Retirement Planning and Income Strategies - Financial Services from Lundervold Financial

Lundervold Financial can help you design a retirement income plan — part of our Blueprint for Financial Clarity™ — that incorporates insurance and investment tools that are designed for long-term growth and guaranteed income throughout your retirement.

Lundervold Financial LLC is based in the Twin Cities of Minnesota, but we work with clients from all over, stretching from Minnesota to Oregon, New York to Florida. Our team has you covered!

Ready to talk to someone at Lundervold Financial about your retirement goals?

Setting Retirement Goals

Will you have enough money in retirement to cover your expenses plus enjoy your life?

Life expectancy in the United States is at an all-time high (CDC.gov), and because we live longer, there is a greater possibility that we might outlive our retirement savings. In fact, the majority (52%) of Americans’ number one fear in retirement is running out of money in retirement, according to TransAmerica Center for Retirement Studies' annual survey.

Figuring out the best way to make your savings stretch over the next 25 to 30 years is not only confusing, but it can be overwhelming, too. That’s why we offer a holistic approach to retirement planning and income strategies. And strategy starts by setting your retirement goals; answering questions such as:

  • What expenses will go away when I retire (such as expenses associated with your daily commute)?
  • What new expenses will I incur when I retire?
  • What expenses will stay the same?
  • Do I plan to travel in retirement? How often? Where?
  • What else do I plan to do in retirement? Move? Buy or sell a home?
  • What major purchases will I make in retirement (such as an RV, boat, new car)?

Retirement Investment Options

Insurance products like annuities can provide a steady and reliable stream of income for the rest of your life, while investment options can help create opportunities for long-term growth. Components of an investment strategy might include:

  • 401(k)s
  • Defined-benefit plans
  • Employee stock ownership plans
  • IRAs (Roth, traditional, simple, self-directed)
  • Profit-sharing plans
  • SEP plans (simplified employee pension)

Lundervold Financial can help you incorporate both insurance products and investment options into your financial strategy, to put you on a path to the retirement lifestyle you want. In addition to understanding your retirement goals, we take the time to get to know you so we can match you with a strategy that fits your level of comfort with risk.

We also make sure our clients understand their retirement investment options. So many times, financial advisors use a lot of terms that they are well familiar with, yet they forget to explain jargon when they’re speaking with clients. The financial advisors at Lundervold Financial will take time to get to know you. We want to know what you know, so we can fill in the gaps when it comes to understanding your options in retirement.

Retirement Planning

Once we understand your retirement goals and you select options for retirement planning and investing, we put your plan into action with our Blueprint for Financial Clarity. Your blueprint will help ensure that your expenses can be paid month to month, reliably and predictably, for the rest of your life. The plan includes:

  • Social Security maximization
  • Income and expense analysis
  • Inflation planning
  • Spousal planning

A retirement plan or strategy is not something we “set and forget.” Our team helps to manage your portfolio, and we check in with you regularly to review it with you. You’ll discuss whether anything has changed in your life, including your goals, expenses and income.

Prefer to talk to someone at Lundervold Financial about your retirement plan?

Learn More About Lundervold Financial’s Blueprint for Financial Clarity™

  • When do you want to retire? What do you want your retirement to look like? What sources of income will you have? What expenses will you have? Will you have debt?
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  • Where is your money invested now? What is your tolerance for risk? How hands-on do you want to be with investment management? How liquid will your investments be?
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  • Are there tax breaks and deductions that you can take advantage of as you age and approach retirement? Once you retire, are there tax benefits you need to know about?
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  • What insurance policies do you have in place for long-term medical care, and are there others that you might consider? Do you have an advance care plan?
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  • Do you have an estate plan*? Do you need us to introduce you to an estate planner and work with them to help you maximize your income during retirement and for your beneficiaries?
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*Lundervold Financial does not provide tax or estate planning, but we are part of our clients’ estate planning team. If you are looking for an estate planner, we can refer you to professionals who provide the following services: trusts, probate, charitable giving, estate planning, and tax planning.

Contact Lundervold Financial

Schedule a time to meet or talk with an advisor at Lundervold Financial about your retirement goals and how we can help you build a plan to reach those goals. Review our calendar of events for upcoming financial and retirement planning seminars.

Or give us a call at 651.209.1906