About Us |
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Michael Niedbala
Retirement & Income Planner My name is Michael Niedbala. I am married to my wonderful wife, Anna, and have three great and successful children, Brandon, Kaley and Sara. I have lived and worked in the Tampa Bay Area since 1993. I have had extensive experience in the financial industry for all of my 35 year career. From Public Accounting, to being a Chief Financial Officer, and now, for the last 22 years a Certified Retirement Planner, Certified Annuity Specialist, Certified Senior Advisor and Independent Financial Advisor.
I really enjoy being an independent Advisor because it provides me with the opportunity to always do what’s in the best interest of you, the client, through offering conflict-free advice. I pride myself on my ability to listen to clients’ needs and goals and develop a plan that gets them where they want to go. I feel a sense of accomplishment when I know that my clients sleep well at night because we’ve set them on the right course. My company is Insurety Retirement & Financial Planning. Our main philosophy is SAFE MONEY & INCOME. It is one of conservatism, innovation, and safety for our clients. We, as a company, never, do something just to make money. We educate and help folks like yourself, to make informed decisions about your financial health and only offer advice or implement programs that benefit you and improve your position. We always try to do the right thing, so that means that if you come to us and say we really want to do so and so, and after looking at the overall plan and seeing that it really doesn't fit, we’ll tell you we really don't think it fits. This philosophy has served me well the past 22+ years I've been in this business. |
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Our company is Insurety Retirement & Financial Planning. Our main philosophy is one of conservatism, innovation, and safety for our clients.
We, as a company, never, do something just to make money. We educate and help folks like yourself, to make informed decisions about your financial health and only offer advice or implement programs that benefit you and improve your position.
We always try to do the right thing, so that means that if you come to us and say we really want to do so and so, and after looking at the overall plan and seeing that it really doesn't fit, we’ll tell you we really don't think it fits. This philosophy has served me well the past 20+ years I've been in this business.
As a side note I'm sure many of you have good financial advisors that you work with. I want you to understand that we're not in the business to take you away from them or replace them in any way. It's not our goal!
We simply look for ways to improve your situation as needed with programs that help you and improve your overall situation.
Yes we do financial planning and yes if you're unhappy with your Advisor we can help, but that's your decision, not our goal.
We, as a company, never, do something just to make money. We educate and help folks like yourself, to make informed decisions about your financial health and only offer advice or implement programs that benefit you and improve your position.
We always try to do the right thing, so that means that if you come to us and say we really want to do so and so, and after looking at the overall plan and seeing that it really doesn't fit, we’ll tell you we really don't think it fits. This philosophy has served me well the past 20+ years I've been in this business.
As a side note I'm sure many of you have good financial advisors that you work with. I want you to understand that we're not in the business to take you away from them or replace them in any way. It's not our goal!
We simply look for ways to improve your situation as needed with programs that help you and improve your overall situation.
Yes we do financial planning and yes if you're unhappy with your Advisor we can help, but that's your decision, not our goal.
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Our Services
What We Do For Clients |
IRA's
roth ira's
The Roth IRA is a retirement account that can offer you valuable tax benefits, particularly if you want to lower income taxes in retirement. But it comes with income-based eligibility restrictions. A Roth IRA is a tax-advantaged individual retirement account. Unlike a traditional IRA, your contributions to a Roth IRA are not tax-deductible. But those contributions and your investment earnings grow tax-free, meaning there’s no income tax on your Roth IRA withdrawals in retirement. With a traditional IRA, your withdrawals in retirement are taxed as income. Funding Roth IRA’s while you are still working will benefit you since your tax exemptions, deductions, and credits are working to lower your overall tax rate. After retirement, you will still accumulate earning well above the taxes paid up front. Roth IRA’s have complex rules, eligibility requirements, income and contribution limits. We can guide you through the analysis to see if this makes sense for you. multi-generational ira's
Here's another strategy that is designed for investors who will not need the money in the account for their own retirement needs. It's called a multi-generational IRA strategy because it stretches the period of tax-deferred earnings of assets within an IRA beyond the lifetime of the person who set up the IRA, typically to another generation. In other words, it allows you to pass your IRA to a beneficiary down a generation or even several generations to your grandchildren. Let us do the calculations and show you a report on how this concept can be of benefit to you and your children and grandchildren. |
401k, 403b, 457, SEP Rollovers & Planning
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Socking away all your money into tax-deferred plans like 401(k)s, 403(b)s, 457 plans, and deductible IRAs can be good – to a point. That point ends when you create a situation where all your financial assets are inside tax-deferred accounts. This can cause problems once you’re retired because of the way retirement income is taxed. When you withdraw money from tax-deferred accounts, it will be taxed as ordinary income in the calendar year in which you take the withdrawal. If you need extra funds for a vacation, you're purchasing a new car, or helping a family member, the excess funds withdrawn may bump you into a higher tax bracket. You could find yourself paying 25 cents in taxes or more on each dollar that you withdraw. |
Leaving A Legacy
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If you are a parent who worries about what your wealth will do to your children, you are not alone. Many clients want to leave money to their kids, but they are concerned that their children are ill-equipped to handle sudden wealth. Some worry that by providing too much money, it will rob their children of the ambition and hard work that it took for them to amass the wealth. Is sudden wealth an “initiative sucker” or can it be used to create a better and more fulfilled life? The answer is a resounding YES to both! Yes it can cause some to lose their drive and ambition, but with the proper work and structure, those who inherit can use the money as a tool to create meaningful lives of their own. But for many parents who are not convinced their children are ready to handle wealth, they are not idly sitting by hoping their children have a sudden flash of financial acumen. No, these parents are taking matters into their own hands, with our professional help. |
Retirement Income Planning
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If you are getting close to retiring, or are recently retired, now is the time to think about developing a strategy that seeks to generate income from your retirement portfolio. Insurety believes you should consider the following items to help your money last throughout your retirement:
We can help you undestand ways to strategize your retirement income, as well as, combine Retirement Tax Strategies to increase your cash flow. Also, always being cognizant of how future inflation will affect your buying power. |
Planning
retirement tax planning
Lack of retirement tax planning is costly: Most retirees are poorly prepared or not prepared at all for the cost of taxes in retirement. Planning adequately for minimizing taxes can help to keep you living comfortably in retirement. But there are several things to consider, including your age, your retirement accounts, additional investments, and Social Security. Understanding how all these work in advance can help you make plans for a comfortable retirement. Here’s an overview of the three key areas which most retirees are concerned with: Social Security, investment taxes, and taxes on selling your home. We can discuss and help you with ways to reduce retirement taxes that you might not be aware of. social security planning
When to start collecting your lifetime social security benefits? That's the $64,000 question! Be aware, statistics state that 75% of all Americans turn on social security at the wrong time. Let us help you not to be one of those 75%. Your 3 options for turning on Social Security:
We can run a PERSONALIZED social security maximization report which can show you examples of the benefits being paid out at different claim option periods which will identify the best time for you to turn on social security. |
Self Funded Pension
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You can hold assets earmarked to fund your retirement inside or outside of a retirement account. A Self-Funded Pension Plan works well for those who have maximized their available contributions to 401(k)s, SEPs, SIMPLEs and IRAs or who earn too much money to qualify. Also, they work great, if set up correctly, to reduce or eliminate your tax liability in retirement. These pension plans must be funded with either life insurance or annuities. In the case of cash value life insurance, you can actually access the money tax-free at retirement. These plans are best suited for people with disposable income that can be committed to the pension every year. We are experts at putting plans together for a lifetime self–funded pension plan that will give you tax free income for your retirement that will last a lifetime. |
FAQ's
When Can I Retire?
Trying to figure out whether you can afford to retire is like putting together pieces of a financial jigsaw puzzle. First, you need to estimate how much you'll spend in retirement. Second, you must consider the income you'll collect in retirement from pensions, Social Security and the amount you can afford to draw from your personal savings or other sources. Taxes and inflation play a huge part in how much money you will need in retirement as well.
The idea is to assemble the various pieces, and then see whether the picture of retirement life that emerges is acceptable to you.
We can review your current plan and by using the current life expectancy tables we can figure out if your money will survive as long as you will.
The idea is to assemble the various pieces, and then see whether the picture of retirement life that emerges is acceptable to you.
We can review your current plan and by using the current life expectancy tables we can figure out if your money will survive as long as you will.
Will pensions and social security be enough?
Unfortunately, probably not.
When you look at the numbers, you should factor in other sources of income in retirement, including Social Security and pensions, if you're lucky enough to have one. Your personal savings will have to generate enough income to cover any shortfall.
You can check your estimated Social Security benefits by using the government's Social Security Online calculators. Current or former employers can provide estimates of any pension benefits you might receive when you retire.
When you look at the numbers, you should factor in other sources of income in retirement, including Social Security and pensions, if you're lucky enough to have one. Your personal savings will have to generate enough income to cover any shortfall.
You can check your estimated Social Security benefits by using the government's Social Security Online calculators. Current or former employers can provide estimates of any pension benefits you might receive when you retire.
Where should I save my retirement money?
Tax-favored retirement accounts, such as IRAs or 401ks, are common places to save for your retirement. These accounts can be favorable if your employer matches the amount that you put in. These accounts are tax-deferred, which can work for you or against you.
Tax-free retirement accounts like Roth IRAs or Roth 401ks are a place where you can grow your money tax-free. You pay the taxes now, and then when you withdraw it for retirement, it's tax-free. These account can work for you or against you.
Alternative tax-free accounts allow you to grow your retirement tax-free. You pay the taxes now and then when you withdraw it for retirement, it's tax-free.
Tax-free retirement accounts like Roth IRAs or Roth 401ks are a place where you can grow your money tax-free. You pay the taxes now, and then when you withdraw it for retirement, it's tax-free. These account can work for you or against you.
Alternative tax-free accounts allow you to grow your retirement tax-free. You pay the taxes now and then when you withdraw it for retirement, it's tax-free.
How much money will i need in retirement?
Ah, the key question. One rule of thumb is that you'll need 70% of your pre-retirement yearly salary to live comfortably. That might be enough if you've paid off your mortgage and are in excellent health when you kiss the office good-bye. But if you plan to build your dream house, trot around the globe, or get that Ph.D. in philosophy you've always wanted, you may need 100% of your annual income - or more.
Sequence of ReturnsUnderstand why the ups and downs of the stock market can have such devastating affects on your retirement IF you’re drawing income.
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Contact Us
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MAIN OFFICE
Summit Executive Center 13575 58th Street North Suite 261 Clearwater, FL 33760 |
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EMAIL
[email protected] |
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CALL
(727) 858-6001 |
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