necessary to manage a portfolio themselves.

Is a mutual fund right for me? Here are the facts:

  • A mutual fund combines the investments from a number of individuals or groups into a pool, which is managed by a professional investment advisor.
  • Mutual funds generally offer a wide degree of diversification; a single fund will often contain a variety of stocks, bonds, and money markets.
  • The investors in a particular mutual fund are often united by a specific financial goal. Some mutual funds are focused on immediate income, while others focus more on long-term growth, or on a mix of income and growth.

Mutual Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the fund before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a copy, please call 503-207-4550.

Investing in mutual funds involves certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than original cost.

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