No matter how you came into your wealth — whether you’ve sold your business, invested successfully, or received an inheritance — take the steps to optimize your assets and achieve your financial goals. With proper wealth planning, you can accomplish a wide range of objectives, such as leaving a legacy for the next generation or supplementing your retirement income.
At the MassMutual Trust Company, FSB (MM Trust), we work with you and your other professional advisors to develop a customized wealth management strategy. We also offer an array of key services, including estate consultation and investment management services, to help you make adjustments as your needs and market conditions change. MM Trust acts as a fiduciary, so we act solely in your best interest.
A trust allows you to plan for the future on your own terms. Use a trust to transfer your estate and wealth to your family, a charity, or a loved one with special needs. You may want guidance in choosing a trust that is right for you.
At MM Trust, we work with your team of trusted advisors as you create, manage, and grow your trust. Your team will develop a custom asset management strategy and take care of the trust accounting, regulatory reporting, and treatment of beneficiaries. As with our wealth management services, MM Trust acts as a fiduciary, so we act solely in your best interest.
Investments are an important component of planning for your financial future, whether you are saving for the purchase of your first home, supporting your family, or planning for your retirement. Depending on your needs, a financial professional can work with you to navigate through your options and connect you with investments to help you reach your goals.
Mutual funds are a pooled investment vehicle that offers portfolio diversification, professional management, and liquidity. Consider looking more into mutual funds when saving for college or planning for retirement and your financial future.
Individual Retirement Account (IRA)
An IRA is a tax-advantaged way to save for retirement. Both traditional and Roth IRAs are available, offering different tax advantages.
Annuities are a powerful way to save for retirement. They are specifically designed to help you reach long-term financial goals, whether you want to put money aside for the future, generate a stream of income you can’t outlive, or both. Annuities may help your savings grow faster, because you don’t pay income taxes on the money in your contract until you take a withdrawal. They also are unique in that they provide guaranteed lifetime income. Each type of annuity has advantages and drawbacks that you should consider carefully before deciding whether an annuity is right for you.