services

Balanced Financial Planning

Meeting your needs is always our number one priority

Sheehan Financial offers a variety of strategies for retirement income, and managing financial and investment risk options for clients in retirement or getting ready to retire. Once we discover what’s truly important to you and what you want, we can then help you plan now through a comprehensive approach for your financial and retirement goals.

INVESTMENTS

 

If you’re concerned about volatility in the stock market and these uncertain economic times, we can put together a diversified investment portfolio that matches your risk and aims to protect a portion of your assets from market corrections. Your current investments may still reflect choices you made prior to retirement. So now is the time to see if investments, strategies and market allocations are needed to reduce or avoid the risk of negative impacts in a volatile market.

LIFE INSURANCE

 

Are you and your family protected from unforeseen events that would impact the ability to cover your expense? Life insurance can offer that protection through a tax-free death benefit, while also providing other tax-advantaged benefits throughout retirement. Depending on your financial situation, a well-designed life insurance plan can provide income, flexibility for financial emergencies, legacy benefits for your heirs and retirement distribution planning. Additional benefits include the ability to offset the potential costs of long-term care if you need it in the future. 1

INDEXED ANNUITIES

 

If you’re looking for stable retirement income, an indexed annuity strategy can help reduce risk while providing a positive rate of return so you get to stay on track for your retirement goals. Indexed annuities offer principal protection, a portion of market growth, and living as well as death benefits. Depending on your needs, indexed annuities may be part of a comprehensive retirement approach. 2

BENEFITS & RETIREMENT DISTRIBUTION PLANNING

 

Sheehan Financial focuses on strategies to distribute your income from deferred accounts and compensation plans to avoid penalties. While we may be in a tax friendly environment now, that can change and it makes sense to start planning now. We can help with Roth IRA conversions, retirement distribution planning and rollovers for 401(k)s, Thrift Savings Accounts and other employment contribution accounts you may currently have. Integrating tax strategies now can reduce the potential impact when you turn 70 1/2 and Required Minimum Distributions from these accounts start.

RETIREMENT PLANNING

 

Our goal is to work with you to help provide income for the rest of your life so that you may have the peace of mind to enjoy your retirement. This planning includes an analysis of your Social Security benefits, any pension, savings and employer compensation plan you have. As is the case with all the planning we do, our comprehensive approach is based entirely on your needs and not an off-the-shelf template that may not work for your unique situation.

LEGACY & ESTATE PLANNING

 

Through the life and annuity strategies we develop we want to ensure that your beneficiaries receive your remaining assets. If applicable we work collaboratively with qualified estate planning attorneys if assets need to be placed in trusts to ensure the proper distribution to your family and beneficiaries.

1 Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

2 Guarantees are subject to the claims-paying ability of the issuing insurance company. Fixed annuities available are issued by third-party insurance companies, which are not affiliated with any The iNvestment Center, Inc. or IC Advisory Services, Inc. A contract’s financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used or relied on, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Entities or persons distributing this information are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.