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Investments and Retirement Planning Services

Investment and Retirement Planning*

Investments for Immediate or Future Income

Americans are living longer and spending more time in retirement.   A retirement nest egg is probably the largest amount of money a person will need to accumulate.  However, it is often said that “failing to plan is planning to fail.” This is especially true when it comes to retirement income.

SPC offers complete retirement planning strategies.  From providing professional guidance on investment opportunities to handling of the administrative servicing and tax issues of your plan, our main goal is to help enhance and simplify the entire retirement planning process.

Following is a sampling of the types of investment products and retirement plans we offer to both Groups (employers) and Individuals.

Annuities

Annuities are investment contracts that can help you grow your savings and/or retirement portfolio. Annuities most often are used as a strategy to provide you with retirement income that you cannot outlive. Payments may begin immediately or at some future date in exchange for a lump sum payment or a series of payments made prior to onset of the annuity. Annuities may arise as a result of a structured liability settlement as well. Annuities may provide either an immediate income stream or an income stream at retirement (or other future date) that transfers some of the risk of you outliving your money (“lifespan uncertainty”) to the insurer. Annuities are offered from carriers with the highest ratings available and designed with high current interest rates and short surrender charges.

Annuity contract structures are complex with an array of product choices such as: fixed or indexed, deferred or immediate, for both the qualified and non-qualified marketplaces. As a result, please contact your agent to discuss possible benefits, risks, costs as well as potential tax deferral advantages to see if annuities are a good fit for your financial plans.

College Funding Plans*

The cost of a four year college education alone has nearly tripled in the last two decades. College funding plans help families set aside money, usually tax free for future college costs. Some of these plans include 529 Plans, Custodial Accounts, Coveredell Education Savings accounts and others, all having unique features and advantages. With some plans, literally anyone can contribute to the plan, up to a certain amount without being taxed. With some plans, withdrawals are federally tax-free and penalty-free as long as they are used for educational purposes or for the named beneficiary.

We recommend you call us or contact us using our contact form for more information and to discuss possible benefits, risks, and costs, as College funding plans can be complex.

Mutual Funds*

Mutual funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own.

For the average small investor, mutual funds can be a smart and cost-effective way to invest. You don’t have to have a lot of money—most funds will let you buy shares with as little as $1,000 up front and invest as little as $50 per month. Buying shares in a mutual fund is also an easy way to help diversify your investments, which is really another way of saying that you won’t have all your eggs in one basket. For instance, most mutual funds hold well over 100 securities. For someone with just a few thousand dollars to invest, building and managing a portfolio containing that many securities could potentially be highly impractical, if not impossible.

As a mutual fund investor, you get the benefit of having a professional manager reviewing the portfolio on an ongoing basis. Professional portfolio managers and analysts have the expertise and technology resources needed to research companies and analyze market information before making investment decisions. Fund managers identify which securities to buy and sell through individual security evaluation, sector allocation, and analysis of technical factors. For those who have neither the time nor the expertise to oversee their investments, this can potentially be invaluable.

Group Retirement Plans

SPC understands how important it is to have a retirement plan that is good for both you and your employees. Our goal is understand your company’s unique needs now, and as those needs may change at each stage of your company’s development. Our consultants can help you determine the type of Qualified Plan that best fits your organization from the following types of plan options:

-Traditional 401k
-Safe Habor 401k
-Profit Sharing 401k
-Roth 401k
-Cash Balance
-Money Purchase
-SEP Plans
-IRAs
-Others

The following plan features may enhance the plan value to the company and its employees:

-Matching Contribution Strategy
-Profit Sharing Formula and Strategy
-Auto Enrollment
-Automatic Deferral Increase
-Default Investment Options
-Loan Policy
-Hardship Withdrawl Positions
-Vesting Schedule
-Investment Policy Statement
-Fiduciary Warranty Protection
-Third Party Fudiciary Option

We suggest you call our office or contact us using our contact form for a free analysis of your retirement programs.

Named Best Financial Advisor

By Financial Times

In 2015, Rick Magill, the founder and CEO of SPC, was named by Financial Times as one of the top Financial Advisors in the USA. That’s because Rick takes the time to listen to your goals and circumstances, and then works to develop a personal financial strategy built around what’s important to you.

Check the background of Ameritas Investment Corp. or this investment professional on FINRA BrokerCheck.

 

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