Why should I choose RK Retirement Solutions?

We are a full-service financial firm committed to helping people pursue their financial goals. We offer a wide range of financial products and services to individuals and business owners. As a financial advisor, we believe you will be better able to identify your goals and make sound decisions to help reach them by providing sound financial information. Our firm has a relationship with a variety of financial services companies, so if we don't have a product or service, we know a group that does. We have served as financial advisors for individuals and businesses in the area for several years.

Each of our agents has extensive personal and professional experience as a financial advisor. Many hold various professional designations, and qualified representatives are licensed to sell a variety of investment and insurance products. Our financial advisors are dedicated to developing lasting relationships with all our clients. A financial advisor should aid in the planning of a healthy financial portfolio. RK Retirement Solutions believes in helping you assess your financial goals and participate in the management of your finances.

One of the benefits of working with us is our ability to provide clear, easily understood explanations of financial products and services. The personalized program that we can provide is a roadmap to working toward a more secure financial future.

Please call us if you have any questions about our firm or the range of financial products and services we provide.

Can you tell me more about what you do?

As a full service financial advisor, our goal is to create a strategy that works with your unique financial profile. This can include many options, including retirement plans, tax and/or investment management, estate conservation, insurance and annuity products. 

While developing a customized financial program, we will walk you through a step-by-step process that will help you feel confident in your decisions.

Once your goals have been established, we will customize appropriate strategies to suit your vision and objectives. We can help you execute a sound financial program utilizing the products and services RK Retirement Solutions offers.

Please call us now to arrange a quote!

What is involved in financial planning?

Financial planning looks at a person's overall financial picture. We begin by asking a prospective client to fill out an extensive form in order to understand his or her financial wants, needs and goals. 

Our financial advisors will put together a detailed, short-term 5-year plan designed to improve the client's overall financial position. That may be followed by a long-term plan, along with suggestions about how to save and invest for goals like large purchases, retirement or child's college education at the same time. The planner will also look at ways to reduce current and future tax liabilities and protect assets by having the proper life, health, disability and long-term care insurance coverage in place. Finally, our advisors may offer suggestions on estate planning.

Why is it beneficial to start planning for your retirement?

The goal of retirement planning is to sustain the desired quality of life into the years after full-time employment. This of course heavily depends on the cost of living. 

If you earn money, you pay Social Security taxes, but the funds used to pay Social Security benefits are expected to become depleted in 2034, according to the Social Security Administration. Thus, it is unclear how well its benefits will cover the actual cost of living. 

Considering the unpredictability of life, it is never too soon to begin considering your retirement plans.

What are the options for retirement planning?

There are many options for retirement planning, such as an individual retirement account (IRA) or a 401(k), some companies contribute funds if an employee contributes to a retirement account. Investment plans can also create funds for retirement. RK Retirement Solutions is qualified and experienced in these and many more options to maximize your retirement benefits.

What is the difference between asset allocation and diversification?

Asset allocation refers to the diversity of your entire savings and investment portfolio across asset classes. Stocks, bonds, cash and real estate are asset classes. Diversification refers to the types of investments held within each class. For example, both 3M and Union Pacific are high-cap equities in the Industrials sector. Because they're in the same sector, these two stocks are likely to move up or down together. However, Tyson Foods is in the Consumer Staples sector. It is not likely to move in tandem with 3M or Union Pacific. Owning 3M and Tyson Foods provides diversification within the asset class of stocks. But that's not enough. A portfolio that invests in multiple types of assets, not just stocks, is also important. 

What is a time horizon?

Time horizon refers to the amount of time a person has to save for a particular event. For example, the time horizon for a college savings account might be 10 years for the parents of an eight-year old child, but 15 years for the parents of a three-year old. Likewise, the time horizon for a 30-year old saving for retirement might be 35 years, whereas it might be 15 years for a 60-year old who started saving late in life. This is simply another consideration that a prospective client should be aware of when planning. RK Retirement Solutions is committed to finding the best options no matter what.