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LEGACY PLANNING

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Professional Legacy Planning from Secure Retirement Strategies

As with writing a will, it is important that you start planning your legacy as early as life allows so that when the time comes, your financial affairs are in order. For most people, getting professional advice on how to best prepare their legacy helps them clear up any confusion they may have when planning out their financial futures.

At Secure Retirement Strategies, we help our clients address any issues they may have with their financial security. When it comes to planning for life’s next steps, having a reliable source for retirement advice makes planning your financial legacy a breeze. We’ll help you manage your legacy so that your loved ones can continue to prosper after you are no longer here.

We offer professional legacy planning in the following Pennsylvania and New Jersey Counties:

  • Lehigh County, PA
  • Chester County, PA
  • Northampton County, PA
  • Bucks County, PA
  • Hunterdon County, NJ
  • Mercer County, NJ

What is an Estate?

An estate is a term that used to describe all of the assets that you own which hold value. This can include non-financial assets such a house or personal effects as well as financial assets such as 401Ks and annuities.

Furthermore, your estate can also include important decisions you’ve made that ensure your family’s core values, responsible behaviors, and community involvement will be passed onto future generations.

What is Legacy Planning?

While most people are somewhat familiar with the term estate planning, many don’t fully understand what legacy planning is and how it differs from estate planning. When planning a legacy, we take a more holistic approach then what is typically used for estate planning. We help our clients create a definitive plan for managing your overall wealth while you are alive and distributing your estate how you see fit after your death. We work to ensure that you have a clear plan to pass on your legacy to the ones who matter the most.

With so many investment products on the market, it can be hard to figure out which one will meet your needs. To help you understand how an annuity can fit your long-term goals, we’ve compiled a list of the three major reasons why investors buy annuities.

  • College education
  • A new home
  • Medical expenses
  • Debt
  • A new business

No matter how you envision your estate to be passed down, remember the road to a meaningful financial legacy starts with a solid plan.

What are Estate and Inheritance Taxes and How Do They Affect My Legacy?

One of the biggest things people do not think about is protecting their estate from potential threats like legal issues, creditors and the ever dreaded taxes. Put simply, an estate tax is a tax that is levied when an heir inherits a portion of an estate that is valued at an amount that exceeds the exclusion limit set by law. In contrast, inheritance tax is an additional tax often applied to an estate from the first dollar left to heirs.

What this means is if your estate’s value exceeds the limit set by the IRS, your heir will be required to pay federal taxes on the assets of your estate. If they live in a state that still enforces inheritance taxes, they will also have to pay state taxes on any assets they have inherited from you. Pennsylvania and New Jersey both can apply inheritance taxes depending on who the beneficiary is.

When it comes to planning your legacy, it is vital that you assess how taxes will affect your estate while planning for the future. Often when people invest in retirement plans such as IRA’s, 401K’s, and annuities, they do not account for how high their estate will be taxed when their loved ones accept their inheritance. Anyone who inherits an IRA or a 401(k) will owe income taxes on the amount inherited in addition to any estate or inheritance taxes. We’ll help your loved ones reap more of the benefits of your estate by helping you develop a financial plan that accounts for all possible taxes.

Let’s plan your financial future.
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How Can Secure Retirement Strategies Help Me Plan for the Future?

If you’ve already begun to think about your financial legacy, you’ve probably asked yourself who should receive my financial legacy, what should I leave behind, and when should my assets be passed down? These types of questions are common, and our team of professional advisors has the answers you’ve been searching for.

Our financial legacy planning strategies utilize retirement tools such as:

We’ve helped many retirees in the following Pennsylvania and New Jersey Counties secure a bright financial future for generations to come:

  • Chester County, PA
  • Lehigh County, PA
  • Bucks County, PA
  • Northampton County, PA
  • Mercer County, NJ
  • Hunterdon County, NJ

Contact us today to get started on securing your financial future—we’re ready to help!

Michael Neft, our agent, and the entire team at Secure Retirement Strategies have been so wonderful to work with. We have peace of mind about our financial future. We would recommend Secure Retirement Strategies to friends and family. They are always available to answer any questions we may have.
Rita B.
Mike Neft and his staff were very professional and personal. We met with Mike to review our existing investments. As retirement approaches we wanted assurance that we would not exhaust our funds prior to our demise. Mike did a thorough review and suggested some changes that would provide us with guaranteed income sources.
Richard W.
The thought of making all the decisions involved with moving a lifetime of savings into the right places to secure one’s retirement years can be frightening. It was for my wife and me until our first meeting with Marc and Lou. Options were clearly explained. Questions were plainly answered. Most importantly, time was taken to build trust. We are glad that we found SRS!
Jen L.
Lou and Marc listen attentively to what we want, striving to find the best products for our financial goals and needs. They are very patient, taking the time to answer all our questions and making sure we understand the products we are purchasing. Their friendly, no-pressure personalities, paired with a vast knowledge of retirement options provides a strong feeling of confidence in their ability to assist us in meeting our retirement goals. It is a real pleasure working with the Secure Retirement Strategies team.
Kathy R.
Mike, Marc, Merrick, Lou and Christian were very patient with my wife and me in explaining a secure retirement strategy and how to better position our finances to align with our goals. We met with several of them for a few times initially, and they patiently explained the strategies we could use for saving on taxes and getting better yields from our investments. We did not feel rushed or pushed into anything we weren’t comfortable with, and I highly recommend SRS to anyone that wants a better financial future.
Tony D.
SRS is composed of a group of knowledgeable and professional advisors. There is NO sales pressure or use of other tactics in your meetings with them. Instead, expect patient and thorough listening followed by thoughtful suggestions and packages designed to meet your individual needs. They continue to check in with you throughout any process and answer all questions patiently, thoroughly and promptly. I would recommend them highly and without hesitation!
Sharon C.
All of my encounters with this group of professionals have been exceptional. They have made appropriate investment recommendations, which we have been very pleased with the results of thus far.
Ron G.
Merrick and his team have surpassed my expectations. They truly listen to their clients’ needs. I really appreciated the time they took to walk me through the many options.
Muzaffer G.
Appreciated the service and continual contact in the application process. Both Lou and Tom were very knowledgeable and not only explained everything to my satisfaction, but also made sure that I understand the policy and process. Seeing the excellent tax benefits of this policy was an eye-opener. I am very pleased with the product, policy and service and would highly recommend the use of the products and/or employees associated with Secure Retirement Strategies.
Micheal S.
I had a good experience with all the gentlemen at Secure Retirement Strategies, from the excellent dinner and presentation to the delivery of my contract. They were very patient and never pressured me to do anything and were all very knowledgeable. I put my confidence in them in making my decisions. I am glad I met them and hope to have a long relationship.
Thomas W.
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