Planning For Retirement Or Living In Retirement
Laying A Roadmap
At Encino Financial Group, we understand that retirement planning is about identifying income objectives and laying a roadmap to achieve them.
A well-rounded retirement plan promises financial security throughout your retirement years. Some factors to consider include income sources, retirement goals, savings, expenses, portfolio monitoring, and investment strategies.
Let us identify the most effective tools to build your retirement savings.
Our broad portfolio of products and providers allows us to be objective in our advice. We make recommendations based on what's right for you.
No matter where you are in life, a plan for your future is critical. We take the time to get to know you and your specific needs.
Our services
One of the biggest concerns people have is not knowing how much they need to save for retirement.
We'll help you figure it out.
Our Financial Services
The last few years have brought about big changes in the world, and as a result there is a lot of uncertainty in our financial future. It can be very scary to navigate in these uncertain times. At Encino Financial Group, we are here for you.
- Are you heading into retirement or are you already there?
- Are you single and just looking out for yourself, or do you have a young family and want to put a solid plan in place?
- Whatever stage you are in life, you need to establish goals. “In life, you won't go far unless you know where the goalposts are.” Let us help you along the way.
At Encino Financial Group, we believe in retirement education and informing you about the tools, topics and services that can better prepare you for your retirement journey.
We want to do this in a caring and comfortable setting that opens up honest communication. We want to build a strong long term relationship that continues to keep you informed and brings you a continued understanding of your retirement plan.
Since we are independent, we offer a wide variety of services, products and approaches. Will help you develop a custom financial strategy that's right for you.
Regardless of how close or far away from retirement you are we can help you meet your individual financial needs and achieve your goals.
Retirement Income
Unlike the working years, where you've likely drawn a regular paycheck- at retirement it's time to pay yourself!
Are you ready to tap into your savings in a strategic way that you continue to create an income stream you won't outlive?
- Do you have a strategy to grow your income?
- Do you have a portion of your retirement savings protected from stock market losses?
- What does your retirement income look like?
- Do you have an income stream that is guaranteed to last the rest of your life, and the life of your spouse?
The Problem with Social Security
At Encino Financial Group, education is a starting point. One of the first things that we'll do is answer the important questions. Next, we'll go through a discovery with you to find out what your life looks like now, and how you would like your life to look in the future.
- Have you calculated how much your income gap will be when you retire?
- What will the income gap look like when you or your spouse pass away?
Today, 40% of American retirees are relying exclusively on Social Security benefits to fund their retirement. Social Security was only ever supposed to replace around 40% of one’s pre-retirement income. As we have all been told for the last several years, we aren't guaranteed to have Social Security by the time we retire. In fact, the Social Security board of trustees estimates that by the year 2034, benefits will be cut by 25%. What kind of impact will that have on people with no other sources of income?
If retirees can only make up 40% of their income on Social Security, and if they don't have a pension, that means they have to make up 60% of their income in retirement through savings.
Are you ready to tap into your savings in a strategic way so that you'll continue to create an income stream you won't outlive?
We can help!
Preserve what you've worked so hard to build!
Legacy Planning
How you approach your financial planning today defines what your legacy to your loved ones will look like after you're gone.
We can help you understand and employ strategies to ensure your assets are passed on to those people or causes you love.
At Encino Financial Group, we keep an eye on the horizon-so that you can enjoy your life.
We'll design a strategy to help you minimize risk: market loss, inflation and or liquidity ( not having cash accessible when you need it).
Other risks are a little more personal:
- dying early or perhaps living too long
- becoming ill and running out of money
- and not having a plan in place for your loved ones when you are gone.
The best defense is a good offense. We'll go through your current plan with you and find ways for it to be even better.
Mortgage Protection
We understand the importance of securing your family’s financial future, especially when it comes to ONE your most significant investment- your home.
With the proper coverage, you can rest easily knowing your family will never lose their home, even if an unthinkable tragedy should occur.
As brokers, we have access to multiple products, and we can always come up with a plan to protect your family's home.
Life insurance
Life insurance can play an important role in an overall financial strategy-both to protect yourself and your loved ones should the unthinkable happen and in some cases help preserve your assets for future generations.
Encino Financial Group will customize the right plan for you and your life's circumstances.
Long Term Care
For retirees, outliving good health can be both a mental and financial blow!
Have you considered the statistic that almost 70% of people turning 65 today will eventually need some form of long-term care in their lifetimes.
Accounting for future long-term care needs not only lifts a weight off your shoulders today but can help your loved ones breathe a sigh of relief down the road.
One of the wisest things anyone can do to prepare for their financial future is learn about long term care services-long before they’ve needed. Knowing and understanding the choices puts you in a better position to make wise decisions and avoid stress if care is needed.
Ask about one of our tax advantaged plans!
Connect with Our Team at Encino Financial Group
Reach out to schedule a personalized consultation on retirement strategies. Our team will discuss your goals, income, and assets to construct a comprehensive plan tailored for you.