A New Era of Retirement Calls For A New Approach to Planning
Worried About Running Out of Money in Retirement?
Turning your life’s savings into lasting income is one of the biggest challenges retirees face. Market swings, rising healthcare costs, and confusing Social Security choices can create real anxiety. ICON Financial builds retirement plans for Prior Lake, Minneapolis - St Paul metro and nationwide clients that address these exact risks—helping you convert your assets into guaranteed income, manage taxes, and protect your nest egg from the unexpected. You get personalized, fee-only guidance focused on clarity and peace of mind for every stage ahead.
Real Solutions for Your Biggest Retirement Questions
- Protecting Your Income in Down Markets
If you retire and the market drops, our use of structured notes and RILAs can buffer losses, so your income plan stays on track. - Turning Savings Into a Monthly Paycheck
We help convert your 401(k), IRA, or investment accounts into guaranteed income streams designed for life after work. - Planning for Taxes and Healthcare
ICON Financial creates withdrawal strategies to help minimize taxes and plans ahead for medical and long-term care costs, so you can keep more of what you’ve earned.
Common Mistakes Where Retirement Plans Often Fall Short
- Relying solely on the stock market for income, leaving savings exposed to downturns.
- Ignoring the impact of taxes or healthcare costs until it’s too late.
- Choosing Social Security timing without a plan, missing out on potential benefits.
- Using generic “rules of thumb” instead of a customized withdrawal strategy.
Navigating Retirement With Clarity
- Start by clarifying your real income needs and essential expenses.
- Identify your “income gap”—the amount Social Security or pensions won’t cover.
- Use tools like RILAs and structured notes to create a buffer against market losses.
- Work with a fee-only fiduciary who can adapt your plan as markets and needs change.
- Revisit your plan annually to keep up with tax laws, healthcare needs, and new opportunities.
Your Retirement Planning Questions, Answered
When should I take Social Security?
The best time depends on your age, income needs, and overall retirement strategy. We help you analyze the timing as part of your custom plan.
How do you protect against market downturns?
We use strategies like RILAs and structured notes to buffer your portfolio from major losses, providing more stability for your retirement income.
What if healthcare costs rise?
Your plan includes projections for healthcare and long-term care, so you can prepare for rising expenses and avoid surprises.
Can you help with taxes in retirement?
Yes, we design withdrawal strategies and review tax implications—helping you keep more of your money.
Do I need to live in Minneapolis to work with you?
No—while we’re based in Minnesota and proudly serve the Twin Cities, we work with retirees across the country through secure remote planning.
Let’s Turn Uncertainty Into Confidence
With ICON Financial, you get experienced guidance, innovative retirement income tools, and an advisor who adapts your plan as life changes. Start your Retirement Readiness Review today.
