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Princess Anne Office

30386 Mt. Vernon Road

Princess Anne, MD 21853

Retirement Planning

It's Never Too Early...Or Too Late...

It's Never Too Early...Or Too Late...

Retirement planning is a process that evolves over time.  In order to have a comfortable and secure retirement, you need to build a financial cushion that will fund it.  It all starts with planning how you get there!  At Landmark Insurance & Financial Group, we believe it's never too early - or too late, to start planning for your retirement. 

Our Licensed Advisers are here to assist you in creating your retirement goals and calculating how long you need to meet them.  We then help you fund your future by choosing the different accounts that for investment.  You have to invest for it to grow.  We are here to help you walk through how the new regulations affect your retirement accounts, so that when you do get to retire, you can enjoy more of what you earned! 

*Advisory Representative offering Investments & Advisory services through Lincoln Financial Securities, Member SIPC

Licensed to sell securities in the following states:

Maryland, Delaware, Virginia, Pennsylvania, DC, Arkansas
LFS-3037437-041020

Understanding Your Retirement Options

  • Understand Your Time Horizon: Your current age and expected retirement age create the initial groundwork of an effective retirement strategy. The longer the time between today and retirement, the higher the level of risk your portfolio can withstand
  • Determine Retirement Spending Needs: Having realistic expectations about post-retirement spending habits will help you define the required size of a retirement portfolio. 

  • Calculate After-Tax Rate of Investment Returns: Depending on the type of retirement account you hold, investment returns are typically taxed. Therefore, the actual rate of return must be calculated on an after-tax basis. However, determining your tax status when you begin to withdraw funds is a crucial component of the retirement-planning process.
  • Assess Risk Tolerance vs. Investment Goals: How much risk are you willing to take to meet your objectives?  You need to make sure that you are comfortable with the risks being taken in your portfolio and know what is necessary and what is a luxury. This is something that should be seriously talked about not only with your financial advisor.




Secure Act of 2019- Summary & Changes

Secure Act of 2019- Summary & Changes

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Our History

The CARES ACT

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Types of Retirement Accounts

Roth 401(k) vs. 401(k):

Your employer may give you the choice between a regular 401(k) and a Roth 401(k).

  • The contribution limits are the same, but the Roth 401(k) is funded with after-tax dollars, like a Roth IRA .
  • The Roth 401(k) provides taxpayers who earn too much to contribute to a Roth IRA to gain Roth IRA benefits—tax-free distributions, no required minimum distributions in your lifetime—as that money can later be rolled over into a Roth IRA.
  • Contributions to Roth 401(k)s and Roth IRAs are made with after-tax dollars.
  • While contributions to 401(k)s and traditional IRAs are made with pretax dollars.

Traditional IRA:

A traditional IRA (individual retirement account) allows individuals to direct pre-tax income toward investments that can grow tax-deferred.

  • Traditional IRAs (individual retirement accounts) allow individuals to contribute pre-tax dollars to a retirement account where investments grow tax-deferred until withdrawal during retirement.
  • Upon retirement, withdrawals are taxed at the IRA owner's current income tax rate. Capital gains or taxes on dividends are not assessed.
  • Contribution limits exist ($6,000 for both 2019 and 2020 for those under age 50; $7,000 for those 50 and older), and required minimum distributions (RMDs) must begin at age 72.
Bonds:

Think of a bond as an I.O.U. between you and a company, municipality, or government. You act as the lender, and the borrower (e.g., the company) pays you interest for the life of the bond. When the bond matures, you get your initial investment back.
  • Investments in debt that provide regular interest payments for a fixed period, and then the principal investment is returned
  • Used by all types of investors, including retirees
  • Issued by corporations, municipalities, and governments





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Privacy/Legal Notice

See Lincoln Financial Securities (LFS’) Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services LFS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFS’ Forms ADV, Part 2A, which describe LFS’ investment advisory services, Regulation Best Interest Disclosure Document, which describes LFS’ broker-dealer services, and other client disclosure documents can be found HERE.