Is Your Situation Similar?

Hypothetical Situation:

• Do you have various assets distributed among 401(k), Non-Qualified Investments, Private Equity, and Investment Real Estate?
• Maybe you have no formal estate plan.
• Maybe current investment strategies don’t align with the client’s objective to generate consistent retirement income.

We Start with a Unique Solution Designed for You

• We would develop a comprehensive list of all assets, liabilities, and income sources.
• Develop a holistic financial plan used to evaluate various scenarios.
• Plus, identify the impact of using proceeds from the sale of your business to pay off existing debt versus investing profits.

We Build and Work with Strong Teams

• We would consult with a Tax and Estate Planning Attorney to develop a comprehensive estate plan.
• Conduct an insurance needs analysis to identify gaps in coverage as well as applicable strategies.
• Develop an investment strategy to meet the following objectives;     
  • Generate consistent retirement income to complement other sources of income
  • Minimize taxes associated with generating retirement income
  • Limit exposure to asset classes based on current and forecasted Capital Markets.

Defining Success for You and Your Family

We have a passion for helping our clients work toward their individual goals and personal definitions of success. In the case of selling a business, objectives might look something like this:

• A reduction of overall risk in investment portfolio to meet stated investment objectives and risk profile.
• Redirected future retirement savings into vehicles that would provide tax-free earnings and distributions.
• Development of a comprehensive estate plan to meet stated objectives
• Quarterly reviews to discuss and monitor the financial plan, as well as any necessary changes to investment strategies.

Our goal with these hypothetical scenarios is to give you a perspective of how we might address any given solution. Every situation is different and is uniquely addressed if you would like to talk with our team about how we might help you contact our team today. We look forward to serving your interests and family.

Is Your Situation Similar?

Hypothetical Situation:

• Maybe you’re re-married with adult children from prior marriages.
• Perhaps one spouse’s health is tentative (husband), while the wife is healthy with longevity in the family.
• Is your wealth currently distributed among rental property and pre-tax retirement accounts, with multiple properties in different states?
• Husband may have worked in both the public and private sectors, so Social Security would be impacted by the Windfall Elimination Provision.
• The wife may have a pension plan with multiple payment options.
• Husband’s account may be all in money market funds.
• The wife’s account may be being managed with little feedback.
• You may even be in the process of estate planning when we initially meet.

Here’s How We Could Design a Plan

• Review cash flow in detail to determine your income needs.
• Incorporate income needs and existing resources into a detailed retirement projection with multiple scenarios – here we’d model out alternatives of selling or keeping portions of various portfolios such as rental.
• We’d consider consolidation of retirement accounts into two Traditional IRAs to be managed in line with your risk tolerance and objectives.
• Next, we could develop a plan to convert a good portion of Traditional IRA money to Roth IRAs, strategically converting money in years where income is expected to be lower.
• Review estate planning documents, to verify they were in line with objectives.

We Build A Strong Team Around You

• After developing an outline for the IRA to Roth conversion plan, we’ll review the strategy with your accountant, and check-in annually to move as much as we can within specified marginal tax brackets.
• Upon reviewing estate documents, we have found some clients assume their assets would be protected from long-term care expenses. In this case, we would facilitate a joint meeting with the attorney to review any estate plan structure. Occasionally, we’ve discovered plans that do not provide long-term care protections.
• In cases like these, we’ve worked with attorneys to establish customized beneficiary designations.

Defining Success for You and Your Family

• You want a system in place to monitor how your retirement income plan is progressing.
• It may be that over half of your investable assets could be in a Roth IRA, thus providing tax-efficient flexible access to funds.
• You want a more accurate understanding of your estate plans.
• We’ll work toward a diversified investment portfolio matching objectives and risk profile.
• It may be that one spouse's pension will be taken as an annuity, rather than a lump sum, but deferred so that the Roth conversion plan can be carried out.
• You’ll have confidence about your situation, enabling confidence that you can give money away to loved ones and important causes.
• We’ll foster a trusting relationship with open lines of communication.

Our goal with these hypothetical scenarios is to give you a perspective of how we might address any given solution. Every situation is different and is uniquely addressed if you would like to talk with our team about how we might help you contact our team today. We look forward to serving your interests and family.

Is Your Situation Similar?

Hypothetical Situation:

• Are you a couple in your mid-thirties with a newborn baby?
• Is your cash savings nominal at best?
• Do you have Credit Card debt mounting?
• Maybe you have retirement savings plans through work.
• You might not have an IRA or Roth IRA.
• You do have limited disability and life insurance through work.
• You don’t have an estate plan.

We’d Customize a Plan for Your Family

• We’d implement a holistic Financial Plan to identify the weak points of your situation.
• You may decide to pay off consumer loans from cash flow.
• We might recommend maximizing all benefits through each of your employers focusing on disability and life insurance.
• We may suggest reallocating the employer-sponsored retirement plans to diversity and target long-term growth.
• Implementing private life insurance policies for each spouse may provide additional protection.
• You may consider Initiating education savings through a new 529 Plan.
• Funded backdoor Roth IRA contributions may be a good strategy.

Success Might Look Similar to This

• Eliminating all your consumer loans.
• Increasing cash flow once consumer loans are paid off.
• Mitigating risks associated with disability and premature death.
• Being better equipped to handle the future cost of your child’s education.
• Sound investment portfolio matching your long-term financial goals.
• A bucket of tax-free money growing in a Roth IRA.

Our goal with these hypothetical scenarios is to give you a perspective of how we might address any given solution. Every situation is different and is uniquely addressed if you would like to talk with our team about how we might help you contact our team today. We look forward to serving your interests and family.

Is Your Situation Similar?

Hypothetical Situation:

• Is your wealth distributed among 401(k), deferred compensation, significant buyout package, pension, and employer’s stock?
• Do you have a majority of assets in your spouse’s name?
• Maybe you have outdated beneficiaries on file for retirement assets.
• Maybe you own multiple properties in different states.
• Perhaps you have out-of-date estate and long-term care planning documents.
• You have no strategic plan for wealth distribution/income planning in the event of early retirement.

How We Could Individualize Your Plan

• Begin with organizing a full list of assets, liabilities, income sources, and vesting schedules.
• Help discern and prioritize financial planning goals.
• Build financial planning projections to determine an appropriate level of investment risk.
• Confirm and monitor deferred compensation investment and distribution elections.
• Confirm the normal pension income and identify the buyout pension benefit that eventually would end and need replacement.
• Consult on multiple avenues for replacing the buyout pension benefit with a likely opportunity for increasing this benefit over time.
• Consolidate employer retirement accounts and IRAs.
• Conduct insurance needs analysis which includes reviewing employer-provided benefits as well as the future of those benefits in retirement.
• Identify and collaborate about the opportunity to close the gap associated with Long Term Care needs.

Coordinate and Build a Strong Team Around You

• Coordinate the Long-Term Care insurance coverage to provide adequate coverage in the event of a future need.
• Confer about different deferred compensation payout schedules in order to maximize income in the early years of retirement.
• Introduce you to a CPA to help determine the taxability of life insurance benefits that would remain long after the retirement date.

Defining Success for You and Your Future

• Make an informed decision on the early retirement scenario with sufficient resources to continue lifestyle uninterrupted.
• Better equipped to monitor their financial and lifestyle goals.
• Recommended drawing or leaving funds in the 401(k), based on age, for penalty-free access early in retirement.
• Diversify your investment portfolio based on your goals and risk profile.
• We could implement a multi-tiered retirement income schedule using deferred comp and retirement accounts if advantageous.
• Drive toward a scenario where income will be greater than the original pension benefit expected based on alternative strategy implementation.
• Mitigate risks through the use of appropriate insurance and estate planning.