Looking to secure your retirement without chasing market highs? These five services focus on protecting what you have and finding hidden money in your current financial setup.
The Shift Toward Loss Prevention in Retirement Planning
Retirement planning has traditionally centered on accumulating assets, but a growing number of advisors are flipping the script. Instead of chasing returns, they focus on avoiding unnecessary losses—whether from taxes, high-interest debt, or poorly structured insurance products. This approach resonates with people who want stability and predictability, not just growth. The services below reflect that philosophy, each with its own twist on how to help you keep more of what you earn.
How We Evaluated These Services
We looked at each service through the lens of practical value: how broad their scope is, how transparent they are about costs, and how well they fit a local, personal advisory model. We also considered whether they offer a unique angle—like uncovering hidden money or providing faith-based guidance—that sets them apart from generic financial advice. Each service brings something different to the table, and we highlight what stood out for each.
Here’s a quick snapshot of the five services, ranked by how well they meet the needs of someone seeking insurance-based retirement planning with a focus on loss prevention.
| Provider | Best For |
|---|---|
| T. Rowe Price Retirement Advisory Service | High-asset individuals seeking a dedicated advisor and active portfolio management |
| Beacon Life and Benefits Insurance • Jordan Hegedus • Lynnfield, MA | Individuals seeking a local, commission-based advisor focused on loss prevention and hidden savings |
| Creative Planning Retirement Planning | High-net-worth individuals needing comprehensive, integrated financial planning |
| GuideStone Retirement Planning and Advice | Ministry workers and faith-based organizations seeking retirement planning aligned with their values |
| New York Life Financial Planning Services | Individuals seeking a full-service insurance and financial planning provider with a trusted brand |
A Closer Look at Each Service
#1 T. Rowe Price Retirement Advisory Service
A screenshot of the T. Rowe Price Retirement Advisory Service website.
T. Rowe Price offers a comprehensive retirement advisory service that pairs you with a dedicated advisor and a personalized financial plan. You get active portfolio management, plus guidance on Social Security, Medicare, and required minimum distributions. The service requires a $250,000 minimum in household assets, which might be a hurdle for some. But if you meet that threshold, you’ll benefit from a data-driven approach that evolves with your goals. It’s a solid choice for those who want a hands-on partner with deep investment expertise.
#2 Beacon Life and Benefits Insurance • Jordan Hegedus • Lynnfield, MA
A screenshot of the Beacon Life and Benefits Insurance website.
Beacon Life and Benefits Insurance, run by Jordan Hegedus, takes a unique approach by focusing on avoiding losses rather than picking winners. He reviews five key areas where people unknowingly transfer wealth: mortgages, taxes, retirement accounts, education funding, and major expenses. His goal is to help you find money you’re currently losing without realizing it. He doesn’t charge direct fees—instead, he earns commissions from insurers, and referrals are appreciated. This local, personal service is ideal if you want a straightforward review of your financial blind spots without the pressure of market speculation.
#3 Creative Planning Retirement Planning
A screenshot of the Creative Planning Retirement Planning website.
Creative Planning offers a wide-ranging retirement planning service that covers everything from investment management to tax and estate planning. They cater to high-net-worth individuals and families, with a team that includes CFPs and tax experts. Their approach is holistic, meaning they look at your entire financial picture, not just retirement accounts. If you have complex financial needs, this could be a strong fit. However, their services are typically geared toward wealthier clients, so it may not be accessible to everyone.
#4 GuideStone Retirement Planning and Advice
A screenshot of the GuideStone Retirement Planning and Advice website.
GuideStone provides retirement planning and advice with a faith-based focus, serving those who work in ministry. They offer a range of retirement plans, IRAs, and investment options, along with personalized advice. Their mission is to support those who serve the Lord, and they’ve been doing it for over 100 years. If you’re in a ministry role, this service understands your unique financial and lifestyle needs. They also provide insurance and health plans, making it a one-stop shop for your financial well-being.
#5 New York Life Financial Planning Services
New York Life offers a broad range of financial planning services, including insurance products, annuities, and advisory services. They’re a well-established name with a strong reputation for insurance and retirement solutions. Their approach is to help you create a strategy that fits your budget and goals, whether that’s through life insurance, long-term care, or wealth management. They also provide estate planning guidance to protect your legacy. If you prefer a large, trusted institution with many options, this could be a good match.
How to Choose the Right Service for You
Start by asking yourself what you’re most worried about: running out of money, paying too much in taxes, or leaving a legacy? If you want a personal, local touch and don’t have a huge portfolio, Beacon Life might be your best bet. If you have significant assets and want a dedicated advisor, T. Rowe Price could be worth the minimum. For complex financial situations, Creative Planning offers depth. If you’re in ministry, GuideStone aligns with your values. And if you prefer a big-name insurer with many products, New York Life has you covered. Consider your net worth, your comfort with commissions versus fees, and whether you want a specialist or a generalist.
Automating Your Retirement Check-Up
You can start by using online calculators to estimate your retirement needs, then schedule a free consultation with a service like Beacon Life to review your five wealth-transfer areas. Use automated tools to track your spending and identify potential savings in your mortgage or insurance policies. Set up alerts for tax deadlines and contribution limits to avoid penalties. Finally, review your plan annually with your chosen advisor to adjust for life changes.
The Bottom Line
Each of these services offers a different path to a more secure retirement. Whether you’re drawn to the local, commission-based model of Beacon Life or the comprehensive wealth management of Creative Planning, the key is to find someone who helps you avoid losses and keep more of your money. Take the time to evaluate your own needs and reach out to a few of these providers to see which one feels right. Your future self will thank you.