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Retirement Planning

Retired CoupleRetirement Income

When clients reach retirement, FIS will provide a Cash Flow plan to supplement their Social Security and/or Pension.  We will also assist in setting up an automatic ACH distribution to the client’s personal checking account so that the client doesn’t have to worry or wait for a check in the mail.

Pre 59 & 1/2 Strategy

There are very stiff penalties for investors who withdraw monies from their retirement accounts prior to age 59 ½.   Fortunately, FIS understands that uncontrollable circumstances do happen and can help clients to avoid or minimize these penalties through its extensive knowledge of IRS tax and distribution rules. 

Required Minimum Distribution (RMD) Calculation

When clients reach the age of 70 ½, they must start withdrawing mandatory distribution amounts based on IRS life expectancy tables.  These required amounts change every year and are very complicated.  FIS removes this complication by assisting clients with distribution calculations and meeting all IRS distribution requirements.


An Individual Retirement Account (IRA) is one of the best ways to start investing for retirement. 

This account allows investors’ contributions and earnings to grow tax deferred until they are withdrawn at retirement, which ideally will be at a lower tax rate. 

A US citizen with earned income can contribute to an IRA regardless of how much money is earned or if he or she is contributing to a retirement plan with their employer.  However, as a result of IRS-mandated income limitations, some investors may not be able to tax deduct their contributions.  In these cases, FIS recommends a post-tax IRA and will advise accordingly. 

Roth IRA

The Roth IRA is one of the most effective investment accounts for retirement savings.  This account allows an investor to contribute post-tax earned income into an IRA that remains tax-free indefinitely.  Certain IRS rules and limitations do apply. 

Roth Conversions

Converting an IRA to a Roth IRA is advantageous in certain situations.  However, an analysis must first be conducted that relies on several assumptions, including future inflation, investment returns, and tax rates.  FIS offers clients a free analysis to best determine the feasibility of Roth conversions.


Based on the financial strength of the insurance company, an annuity can provide a “guaranteed income” stream over a client’s lifetime. 

Annuities often provide assurance for clients whom are generally uncomfortable with stock market volatility; however, clients choosing to purchase annuities, whether by their own choice or due to uncontrollable circumstances, will have to pay higher investment expenses.   It is for this reason that FIS typically does not recommend annuities for clients.  Furthermore, the placement of a deferred or immediate annuity in a taxable, IRA, or Roth account is very important to consider when analyzing the after-tax impact.

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