We help Filipino retirees across the United States build a retirement tailored to their unique needs.
Retirement Planning for Filipino Families & Professionals
Common Financial Hurdles Filipinos Face
As you approach retirement, you probably have questions about retirement.
A first-generation Filipino American, Dustin understands the sacrifices made to build a life in the United States. You’ve worked hard to provide for your children and honor your parents’ legacy.
We’ve provided financial advice to many Filipino retirees. Below are the most frequent financial hurdles we’ve seen them face when transitioning into retirement.
Helping Family
Without a Plan
We care deeply for our family. That care extends to the young and old, both here in the United States and back home in the Philippines. This generosity is a beautiful part of our culture, but it requires careful planning to ensure it does not compromise your own financial independence.
By factoring these expenses into a personalized financial plan, you can give generously without putting your retirement at risk. Through proactive cash flow management and carefully positioned assets, you can help care for your family and contribute to their education.
Managing
Health Care Surcharges
A large portion of the Filipino community works in specialized, high-earning professions. Many serve with distinction as nurses, physicians and federal employees. While these careers provide a strong income, they also introduce specific financial hurdles, including higher tax brackets and specialized asset protection needs.
One of the most common surprises for successful Filipino retirees involves Medicare surcharges. Known as the Income-Related Monthly Adjustment Amount (IRMAA), this surcharge increases your Medicare Part B and Part D premiums based on your income history. We help structure retirement withdrawals in tax-efficient ways to potentially reduce these surcharges so you can keep more of your money in your pocket.
Navigating
Social Security Decisions
Social Security forms the foundation of most retirement income plans. However, the system is notoriously complex. Deciding when and how to claim your benefits is an important decision in retirement.
Many people claim Social Security as soon as they are eligible, usually because they do not know they have other options. Filing early permanently reduces your monthly benefit. We educate our clients on the long-term impact of their claiming age. We’ll analyze your complete financial situation, including pensions, 401(k)s and savings, to find the most efficient time for you to begin collecting your benefits.
Finding the
Right Professional
When you have financial questions, you might ask a relative, a local insurance agent or a representative at your local bank. While well-meaning, these individuals may not possess the experience for complex retirement planning.
By practicing as an independent CERTIFIED FINANCIAL PLANNER® professional, Dustin provides objective, professional advice without a corporate agenda. He is not restricted to pushing a single company’s products. Instead, he works together with you to build a customized strategy based entirely on your individual needs. Furthermore, we offer financial advice to the children of our clients, including assistance in choosing their first 401(k) investments or reviewing their workplace benefits.
Many people claim Social Security as soon as they are eligible, usually because they do not know they have other options. Filing early permanently reduces your monthly benefit. We educate our clients on the long-term impact of their claiming age. We’ll analyze your complete financial situation, including pensions, 401(k)s and savings, to find the most efficient time for you to begin collecting your benefits.
Let’s Build Your Retirement Together
Let’s grab a cup of coffee and talk about your future. Schedule a no-pressure Discovery Visit with our team to see how we can help you build the retirement you deserve.