The Long-Awaited Retirement

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Living on Retirement Income

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Social Security Maximization

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Wills and Trusts in Your Planning

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Financial Existence after Loss or Divorce

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The Long-Awaited Retirement

The Long-Awaited Retirement

Now that you have reached your retirement. Let HAS Wealth Management and Insurance Solutions help you develop your personalized strategic plan and keep your investments constantly working to save money when needed.

Social Security Facts:

A man reaching age 65 today can be expected to live an average of 83 years old.

A woman that reaches age 65 can be expected to live an average of 85 years old.

And there is a 25% chance that your spouse can live to age 97.

Acknowledging that you will be living on your retirement income can sometimes be a concern. You should be celebrating and having a sense of satisfaction that you have reached your long-awaited goal of retirement. There are no do-overs in retirement, so let us help you get it right from the beginning. We can customize a personalized plan for you at HAS Wealth Management and Insurance Solutions. Call us at 860-852-3610 and make an appointment today at either of our offices in:

  • Meriden, CT
  • Bristol, CT

We will work with you to define your retirement plans and help you protect your savings by creating an inventory of your investments.

The time to live on your retirement savings has arrived. Take precautions and avoid taking extreme risk with your savings. Only invest in opportunities with less financial exposure. Keep a balance in your life. Keep in mind your financial goals, separate your investment from your savings and take care of your wants and needs. At HAS Wealth Management and Insurance Solutions, we will sketch out a personalized strategy that integrates your income sources, healthcare needs, housing, and travel plans. Remember to be aware that the market fluctuates and take advantage of our Retirement Advisors to stabilize your retirement life.

Retirement Living Transformation

At HAS Wealth Management and Insurance Solutions, we specialize in Retirement Planning. Remember there are no do-overs in retirement. We can help you relieve the constant fear that you will run out of money. Retirement is a time to enjoy, not to worry. An all-inclusive retirement plan will guide you on how much money you can withdraw without taking too much money at a time. Early planning and keeping an eye out for your investments can be a safety net to avoid financial grief when there is a sudden stock decline. We will also include a defensive strategy for your investments in this fluctuating market.

Now that you no longer rely on a steady paycheck. We can help you confront life’s unpredictable variables as you begin your journey in your new retirement life. At HAS Wealth Management and Insurance Solutions, we understand retirement. We strive to give you peacefulness while you navigate into unknown waters. Call us today to get the financial guidance you need. You’ll be able to relax once you have secured your life savings. Accomplish your financial goals, so that your center of attention is the retirement lifestyle you desire, not the constant worrying that you’ll run out of money.

Living on Retirement Income

Living on Retirement Income

Let’s find out how much money you have today. And analyze how much money will need for your tomorrow. Let’s start talking about vacation. How much traveling will you be taking each year? How much money are you needing for each vacation? Is it $1,000 or $5,000? Would you be starting a new hobby, and how much money will you need? It would be best if you had peacefulness in your retirement. Stay focused on planning. That’s why HAS Wealth Management and Insurance Solutions is here for you. We are here to help you handle the planning.

At HAS Wealth Management and Insurance Solutions, we will analyze your investments and create a portfolio to have the highest probability of achieving the hurdle rate while minimizing risk. This way, we will verify the rate of return you need to earn with your investments to keep your finances stable enough to secure your retirement life

You need to update your Retirement Portfolio

Your age is constantly changing, and your wants and needs can change. We want your dreams to keep in place and ensure you have enough money. We will meet with you a few times a year to keep your portfolio and cash flow updated.

Shield your Retirement!

There are fewer options to adjust your income after you have retired. You won’t be able to work longer hours or do overtime. The rate of return on the stock market can fluctuate. Help your money last in retirement by overseeing your income taxes. It can have a restraint on your retirement lifestyle. The Social Security benefits and pension benefits are not subject to change. But you can steer and protect your investments. Plan the timing of withdrawing from your retirement savings accounts.

Let go of the Burden

Taxes can exhaust a chunk of your life savings. At HAS Wealth Management and Insurance Solutions, we can help create a plan that takes actions to control your income and your income taxes when you retire. Protect your retirement by taking the following steps:

  • Check when would be the right time to withdraw money and where to withdraw from, whether it’s your tax-free, tax-deferred, or taxable assets.
  • There are a few investments constructed to reduce your tax burden
  • Time and group your deductions
  • Grouping medical cost in a particular year can help you reach a threshold that can give you deductions you wouldn’t have received otherwise
  • If your income changes at a given point, you can time your deductions accordingly.
  • Remember to account for your Required Minimum Distributions.

An Impact on Retirement

Minimum Required Distributions can often significantly inflate your income taxes when you retire. The IRS asks you to begin taking the Minimum Required Distributions from your retirement when you are 73 years of age. The percentage grows as you get older year after year.

To address this issue, include these withdrawals in your retirement plan, and check to see if they push you into a higher tax bracket. If they do, consider reducing the balances in your IRAs and 401(k)s while you’re in a lower bracket by making prudent withdrawals.

The Help you need.

At HAS Wealth Management and Insurance Solutions, we will:

  • Arrange a timetable for your distributions
  • Help you choose your investments
  • Arrange your deductions
  • Prepare you for your Minimum Required Distributions

These steps will help you plan a successful retirement tax plan. Tax exposure can change in retirement because of inflation, also known as economic influence. An all-inclusive retirement plan can protect your life savings and investments, create a shield against inflation, secure your lifestyle, and lower your income tax in your retirement. In the end, all your plans come together and give you a sense of peacefulness.

Social Security Claiming Strategies

Social Security Claiming Strategies

Getting the best of Social Security

Considering the Social Security retirement benefit in your retirement plan would be best. It's a valuable source of income that provides an annual increase.

Consider the following options.

  • Your health, life span, income sources, and if you plan to have a part-time job after you retire.
  • If you are married, you will also need to consider your spouse's health, life span, and if they will continue working or reduce their hours.
  • Check other income options, like Pension, 401K, IRAs, Investments, or part-time income. You will also need to consider your taxes.

Coordinating spousal benefits can maximize your social security retirement benefits now and for when one of you has departed. We also recommend considering how required minimum distributions, work income, and other factors could affect your income and your taxes.

Taking the Step

It’s essential to create a plan specifically for social security. The timing when you receive Social Security can make a difference in your pocket, sometimes by hundreds of thousands of dollars over your lifetime. Because knowing when the optimal time for you to apply is vital because there are rules about changing your mind after submitting your claim.

Getting started with Social Security

  1. Use the Social Security Administration’s Retirement Age calculator to determine your full retirement age.
  2. Log into and create a My Social Security account. There you will be able to see your estimated future benefit.
  3. Determine if special rules like the Windfall Elimination Provision (WEP) and Government Pension Offset (GOP) apply to you.

We will Assist You with Your Social Security Plan

Determining when and how to apply for Social Security can sometimes take time and effort. At HAS Wealth Management and Insurance Solutions, we are here for you. Let us help you maximize your benefits and coordinate your personalized plan. Find out with a quick calculation when your best time to start Social Security is here at

At HAS Wealth Management and Insurance Solutions, we will help you understand and determine if you are financially ready to retire. We will help you take the next step.

Wills and Trusts in Your Planning

Wills and Trusts in Your Planning

Most people believe Wills and Trusts only leave money to your beneficiaries. However, when put in place, they can ensure your wishes are followed. It can also save your family from a lot of administration. Above all, it can help you take care of your family after you’re gone.

They also play a vital role in your retirement and estate planning. They have different benefits and how you apply them may vary depending on your position. Now is the time to study all your options with regards to wills and trusts and how they could affect your family’s finances as well as your retirement savings.

How are Wills and Trusts different?

Both wills and trusts allow you to name beneficiaries for your assets, but there are a few key differences to be aware of.


A Will, also known as a Last Will and Testament, is a legally prepared and bound document that states your intentions for the distribution of your assets and wealth after your death. It is private until after death, it then becomes a public document.

A will can be used to:

  • Appoint and outline powers of an Executor and/or Trustee.
  • Appoint a guardian for minor children.
  • Specify funeral wishes.
  • Determine who will manage your estate.
  • Decide who gets your assets and property — and who does not.
  • Provide a home for your pets.

A will does not cover property held in joint contract or in a trust.

A will has to pass through probate and takes effect at the time of your death.


In general, a trust is a legal relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another.

A Trust can:

  • Save on taxes.
  • Protect you from court proceedings.
  • Protect beneficiaries – A trust can provide beneficiaries protection from lawsuits, creditors, or divorce.

A trust doesn’t include everything you own, only covers property that has been put in the name of the trust.

A trust takes effect at the time of creation and does not need to pass through probate.

Which Is Necessary a Will, a Trust, or Both?

Most people need a will, including those who have trusts. But there are different types of wills and trusts. You may be asking what is the best choice for you and your family? We have the answers!

We can assist you with decisions regarding wills and trusts. Because HAS Wealth Management and Insurance Solutions specializes in retirement, we can guide you through the steps of retirement and estate planning, including:

  • Adding or changing beneficiaries on your retirement plans, life insurance, and financial accounts
  • Making sure your accounts are accessible to your successors.
  • Preparing for changes due to aging
  • Creating spending plans for your family
Financial Existence after Loss or Divorce

Financial Existence after Loss or Divorce

At HAS Wealth Management and Insurance Solutions, we understand that while going through the loss of a family member or a divorce, handling financial responsibilities like changes to your benefits or will are probably the last things you want to sort out.

However, some decisions do need to be made without delay to care for you and your retirement plans. These changes in your life could affect your:

  • Social Security benefits
  • Taxes
  • Income and expenses
  • Retirement plans and beneficiaries
  • Estate plans, Wills, and Trusts

Essentially, you’ll have to reconsider many of the same questions and decisions you made when initially created your retirement plans.

Have you thought about your Social Security Survivor Benefits?

Social Security survivor benefits begin from the time you apply so it is recommended to do so in the month of the death, or within six months. However, depending on certain factors such as your job, age, etc. you may not need to file at all.

It is more than common that widows and widowers receive the benefit, however, there are instances where other family members can collect. This could include minor or disabled children, parents 62 or older who are dependents, and in some situations the surviving divorced spouse.

At HAS Wealth Management and Insurance Solutions we can walk you through your Social Security and financial decisions so that you and your family can focus on healing after the loss of a loved one.

Divorce Affects Retirement and Your Savings.

Research shows the divorce rate among U.S. adults ages 50 and older has roughly doubled since the 1990s — and the divorce rate for those over 65 has nearly tripled.

When divorce happens later in life, especially after many years of marriage, it affects people differently in many ways. There are usually more assets and debt to be considered and reconciled, and now less income. There are also fewer years of employment in which to save for retirement.

These are difficult times in life and HAS Wealth Management and Insurance Solutions is here to help you navigate through the financial impacts of these events.