DeRamus Wealth Retirement Planning Services
Home > DeRamus Wealth Retirement PlanningWhat is retirement planning?
Retirement planning is a subset of financial planning and is typically thought of as planning for the 'golden' years; those wonderful years when work is a thing of the past, and you can begin to enjoy your life on your own terms.
The two primary activities of retirement planning are determining how much money you will need to accumulate in order to pay for your retirement, and selecting the most appropriate investment vehicle(s) in which to invest your retirement funds. For obvious reasons, investment vehicles that offer tax advantages take precedence over taxable vehicles when it comes to retirement planning. Such products include IRAs, ROTH’s, 401ks, SEPS, SIMPLE’s, tax-exempt bonds, cash value life insurance, fixed and variable annuities.
Why do I need to work with a retirement planning professional?
You may think that you can handle your retirement planning on your own, but there are actually a number of reasons that it's best to leave it to the pros. A retirement planning professional spends their entire career seeking out the most advantageous retirement investments for a wide variety of clients. No matter how much research you might do, you simply cannot create the unique plans that a retirement planning professional could.
Is retirement planning ongoing?
Yes. As the economy changes, your career changes, your lifestyle changes, and your needs change, your retirement planning professional can continually reassess your needs to ensure that you're taking advantage of the best plans, and that your retirement is secure. In some cases this may mean investing more aggressively as you get closer to retirement, while in other situations it may mean moving funds to lower risk vehicles during a downswing in the economy.
What are the best retirement planning vehicles?
There is no single retirement planning vehicle that's best for everyone. In some cases, investing highly into a company matched 401k is the smartest decision; while in other cases, cash value life insurance may make the most sense. DeRamus Wealth Management will carefully consider your current situation and your overall retirement planning goals, and provide you with a comprehensive and effective retirement savings or retirement distribution game-plan.
How do I begin the retirement planning process?
Simply contact DeRamus Wealth Management today and we can get you on the right track. We'll assess your assets, liabilities, investment accounts, and anticipated retirement needs. We can determine how much you'll need to retire on at a given age, and create a plan to get you there.
What is the process for retirement planning?
Depending on your particular circumstances, we have a number of approaches to discover the right retirement planning solutions and strategies for you, including proprietary software. Our expert retirement planners have years of experience, and constantly track the latest innovations and changes in the retirement planning industry. Our specialized process is individualized for optimal results, no matter who the client is. If you have specific goals you need to plan for, then we'll work those goals in as well. We never use cookie cutter retirement plans, so your retirement planning experience will be as unique as your needs are.
When should I start my retirement planning?
Immediately. The sooner you have a game plan, the more you'll be able to save for retirement, and the earlier you'll be able to achieve financial independence. If you have an income, then the first person you should pay is You by saving a portion of it for your retirement.
Are you an independent retirement planning firm?
Yes we are independent. Unlike financial advisors at some retirement planning firms, our advisors are not employees of the broker-dealer firm. Instead, we are independent of our broker-dealer firm. Additionally, the broker-dealer that we work with does not package investment products, produce research, or perform investment banking-related activities that might create conflicts of interest for our advisors. As a result, we receive no financial incentive for recommending one particular product or company over another due to underwriting activities. The net benefit of this independence for our clients is that we can be completely impartial and objective in our recommendations and focus solely on what works best for our clients.
Why should I choose DeRamus Wealth Management for my financial planning needs?
When you work with DeRamus Wealth Management, you're working with a retirement planning firm that offers a personalized and comprehensive experience. Every client is unique, and we go to great lengths to discover the most advantageous retirement planning solution for each of them.
In addition to our personalized approach, we also come to you with a wealth of experience. Our investment consultants each have over a decade of experience and have earned several FINRA licenses. Our CEO has a diverse and dynamic background in real estate, financial services and business. There is no retirement planning firm that will be as dedicated as we are to your financial success.