Retirement Planning in Shawnee, KS

Whitehead Financial helps Shawnee, KS residents plan for retirement income, including Social Security timing questions and fixed index annuities. Lucy Whitehead is an independent broker who has helped people since 1995 and serves clients in Shawnee at no charge, with no management fees.

With 15.2% of Shawnee residents age 65 or older (U.S. Census Bureau QuickFacts), retirement is a real, near-term topic for a lot of households here. Lucy starts by listening: when you'd like to stop working, what your monthly expenses look like, and what savings and pensions you already have. From there she lays out the income sources you're working with so you can see the whole picture on one page.

Social Security is usually part of that picture. The Social Security Administration says you can start retirement benefits as early as 62, and for people born in 1960 or later, full retirement age is 67; at 62, a $1,000 benefit would be reduced to $700 (Social Security Administration). Lucy can walk through how claiming age fits with your other income. Your official benefit estimate comes from SSA, and she'll point you there.

Some Shawnee clients want part of their savings to produce predictable income. Lucy can explain how fixed index annuities work, including surrender periods, income riders and what they don't do, so you can compare them with keeping money elsewhere. Because she's an independent broker, she can compare products from different companies. The Kansas Insurance Department licenses the agencies and individuals selling insurance in Kansas (Kansas Insurance Department), so it's a good place to check on anyone you work with.

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