OUR SERVICES
Everything we do is built around helping you find and maintain financial sustainability!
Am I going to outlive my money?
Guaranteed Lifetime Income Strategies
The foundation of a successful retirement is a predictable income. It’s why Social Security is one of the most enduring and popular federal programs. And it’s why many people used to enjoy a defined benefit pension from their employer. Who doesn’t want to know that a check is in the mailbox every month? Today, most Americans do not have an employer-sponsored pension plan, so our focus is on essentially helping you create your own pension, using products that provide a guaranteed lifetime income stream that you can never outlive. Indexed annuities offer contractually guaranteed income that, along with Social Security, can cover the essential living expense of your retirement. Wilson McWhorter Financial helps every client create a guaranteed retirement income plan.
Define your retirement goals.
Will McWhorter and Wayne Wilson of Wilson McWhorter Financial focus is on helping you define your retirement goals, identify and address any potential obstacles, and create a plan to help you enjoy a guaranteed retirement income. We use several different strategies to help you do that.
401K Rollovers/IRAs
If you’ve had a job, chances are you may well have a 401k or IRA through your employer. And if you’ve had more than one job, you very well may have a 401k or other qualified plan sitting at an old employer. One of the ways we can help is to help you identify when it may be time to rollover a 401k into an IRA or other vehicle that may be able to better serve your needs, provide more options, and streamline your retirement.
401(k) vs. IRA: Should you roll over?
Rolling your 401(k) into an IRA is often a sound move, but there are several factors.Reasons to stick with the 401(k):
- You plan to retire early…or late
- You want to invest in a Roth IRA but earn too much to contribute
- You’re worried about lawsuits
Reasons to roll over to an IRA:
- Your plan has high-cost investments
- You have multiple dormant 401(k) accounts from previous jobs
- You would like more flexibility in your investment choices than your 401(k) plan allows
- You want a broader range of choices to create a lifetime income
- You want flexibility for withdrawals
- You want potentially greater flexibility in transferring assets to heirs
Life Insurance Strategies
Will McWhorter and Wayne Wilson of Wilson McWhorter Financial focus is on helping you define your retirement goals, identify and address any potential obstacles, and create a plan to help you enjoy a guaranteed retirement income. We use several different strategies to help you do that.
While life insurance is often talked about, it is much less frequently understood, or properly utilized as part of a retirement income strategy. Permanent life insurance can be an extremely powerful tool to help provide tax-free income distributions for your retirement. If you’re concerned about tax rates, the possibility of tax increases, or just want to enjoy more of your own money, life insurance can be a great way to reduce taxes, create income, and still provide the number one benefit of life insurance, a death benefit for your loved ones or beneficiaries.
Safe Money Ideas for Retirement
Because the need for income in retirement is so important, the need to protect the money we have saved and earned over the course of a lifetime is vital. As we get closer to retirement, we have less time to make up for losses brought about by market corrections. By reducing market risk in a portion of your portfolio, you can protect your assets and feel confident that they will be able to provide the income you need to enjoy your retirement dreams. At Wilson McWhorter Financial, we build your retirement income strategy on a guaranteed floor of zero, meaning that any money you’ve placed into a fixed product will never lose value due to the market decline. Zero is your hero. And with the power of annual reset, the credited interest you may earn each year based on the performance of an index like the S&P 500 is locked in, meaning your money has the potential to grow in value over time as well.