Thoughtful estate planning for everything you own and everyone you love.

Jerry O'Brien – Orange County, CA

Retirement Planning Services

Retirement Planner in Brea, Orange County, CARetirement planning is much more than simply setting aside money and assets hoping they will be sufficient for the retirement you desire. Retirement Planning also protects these assets and can provide for safe and reasonable increase in value which can help to ensure your assets last at least as long as you do..
Retirement Planning should lead to:

  • Understanding the current laws related to estate planning, asset protection, and trusts.
  • Help you understand the complicated decision making  processes of retirement planning.
  • Understanding the methods and vehicles to protect these investments.

There are a large variety of financial vehicles, including:

  • 401KHow to Grow Your Money
  • IRA
  • Roth IRA
  • Real Estate
  • Life Insurance
  • Family Trust Funds
  • Employee Pensions & Retirement Funds

Retirement planning is one of the least understood and most neglected part of early estate planning. Historically, parents used their retirement accounts to fund their golden years.. Today more retirees do not need this asset for meeting their financial needs and therefore planning to pass the asset while avoiding negative tax consequences and preserving or stretching the tax deferred status, are the desired goals.
Using antiquated methods of dealing with retirement accounts may result in some unintended consequences:

  • The child, without the proper guidance of a trust, decided to “cash in” the retirement account and was subjected to massive and virtually immediate tax liabilities.
  • The child, without the proper guidance of a trust, lost out on decades of “tax deferred growth” opportunities afforded to him by the IRS.
  • The child, without the added asset protection of a trust, lost the retirement account balance to divorce, creditors, and predators.
  • The child just happened to be a minor or was incapacitated at the time of the parent’s death, resulting in the need to “probate” this otherwise non-probate asset.

These unintended consequences can be avoided by employing a number of legal and accepted tax planning strategies and tools. But the earlier you consider whether you will be positioned to pass this asset, the more likely you will be to pass it in the manner you desire.
Gerard W. O’Brien & Associates works with clients to make their retirement plans part of their comprehensive estate plan. We are not however, licensed to sell and do not sell any investment, or insurance products, but are willing to meet with you and your financial and insurance advisors to help structure a program that is right for you and your family.

Retirement Planner in Brea, Orange County, CA