Service – Oriented Financial Planning

Financial planning is an ongoing process that requires monitoring and constant updating. You may not think you require a comprehensive financial plan, but Ilgenfritz Financial Group can show you the advantages of implementing a financial strategy for your future.

Income Streams to Last a Lifetime

After you retire, you should consider if other income streams, aside from your pension or social security, are necessary. Allow Ilgenfritz Financial to help identify your financial needs.

Optimizing Your Investment

By using index annuities, you will be offered a tax deferral and guaranteed interest. Your money will earn interest based on the average gain in the index. By using this strategy, your principal and interest are guaranteed.

Medicare Options

If you’re over 65, we’ll help you shop for different Medicare and Medicare Supplement options to ensure you have proper access to the prescriptions and doctors offices you need to stay healthy.

Social Security Taxes

If you receive social security, you may end up paying tax on 85% of your benefits. Don’t put yourself in this situation. Our tax firm can advise you on strategies to stay below the taxable thresholds and manage your other retirement income sources.

Strategies to Reduce Your Taxes

We can help you reduce your total taxes in the future if you have the following assets:

• Interest earned on CD’s
• Interest and dividends on other investments (mutual fund, etc.)
• Capital gains (you can still have a capital gain even if you’ve lost money)

Helpful Tax & Financial Planning Calculators

Ilgenfritz Financial Group has established a reputation for providing simple, easy to understand financial resources. Use the links below for access to these helpful calculators that provide the financial planning answers you have been looking for.

• Qualified Plans Calculator
  Have you ever wondered how much savings you might have for retirement if you contribute regularly to a qualified plan? We can help take the guessing out of it. Use this qualified plans calculator to get an estimate of your retirement savings now.
  These financial calculators are designed as educational tools to help you estimate answers to common financial questions. They are not intended to predict future returns or results, nor do they represent the performance of any specific investment or product.
• Yearly Required Minimum Distribution Calculator
  One you reach age 72, you must begin taking annual required minimum distributions from your IRA and other retirement plans. Your RMD amount is calculated by dividing your tax-deferred retirement account balance as of December 31 of last year by your life expectancy. If you do not take your RMD, you may incur a 50% penalty on the amount you were supposed to take. Use this calculator to get an estimate of your RMD.