Retirement Planning & Wealth Management Services
in Michigan, Ohio, and Massachusetts
Change in life is inevitable – your needs, priorities, and goals change throughout your life and your financial plan needs to be agile to adapt right alongside you. At Inspire Wealth, we use a dynamic approach to help manage the concerns of our clients. We go beyond wealth management. We help individuals and families plan, preserve, manage, and grow their wealth with our wealth management services.
Prepare Your Plan with a Team that Cares
You’ve dreamed about it and imagined the days when your time can truly be your own. But, as retirement looms faster – are you ready for it?
Our team of experts provides clients with our custom-tailored Inspire Wealth management process. Stop imagining your dream retirement and start preparing for it with a team that truly cares about you and your dreams. Get to know us by attending one of our upcoming retirement events.
Frequently asked questions
Will I have enough money or income as long as I need?
Running out of money is one of the top concerns of people as they go into retirement. We continue to live longer and because of that a retirement can last 30 years plus. Everything starts with careful planning and having a Financial team you can count on helping you create a plan and make sure several things are taken into account. Making sure you have enough income to cover all your fixed expenses and that it keeps up with projected inflation is critical, other factors are where you want to retire and also what your lifestyle looks like.
Are you a Fiduciary?
Yes, understanding what this means is very important. Our team is always acting in your best interest, if we believe something is best for you will bring it to your attention. If we don’t offer that type of service or strategy we will work tirelessly to find someone in our network that can help us implement that service.
When should I take Social Security?
Deciding when to take Social Security is a very important decision and shouldn’t be taken lightly. You can start as early as 62, however the longer you wait the more benefit you will get. Some of the factors that should go into the decision is how much other income you have, how much you need to cover expenses, your lifestyle, and your health. Everyone’s decision should be customized based on these several factors, making sure you work with a Financial Professional to create a Retirement Income Plan should be part of your plan.
How can I plan or how much should I plan for Health Care Costs in Retirement?
Healthcare expenses are 1 of the biggest expenses that everyone will face in retirement. A recent study of Fidelity shows a 65 year old couple should expect to spend an average of 315,000 on healthcare. Taking this into account when creating a Retirement Income Plan is extremely important, and studies have also shown why planning for women is even more important because of life expectancies.
How can I be sure I am not paying more in Taxes than I have to in Retirement?
Several factors go into planning for taxes or ways to reduce taxes. Working with a financial team is important as they can help make sure your income and investment accounts are positioned in the most Tax Efficient manner possible. Planning is important with this as well as working with a Tax Professional or CPA that is communicating with your Financial Planner to ensure that every advantage for taxes is taken for you.
How is your process or working with you unique from other Financial Firms?
When you work with our team you get a lifelong partner working with you to plan your retirement. Working with you to create strategies that are best for you and your family and as things change they will work with you to make sure your plan evolves with them. We also work with your other professionals as part of your plan if you have any, like your CPA, Estate Attorney, or Insurance Professional. If you don’t have any and to optimize your plan it makes sense to engage another professional we will make suggestions within our professional network.