Retirement Projections

At Kay Quinn Financial, we offer 401(k), 403(b), SIMPLE/SEP, Traditional IRA and Roth IRA management

Retirement planning involves an accumulation strategy to ensure a desired retirement lifestyle

Because an individual’s retirement years can span decades, retirement planning generally outweighs other financial goals. A successful plan put into place during the wealth-building period of life should address ways to maximize growth and tax-efficient distributions, as well as a strategy to transfer assets to the next generation.

There are several ways to save for retirement:

  • Qualified plans are employer-sponsored retirement plans such as 401(k), 403(b), profit-sharing programs and pensions.
  • Traditional IRAs allow an individual to grow tax-deferred assets while reducing their taxable income, and Roth IRAs allow for tax-free accumulation and distribution of savings.
  • Business owners or executives may have access to other tax-advantaged retirement savings vehicles such as Simple and SEP IRAs.

At the heart of any retirement plan is the distribution of accumulated assets. The correct distribution method will help to ensure that your retirement savings last throughout your lifetime with minimal tax consequences.