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Dierdre Collins, MSFS, RFC
Tim Murphy, AIF, RFC

 

Lifetime Income Capability Analysis

Our team has worked with business owners and medical professionals for over 20 years, specializing in estate and business succession planning, wealth management and retirement distribution strategies. Our mission is to develop a retirement and estate planning strategy with the objective of minimizing the eroding effects of taxes wherever possible.

Recent estate and pension reform tax law changes have affected the nature of qualified plans, retirement distribution strategies, as well as the overall estate planning process. Through the use of advanced planning techniques, we can help you analyze and evaluate your existing retirement plan and either confirm or redefine your retirement time horizon.

Our specialists offer a Lifetime Income Capability Analysis (LICA) that will cover the following:

  • Determine sufficiency of retirement income to age 100
  • Identify any potential estate tax and income tax liability on tax-deferred assets
  • Consider the impact of retirement plan deferrals, current asset allocation, and distribution strategies, integrated with the eventual sale of your practice
  • Quantify the federal and state estate tax liability on the entire estate.

As a practice owner, will the sale of your practice allow you to retire? We can help you determine exactly what your retirement plan contributions should be as well as the proceeds of the sale of the practice NEED to be in order to address your specific needs and goals. This analysis can be tailored for you and can be used to carefully craft an integrated practice retirement plan that will allow you to maximize contributions in a customized, combined defined contribution, defined benefit, and nonqualified deferred comp plan if necessary.

Contact us today.

Analysis projections or other information generated regarding the likelihood of various outcomes are hypothetical in nature, do not reflect actual results and are not guarantees of future results.

Get started now. Click here to complete the Lifetime Income Capability Analysis or download LICA now and email it to DCollins@HarborWS.com or fax it to 781-890-5624.