What Can We Do For You?

Insurance is a term people often use but only sometimes understand. For customers, insurance companies offer a contract (known as a policy) whereby an individual or corporation receives a promise of reimbursement against possible losses in exchange for a premium. Insurance companies pool risk this way; that means that if an insurance company has to pay out a death claim, the company is still bringing in revenue, according to Investopedia (1).

There are several types of insurance. Some of them—like life insurance—are straightforward. Yet, even in life insurance, there are many things to consider, like term vs. whole life. Other types of insurance, such as fixed-indexed annuity contracts, might require even more explanation. You can buy a car, home, boat, or business insurance. You can also purchase insurance for things like needing long-term care in retirement, liability insurance for your business, and disability insurance for your profession.

People often discuss insurance as “protection,” but it’s risk mitigation. It helps ensure that clients don't face their risks flat-footed, no matter what twists and turns come with life. Nothing can protect you from risk. However, with thoughtful, proactive, and detailed insurance strategies (as part of a comprehensive financial strategy), you may have more options than you would have without insurance.

Please book a consultation with me today to discuss a customized strategy for you and your family.

No two careers follow the same trajectory. Following that, both retirements are pretty different, too. Everyone will have different income goals, needs, and strategies.

We at CPT Wealth Strategies take the time to listen to your needs and help formulate a strategy to take you from the accumulation phase of your life to the distribution phase. Half of U.S. households are at risk of not having enough income to maintain their standard of living in retirement, according to the Center for Retirement Research at Boston College. Most people can no longer rely on the pensions many workers in prior decades enjoyed. At the same time, stagnate wages and job insecurity have grown more common, according to an article on Annunity.org (2). According to experts on Fortune.com, a good rule of thumb is that your retirement income should equal about 80% of your pre-retirement income. For example, if you make $150,000 per year, you should aim to have at least $120,000 per year in retirement to live comfortably in your golden years (3). This disparity, to say the least, is striking.

Whatever your plan and retirement goals, I can help you evaluate options for retirement income. I’m ready to listen; I’m prepared to lend my experience. Please book a consultation today.