Accredited Asset Management Specialist, Accredited Portfolio Management Advisor, Chapter President - American Financial Education Alliance, 501 (c)3
My practice is designed to help those approaching or in the early stages of retirement, navigate all of the options available to them. These options often take the form of many concerns, such as: How do I move money from a 401k to an IRA; How do I take money from an IRA and when?; Do I still need insurance?; I have money left in a 529 plan, what can I do with it?; How do I make my retirement money last through retirement? How do I consolidate my assets? ; Can you construct a retirement plan that does not become a paperweight? There are many concerns and issues for retirees and pre-retirees alike.
Once these issues are addressed and resolved, most of my clients still have three primary concerns.
First, preserve their wealth. Most have accumulated significant assets and are concerned about losing their wealth due to market volatility, lawsuits, or illness. Using proven wealth management strategies, I review the client's situation, their goals, risk tolerance and time horizon, so I can resolve this concern in a suitable, tax efficient manner.
Second, in conjunction with the clients CPA® or accountant, I can provide strategies to help them manage taxes, specifically income and estate taxes. Few people want to pay taxes and the real issue is finding strategies that can help reduce or eliminate those they can. My role is to recommend an approach for their situation.
Finally, I address my client's personal interests and responsibilities. Most are concerned with three issues: First is making sure that their heirs are taken care of, second, they have a medical insurance strategy for lifetime, beyond employment, and third they have a retirement distribution plan that takes into account their net worth and lifestyle costs. Through my discovery process, I surface these issues and through the use of wealth management strategies, I recommend suitable solutions.