Committed to protecting your future

Retirement Planning

Retirement planning is like getting a checkup. You need an annual review to make sure that your plan is still solvent. During our meetings, we focus on everything that is important to you to create a plan that reflects your ideal retirement. By specializing in all aspects of retirement, we work to preserve your portfolio, protect your assets, and provide you with lasting retirement income.

Our Commitment to You

  • Connect you with retirement strategies that encompass your retirement vision.
  • Help eliminate risk from market fluctuations and still enjoy market gains.
  • Ensure that your retirement income lasts over the course of you and your spouse’s lifetimes.
  • Help manage the financial impact of lifestyle changes (retirement, death, divorce, disability, health).
  • Preserve your savings in the most tax-efficient manner to help combat inflation.
  • Reduce or eliminate unnecessary fees to keep more of your principal.

Retirement Income

As you move closer to your retirement, no one wants to experience a loss in their portfolio at the moment they will need it the most! A critical aspect of any retirement income plan should be asset preservation. Unfortunately, not all individuals view asset preservation as an integral part of the plan, you need to develop a retirement income plan that includes asset preservation. We’ll help you find the right retirement strategy for you and your family, one that meets all your needs and carves a clear path for your family’s future.

What you can expect from us

  • Help with creating income strategies that are in your best interest –
    guaranteed by our fiduciary duty to you.
  • Assistance in determining the best solutions for account withdrawals and the
    order from which to withdraw.
  • Guidance in selecting tax strategies that benefit your IRA, 401(k), 403(b), or
    other retirement plans.
  • Help with maximizing Social Security incoming and determining the best time
    to begin.
  • Assistance with disability coverage, nursing home protections, and paying
    estate taxes for your heirs.
Participate in Market Gains

We present investment options that can provide potential for growth and accumulation of assets during times of market gains. Certain income strategies allow you to grow your assets and outpace low-interest investment vehicles so you can stay in front of inflation rates.

Protection from Loss

We offer investment options that can protect assets from market downturns and losses which can result in a better rate of return over the life of your investment.

Provide an Income for Life

Today, retirees must contend with longevity, rising health care costs, and outliving their savings, but these issues can be overcome with a bit of attention to detail. We provide strategies that can set up an income stream that lasts throughout your retirement. With these options, you can lead a safer retirement for yourself and your spouse and leave a legacy for your heirs.

Risk Assessment

If you are retired or soon-to-be retired, the preservation and protection of your retirement savings is critical. Now is the time to move away from risky strategies and turn to options that protect assets against market downturns along with dependable returns. You can still leave a portion of your assets in the market, but determine your risk level first. Once you determine what level of risk is acceptable for your portfolio, your portfolio can continue on its path toward your retirement.

What you can expect from us

  • Guidance when determining your risk tolerance as you near retirement.
  • Help determining what kind of investor you are.
  • Assistance with determining what level of risk your assets should be exposed to today.

Taxes, Fees, and Inflation

If you are retired or soon-to-be retired, the preservation and protection of your retirement savings is critical. Now is the time to move away from risky strategies and turn to options that protect assets against market downturns along with dependable returns. You can still leave a portion of your assets in the market, but determine your risk level first. Once you determine what level of risk is acceptable for your portfolio, your portfolio can continue on its path toward your retirement.

What you can expect from us

  • Guidance when determining your risk tolerance as you near retirement.
  • Help determining what kind of investor you are.
  • Assistance with determining what level of risk your assets should be exposed to today.

With tax-deferred strategies, you can take advantage of the interest income that remains untaxed until you make a withdrawal. With this feature, you can earn interest on the original principal, earned interest, and on the money you would have paid in taxes.

Minimize Taxes Paid

Deferred income does not count as taxable income in the current year, nor does it count as income when calculating your “threshold limit” for Social Security income taxes. We can help you determine which tax strategy will work best for you and the best age to start taking Social Security benefits. This way, you can minimize your taxes on income.

Minimize Fees

The truth of the matter is, everyone pays some type of fees. Whether they are bundled with other services from the provider or fee based, no one is immune. We all pay for the management of our money. However, there are ways to lower the amount of fees you must pay, and we’re here to help you discover which option benefits you the most.

Stay Ahead of Inflation

Most of our strategies offer benefits that can grow your portfolio at a pace that will stay ahead of inflation and rising living costs.


Q: How much does your planning service cost?
A: Our retirement planning services are always complimentary.
Q: How much time does a retirement review take?
A: It depends on you! We schedule two hours for your review, but your appointment could vary depending on your needs and questions. If you would like more time, you may request further meetings to explore additional retirement options. We are happy to accommodate you.
Q: Is there a minimum amount I need to have in order to meet with an advisor?
A: No! Accomplishing a successful retirement is not about how much you have, but how much you spend. We begin with what your expenses are today and what you expect them to be in retirement. This is called consumption-based planning, and it’s part of our foundation for the retirement planning process.
Q: At what age should I start planning for retirement?
A: Ideally, the first day you start your first job. BUT, the real question you need to ask yourself is: “Based on my age, what are the steps I should be taking for my retirement?”

Relevant Information

Build A Better Retirement
Eric Johnson – Money

Maybe It’s Time to Let Your Wife Drive
Jack Albertson – Fox Business

Are You Prepared to Ride the Volatility Rollercoaster?
Eric Johnson – Money Want to Turn Retirement

Dreams into the Real Deal?
Norton Schlachter – Fortune

Retirement Planning is the New Normal
Jack Albertson – Fox Business

Guaranteed, Guaranteed, Guaranteed
Jack Albertson – Fox Business

Not Your Father’s Economy
Jack Albertson – Fortune

Combatting Low Interest Rates in Retirement
Jack Albertson – Fox Business


We are a provider of WealthGuard™, an incredibly simple, yet powerful early-warning system that monitors all of your investment accounts, daily, so you can invest with the confidence that there’s a plan in place to help protect your investments in all market conditions. Providing you with added peace of mind, WealthGuard™ securely tracks all of your accounts in one place, including asset allocation and overall performance, and immediately alerts you of any changes via email and/or text message. More importantly, WealthGuard™ will also alert your advisor so they may initiate a pre-determined, specific plan of action to help protect your accounts, while keeping you focused on your long-term investment goals.

And since WealthGuard™ monitors all your accounts automatically, it can watch over your 401(k), self-managed investment accounts, and accounts managed by financial advisors at nearly every firm in the United States.

Helpful Links
WealthGuard™ is a complete portfolio monitoring system. Designed by determining the amount of downside risk a client is willing to tolerate, WealthGuard™ is added to client accounts to help protect from downside risk. WealthGuard™ is not a stop-loss strategy. When the account value in the portfolio hits the targeted downside value, an alert is sent to the client, advisor, and money manager. The money manager trades the account as indicated on the WealthGuard™ agreement.
There is no guarantee the exact WealthGuard™ value will be captured or assets will be traded or liquidated the same day the WealthGuard™ value is reached due to time of day and/or market restrictions. WealthGuard™ is not responsible for any tax implications that may result due to the liquidation or trading of the holdings. FormulaFolio Investments is not responsible for any errors or omissions in the information used to prepare your WealthGuard™ percentages.
WealthGuard™ does not make any representations or warranties, whether expressed or implied, regarding investing in securities or investment products. WealthGuard™ makes no warranties to the legality or suitability of any investment product.

Estate Planning

An estate plan is simply a map that reflects that way you want your personal and financial affairs to be handled in case of your incapacity or death. While the concept of leaving your assets to your loved ones sounds straightforward, the process and execution of the transfer of property can be complex. Luckily, planning vehicles exist that allow for an uncomplicated transfer of your assets.

Our Commitment to You

  • Make sure you control your legacy.
  • Help you determine the manner in which you want your estate to be handled and by whom.
  • Review your current will/trust and living will/advance directives to ensure they are up-to-date.

Revocable Living Trusts Vs. Wills

In essence, a revocable living trust is your roadmap to the handling of your assets. After establishing yourself as the grantor of the trust or the creator of the trust, you name a trustee who is in charge of distributing your estate according to your wishes. You are usually the initial trustee of your trust, and your named successor trustee takes over when necessary. You will also name your beneficiaries and the assets they will receive.

Within the trust, you can ensure that your family, friends, and any charitable organization of your choice are the beneficiaries of your estate, in the amount and manner you choose!

Advance Directives & Living Wills

For the most part, advance directives have replaced the need for a living will. Advance directives describe your health care wishes in detail in the event you cannot speak for yourself. It includes a medical power of attorney, which allows you to name another person to make medical decisions if you cannot. It gives you the right to refuse or ask for “extraordinary medical measures” and other life-extending care.

Advance directives are legal throughout the United States. Even though you don’t need a lawyer to fill them out and sign them, it is important to review them with an attorney to ensure that they comply with state law.

Other Estate Considerations

Estate plans differ from person to person. That’s why at Albertson Financial, we approach your estate plan with your individual needs at the forefront. Many estate plans include provisions to care for disabled family members, minor dependents, or guardianship for relative, and we can help you set up those provisions along with whatever else your estate plan may need.

Protection from Conservatorship

In the event that you suffer from a debilitating illness, cannot speak for yourself, and have not made a Durable Power of Attorney for Health Care and/or a Durable Power of Attorney for Finances, the courts have the right to assign a conservator or guardian to handle your financial and health decisions. Which would you prefer: an unknown lawyer or a trusted friend or family member?

Guardianship of Minors and Disabled Dependents

Part of your estate plan can include the guardianship and funding of care and education for any disabled dependents and minors. This includes the funding for care, education, and any other expenses that you designate.

Protection from Estate and Other Taxes

Without planning, your family may have to liquidate assets in order to pay estate taxes. With a properly executed estate plan, you can help reduce and/or eliminate taxation on your estate.


Charitable Trust Planning

Do you have a charity that is near and dear to you? If so, you can specify what amount or percentage of your estate should be left to the organization.


Q: If I have a medical emergency and need transportation to a hospital, what are the responsibilities of the medical personnel?
A: Emergency medical personnel are required to do what is necessary to stabilize a person for transfer to a hospital. Once at the hospital, it is the physician’s responsibility to implement your advance directives. We highly recommend that you carry an advance directives card in your wallet alongside your driver’s license and insurance card.
Q: We live part time in two states. Will both states honor our advance directives?
A: Not necessarily. Each state may honor them if the state’s share similar directive laws. However, it is possible that one state will not honor your document. If you spend a significant amount of time in two states, the best solution is to have advance directives for both.
Q: Do advance directives ever expire? What if the person I have chosen is no longer able to be my medical advocate?
A: Advance directives do not expire unless you change it. It is recommended that you review your advance directives every couple of years to ensure that your wishes remain the same.
Q: What is the difference between a will and a revocable living trust?
A: Trusts have almost completely replaced wills as the preferred estate planning vehicle. Also, if you only have a will, your estate WILL go to probate.
Q: What is the difference between a power of attorney and a durable power of attorney?
A: A power of attorney allows you to name someone to handle your personal and/or financial affairs. A durable power of attorney allows you to name an individual to make decisions for you only IF and WHEN you are unable to make your own decisions.

Relevant Information


Long Term Care Planning

As we live longer, the likelihood that we’ll need long-term care increases significantly.  Even the most robust retirement assets can be quickly depleted, thanks to long-term care expenses. Many people purchase long-term care insurance to ensure that family members are not burdened with their care and also to ensure that they receive the  health care received that they want.

Our Commitment to You

  • Help protect your retirement assets against long-term health care costs.
  • Reduce the burden of family member caregivers.
  • Ensure that you receive the care of your choice, including in-home care.
  • Provide you with an experienced long-term care specialist.
  • Assist you in finding the coverage that’s right for your specific needs.

Long-Term Care (LTC): YOUR Options

You have four basic options for covering and funding long-term health care: rely on Medicare and Medicaid, rely on your family members, pay out-of-pocket, or purchase long-term care insurance. Your best move is to determine what you need from a long-term care plan before you actually need one.

Government Coverage

Medicare is not designed to cover long-term custodial care and, on average, covers of 23 days of skilled care. Medicaid requires that you spend down your assets before Medicare can pick up the coverage. You must prove that you are eligible with a five-year audit. Your stay must be medically necessary, you must have limited choices for your care, and home care IS not an option.

Family Coverage

The days of families being able to care for the older generation are slowly fading away. The current generation finds both mom and dad working full-time to make ends meet while caring for their children. It’s a huge dilemma for any sandwich generation to take care of children and parents in one household. As a result, you might be facing part-time and inexperienced care from family members, and you must decide if this option is best for you and your family.

Pay Out-Of-Pocket

This option may be advantageous for you if your personal assets can cover annual costs of long-term care. You will need to cover an assisted living cost of approximately $81,000 to $184,000 depending on the type of care you wish to receive. It is recommended that you have assets to cover 2–4 years for men and 3–6 years for women.

Long-Term Care Insurance

With long-term care insurance, you can create a firewall around your assets. LTC policies provide the protection you need when looking for ways to secure your nest egg during your later retirement years. You’ll have the funds necessary to help cover your medical expenses so you can continue to live an independent life without draining your savings.

Long-Term Care (LTC): YOUR Options

Waiting to address long-term care needs can significantly impact your financial situation, your quality of life, and your ability to maintain your independence.

Did You Know?

  • Over 70% of people over age 65 will need long-term care. (US HHS, National Clearinghouse for Long-Term Care Information,
  • Long-term care costs are expected to double every 15 years. (American Association for Long-Term Care Insurance)

It is very important to work with a long-term care specialist to help you find the coverage that’s right for your specific needs. At Albertson Financial, we only work with A+ nationally recognized LTC insurance carriers.

Risk Factors

The biggest unknown when planning for long-term care is the length of time you will need it. Will you need it for a few months, years, or the remainder of your lifetime (such as in the case of stroke, dementia, or other disabling conditions)? What about the financial and emotional impact it can have on family members? Long-term care insurance helps provide protection against these probabilities.


Ask yourself these questions to help you determine your risk:

  • What is your expected fixed income in retirement?
    • After the bills are paid, is there extra money to pay for long-term care?
    • How much in today’s dollars? Ten years from now? Twenty years?
  • How are your invested assets allocated?
    • Which will you liquidate first for long-term care?
  • How much life insurance do you have?
  • Is there a chance one of you could outlive your nest egg?

Long-Term Care: Common Mistakes

Helpful Links
Waiting until you need long-term care to apply for insurance

You want to apply while you are healthy enough to qualify for insurance and get the lowest possible rates. The best time to apply is when you are healthy in your 40s and 50s. THE NEXT BEST TIME IS TODAY!

  • The cost of long-term care insurance is based on your age and health.
  • The older you are when you apply the higher your overall cost.
  • Eligibility is based on your health.

Not insuring both partners

At some point, one spouse/partner will need long-term care. Statistically, women do live longer, yet the risk of insuring only one opens the surviving spouse up to considerable financial risk and can lead to enormous emotional stress.

Assuming you can cover the costs

By nature, people overestimate their ability to pay for care over an extended period. They convince themselves that they’ll never need long-term care or that they can handle it themselves. The reality is that most of us will not only need long-term care but will need specialized care. Planning for the future of your health care is as important as planning for your financial future.

Long-Term Care: Reducing Your Costs

Having long-term care insurance coverage is not an all-or-nothing decision. Most policies offer flexibility to meet your needs and budget. Once you’ve decided to apply for coverage, there are several strategies that can help reduce costs:

  • Apply as early as possible, before you have a major health event or actually need long-term care.
  • Select a shorter benefit period. (Unless you have a family history of chronic illness, the typical long-term care stay is about 3 years.)
  • Include a deductible.
  • Seek out preferred health discounts.
  • Ask for marital discounts and shared policy discounts.
  • Select a longer elimination period. Typically, policies have a waiting period of 30–90 days. Some policies allow you to select
    a longer period.
  • Reduce the daily benefit. If you can cover a portion of the daily cost, your premiums could be lowered.

Long-Term Care Insurance Deductibility of Premiums

The Internal Revenue Service (IRS) has increased the amount you can deduct from your taxes as a result of purchasing long-term care insurance. Talk to your retirement advisor or accountant to determine if and what portion of your LTC policy premium is deductible.

Age Approx. Deductible
40 or younger $370
40–50 $700
50–60 $1,400
60–70 $3,720
Over 70 $4,660


Q: Do I really need Long-Term Health Care Insurance?

A: While it’s not required, long-term health care insurance is definitely recommended. Seventy percent of all people over the age of 65 will need some long-term care. It could be as short as a few weeks of recovery in a rehab facility or a lifetime stay at a dependent nursing home.1 The cost of 24/7/365 care is skyrocketing: $81,000 per year for assisted living and upwards of $184,000 for 24-hour home care.

Ultimately, the decision is yours to make and should be based on your family health history, your health, and the health of your retirement assets.

Q: How do I determine the best companies to purchase long-term care insurance from?

A:When you talk to a long-term care advisor or if you research LTC insurance companies, make sure they pass these milestone markers:

The insurance company should have:

  • An “A” or better rating with strong financial reserves.
  • A history of paying claims in a timely manner.
  • More than 15 years’ experience of offering LTC insurance.
  • A history of rate stability.
  • At least one million customers.
  • Coverage in all states.
Q: How much does LTC Insurance cost?

A: Long-term care insurance costs depend on many variables, such as your age, your current health, what coverage you select, and what you wish to include in your policy. There is no average or typical policy amount, as each policy is based on the options you select. Here are two typical real-life examples:

Female purchased a policy at age 43:

  • Annual premium of $1,800.
  • Claim began three years later and continued for 12 years.
  • $1.2 million in benefits paid.
    Male purchased a five-year policy at age 54:
  • Annual premium of $2,500.
  • Claim began two years later and continued for almost seven years.
  • $690,000 in benefits paid.
Q: What types of LTC policies are available?


State Partnerships
These policies are sold by private insurance companies and have been approved by the state. The policies must meet certain standards, such as having inflation protection. They offer incentives for people to purchase LTC insurance that covers a portion of their care. Typically, you will be allowed to keep a dollar in assets that would have to be spent down to qualify for Medicaid. For example, if you had this type of policy and had $150,000 in benefits, you would be allowed to retain $152,000 in assets and still qualify for Medicaid. Keep in mind that the Medicaid asset protection currently works only in the same state as the policy is written.

In short, it means that the insurance company will reimburse costs for licensed care services.

The insurance company will pay a combination for reimbursed licensed care services or a cash payment. The cash payment is a reduced amount of the reimbursed amount.

Bundled Hybrid
Hybrid policies have enjoyed success since 2010 when legislation passed that allowed tax-free distributions from life insurance and annuities when used to pay long-term care costs. Many people like these policies because they work like annuities, where any remaining assets can be paid to your beneficiaries. Hybrids vary significantly but generally allow you to purchase a fixed-deferred annuity with a long-term care rider attached. It is important to understand what is and isn’t covered, as many do not cover in-home care options, nor do they include inflation protection.

1 U.S. Department of Heal and Human services, National Clearinghouse for Long-Term Care Information,, September 2008.
2 American Association for Long-Term Care Insurance

Relevant Information