Areas of Expertise  •  03

Retirement Planning

For farm and family-business owners, retirement is not a switch you flip. It is a transition that has to work for the land, the operation, and the income you and your spouse need for the rest of your life.

Overview

Step Back with Confidence.

Most farm and business owners carry the retirement puzzle on their shoulders alone. The equity is in the ground, the machinery, and the business. The cash flow is tied to crop prices, cattle markets, or the next big contract. Turning those assets into a stable, tax-efficient income stream requires a plan built for this kind of balance sheet.

True Legacy Inc specializes in retirement strategies for clients whose wealth sits inside an operation. We design qualified plans, non-qualified plans, and distribution strategies so the income shows up on schedule, the tax bill stays low, and the business transitions on your timeline.

"Retirement for a farm family is less about stopping and more about restructuring. The income has to match the life you still want to live."

We work with the SECURE Act rules, the latest IRA distribution regulations, and the unique cash-flow pattern of ag and family businesses to build a plan you and your spouse rely on.

How We Build It

Six Pieces of a Solid Retirement Plan

01

IRA & 401(k) Maximization

For operations with a W-2 structure, we design qualified plan contributions that shelter income now and compound for decades. Solo-K and SEP-IRA structures work well for owner-operators.

02

Life Insurance as Retirement Income

A properly designed permanent life insurance policy delivers a tax-free income stream in retirement along with a tax-free death benefit, reducing the tax drag on your other portfolio assets.

03

SECURE Act IRA Planning

The SECURE Act changed the rules on inherited IRAs. We structure your IRA distributions so the next generation keeps more of the balance and pays less to the IRS.

04

Cash-Balance & Defined Benefit Plans

For high-income owners close to retirement, cash-balance plans let you shelter six-figure contributions per year. An effective way to catch up after decades of reinvesting profits into the operation.

05

Distribution Strategy

Turning assets into income is the hardest part. We sequence withdrawals from taxable, tax-deferred, and tax-free buckets to keep your marginal tax rate down and your income predictable.

06

Long-Term Care Funding

A multi-year nursing-home stay will wipe out a retirement plan. We integrate long-term care coverage so the plan stays intact and your spouse stays financially secure.

Why It Matters

Your Retirement Deserves the Same Discipline as Your Business.

Farm and business owners spent a lifetime running an enterprise. Retirement is the next enterprise. Without a structured plan, taxes eat the income, market swings knock the portfolio, and the next generation inherits a mess.

With a plan, you know what you have, what it produces, and how long it lasts. You know how your IRAs pass to your heirs. You know the income shows up whether the market is up or down.

Our promise is simple. Every retirement plan we design is built around your cash-flow needs, your tax picture, and the business you are stepping back from. We coordinate the retirement plan with your estate plan and your business transition so all three work together.

Start the Conversation

Design the Next Chapter.

Schedule a complimentary retirement review. We will pull together your qualified plans, IRAs, business equity, and real estate into a single income strategy built for the life you want to lead.

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Disclosures

Financial Strategies Group, LLC is not a legal or tax advisor. This communication may contain federal tax information which is not a covered opinion as defined by Circular 230 and is limited to the federal tax issues addressed herein. Additional issues may exist that affect the federal tax treatment of the transaction. The communication was not intended or written to be used, and cannot be used, or relied on, by the taxpayer, to avoid federal tax penalties. Please consult with your legal, accounting, or other tax advisor prior to taking any action. Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 575, Littleton, CO 80120, 303-797-9080. FSG is not affiliated with The Leaders Group, Inc.  BrokerCheck  •  Conflicts & Disclosures  •  Client Relationship Summary