IF YOU COULD, YOU WOULD LIKELY CONSIDER questions such as how to build a financial foundation for protecting your family, how to pay for college, what you would do if you became disabled and could not work, what income you will need during retirement, how you can help elderly family members, ways to establish a legacy, and techniques for passing along a family business - and more.
For most people, lifetime financial goals follow a normal progression of family protection, asset accumulation, and wealth preservation.
FAMILY PROTECTION - It is as much about looking after yourself as it is looking after your spouse and children. What if you have a medical emergency - can your financial strategy protect you? What do you have in place for covering expenses if you become disabled? How will your children's education be paid for if something happens to you? Can you count on your elderly parents to look after themselves - or to pay for care themselves? Our review of your financial goals and circumstances includes determining the appropriate mix of life insurance, disability income insurance, and long-term care insurance. Because some of your family protection needs will be short-term and some will be long-term, we prepare a review of your current and anticipated savings and investment needs, your retirement plan, and your budget and cash flow.
ASSET ACCUMULATION - Where will the money come from for college, retirement, a legacy to your children and grandchildren? We live in a world today where most people can no longer count on the generosity of a company-sponsored pension. Nor is the government likely to be a big part of your future financial foundation. And college? Think in terms of six figures and you will be thinking realistically. To accumulate the financial assets you will need for the long-term goals, we prepare retirement plans that can include supplemental income plans, Individual Retirement Accounts, Tax Sheltered Accounts such as 403(b) plans, and and wealth accumulation strategies that may include a variety of investments - mutual funds, privately managed accounts, variable and fixed annuities, and asset allocations. And when you reach what once seemed like a really long-term goal - retirement - we can help prepare for that period, once that could be 30 years or longer. While accumulating assets for retirement is challenging enough, once retirement, you need a plan for realizing your income from your accumulated assets. That is called living in retirement - and it takes as much care, thought, and planning as preparing for retirement does.
WEALTH PROTECTION - If you have assets, you have an estate. And if you have an estate, you need an estate plan.* A lifetime of building a financial foundation that meets you and your family's dreams and goals needs a wealth protection plan that can go beyond your lifetime. A sensible and strategic estate plan can minimize estate taxes, provide liquidity to pay estate taxes, avoid public probate of your estate, make arrangements for the future of a business, establish trusts, bring your charitable or philanthropic intents to life, communicate your wishes for end-of-life care, provide for guardianship and financial support of minor children and, most importantly, allow you to ensure that the legacy you have created is the legacy you leave. |
