With high salaries, bonuses, stock options, and deferred compensation, planning for retirement as a Corporate Executive is complex. At Retirement Solutions Inc., we draw on over thirty-five years of experience utilizing the most advanced financial planning tools to develop a comprehensive personal financial plan. The implementation of this plan with sophisticated investment portfolios, tax planning, and advanced estate planning will guide you to a very comfortable retirement.
The sum of its parts. Retirement and tax planning around your various income sources, base salary, bonuses, and stock options requires taking a holistic look at your income now and what it will in over the next several years. With all the information, plans can be put in place to optimize tax savings now, plan for the retirement you want, and ensure that your family is taken care of now and well into the future.
Your children’s education is one of the greatest gifts you will give them. With proper planning for these expenses, you will be able to accomplish this important financial goal as efficiently as possible.
And now for something completely different. Location and lifestyle changes related to career changes can come up quickly and require a very different strategy for the future. If you move countries or from coast to coast, your tax bracket, cost of living and educational costs can fluctuate widely. Being agile is essential as life’s twists and turns arise.
Uncle Sam gets only what he’s owed. Minimizing taxes for high-income earners does not mean failing to pay your fair share, it means understanding the tax code and taking full advantage of the tools and sophisticated strategies that are available to high income earners.
Off the rack will not do. With employer stock plans, we often come across complexities such as high portfolio concentrations and capital appreciation. Our sophisticated tools allow us to design financial plans and investment portfolios around these crucial factors.
Compliance is essential. Planning for retirement means meeting your investment goals. To do that effectively, we work with your plan providers to maintain compliance with trading restrictions, while also meeting those investment goals
With more wealth comes more tax burden. It’s a joint effort between your CPA and our team to coordinate the complex tax reporting requirements and do what is possible to minimize taxes.
If you rank among the top 20% of employees when it comes to compensation, your employer can choose to designate you an HCE. Although some retirement plans restrict highly compensated employees (HCEs) from making the maximum contribution. Our team of professionals can guide you on the actions you can take to avoid these restrictions to ultimately maximize your retirement savings.
There is more than one way to save when you are an HCE. Our team aids you in evaluating and utilizing your company retirement plans, supplemental executive plans, non-qualified deferred compensation, and we help you discover other opportunities to save for retirement tax efficiently.
The IRS defines a highly compensated employee as someone who meets either of the two following criteria:
Evaluate your company benefits. A crucial element of your comprehensive plan is determining whether additional coverage is needed to protect against disability or death. Looking in depth into your company benefits earlier on can help you find the gap where additional coverage would be advantageous.
Protect your assets against unforeseen risks. Wealthy individuals in high profile careers are at higher risk for lawsuits and creditors. Without the right asset protection strategies in place, your family’s financial security could be compromised by these complex and costly risks.
Look into your estate and legacy planning. You’ve worked hard to build your legacy during your lifetime. It’s important to be sure your wealth transfers to your heirs in the way you’ve envisioned, and as efficiently as possible. Along with an Estate Planning Attorney, our team can help you design the right plan for you and your family.
Prepare for large retirement expenses. Getting ahead of the game in determining your unforeseen large retirement expenses, such as advanced health care costs, can help preserve your estate and keep your legacy plan on track.
This meeting is intended for:
Introductions • Learning Sessions • Quick Check-Ins
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Complimentary meeting to align with your goals and learn more about what you need to feel secure in your retirement.
Retirement Solutions Inc.
Office: 760-603-0700
Fax: 760-603-0710
Email: chelberg@2rsi.com
5857 Owens Avenue
Suite 110
Carlsbad, CA 92008
Series 7, 24. 51, 63, 65
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© 2022 Retirement Solutions Inc.
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