The best way to start retirement planning in your 50s is to assess your current savings, define your income needs in retirement, and identify any shortfalls. Working with a retirement planning specialist like Legasure can help you create a personalized strategy using tools such as annuities, life insurance, and tax-efficient accounts.

It depends on your lifestyle, expenses, and healthcare needs. A good rule of thumb is to aim for 70-80% of your pre-retirement income per year. Legasure can help you model your future needs using advanced financial software and data-driven assumptions.

Common mistakes include underestimating healthcare costs, failing to account for inflation, relying too heavily on Social Security, and not having a reliable income stream. Our team helps identify and correct these issues before they become problems.

Yes, with proper planning. Using income-focused products like fixed indexed annuities and IULs, Legasure can design a strategy that allows for early retirement with a reliable income stream.

We combine institutional-grade financial modeling with personalized strategies focused on asset protection, legacy planning, and tax-efficiency. We serve retirees and pre-retirees who want peace of mind and a lasting legacy.

Annuities are one of the most powerful tools for creating guaranteed income. Legasure customizes annuity solutions to provide income you can’t outlive, tailored to your risk tolerance and financial goals.

Investment planning is focused on growing your wealth. Income planning ensures that you can withdraw sustainable income throughout retirement. At Legasure, we focus on aligning both strategies.

By creating a diversified retirement income strategy with guaranteed sources such as annuities and conservative investments. We help model worst-case scenarios to make sure you’re protected.

Social Security should be considered a foundational layer of retirement income. Our advisors help you maximize benefits while coordinating them with other income sources like annuities and pensions.

That depends on your asset allocation, withdrawal rate, and market performance. Legasure provides cash flow projections based on conservative and realistic assumptions.

An annuity is a contract with an insurance company that provides guaranteed income in retirement. Options like fixed indexed annuities offer growth potential with downside protection.

Yes, when structured correctly. Legasure helps you choose highly rated carriers and designs annuities that align with your income goals and risk profile.

Earnings from annuities are taxed as ordinary income when withdrawn. Legasure can help you structure them efficiently to minimize your tax burden.

FIAs offer principal protection, potential for growth tied to a market index, and guaranteed income options. However, they may have caps, participation rates, and surrender periods that need to be understood.

Yes, certain annuities come with riders or features that provide additional payouts for long-term care expenses. Legasure specializes in identifying these solutions for retirees.

Permanent policies like Indexed Universal Life (IUL) allow tax-free withdrawals or loans against the cash value for supplemental retirement income, emergencies, or large purchases.

Term insurance provides coverage for a fixed period, while permanent insurance provides lifelong protection and may accumulate cash value. We help you choose what fits your long-term goals.

Yes. Life insurance can provide liquidity for estate taxes, equalize inheritances, or fund trusts. It’s an essential tool for high-net-worth families.

Absolutely. Life insurance offers a tax-efficient way to pass wealth to future generations. Legasure can design multi-generational strategies.

An Indexed Universal Life policy offers a flexible death benefit, tax-deferred growth, and the potential for market-linked gains without downside risk. We use IULs for retirement income, legacy planning, and tax efficiency.

Roth conversions, tax-loss harvesting, and using tax-advantaged accounts like IULs and annuities can help minimize lifetime tax liability.

Yes, though you’ll pay taxes on the converted amount. Timing and income levels matter. We help you evaluate the best strategy.

By controlling other income sources in retirement, such as tax-free distributions from IULs or Roth IRAs. Legasure creates plans that reduce the taxation of benefits.

Yes, annuities grow tax-deferred and may reduce your current taxable income. However, distributions are taxed as ordinary income.

Qualified charitable distributions (QCDs), donor-advised funds, and charitable trusts can provide deductions and fulfill philanthropic goals. We integrate these into legacy plans.

Trusts, strategic gifting, and life insurance are top tools. We help ensure your wishes are executed efficiently and tax-effectively.

A trust avoids probate, offers privacy, and allows more control. Wills are simpler but may not offer the same protections. Legasure helps you evaluate both.

By using trusts, naming beneficiaries correctly, and titling assets appropriately. We guide clients through this process.

It’s a way of using cash value life insurance to fund future generations, much like the Rockefellers did. We design structures that allow heirs to borrow and repay to grow legacy wealth.

Any time there is a major life change—marriage, divorce, birth, death, or law change. Legasure recommends reviewing plans every 2-3 years at minimum.