Testimonials
What some of our clients have to say
Our Happy Clients!
I can’t tell you how good it makes me feel to know that you have my best interest in mind. I don’t know what I would have done without having confidence in your guidance about my annuity money, how to make the changes, access the money, and what steps I need to make in the future.
Betty
I have worked with Tim Piatchek for many years. Tim has helped me with rolling over my retirement dollars early on and helping me along the way turn on my income to last a lifetime. Tim schedules yearly reviews to make sure we’re always staying on track. We have never lost one penny to market downturns or crashes in the market including 2008 and recently the end of 2018 when the markets fell sharply. I would recommend Tim for anyone who doesn’t want to lose money in the market and guarantee a future income for retirement.
June
Our situation is unique with me being self-employed, but Tim was able to provide us with several cost-effective options to choose from that met our needs, now and in the future. We have confidence in Tim’s GREAT customer service and vast knowledge of the industry. We know we can count on him to tell us like it is. We appreciate his honesty and integrity! Thanks Tim!
Steve/Tamy
Everyone should have the first- class type of Insurance Agent that Susan & I have in you Tim. It figures my wife found you. I’m thankful that she did! Our concerns for an insurance policy with you, as it turns out, was a wise choice to purchase. The courteous Christian manner in which you have helped me & shown real genuine compassion in this sad occasion, is beyond the highest standard.
Kim
Tim has been very helpful with my retirement planning and follows up every year to make sure it’s on track to protect and safely grow my funds from market risk and health care costs such as long-term care. He also helped me with accounts to be paid to my heirs from a taxable situation now to Tax-Free. I wouldn’t keep coming back as I told him unless he was helping me and so far I have been back every year to visit with TIM. I can highly recommend him to help you or someone you know today!
Doris
Selena
I want say I have been very thankful for having Piatchek as my advisor for over 6 years. Tim has gotten me through a difficult time in 2019 till now. Going through a divorce and helping me change my accounts and setting me up for my soon to be retirement.
The team has been helpful and I highly recommend them.
Kim
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Have a Question?
This is a common retirement question since you’ve spent your life accumulating savings. Now, it’s time to use your retirement savings for income.
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You can retire whenever you have the financial resources to stop working, but sometimes that’s not a choice. In fact, 40% of people reported being forced into retirement earlier than planned, primarily due to healthcare issues (caring for themselves or a loved one) or changes at their job. That statistic comes from the Employee Benefit Research Institute (EBRI).
The median retirement age is 62, according to EBRI.
Taxes reduce the amount you can ultimately spend in retirement, so it’s crucial to understand how much after-tax spending you can afford. A detailed financial plan with year-by-year cash flow projections can help you understand the impact of taxes.
When you withdraw money from pre-tax retirement accounts, you typically report that amount on your taxes and you may owe income tax. Those accounts include things like traditional IRAs, pre-tax 401(k) or 403(b) balances, SEP and SIMPLE plans, and more. Withdrawals from Roth-type accounts may come out tax-free—as long as you meet all IRS requirements.
Retirement income can also cause tax consequences. In many cases, your pension income is taxable. Social Security income may also be partially taxable, depending on other items on your tax return. You could potentially owe taxes on up to 85% of your Social Security benefit.
With smart planning, it may be possible to optimize the amount you pay in taxes and maximize the amount you can spend. Strategies include planning when and how you take income and withdrawals from different sources. It could even make sense to pay taxes before you really need to—on purpose—in an attempt to avoid higher taxes down the road. Roth conversion strategies do just that.
As you work toward retirement, the most important things you can do are save money and maximize your income. Also, living below your means is helpful—it helps you save money, and you’ll be able to live on a lower amount in retirement, which is more important than most people realize.
You can read more about how to retire from start to finish, including tips on where to save money and how much to save. It’s important to be a smart investor as you accumulate assets, but investing isn’t necessarily the most important thing, and it’s easy to get lured into fancy investing strategies that hurt your chances of retirement.