Years ago, 1/3 of retirement income came from personal savings, and 2/3 came from your employer and the federal government (your pension and Social Security). Today, retirees get nearly 30% of their retirement income from earnings (still working out of necessity), and would be in a poor financial position if they could not work. Yes, some still do have pensions, but the fundamental question is- how long will your pension income last? Should you pass away, will those benefits continue to your spouse? When you retire, how will you replace your income without a pension?

Today's retirees need to protect their assets and reduce taxes, especially during this period of their lives. Making a fundamental change in how you hold your assets makes all the difference in the world. You owe it to yourself and your family to get a second opinion on your financial strategies to make sure you will not outlive your money. Additionally, there is no sense in paying unnecessary income taxes. We have proven strategies on how you could eliminate of greatly reduce taxes. At Safe Financial Solutions, we specialize in the preservation, protection and certainty of your retirement assets. 

All too common do retirees make easily avoidable mistakes in rolling over an IRA or 401k. These mistakes cost retirees thousands of dollars in unnecessary taxes and penalties annually!

Deferring taxes can have a powerful effect on the potential growth of an investment. The dollars that would have gone to paying taxes remain in the investment, which means more money working for potential returns. Safe Financial Solutions will be able to offer some tax strategies that might prove successful as you save and invest for retirement.

The annual median cost for long term care with a home health aide in New Jersey is almost $60,000. The annual median cost for a nursing home facility is almost $144,000.* Planning ahead ensures the peace of mind that you'll be able to choose what kind of care you want, should you need it and be worry free about affording it.

Permanent life insurance, which includes whole and universal policies, builds cash value over time and can function as a source of retirement income. If you need to withdraw money from the cash value of the policy as a source of retirement income, the income is not taxable. This can be an easily accessible source of funds, especially if you need to cover emergency expenses. Of course, a life insurance policy will still provide for funeral and estate costs or leave tax free legacy your family.