Income Plan
“First secure an independent income, then practice virtue.” - Greek Proverb
Your Income Plan is the foundation in your pursuit of financial freedom
Without consistent and predictable income, the pursuit of financial freedom is futile. It is difficult to live financially free without knowing and trusting your plan for income.
Many firms push their own internal beliefs regarding how you should create income. Our belief is that there are several ways to build strong and reliable retirement income. It is our responsibility to seek to understand your preferences goals and values and align your retirement income strategy with those ideals.
Your efficient income plan may navigate topics such as social security planning, pension maximization, income investing, annuities, sale of business income, analysis of other income generating assets and expense planning all in an effort to maximize efficiency and minimize income taxes.
Investment Plan
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and most of all self-discipline." - Thomas J Stanley, The Millionaire Next Door
Your Investment Plan is centered on your life and legacy goals
Your investment plan is your opportunity to put your accumulated assets to work in a way that aligns with your preferences, goals and objectives. As you intentionally consider your investment plan you can have assurance in your efforts to offset the long-term effects of inflation as well as magnify your wealth towards the pursuit of your life and legacy goals. Your investment plan may include analysis of your efforts in real estate, management of your stock and bond market investments both in retirement and non-retirement accounts, business investments, alternative investments, investing for income, etc. with a strong emphasis on minimizing both risk and the tax implications of investing.
Tax Plan
"The man who is prepared has his battle half fought." - Miguel De Cervantes
Navigate the World of Taxes With Confidence
As you accumulate wealth, taxes are inevitable. However, having a clear and proactive strategy for how you approach and mitigate taxes year over year can help you preserve more of your hard-earned assets. It’s often not what you make or what you have, but what you keep after taxes that truly matters. Income taxes, proactive management of short and long-term capital gains, effective unwinding of pre-tax retirement assets, sale of property and/or businesses and estate taxes are key areas of emphasis. In collaboration with your tax professional’s advice, as well as through the scope of your holistic plan, your Tax Plan can help you define a clear path towards navigating current tax law intentionally and proactively in an effort to minimize the taxes you will pay throughout your lifetime.
Healthcare Plan
"Time and health are two precious assets that we don't recognize and appreciate until they have been depleted." - Denis Waitley
Plan for Your Future Healthcare Needs
Your Healthcare Plan is one that is centered on maintaining your dignity and independence as you progress through life. Planning for potential healthcare costs is challenging as everyone’s healthcare journey is largely unknown. Pre-Medicare health insurance prior to age 65, and navigating Medicare post 65 is just the beginning. Planning for potential out-of-pocket medical expenses, funding possible long-term care or assisted living needs, end of life planning, final expense planning and survivor income needs are topics that are often discussed as we create a healthcare plan that produces both confidence and peace of mind.
Legacy Plan
"What we do for ourselves dies with us. What we do for others and the world remains and is immortal." - Albert Pine
Leave a Lasting Legacy
There are only two things that you will ever do with your money. You will either spend it, or you will give it away. Planning for who or what you would like to benefit from your life’s work as well as when you will give it, can be a very rewarding experience. The legacy plan that you put into place can give you confidence that your hard-earned assets will end up where and with whom you want them; however, your legacy is not just about your assets. Proactively considering your legacy may change how you spend your assets during life as you facilitate family experiences, travel the world and participate charitably. Considering family dynamics, charitable giving, asset ownership and taxes in collaboration with advice from your estate planning attorney can produce a Legacy Plan that will help facilitate your wishes.