Where will your retirement money come from? Qualified retirement plans like TSPs, 401(k)s, 403(b)s and similar qualified accounts, Social Security, personal savings, and investments will all play a role. But how will everything work together to get you the monthly income you will need? At Bay to Bay Financial & Insurance Solutions, we’ll work with you to design a comprehensive plan to help grow, preserve, and protect your hard-earned assets to ensure you have an income for life.
Who We Serve
Private Sector Clients
We Serve Individuals & Families Throughout the US
Retirement planning is our specialty. In retirement, you will no longer be in the workforce with a regular paycheck coming in. Instead, you will need to find ways to generate lasting income and withdraw money from your retirement savings in a manner which is both tax-advantaged, and won’t cause your nest egg to empty out too soon. Make sure you understand what will happen in retirement, and how it will work.
- When will you be able to retire?
- Will you pay too much in income taxes? (Remember, you will owe ordinary income taxes on traditional TSPs, 401(k)s and other similar non-Roth qualified retirement accounts.)
- How will RMDs (required minimum distributions) work, which begin at age 73 and are required annually by the IRS before midnight each December 31? (There’s no grace period to tax day.)
- Will you be able to pay for long-term care if you need it someday? It’s not covered by Medicare!
- Will you run out of money someday when you will be too old to work?
Don’t worry about retirement—create a plan! We work with you to analyze your accumulated assets, create a realistic retirement budget, maximize Social Security filing strategies, and create a withdrawal and retirement income plan that optimizes distributions while minimizing your taxes.
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Who We Serve
Whether you work in the private sector, or serve in a public role, we can help you with a plan and strategies to take you to and through retirement. We help those who are uncertain about their financial future find clarity over their financial situation, how it impacts their future, and what can be done to enhance their income in retirement.
