Investment Planning
Along with the protection offered through insurance and the goal setting provided by investment choices, money management strategies can help manage savings on a daily basis.
From mortgage payments to tax savings, a strategy for managing money effectively involves a consideration of individual contexts.
Investment Planning
Initially, we inquire about your risk tolerance, liquidly needs, time horizon and return on objectives. Based on these parameters, we model how much you may need to put away to pursue your goals. Once we agree on a portfolio, we implement, adjust and monitor allocations while keeping you informed. We will communicate regularly to keep appraised and to learn of any changes in your circumstances that may require adjustments to your portfolio.
Investment services provided:
- Retirement planning
- Children’s education planning
- Estate planning
- Business financial planning
- Social Security planning
Retirement Planning
For most people retirement income comes from a company retirement plan, pension plans or IRA plus Social Security income and non-qualified (post tax) investments to help fund a long retirement.
We look at ways to help you invest in preparation for retirement as well as strategies to take income in retirement. Social Security is a complicated topic! Questions of when to start taking income and how to manage expected health care costs while retired are usually on top of the list for new retirees. We try to simplify Social Security and guide you in this area.
Business Succession Planning
After working hard to develop a business, it is important to also enjoy the results. Many entrepreneurs spend years of focused effort building up a business, but then fail to consider how to make the transition to retirement. A financial planner can offer expert advice in how to plan an effective business succession strategy.
For family businesses, a formal management succession strategy can help ensure a business stays in the family over generations. Depending on the level of involvement of family members, alternative bequests can help make decisions with those who do, and those who not, want to continue being involved in the family business.
Entrepreneurs can work to turn equity in the business into capital that can be used to fund retirement. Business owners can design tax-effective retirement strategies, such as using life insurance policies, paying business founders a salary, or arranging for an heir or heirs to slowly buy up ownership shares.
Smaller businesses may not need to pay estate taxes but can still benefit from a plan that ensures an equal legacy for their successors. A financial advisor can help entrepreneurs plan an inheritance that is fairly distributed among all loved ones.
Contact us today to discuss strategies for business succession.
