Starting with a retirement planning assessment, the TPI team works with you to create a retirement plan that fits with your financial goals. Our plan will provide you with an optimal income stream and peace of mind upon retirement.
There are four different kinds of plans we will take into consideration when working with you. They include a defined benefit plan, qualified benefit plan, non-qualified benefit plan, and/or an annuity. Here’s a quick look at what these plans are:
Defined benefit plans, like 401(k)s, provide a fixed, pre-established benefit for employees at retirement.
Qualified benefit plans, like pensions, are established by an employer to provide retirement benefits for its employees and their beneficiaries.
Non-qualified benefit plans are designed to meet specialized retirement needs for key executives and other select employees. They include deferred compensation plans, executive bonus plans, group carve-out plans, and split-dollar life insurance plans.
Annuities accept and grow funds from an individual and then provide a steady stream of payments to the individual during retirement. They can be structured in a variety of ways, depending on your needs.