Individual Financial Services

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Our Services

 “To begin with the end in mind means to start with a clear understanding of your destination. It means to know where you’re going so that you better understand where you are now and so that the steps you take are always in the right direction.” -Stephen R. Covey

Financial Life Planning Services

Social Security Planning

Retirement Income Planning

Risks & Insurance Planning

Investments & Wealth Management

Charitable Giving & Estate Planning

Financial Life Planning Services

Financial Life Planning Services

We’re focused not only on the basic fundamentals of your financial well-being, but the building blocks for your overall happiness.

For this reason, our wealth management service(s) for you are on-going with integrated financial planning, investments, and insurances to fully connect the various parts of your entire financial life. This ensures your financial strategies are all aligned, all working together, and continuously remain on track to achieve your goals now and in the future.

financial consulting

Financial Consulting is our à la carte service, ideal for individuals seeking specific and focused advice one time on their financial situation. All consultation planning is done on a one-on-one basis with a flat fee starting at $1,500.00. The fee is customized on a case by case basis and ranges based on scope of the project, complexity, and time. We do not charge for our initial consultation since this is a meeting to determine how our firm best fits and aligns with your specific goals.  

We strive to provide customized planning solutions as the world continues to change that inspires confidence and helps to secure your financial future.

Financial Life Planning Services

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Retirement Income Planning

Planning for your retirement is a multi-phase process.

Helping you retire means  Accumulation, Preparation, and Distribution.  We will work with you to implement a plan designed to accumulate and grow investments for retirement.  Together we will learn what it costs to live the life you envision.  Along the way, we will develop with you the best strategies to collect income—your “retirement paychecks”—in the most tax-efficient way.

Retirement has evolved for many people to mean “what’s next?”  At the same time, the cost of health care and taxes in retirement challenge the best plans. 

one

Accumulation

Most people take advantage of tax incentives to accumulate assets in tax-deferred retirement accounts.  By itself, this may not be the optimal way to fund your retirement, since taxes paid in retirement may matter as much, or more, than taxes saved while working.  We offer solutions in the form of advice and access to a host of taxable (nonqualified) and tax-deferred (qualified) retirement vehicles, such as:

  • Individual Retirement Accounts (IRAs)
  • Simple Employee Pension (SEP IRA)
  • Individual Pre & Post Tax 401(k)s
  • Roth IRAs
  • Inherited IRAs/IRA BDAs
  • Individual Pre & Post Tax Annuities
  • Deferred Compensation (457s)
  • Long Term Incentives (RSUs/Stock Options)

For your employer’s 401(k) or 403(b), we can help you manage that account.  We answer questions such as “How much do I need to contribute to be tracking for my ideal retirement?” and “What mix of the offered investments is right for me?”

Managing Your Retirement Plan for all clients, we will review your company-sponsored retirement plan as part of your overall asset picture.  If desired, we’ll make ad hoc recommendations to asset allocation and investment choices.

two

Preparation

Preparing for the future means more than simply gathering assets and growing them in a tax-efficient manner.  A successful retirement requires that you invest with the end in mind.  Every person has their own vision of what their retirement should look like. 

  • When do you want work to be optional?
  • What does your retirement lifestyle cost?
  • Have you prepared for Health and Long Term Care expense?

 

Since this plan is always changing and evolving, we work closely with our clients to create their personal  Retirement Income Distribution Plan. While many financial advisors only focus on the accumulation of your assets, we can help you accumulate monies and help you effectively distribute the monies so you can live your best life.

THREE

Distribution

We do not have a “one size fits all” approach to your income in retirement.  We work to create a “retirement paycheck” for you that is diversified and tax efficient.  We like to mix guaranteed and secure lifetime income (such as social security, pensions, cash value life insurance and fixed annuities), with other types of market investments that are built to grow and produce dividends.  

  • When you are retired, you can’t earn your way out of a deficit or debt.  Expenses matter.  Taxes matter.  For this reason, we try to balance distributions from taxable and non-taxable sources where possible.   
  • Once retired, it’s important for you to track your ability to maintain or improve your lifestyle. Adapting to market conditions and unforeseen expenses are always a part of our process.
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Retirement Income, Distribution Planning

Our firm can help pre-retirees and retirees by producing a very detailed Retirement Distribution Income Planning Report that integrates all of your retirement income, retirement savings, and retirement assets. This planning report shows a client year by year their retirement income streams (such as Social Security, Pensions, Cash Value Life Insurance, Rental Properties, etc.) along with an estimate of their associated federal and state taxes. To further supplement a client’s yearly retirement income, this comprehensive report prioritizes the best order in withdrawal strategies for various savings accounts (such as IRAs with their RMDs - required minimum distributions, Fixed Annuities, Roth IRAs, Cash Value Life Insurance, etc.) This report also shows how much from each savings account is withdrawn year by year before a client runs out of their monies.  

In conclusion, we specialize in retirement income distribution planning for pre-retirees and can assess for retirees whether you're still on track for living the life you want. 

While many financial advisors only focus on the accumulation of your assets, we can help you accumulate monies and help you effectively distribute the monies so you can live your best life.

*This material has been provided for general informational purposes only. Investors should consult with a licensed business planning professional regarding their individual situation.

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Investments & Wealth Management

Investments & Wealth Management

Diversified Portfolios, Strategically Managed

We are an independent wealth management firm with a large number of highly skilled money strategists and investment choices. Our firm’s strategic investment partnerships are offered through Orion Portfolio Solutions and TD Ameritrade-Charles Schwab.  

Our advisors can construct your portfolio with a range of asset classes (stocks, bonds, real estate, cash, commodities, reits, etc.) Including ESGs (Environmental, Social and Governance), for sustainable and responsible investing. All of our portfolios are designed to each client’s specific goals, time period and tolerance for risk. 

Under normal market conditions, we seek to maintain a growth-oriented focus and provide dividend income while managing volatility inherent in the capital markets.  We understand that you want us to grow your investments and at the same time coach you through the emotions often associated with investing. Therefore, we will always champion the use of a diversified portfolio to help achieve your optimal level of risk-managed performance.

We believe that the most reliable way to enhance investment returns is to be strategic, opportunistic and at times contrarian, rather than adhere to static portfolio allocations. We believe that any risk-managed approach needs to include a willingness to take action on current and foreseeable market conditions. We may move some investments to cash as market conditions dictate, and act tactically when better opportunities present themselves. 

We meet with you regularly to review the progress of your investment and advanced financial plans. Periodic reviews of your portfolio include performance based on comparison with established benchmarks appropriate to your situation. During these reviews we also like to catch up on the changes in your life (e.g., job promotion, new child) so that we can make the necessary updates to your strategies. We also want to hear from you in between meetings and encourage you to call us whenever you face a life change, a big expenditure, a concern about market performance, or really, any financial question, big or small.

Investments & Wealth Management

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*Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.

Social Security Planning

Social Security Planning vs Retirement Planning

Retirement Income, Social Security

Our firm has advisors that are certified National Social Security Advisors. We deeply understand how the Social Security program works and can review various scenarios with you. During our social security planning process, we will provide you with the pros and cons in your different scenarios, a final recommendation tailored to your personal goals, and a Social Security report on when is your best time to start Social Security benefits.  

If you have recently filed for Social Security benefits, you may be able to change your application to increase your benefits. This may result in a significant and positive difference when coordinating spousal benefits or wanting to maximize surviving spouse (widow) benefits.

Retirement Income, Distribution Planning

Our firm has sophisticated software that not only analyzes your own personal situation for Social Security strategies. We can help pre-retirees and retirees by producing a very detailed Retirement Distribution Income Planning Report that integrates all of your retirement income, retirement savings, and retirement assets. This planning report shows a client year by year their retirement income streams (such as Social Security, Pensions, Cash Value Life Insurance, Rental Properties, etc.) along with an estimate of their associated federal and state taxes. To further supplement a client’s yearly retirement income, this comprehensive report prioritizes the best order in withdrawal strategies for various savings accounts (such as IRAs with their RMDs – required minimum distributions, Fixed Annuities, Roth IRAs, Cash Value Life Insurance, etc.) This report also shows how much from each savings account is withdrawn year by year before a client runs out of their monies.  

In conclusion, we specialize in retirement income distribution planning for pre-retirees and can assess for retirees whether you’re still on track for living the life you want. 

While many financial advisors only focus on the accumulation of your assets, we can help you accumulate monies and help you effectively distribute the monies so you can live your best life.

*This material has been provided for general informational purposes only. Investors should consult with a licensed business planning professional regarding their individual situation.

READY TO BEGIN?

Book a complimentary consultation with one of our financial advisors below.

Risks & Insurance Planning

Risks & Insurance Planning

We integrate all pieces and parts of a person’s financial plan for risk management.

Therefore, we strongly believe that protecting your path to retirement and your ability to meet your obligations in difficult times requires an assessment of life, disability, and long-term care insurance. Adequate protection is essential in making reliable progress to goals. We make objective assessments and are equipped to offer insurance solutions available from a wide range of companies. We are independent wealth management advisors, which means we are not beholden to anyone company’s products.   

Risk Management refers to the protection of assets or income so they will be used for the purpose that you intend, even if bad things happen.  Premature death, prolonged illness or disability, property loss and lawsuits need to be proactively considered.  We also believe that people need to seriously consider the risk of living an extended life with chronic illness.  The primary strategy for dealing with these risks is to purchase insurance, shifting the risk of loss to insurance companies in exchange for premiums.  Types of insurance commonly used are:

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*Fixed insurance products and services offered through AKPride Financial Services. NPN# 18765748, CA# 0M30979

Charitable Giving & Estate Planning

Charitable giving is motivated by both personal reasons and tax incentives. Given a choice, very few people would like to see the IRS as a primary beneficiary of their estate. There are uncomplicated yet powerful planning techniques available to ensure that your heirs and favorite charities are your primary beneficiaries. Charitable planning involves selecting the gifted property and charitable structure that will satisfy your philanthropic needs in the most tax-efficient manner. 

Appreciated real estate and appreciated securities provide opportunities for gifting property to charitable causes. Likewise, qualified accounts such as IRAs are a primary source of tax-smart giving. For more complex situations, we can support clients by managing the portfolios in their charitable remainder trustsprivate foundations, and donor-advised funds

We collaborate closely with attorneys and CPAs in devising clients’ strategies for meeting all their goals in contributing to causes and leaving a lasting legacy. 

Estate planning creates a primary plan for the management of your property during life and the distribution of that property at death. 

 The most basic documents of an estate plan include:

    • Financial Powers of Attorney to arrange for continued management of your affairs while incapacitated.
    • Medical Powers of Attorney appoint a person to act on your behalf concerning medical decisions when you are unable to do so. A medical power should also include instructions regarding the use of extraordinary medical measures to prolong life. This feature is often called an Advanced Health Directive and may be a separate document. 
    • Last Will and Testament exist primarily to manage custody of minor or disabled children and to give specific bequests of property. 
    • Revocable & Irrevocable Trusts have become a primary means of delivering assets to heirs as a way to avoid probate. Historically, it has also been used to reduce estate taxes.  

*This material has been provided for general informational purposes only. Investors should consult with a licensed business planning professional regarding their individual situation

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