Golden Financial Services, a registered investment advisor, is a private, fee-based financial services firm founded by Craig Krespach, a CPA (Certified Public Accountant) and CFP (Certified Financial Planner practitioner).  We are located in Hampton, New Hampshire (serving Hampton, North Hampton, Rye, Porstmouth, Exeter, and the greater NH Seacoast) and specialize in personalized, comprehensive financial planning and asset management for individuals, trusts, estates, charitable organizations and small businesses.  We offer investment management, retirement, estate and tax planning, and risk analysis, including long-term care protection and life insurance.  Call today to schedule your FREE consultation.      
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"The only two things that make you happy in this world are people that love you, and having your health. Money will not buy you either one." - Warren Buffett
 
Services: Retirement Planning  
   

Retirement planning involves evaluating your current financial standing and creating an accumulation strategy that will help to ensure a desired retirement lifestyle. Because an individual's retirement years can span decades, retirement planning generally dominates other financial goals. A successful plan put into place during the wealth-building lifespan should address ways to maximize growth and tax-efficient distributions, as well as how to leave retirement assets to the next generation.

There are several ways to save for retirement:

  • qualified employer-sponsored plans,
  • individual retirement accounts (IRAs),
  • personal savings, and
  • executive deferral plans.

Qualified plans are employer-sponsored retirement plans such as 401(k)s and pension plans. While there are contribution limits and strict distribution rules, these plans are popular because of their tax benefits. Generally, employers will make participation even more attractive by matching all or a portion of an employee's contribution. It's important that you choose the optimum plan to benefit the key people in your company.

IRAs are inexpensive, easy to establish and maintain, and also offer favorable tax incentives. They can be created by an individual or provided by an employer. Most people use IRAs to consolidate retirement savings that were previously held in employer-sponsored plans. Our process coordinates your IRA investments with your other savings plans.

You may find that qualified plans, IRAs, and social security won't provide enough money to support your desired retirement lifestyle. By identifying your retirement gap, you can develop a strategy for personal savings invested outside of the traditional retirement vehicle.

Business owners or executives may have access to other tax-advantaged retirement savings vehicles. Nonqualified executive compensation is a generic term used to describe a compensation arrangement that provides retirement income—and, in some cases, death benefits—to key employees of a business.

At the heart of any retirement plan is the distribution of accumulated assets. The correct distribution method will help to ensure that your retirement savings last beyond your lifetime with minimum shrinkage from taxes. From premature distribution options that allow access to retirement assets prior to age 59 ½, to products intended to provide stable monthly payments for retirement, distribution planning is paramount to a successful retirement plan.

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