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Retirement Resources2025-09-26T15:53:57+00:00

Rockford Retirement Planning

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Most Common Retirement Planning Problems (And Solutions on How To Solve Them)

What are the biggest challenges of retirement planning? Three challenges or problems that come up the most often are: How Do I Maximize My Social Security Income? How Can I Afford The Proper Health Care in Retirement? How Can I Deal With The Effects Of Market Volatility? If these problems are things you are currently worried about be sure to [...]

January 30th, 2022|Uncategorized|
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How Much Money Will Retiree’s In Rockford Need To Spend Per Month In Retirement?

Many people wonder, “How much money will I really spend in retirement?” Still, others want to know more specifically how much money do you need per month in retirement? Before we get into answering these questions you may also be wondering how to avoid going broke in retirement while securing your nest egg! If so, please check out my FREE [...]

January 30th, 2022|Uncategorized|
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Is Long Term Care Insurance Really Necessary For Retiree’s In Rockford?

Long Term Care Insurance can be expensive so many retirees choose to go without it. But is this a good idea? Here are some things to consider: What is a Long-Term Care Expense? How Much Does it cost to cover Long Term Care Expenses out of pocket? Does Medicare Cover Long-Term Care expenses? Does my health insurance cover Long-Term Care [...]

January 30th, 2022|Uncategorized|
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Helpful Glossary

The Four Financial Advisor Business Models And How They Charge You

The Stock Broker

The Stock Broker business model is one where the Advisor does not charge you ANY fees at all and simply gets paid a commission for selling you a particular investment.

Mutual Fund / A Shares

Product may charge a Front end load of 3.75% to 5.75% on Average* as an upfront off the top charge in addition to annual management fees of about 1.44% per year**

Variable Annuities

Typically don’t carry a front end charge but in addition to annual management fees usually around 1% they may also charge a Surrender Charge of 6% or higher decreasing over a period of years if you take all of your money out.

Mortality and Expense Fees

Most Variable annuities also charge a fee for Life Insurance that can tack on an additional 1% per year or more on top of the other mentioned fees.

The Insurance Agent

The Insurance agent business model works very similarly to the Stock Broker Model above. The Insurance agent Advisor does not charge you ANY fees at all and simply gets paid a commission for selling you a particular Insurance Product.

Fixed Annuities

Most have a back-end surrender charge that decreases over a period of years. You only pay this charge if you take all of your money out early or withdraw more than the allowed percentage in a given year. Typically you have access to 10% without a fee.

  • NOTE: Unlike Variable Annuities Fixed Annuities typically don’t have ANY front end or ongoing annual management fees or life insurance costs built in.
  • Life Insurance: Most life insurance plans charge Front end fees and back-end fees as well as ongoing costs to cover the charge for the death benefits.

The Fee-Only Advisor

A Fee-only Advisor business model is one where the Advisor charges a fee for advice or for managing money.

The Hybrid Advisor

A Hybrid Advisor is a business model that is a blend of two or more of the business models above.

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555 S Perryville Rd, Suite 209,
Rockford, IL 61108

(815) 633-9595

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Investment Advisory Services offered through Retirement Wealth Advisors, LLC. (RWA) a Registered Investment Advisor. Rockford Retirement Planning, Inc. (RRP,Inc.) and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision. This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that RRP,Inc. and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection benefits or lifetime income generally refer to fixed insurance products. They do not refer, in any way to securities or investment advisory products or services. Fixed Insurance and Annuity product guarantees are subject to the claims
‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors, LLC.

Social Security/Government Program Disclosure: Antonio Filippone of Rockford Retirement Planning, Inc and Retirement Wealth Advisors, LLC are not affiliated with or endorsed by the Social Security Administration or any other government agency MDRT Disclosure: The Million Dollar Round Table is a trade association to help insurance brokers and financial advisors establish best business practices and develop ethical and effective ways to increase client interest in financial products, specifically risk-based products like life insurance, disability, and long-term care. Annual qualification requirements include demonstrating a set annual production requirement and agreeing to a code of ethics but are not based on client experience or performance. For more information regarding the Million Dollar Round Table eligibility, please see https://www.mdrt.org/membership/requirements/. Membership in no way constitutes an endorsement from Million Dollar Round table or any client.

Top of the Table: To qualify for top of the table a member must demonstrate an annual commission of six times the base requirement.

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Your Plan Implementation

To implement your financial plan, we take a hands-on approach to ensure everything is aligned with your goals. This includes rearranging your assets to match your objectives and timeline, and aligning your income plan with expected investment returns for long-term sustainability. We continually optimize and reassess the plan to adapt to any changes in your life or the market. Through ongoing monitoring and regular reviews, we help keep your financial strategy on track and responsive to your evolving needs.

Your Financial Plan

Your Financial Plan is a personalized roadmap designed to help you make informed decisions about your future. It includes income scenarios to explore how different sources of income will support your goals over time. We evaluate investment options tailored to your needs and risk tolerance. An asset timeline outlines when and how to use your resources efficiently, and a tax map helps you plan ahead to reduce tax burdens and keep more of your money working for you.

Your Financial X-Ray

The Financial X-Ray is a detailed assessment designed to give you a clear snapshot of your financial health. It includes a review of your income needs, ensuring you have enough to support your lifestyle now and in retirement. We conduct an investment risk analysis to see if your portfolio aligns with your goals and comfort level. We also look at tax impacts that may affect your income, helping you keep more of what you earn. Finally, we identify potential risks, obstacles, and concerns that could stand in the way of your financial success, so you can plan with confidence.

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