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Our Financial Services – How We Can Help

When we help create a financial and retirement strategy for you, we believe there are five major financial concerns that need to be addressed:

  1. Stock and bond market risk
  2. Inflation
  3. Income needs (including longevity risk and withdrawal rate risk)
  4. Health care, including long-term care and assisted living
  5. Estate distribution planning

We can help you reduce these risks and plan for the future through a wide range of services and solutions, including:

  • Distribution planning
  • Financial strategies
  • Account/Insurance reviews
  • Estate/Legacy planning
  • Long-term care planning
Distribution Planning

Distribution Planning

Eventually, everyone distributes 100% of their assets, whether they distribute to themselves or their beneficiaries. We understand that, as our clients approach retirement, their concerns shift from accumulation to distribution. During this transitional time, life changes may happen, income often reduces due to retirement, and expenses can change as well. We’re here to help our clients through that transition by:

  • Reviewing goals.
  • Determining what kind of retirement accounts are appropriate for you.
  • Determining strategies for a lifetime income stream.
  • Social Security evaluation.
  • Monitoring and reviewing life changes.
Financial Strategies

Financial Strategies

Depending on where you are in your career or retirement, you’ll most likely have different needs in terms of your investments. We lean toward the conservative side of things, as we think it is best to keep what you’ve already made and use it to help grow without taking unnecessary risks. We work to tailor each client’s portfolio to match their individual needs, so they have both some principle-protected money (Green Money) and some risk money (Red Money), as determined by their individual risk tolerance. During our process, we’ll:

  • Review goals.
  • Decide on financial strategies.
  • Implement strategies.
  • Track progress.
  • Rebalance and revise as time goes on.
Insurance Reviews

Insurance Reviews

Our clients often come to us having worked very hard over their careers to amass their retirement savings. Along the way, they may have acquired multiple insurance policies, annuities, long-term care policies, and life insurance. We assist our clients in understanding what they have so they can make a more educated choice.

Calling the companies with our client and knowing the right questions to ask help us to be able to explain what they have in each type of policy or account. Sometimes, we find our clients might have misunderstood the information they were given when purchasing a policy. Other times, we find that what they already have is a good fit for their needs.

We don’t attempt to judge what they have, but take the time to help educate them on what they have. Being knowledgeable professionals on life insurance, annuities, and investment accounts allows us to give an overall review of multiple accounts and policies in one meeting.

  • Annuities
  • Life
  • Disability
  • Long-Term Care
Estate/Legacy Planning

Estate/Legacy Planning

Although we do not give legal advice, there are certain things we can help with to make sure our clients’ accounts get where they want them to go after passing. We review accounts for proper beneficiaries and have the conversation with them about where they want their accounts and transferable assets to go after their passing. We ask if they have documents like a Power of Attorney, a trust, a will, health care directives, etc.

While we cannot help clients set up these documents, we can put them into contact with people who legally can, if necessary. Helping protect assets from potential estate issues is important, and we want to include as much support as we can. Having the conversation about where our clients’ assets are, where they want them to go, and how they want them to get there usually helps them see how small tweaks now can save their families a huge headache after their passing.

During our estate planning process, we can partner with an attorney to:

  • Review goals.
  • Inventory your assets and their value.
  • Create wills and trusts.
  • Select beneficiaries and guardians.
  • Monitor and review for life changes.
Long-Term Care Planning

Long-Term Care Planning

Long-term care is a growing issue as baby boomers begin to reach an age where they may need additional care. Some people can afford to self-insure and don’t have a need for additional funds to pay for care, and others may not need additional care. A good many retirees, however, will need additional care and a way to pay for it.

The long-term care insurance that used to be sold worked well and saved a lot of people from financial hardship. Today, long-term care insurance has become rather expensive, so our solution has changed. For our clients, instead of a traditional long-term care policy, we use a life insurance or asset-based policies that have added long-term care provisions.

This resolves a glaring issue with a standard long-term care policy, which is: If you don’t use it, you lose it. With a life insurance policy that has added long-term care provisions, if the care provisions aren’t used, there is still a death benefit for our clients’ beneficiaries. We can help clients with the following long-term care options:

  • Individual plans
  • Asset-based long-term care
  • Life insurance-based long-term care