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ABOUT OUR COMPANY
Navigating the Cliffs and Oceans of Financial Planning
At Durban Insurance Services, we understand that the journey to a secure retirement is filled with both cliffs to climb and oceans to navigate. Just as navigating the ocean requires skill and understanding, our expertise helps you chart a course for a secure and confident retirement, ensuring a smooth journey through every financial decision.
RETIREMENT RESOURCES
Insights and tools to plan your retirement Effectively.
Access a wealth of resources to guide you through the complexities of retirement planning.. From detailed articles and guides to interactive tools and calculators, get everything you need to make informed decisions about your retirement
ESTATE PLANNING
Working in conjunction with an experienced attorney to design a plan for the management and disposal of a person's estate during the person's life in preparation for a person's future incapacity or death. This planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include minimizing gift, estate, and generation-skipping transfer taxes.
401K/TSP/IRA ROLLOVER PLANNING
Navigate the complexities of rolling over your retirement accounts with our guidance. We specialize in helping you transfer your 401k, TSP, and IRA funds efficiently to preserve your savings and optimize your investment options for retirement.
Importance of Financial Planning
Understanding the need for comprehensive financial planning is crucial. Here are some key statistics that demonstrate why retirement, long-term care, and estate planning should be top priorities:
According to the Employee Benefit Research Institute, only 40% of workers have tried to calculate how much they need to save for a comfortable retirement.
40%
The average retirement savings for individuals aged 55-64 is approximately $120,000, far below the recommended amount needed to sustain retirement for 20-30 years.
120K
The U.S. Department of Health and Human Services reports that about 70% of individuals over the age of 65 will require some type of long-term care services during their lifetime.
70%
A Gallup poll found that only 44% of U.S. adults have a will, which can lead to prolonged and costly probate processes.