Financial Services offered through LPL Financial
Pension/Retirement Plans
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment.[1] Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum. The terms retirement plan or superannuation refer to a pension granted upon retirement.[2] Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Vehicles to financially plan for retirement may include:
- 401K
- 457
- 403B
- Defined Benefit
- Cash Balance
- Section 79
Financial Planning
In general usage, a financial plan can be a budget, a plan for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan can also be an investment plan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in an existing business, or real estate. In business, a financial plan can refer to the three primary financial statements (balance sheet, income statement, and cash flow statement) created within a business plan. Financial forecast or financial plan can also refer to an annual projection of income and expenses for a company, division or department.[1] A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company.[2] Financial planning may include the following:
- Cash Flow
- Wills
- Trusts
- Goal Based Planning
- College Planning
- Retirement Planning
Koko Hunt is a registered representative with, and securities and financial planning offered through LPL Financial, A Registered Investment Advisor, Member FINRA/SIPC.
The LPL Financial registered representative associated with this page may only discuss and/or transact business with residents of the following states: OR, WA, NC, VA
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