Financial Services

To develop a financial plan for your future, it's important for your financial professional to understand a complete view of your financial picture, including how your retirement income and assets are integrated and work with one another. If necessary, we can also refer you to other tax professionals or attorneys to help advise you on specific aspects of your financial plan.

At Creative Retirement Planning, Inc., we either offer, or we can refer you to professionals providing all of these following services:



Retirement Planning


Retirement planning is not just for the wealthy.  It is our goal to help each of our clients to make their best decisions for their retirement and estate.

We believe it’s extremely important that your Financial Advisor has the breadth of knowledge, experience and wisdom to coordinate and integrate the various parts of your personal “Financial Puzzle”, to insure that nothing “falls through the cracks”  and further minimize any possible duplication, taxes and other costs.

>>Back to top

Social Security Benefit Planning

A recent survey of married couples, the ages of 60-66, taught us that ONLY 27 % were aware of the EXTRA OPTIONAL BENEFITS they were eligible for !

A related question is “When Should I Elect Social Security” ? The answer to this is often simplified by our personal finances and our need for income.

But if we are still working or if we can afford to postpone starting our Social Security benefits, the advantages to waiting can often be very significant, if we are fortunate enough to live a long life !

One of the extra services we offer our clients is a FREE SOFTWARE ANALYSIS to help them to better analyze their BEST CHOICES ! For example, we have up to 81 different age elections for a married couple, across nine different election strategies !

The difference can often make tens and even hundreds of thousands of dollars in additional retirement income for our clients !

You may order a FREE COPY of Dave's book about this.

>>Back to top
 

Income Planning

According to the experts, ONE OUT OF EVERY SIX  Baby Boomers will live to the age of 100 !  While this is certainly a “Positive” in many ways, it often creates extra challenges for us to prepare ahead and pay for this extra longevity!          

A large part of our business is helping our clients to design an income plan, incorporating insurance and investment vehicles to create opportunities for long-term growth, as well as guarantee income throughout your retirement.

You may order a FREE COPY of Dave's book about this.

>>Back to top

Long Term Care Planning

As the oldest Baby Boomers begin to wind through their 50's and 60's, one of the biggest concerns for all of us may not be just outliving our income, but also outliving our good health (which also lowers our income and savings !).

For seniors, home health care can cost $50,000 or more per year1, and nursing home care can run as high as $80,0002. Does your retirement plan account for this kind of possibility? For couples, would you be prepared to pay twice that number for both of you ?

Considering that you have to exhaust virtually all of your financial means before Medicaid will pay for long-term care and neither your group nor major medical insurance will cover long-term care, it's critically important to plan ahead and protect yourself from these costly expenses.

We can help evaluate your situation and determine if purchasing a long-term care insurance policy or other planning choices are the right move to help insure your future.

(1) Genworth Cost of Care Survey, 2010
(2) MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs, 2009

You may order a FREE COPY of Dave's book about this.

>>Back to top

Trusts/Estate Planning

There are many different types of trusts, and they can be complex to set up and execute. However, a trust can be a very flexible and advantageous means to transfer your assets in the future.  Unlike a will, a trust will avoid probate upon your death.  To learn more about trusts and how they may benefit you, Dave can answer many of your questions that will help you understand this better but you will also need to consult a qualified attorney who specializes in estate planning.

Estate planning is simply determining (while you’re still alive) where your assets should go after you die.  Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially.

While the concept is simple, the vehicles, planning and implementation process can be rather complex.  Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.

>>Back to top

IRA Legacy "Stretch Out" Planning

IRA accounts have become one of the largest types of assets inherited by beneficiaries.  If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit upon your death.

A properly structured IRA may provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial scenario to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs.

Dave Nute, CFP®, ChFC®, CLU®, and RICP® has taught popular classes on this subject since 1997. He has a superior knowledge of this and can assist our clients, to enhance and multiply the value of their IRAs and other retirement accounts, using available tax laws, investment, insurance and financial planning choices that are all-too-often misunderstood by retirees and their other financial advisors.

You may order a FREE COPY of Dave's book about this.

>>Back to top

Life Insurance

Dave Nute, CFP®, ChFC®, CLU®, and RICP® has earned the professional Chartered Life UnderwriterTM designation. The requirements include a professional education for life insurance and related financial and estate planning.

While not all retirees need extra life insurance, it can often be a valuable asset for many.
In recent years, we have life insurance policies that can also provide additional Long Term Care benefits for the owner during his/her lifetime.  This can be a very attractive alternative to traditional Long Term Care Insurance for many families.

Life insurance can often be important for a surviving spouse, especially if there are extra expenses or loss of income  (such as a pension benefit).

Life insurance can often be a smart alternative to help pay for estate taxes, provide business continuity or provide a tax-efficient alternative to the highly taxed IRAs and other retirement accounts.  Many of our clients will often use their “Required Minimum Distributions”  to pay for extra Life Insurance benefits.

While all of this is important, we need to balance the costs with the owner’s other needs and this is why additional financial and income planning are often an important part of the equation, to assist our client to make their best decision.

>>Back to top



IRA & 401(K) Rollovers

When you change jobs or retire, there are four things you can do with the money in your employer-sponsored retirement plan:
  • Leave the money where it is
  • Take the cash
  • Transfer the money to another employer plan
  • Roll the money over into an IRA
Rolling over from one qualified plan to another qualified plan or an IRA allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you, and we can help find the best vehicle to help conserve and grow your rollover assets.

You may order a FREE COPY of Dave's book about this.

>>Back to top


Reverse Mortgage Loans


We have assisted our clients with reverse mortgage loans since 2007. We sincerely believe reverse mortgage loans are a wise choice for the majority of retirees. (The “Average Retiree” has about 50 percent of their total net worth, invested in the “Dead Equity” of their home and it’s often helpful to reposition this so it can be available for other purposes !)

Creative Retirement Planning, Inc.
Washington Mortgage Broker NMLS # 1175810
Dave Nute, Washington State MLO # 91704

Dave has hosted dozens of seminars about reverse mortgage loans since 2007 and he has shared important information with retirees about their choices.

He has also written a book “The Truth About Reverse Mortgage Loans!” (We invite you to call our office or you may also order your FREE COPY on this web site.)

Further details about reverse mortgage loans are also available on our other website - www.NorthwestReverseMortgage.com.

>>Back to top


Wealth Management

Creative Retirement Planning, Inc. is a licensed Registered Investment Advisor (CRD 138274) and Dave is a licensed Investment Advisor Representative (CRD 2375384). 

Our “Firm Brochure”  is a comprehensive document that details our investment services, practices and relevant background. (CLICK HERE to view this brochure or contact our office for a free copy.)

You may order a FREE COPY of Dave's book about this.

>>Back to top


Neither the Company nor its agents or representatives may give tax, legal, or accounting advice. Individuals should consult with a professional specializing in these areas regarding the applicability of this information to his/her situation.
 

 

 

 

free copy
Books by Dave

Request Your Copy

Book # 1 - INCREASE Your Social Security Benefits And Retirement Income!

Book # 2 - CREATE MORE With Your IRA(s) and Other Retirement Accounts!

Book #3 - Long Term Care Solutions!

Book #4 - REDUCE Investment Costs, Taxes, Risks!

Book #5 - Retirement Income and the TRUTH About Reverse Mortgages!

Request