WEALTH & INCOME PLANNING

Retirement Planning

Preparing for retirement can be stressful, but it doesn’t need to be. One step in ensuring you have accurate funding in your retirement is understanding the difference between retirement savings and retirement income.

Saving for retirement is what you’ve been doing most of your working life. Retirement planning consists of planning to turn those savings into the retirement income you need and having a plan for where and when to take that income to get the most from your assets and, therefore, minimize the effect of taxation.

Investment Management

It’s likely that over your working career, you have accumulated savings in different vehicles. Some savings are likely earmarked for retirement, and others may be general savings. Managing each of these accounts towards your unique investment goals is what proper investment management is all about. Positioning your assets to weather market downturns and maximizing your upside potential are our two mandates that guide the firm’s investment philosophy.

Investment Risk Analysis

Do you have too much downside risk in your accounts based upon your proximity to your retirement date? Analyzing the appropriate amount of risk in your investments goes further than answering a few questions about your tolerance for risk. When a fiduciary analyzes risk, all components of one’s retirement plan need to be considered. For example, how much income will a surviving spouse have to go without, and how should that affect the total amount of risk in your investments? 

Our fiduciary guided risk analysis process takes into account all of the nuances of your circumstances.

Insurance Enhanced Accounts 

Most financial products are designed for a specific purpose. For example, life insurance is designed to provide a death benefit to loved ones in case of premature death. Checking accounts are designed to pay bills and provide short-term cash. One of the primary purposes of account protected by insurance is to provide lifetime income, either today or in the future. One benefit of such an account is it may require less funds to create a lifetime income stream compared to other retirement options.

Capital Preservation Planning 

Preserving what you have accumulated may be your number one goal. It could be because you are more risk-averse, or perhaps you are already well into retirement. Certificates of deposit are a common form of safely preserving capital, but they do nothing to keep pace with inflation and are taxed, reducing your real return. Having a plan to get your money to work hard even while at the same time preserving what you have is a standard part of fiduciary planning.

Managing Required Minimum Distributions (RMD’s)

At age 72, distributions must begin from all retirement accounts, excluding ROTH IRAs. Strategically managing those distributions can allow you to greater control and minimize your tax rates in retirement. Without a plan for RMD’s middle-income retirees can face tax rates in retirement as high as 49.95%!

Estate Planning

For many people, the most significant assets outside of their homes are their retirement accounts. Yet, people may not recognize the essential role of protecting and preserving their assets and making sure it passes to their loved ones as planned.

We can teach you how to avoid potentially costly beneficiary mistakes, avoid accidentally disinheriting your children and grandchildren, and avoid paying unnecessary taxes.

Structured Notes (Buffered Index Portfolio)

The Buffered Index Portfolio offered through our investment partners has the objective of providing investors upside participation with a predetermined level of downside protection against volatile markets. The portfolio utilizes structured notes that provide a predetermined level of downside protection called a buffer. Investor participation on the upside is limited to a predetermined maximum level called a cap. These cap and buffer rates are linked to a specific index, asset class, or sector and also have a defined maturity date.

Generational Vault

Generational Vault is a secure, internet-based tool that offers secure document storage along with a view of your financial future. Some have called it your ‘virtual safe deposit box.’

With Generational Vault, you don’t need to worry about forgetting where you put trusts, wills, powers of attorney, insurance policies, investments, medical directives, tax returns, and other personal or family mementos.

They are all kept in one place after being uploaded to Generational Vault, where you can access them 24/7 from anywhere in the world.

Its SSL Certificate uses a 2048-bit public encryption key, one of the strongest available, so your important documents and financial information remain safe, secure, and always within reach.

The first step toward achieving your retirement goals is having a plan…