Pension benefits

If you haven't done any asset protection planning, your wealth is vulnerable to potential future creditors and, should the worst happen, you could lose everything.

Lawsuits, taxes, accidents, and other financial risks are facts of everyday life. And though you'd like to believe that you're safe, misfortune can befall even the most careful person. What can you do? First, identify your potential loss exposure, then implement strategies that are designed to help reduce that exposure without compromising your other estate and financial planning objectives.

Q. How are my retirement benefits calculated?

If you have the faintest feeling that you may be receiving an early retirement or severance package from your company soon, don’t wait until it actually happens and start planning right away. Usually when the package is offered the deadline for making a decision is quite tight and this can mean you will be under pressure to make one of the most important financial decisions of your life in the span of a few days.

Most people assume that promises made to them by their employers are iron clad. For those of us who are self employed we have no employer to rely on and must rely on ourselves to make sure our future retirement is secure.