Retirement Planning in Lawrence, KS

Lucy Whitehead of Whitehead Financial helps Lawrence residents plan for retirement income, including how fixed index annuities may fit alongside the savings and pensions they already have. She's an independent broker who has helped people since 1995, with no charge for her services.

Only about 12.7% of Lawrence residents are 65 or older (U.S. Census Bureau QuickFacts), so a lot of Lucy's local conversations are with people still building toward retirement. A first meeting usually covers what you've saved so far, any pension or workplace plan you belong to, when you'd like to stop working, and what kind of monthly income would let you live comfortably. From there, Lucy lays out the options in plain language.

Lawrence is home to the University of Kansas and Haskell Indian Nations University (City of Lawrence, About the City), and the city's strengths include education, arts and culture, technology entrepreneurship and tourism. People in those fields often have retirement savings spread across several plans. KPERS administers statewide pension plans for Kansas state and local public employees (KPERS), so if you've had public-sector jobs, Lucy can help you see how those benefits fit into your overall income picture.

For people who want part of their savings to provide predictable income, Lucy can explain how fixed index annuities work: what they're designed to do, what they're not, the surrender periods involved, and how they compare with keeping money where it is. She doesn't give tax advice, so she'll encourage you to loop in a tax professional when a decision has tax consequences.

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