Our Services Include:
Retirement Income Planning
While retirees used to plan for 10 to 15 years of retirement, you now might need to fund 25 to 30 years without an incoming salary. It can be tricky to know exactly where that income will come from, and the question of whether or not you have enough can be incredibly stressful. That’s where PDFS steps in to plan your desired lifestyle in retirement. Through both the accumulation and the distribution phases, we work to build funds that keep you pushing toward your retirement dreams.
Legacy and Estate Planning
You’ve worked tirelessly for everything you have, so when transitioning your assets, we want to see as much as possible end up in the hands of those you love. We begin planning early, using modern tax strategies to efficiently transfer your wealth to your beneficiaries. The proper financial plan can relieve the stress of passing your assets and ensure that your family is taken care of going forward.
Accumulation is fantastic, and PDFS does help you boost your retirement accounts to achieve your goals, but protecting what you already have can be just as important. By understanding exactly how much you’ll need to fund a comfortable retirement, we can design a plan to mitigate risk to your retirement accounts and ensure that your dreams are protected from volatile markets.
Social Security Strategies
Social Security plays a prominent role in funding your retirement. It can be difficult to time the end of your career, and it’s important to know that filing for Social Security before your full retirement age will permanently decrease your benefit. Furthermore, there are ways to maximize that benefit. At PDFS, we work with private and government employees to ensure that you’re positioned to collect your Social Security at the optimal time.
Financial Awareness & Education
As financial professionals, our approach is built on the foundation of education, and we believe that our role is to teach, giving you the power to make the decision that you feel is right. From our first meeting, our objective is to understand your goals, breaking down any informational barriers that may stand in the way of the retirement you hope to have. While we may have plenty of questions for you, we’re just as ready to field any questions you might have for us.
Portfolio Rebalancing & Diversification
As you get closer to retirement, protection becomes even more important, and the most dangerous time to see a decline in the market is the first few years of your retirement. A properly diversified portfolio accounts for that danger, safeguarding you from risks like sequence of returns risk and longevity risk.
At PDFS, we believe that your money belongs in your pockets, and long-term tax planning can save you, and your heirs, from future tax burden. Additionally, with tax legislation evolving every day, we stay informed so that we can pass information on to you, giving you the chance to pay what’s fair but nothing more. We can help with a variety of strategies, including properly timed Roth conversions to give your accounts tax-free growth.
Planning for Health Concerns
Did you know that Medicare does not cover long-term care? That’s because it’s treated as a lifestyle expense as opposed to a medical expense. At the same time, 70% of retirees will need long-term care to some extent. Long-term care is also incredibly expensive, potentially increasing your chances of outliving your money in retirement. Modern options have given us the chance to help clients cover long-term care, giving them the ability to pay for it if they need it while still helping their beneficiaries if they don’t.
Who We Serve
At Purpose Driven Financial Services, we aim to serve all those in need of financial guidance and education. Although, we work with all peoples of all backgrounds, we have much experience that makes us experts when working with the following:
K – 12 EDUCATORS
READY TO GET STARTED?
Before signing up for our investment consulting or management services, book a free introductory consultation with us!