Frequently Asked Questions

Prepared by Broadridge Advisor Solutions Copyright 2021.

The Risk of “Safe Assets” is that you might end up running in place

How many millionaires do you know that have become wealthy by investing in savings accounts?
I rest my case.

Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.

Sometimes investment firms create and use identical portfolios for their clients regardless of whether the account is a taxable account or tax deferred account. 

• Perhaps you may benefit from our asset location process.

Your income allocation is comprised of the components of your taxable income you can control.

• How much should I distribute from my IRA each in year in retirement?
• How much should I contribute to my Roth IRA during my working years?
• How much should I convert from IRA to my Roth IRA in any given year?
• How much should I distribute from my taxable savings nest egg?

Every client wants to get the most out of their investments.  They want the highest possible returns with the least amount of risk. 

• Most investors own multiple accounts and products, purchased at different times, for different reasons, with little or no consideration of how those accounts may work together.
• The fact that a part of an investment’s growth is given up in taxes is often seen as unavoidable.
• There is a way to reduce the taxes paid on investments, capture more of the investment returns, without changing the investments themselves.
• Optimizing a portfolio’s asset location provides exactly that.
• Perhaps you should reconsider your asset location strategy.

What is asset location?

• The goal of investing should be to provide the highest after-tax returns across the entire portfolio.  It begins by placing the assets where they will be the most tax-efficient.
• By looking at the anticipated returns from each investment type, and then looking at the way they incur the least amount of taxes.
• This means you keep more of the portfolio’s returns, without changing the overall investments.

Improve your chances for more consistent returns over time. 

•  By investing in several different asset classes, you can improve your chances of participating in market gains, and lessen the impact of poor-performing asset categories on your overall portfolio returns.

Reduce overall risk.

• Portfolio diversification can reduce the amount of volatility you experience by simultaneously spreading market risk across many different asset classes.

Stay focused on your objectives

• A well-allocated portfolio alleviates the need to constantly adjust investment positions to chase market trends, and can help reduce the urge to buy or sell in response to the market’s short-term ups and downs.

• Asset allocation is the process of combining asset classes such as stocks, bonds, and cash in a portfolio in order to pursue a client’s financial goals.

• Taxes can wait
  • sheltering investment growth in tax-deferred accounts over the long term may result in more wealth for retirement.

Participating in your employer’s plan helps to automate your retirement savings through a “savings habit.”

• You may be eligible to receive an employer match for your contributions.
• Your plan offers you tax benefits
• Potential tax deduction
• Tax Deferral on the contributions
• You may be eligible to receive an employer match for your contributions.
• Your plan offers you tax benefits
• Potential tax deduction
• Tax Deferral on the contributions

Link to “Start Young” Content

Link to Dollar Cost Averaging

Why the Sequence of Returns is so Important to Retirees

• Most investors go through life making a series of periodic investments to their savings plan(s), which is called “Dollar Cost Averaging”

• Dollar-Cost Averaging is one of the most common forms of periodic investing.  It involves continuous investment of the same dollar amount at predetermined intervals.
• This strategy helps you continue to invest, even when the investments price levels fluctuate.
• In early years, because you have time on your side (hyperlink), your focus should be on accumulating shares and keeping the fees and investment-related expenses relatively low.

The Timing of Distributions Makes a Difference

• During retirement, the timing of investment returns can have a dramatic impact on your account.
• Withdrawing assets in a down market early in retirement can significantly impair your portfolio over the long term.

Dollar-Cost Averaging involves buying a fixed dollar amount of an investment or fund on a regular basis.  Instead of trying to invest only at the “right time,” make a commitment to invest and stick to the plan – regardless of what the markets are doing.

• What you spend at any point in your life is the key to understanding the impact of your current and future financial decisions.
• Having the framework to know how much and how you spend your money will provide you valuable insights to your current financial picture and your future financial plan.

We can help with your budgeting and analysis:

A written document with the purpose of providing meaningful direction and guidance for trustees and investment professionals regarding the selection and management of investment assets based on established and documented investment goals and objectives.

You should ask your Human Resources Director or the advisor on your plan.

• You should request such document(s) from your plan as, but not limited to:
  • Annual Plan Description
  • Investment Prospectus
  • Detailed Account Related Expenses in your account

• Typically, the characteristics of people who choose not to hire a professional to assist them with their individual set of needs are
  • Time – They have time to spend on their respective task(s).
  • Aptitude – They have the unique skills needed to accomplish their desired task(s).
  • Desire – They enjoy spending their time accomplishing the task(s).

If at any time, one of these three elements are no longer present in one’s life, they likely will choose to hire and delegate to a financial advisor.

This delegation allows them to spend their time in other ways that they so choose.

• The process helps provide personalized advice and direction that strive to put you in a better financial position.
• The world constantly changes and so do your personal set of circumstance, so we you make better financial decisions.
• Financial planning is more about managing behavior than managing money.

“No airplane can take off without a flight plan, no ship can set sail without a plotted course.” ~ Nick Murray.

Individuals acting in a fiduciary capacity are expected to provide services according to five basic principles of fiduciary duty:  

• Prudence 
• Loyalty
• Exclusive purpose
• Diversification
• Adherence

We invite you to experience a fiduciary relationship where your interests, goals, and objectives come first.

We invite you to experience a fiduciary relationship where your interests, goals, and objectives come first.

• Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of plans and their beneficiaries.
• Individuals acting in this capacity are expected to provide services according to five basic principles of fiduciary duty: Prudence, loyalty, exclusive purpose, diversification, and adherence.

A written document with the purpose of providing meaningful direction and guidance for trustees and investment professionals regarding the selection and management of investment assets based on established and documented investment goals and objectives.

• Effectively managing taxes over a lifetime requires a careful balance of your current income tax picture and a focus on income tax diversification. 
• Contributing to a Roth early in your career and shifting as your income increases to a pretax IRA or 401(k).
• Having a strategy for proactive Roth conversions in lower income tax years.
• Understanding the impact of your Required Minimum Distributions (RMDs) in retirement and how they would impact your income taxes.

• The Retirement Landscape
• Your retirement equation
• Social Security timing tradeoffs
• Maximizing your social security benefits
• Retirement spending and inflation

• How Roth IRAs fit into your:
  • Asset Allocation
  • Asset Location
  • Income Allocation

There are typically four options to consider when leaving an employer’s retirement plan, each with its benefits and considerations.

• Roll the retirement account into an IRA account (IRA Rollover).
• Leave the money in the former employer plan (if allowed by former employer).
• Move the assets to a new employer (if allowed by new employer).
• Withdraw balance of assets or “cash out” of plan.
• Convert all or part of the retirement account into a Roth IRA (Roth IRA conversion).

Converting a portion of your tax-deferred assets to a Roth IRA may be a planning consideration based upon your particular circumstances. 

• Each option has its advantages and disadvantages, but the decision should fit into your financial plan.

• To be sure that your investment allocation is appropriate.

• To review the current costs and fees associated with maintaining the plan.
• To review the current beneficiary arrangement(s) are in accordance with your wishes.

“Every night before I get my one hour of sleep, I have the same thought: ‘Well, that’s a wrap on another day of acting like I know what I’m doing.’ Most of the time I feel entirely unqualified to be a parent. I call these times being awake.”
—Jim Gaffigan

Pre-delivery planning

• Understand your health insurance and anticipate costs
  • Prenatal care
  • Childbirth classes
  • Maternity clothes
  • Crib
  • Car seat
  • Hospital costs (Group private insurance plans
    generally cover costs)
• Plan for paternity/maternity leave
  • Understand your companies’ policies and
    your state’s laws
• Draft your baby budget
  • Expenses in first years can be between
    $10,000 and $20,000/year*
• Choose a pediatrician within your insurance network
  Start a rainy day fund

While in the hospital

• Order a birth certificate and Social Security card

First 30 days

• Add your child to your health insurance
• Plan for child care
• Open college savings 529 plan

Beyond the first month

• Adjust your beneficiaries (life insurance/retirement
  accounts)
• Buy disability insurance
• Write or adjust will
• Fund retirement accounts

“In my house I’m the boss, my wife is just the decision maker.”

Financial Checklist for Married Couples

Buying a Home: Buyer’s Guide

“There’s no place like home.” —Dorothy Gale

1. Get a credit report
2. Set a budget
   • Monthly payments ≈ 25%-35% of monthly income
     • Principal, interest, taxes, and escrow program
3. Line up the down payment
   • 20%-30% of the home price
4. Find an agent
5. Search for a home
6. Make an offer
   • Base offer on at least three houses that have sold recently in the neighborhood
7. Enter contract and have lawyers review
   • Deal is contingent on:
     • Obtaining a mortgage
     • Passing a home inspection
8. Secure a loan
9. Get an inspection
10. Close the deal

• How long do you want to work versus need to work?
• What would early retirement look like?
• What are your retirement income needs?  (We can help with your budgeting!)
• What impact does working one more year have on my retirement plan?
• How does your social security election fit into your plan?
• Do you need help understanding the election tradeoffs?
• How will you spend your time?
• How does planning for income taxes play into your current decision making?

1. Embrace Market Pricing
2. Don’t Try to Outguess the Market
3. Resist Chasing Past Performance
4. Let Markets Work for You
5. Consider the Drivers of Returns
6. Practice Smart Diversification
7. Avoid Market Timing
8. Manage Your Emotions
9. Look Beyond the Headlines
10. Focus on What You Can Control

1 | Embrace Market Pricing

The market is an effective information-processing machine. Each day, the world equity markets process billions of dollars in trades between buyers and sellers—and the real-time information they bring helps set prices.

In USD. Source: Dimensional, using data from Bloomberg LP. Includes primary and secondary exchange trading volume globally for equities. ETFs and funds are excluded. Daily averages were computed by calculating the trading volume of each stock daily as the closing price multiplied by shares traded that day. All such trading volume is summed up and divided by 252 as an approximate number of annual trading days.

2 | Don’t Try to Outguess the Market

The market’s pricing power works against fund managers who try to outperform through stock picking or market timing. As evidence, only 18% of US-domiciled equity funds and 15% of fixed-income funds have survived and outperformed their benchmarks over the past 20 years.

The sample includes funds at the beginning of the 20-year period ending December 31, 2021. Each fund is evaluated relative to its primary prospectus benchmark. Survivors are funds that had returns for every month in the sample period. Winners are funds that survived and outperformed their benchmark over the period. Where the full series of primary prospectus benchmark returns is unavailable, non-Dimensional funds are instead evaluated relative to their Morningstar category index.
The sample includes US-domiciled, USD-denominated open-end and exchange-traded funds (ETFs) in the following Morningstar categories. Non-Dimensional fund data provided by Morningstar. Dimensional fund data is provided by the fund accountant. Dimensional funds or subadvised funds whose access is or previously was limited to certain investors are excluded. Index funds, load-waived funds, and funds of funds are excluded from the industry sample. Morningstar Categories (Equity): Equity fund sample includes the following Morningstar historical categories: Diversified Emerging Markets, Europe Stock, Foreign Large Blend, Foreign Large Growth, Foreign Large Value, Foreign Small/Mid Blend, Foreign Small/Mid Growth, Foreign Small/Mid Value, Global Real Estate, Japan Stock, Large Blend, Large Growth, Large Value, Mid-Cap Blend, Mid-Cap Growth, Mid-Cap Value, Miscellaneous Region, Pacific/Asia ex-Japan Stock, Real Estate, Small Blend, Small Growth, Small Value, World Large-Stock Blend, World Large-Stock Growth, World Large-Stock Value, and World Small/Mid Stock. Morningstar Categories (Fixed Income): Fixed income fund sample includes the following Morningstar historical categories: Corporate Bond, High Yield Bond, Inflation-Protected Bond, Intermediate Core Bond, Intermediate Core-Plus Bond, Intermediate Government, Long Government, Muni California Intermediate, Muni California Long, Muni Massachusetts, Muni Minnesota, Muni National Intermediate, Muni National Long, Muni National Short, Muni New Jersey, Muni New York Intermediate, Muni New York Long, Muni Ohio, Muni Pennsylvania, Muni Single State Intermediate, Muni Single State Long, Muni Single State Short, Muni Target Maturity, Short Government, Short-Term Bond, Ultrashort Bond, World Bond, and World Bond-USD Hedged. Index Data Sources: Index data provided by Bloomberg, MSCI, Russell, FTSE Fixed Income LLC, and S&P Dow Jones Indices LLC. Bloomberg data provided by Bloomberg. MSCI data © MSCI 2022, all rights reserved. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. FTSE fixed income indices © 2022 FTSE Fixed Income LLC. All rights reserved. S&P data © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Indices are not available for direct investment. Their performance does not reflect the expenses associated with management of an actual portfolio. US-domiciled mutual funds and US-domiciled ETFs are not generally available for distribution outside the US.

3 | Resist Chasing Past Performance

Some investors select funds based on their past returns. Yet, past performance offers little insight into a fund’s future returns. For example, most funds in the top quartile of previous five-year returns did not maintain a top-quartile ranking in the following five years.

This study evaluated fund performance over rolling periods from 2002 through 2021. Each year, funds are sorted within their category based on their previous five-year total return. Those ranked in the top quartile of returns are evaluated over the following five-year period. The chart shows the average percentage of top-ranked equity and fixed income funds that kept their top ranking in the subsequent period.
The sample includes US-domiciled, USD-denominated open-end and exchange-traded funds (ETFs) in the following Morningstar categories. Non-Dimensional fund data provided by Morningstar. Dimensional fund data is provided by the fund accountant. Dimensional funds or subadvised funds whose access is or previously was limited to certain investors are excluded. Index funds, load-waived funds, and funds of funds are excluded from the industry sample. Morningstar Categories (Equity): Equity fund sample includes the following Morningstar historical categories: Diversified Emerging Markets, Europe Stock, Foreign Large Blend, Foreign Large Growth, Foreign Large Value, Foreign Small/Mid Blend, Foreign Small/Mid Growth, Foreign Small/Mid Value, Global Real Estate, Japan Stock, Large Blend, Large Growth, Large Value, Mid-Cap Blend, Mid-Cap Growth, Mid-Cap Value, Miscellaneous Region, Pacific/Asia ex-Japan Stock, Real Estate, Small Blend, Small Growth, Small Value, World Large-Stock Blend, World Large-Stock Growth, World Large-Stock Value, and World Small/Mid Stock. Morningstar Categories (Fixed Income): Fixed income fund sample includes the following Morningstar historical categories: Corporate Bond, High Yield Bond, Inflation-Protected Bond, Intermediate Core Bond, Intermediate Core-Plus Bond, Intermediate Government, Long Government, Muni California Intermediate, Muni California Long, Muni Massachusetts, Muni Minnesota, Muni National Intermediate, Muni National Long, Muni National Short, Muni New Jersey, Muni New York Intermediate, Muni New York Long, Muni Ohio, Muni Pennsylvania, Muni Single State Intermediate, Muni Single State Long, Muni Single State Short, Muni Target Maturity, Short Government, Short-Term Bond, Ultrashort Bond, World Bond, and World Bond-USD Hedged. Index Data Sources: Index data provided by Bloomberg, MSCI, Russell, FTSE Fixed Income LLC, and S&P Dow Jones Indices LLC. Bloomberg data provided by Bloomberg. MSCI data © MSCI 2022, all rights reserved. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. FTSE fixed income indices © 2022 FTSE Fixed Income LLC. All rights reserved. S&P data © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Indices are not available for direct investment. Their performance does not reflect the expenses associated with management of an actual portfolio. US-domiciled mutual funds and US-domiciled ETFs are not generally available for distribution outside the US.

4 Let Markets Work for You

The financial markets have rewarded long-term investors. People expect a positive return on the capital they supply, and historically, the equity and bond markets have provided growth of wealth that has more than offset inflation.

In USD. US Small Cap is the CRSP 6–10 Index. US Large Cap is the S&P 500 Index. US Long-Term Government Bonds is the IA SBBI US LT Govt TR USD. US Treasury Bills is the IA SBBI US 30 Day TBill TR USD. US Inflation is measured as changes in the US Consumer Price Index. CRSP data is provided by the Center for Research in Security Prices, University of Chicago. S&P data © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. US long-term government bonds and Treasury bills data provided by Ibbotson Associates via Morningstar Direct. US Consumer Price Index data is provided by the US Department of Labor Bureau of Labor Statistics.

5 Consider the Drivers of Returns

There is a wealth of academic research into what drives returns. Expected returns depend on current market prices and expected future cash flows. Investors can use this information to pursue higher expected returns in their portfolios.

Dimensions of Expected Returns

Past performance is no guarantee of future results. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio.

Relative price is measured by the price-to-book ratio; value stocks are those with lower price-to-book ratios. Profitability is measured as operating income before depreciation and amortization minus interest expense scaled by book.

6 Practice Smart Diversification

Holding securities across many market segments can help manage overall risk. But diversifying within your home market may not be enough. Global diversification can broaden your investment universe.

Number of holdings and countries for the S&P 500 Index and MSCI ACWI (All Country World Index) Investable Market Index (IMI) as of December 31, 2021. S&P data © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. MSCI data © MSCI 2022, all rights reserved. International investing involves special risks, such as currency fluctuation and political instability. Investing in emerging markets may accentuate these risks.

7 Avoid Market Timing

You never know which market segments will outperform from year to year. By holding a globally diversified portfolio, investors are well-positioned to seek returns wherever they occur.

In USD. US Large Cap is the S&P 500 Index. US Large Cap Value is the Russell 1000 Value Index. US Small Cap is the Russell 2000 Index. US Small Cap Value is the Russell 2000 Value Index. US Real Estate is the Dow Jones US Select REIT Index. International Large Cap Value is the MSCI World ex USA Value Index (gross dividends). International Small Cap Value is the MSCI World ex USA Small Cap Value Index (gross dividends). Emerging Markets is the MSCI Emerging Markets Index (gross dividends). Five-Year US Government Fixed is the Bloomberg US Treasury Bond Index 1–5 Years. S&P and Dow Jones data © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. MSCI data © MSCI 2022, all rights reserved. Bloomberg index data provided by Bloomberg. Chart is for illustrative purposes only.
Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. Investment products are Not FDIC Insured, are Not Bank Guaranteed, and May Lose Value. Dimensional Fund Advisors does not have any bank affiliates.

8 Manage Your Emotions

Many people struggle to separate their emotions from investing. Markets go up and down. Reacting to current market conditions may lead to making poor investment decisions.

9 Look Beyond the Headlines

Daily market news and commentary can challenge your investment discipline. Some messages stir anxiety about the future, while others tempt you to chase the latest investment fad. When headlines unsettle you, consider the source and maintain a long-term perspective.

10 Focus on What You Can Control

A financial advisor can offer expertise and guidance to help you focus on actions that add value. This can lead to a better investment experience.

• Create an investment plan to fit your needs and risk tolerance.
• Structure a portfolio along the dimensions of expected returns.
• Diversify globally.
• Manage expenses, turnover, and taxes.
• Stay disciplined through market dips and swings.

Diversification does not eliminate the risk of market loss. There is no guarantee investment strategies will be successful. This information is for illustrative purposes only.

The Risk of “Safe Assets” is that you might end up running in place

How many millionaires do you know that have become wealthy by investing in savings accounts?
I rest my case.

Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.

The Risk of “Safe Assets” is that you might end up running in place

How many millionaires do you know that have become wealthy by investing in savings accounts?
I rest my case.

Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.

• Deciding when to claim benefits will have a permanent impact on the benefit you receive.

• Claiming before your full retirement age can significantly reduce your benefit, while delaying increases it.

• Planning for your benefit may only be half the picture, do you have a plan for your spouse’s benefit? (contact us)

• Delaying benefits means you should have increased Social Security income later in life, but your portfolio may need to bridge the gap and provide income until the delayed benefits are received.
• The decision to delay may be to protect a spousal benefit, as well as, just your own social security benefit.

You also may need to consider your potential portfolio returns and your life expectancy.

• We would be glad to assist with your evaluation. Contact Us Now!

• Together, we can create a financial plan in line with your goals, needs, and vision for the future. Learn more about Our Process.

• How long do you want to work versus need to work?
• What would early retirement look like?
• What are your retirement income needs?  (We can help with your budgeting!)
• What impact does working one more year have on my retirement plan?
• How does your social security election fit into your plan?
• Do you need help understanding the election tradeoffs?
• How will you spend your time?
• How does planning for income taxes play into your current decision making?

• The retirement landscape
• Your retirement equation
• Social Security timing tradeoffs
• Maximizing your social security benefits
• Retirement spending and inflation
• How Roth IRAs fit into your:
  • Asset Allocation
  • Asset Location
  • Income Allocation

The Risk of “Safe Assets” is that you might end up running in place

How many millionaires do you know that have become wealthy by investing in savings accounts?
I rest my case.

Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.

Risk Tolerance and Risk Profiling

Risk profiling is a process for finding the optimal level of investment risk for your client by balancing their risk required, risk capacity and their individual risk tolerance.

 

Risk Required

Risk Required is the risk associated with the return required to achieve the client’s goals from the financial resources available.

Risk Capacity

Risk Capacity is the level of financial risk the client can afford to take.

Risk Tolerance

Risk Tolerance is the level of financial risk the client is emotionally comfortable with.

• Transfer business or business interests to the next generation
• Provide business continuity during the transition.
• Provide potential retirement income as part of succession plan.
• Minimize gift and estate taxes, when possible.

• Long Term Care: Not just nursing homes – Many individuals will need long term care, which often starts with home care and may progress to assisted living or care in a nursing home.

• How your Long Term Care plan fit into your financial plan?

• Do you have adequate life insurance coverage?
• Do you want to provide for specific children?
• Do you have an interest in charitable giving?
• Do you have intentions of leaving certain assets to certain heirs?
• Have your planned for potential estate tax implications?
• How is your buy-sell funded? (If applicable)
• Do you need Long Term Care Insurance?

To better understand your Goals, Needs, and Vision for your desired Asset Transfer Plan.

Asset transfers plans usually need to established with the assistance of an attorney to create:

• A last will and testament (sometimes referred to as “a will.”)
• A revocable trust (sometimes called a “living trust”)
• An irrevocable trust
• A special needs trust

To take the time to ensure that you know who may inherit your legacy, which could span over a lifetime.

Generally, any account or insurance policy that has a beneficiary, such as, but not limited to:

• Individual Retirement Accounts (IRAs)

• Retirement Plans with current and previous employers.

• Life Insurance policies.

• Other insurance policies that have a beneficiary.

• Do you remember who are your beneficiaries?
• Have you named a contingent beneficiary?
• Do you have accurate information about your beneficiaries?

It can be very difficult for investors to be objective and unemotional when it comes to their money.

For that reason, we believe one of the best ways to determine your risk tolerance is to:

• Plan to stay invested
• Divide and conquer
• Build a plan
• Time-based segmentation

Plan to stay invested

• Trying to time the market is extremely difficult to do. 
• Market lows often result in emotional decision making.
• Investing for the long term while managing volatility can result in a better investment outcome.

Divide and Conquer

• Aligning your investment strategy by goal can help you take different levels of risk based on varying time horizons.
• This can help reinforce your saving habits to ensure you are saving enough to accomplish all of your goals – not just the ones that occur first.

Build a Plan

It may be useful to match dependable income sources with fixed retirement expenses while coordinating other investments with more discretionary expenses.

Time-Based Segmentation

• Aligning your time horizon with an investment approach may help you be more comfortable with maintaining diversified portfolio allocations throughout your accumulation years, as well as throughout your distribution years. Learn more about your Financial Timeline.

• Together, we should review your situation periodically, to ensure that your funds are balanced appropriately throughout your portfolio. Learn more about Our Process.

• Plan for longevity – You may need to plan on the probability of living much longer – potentially 30+ years of retirement, and a portion of your portfolio for growth to maintain your purchasing power over time. How does my spending and inflation impact my financial plan? ^FAQ

How can increasing costs impact my retirement picture?

• These increasing costs are sometimes referred to as inflation.
• Inflation can disproportionately affect retirees due to their spending habits, as well as, the price increases for their necessities.
• The rising cost of healthcare continues to be a concern as we continue to live longer.

To better understand your Goals, Needs, and Vision for your desired Power of Attorney Plan.

• Power of Attorney designations generally need to be established with the assistance of an attorney to create:
  • General Power of Attorney (sometimes referred to as “POA.”)
  • Durable Power of Attorney
  • Health Care Proxy
  • Advance Health Care Directive
  • Living will

• It is an opportunity to determine whether current beneficiary designations are consistent with your financial goals.

• Mistakes made when designating beneficiaries can be costly for you, your family, and those you care about, by impairing their ability to preserve, protect, and pass on their assets as they intended.

• The cost of care can have significant variations depending on where care is utilized.

• The average care needs don’t tell the whole story since some individuals won’t need care, some have a short-term need, and others will need significant care for more than 5 years.

• Long term care is not just nursing homes.
  • Many individuals will need long-term care which often starts with home care and may progress to assisted living or care in a nursing home.

• As part of our process, we can evaluate your current coverage and help facilitate a conversation about how your insurance fits into your needs, goals vision.

Sometimes investment firms create and use identical portfolios for their clients regardless of whether the account is a taxable account or tax deferred account. 

• Perhaps you may benefit from our asset location process.

• Life insurance takes on different roles throughout your life depending on your needs, desires, and circumstances.
  • Early Years
  • Managing Life’s Transition
  • Later Years

• Life insurance takes on different roles throughout your life depending on your needs, desires, and circumstances.
  • Early Years
  • Managing Life’s Transition
  • Later Years

• Life insurance takes on different roles throughout your life depending on your needs, desires, and circumstances.
  • Early Years
  • Managing Life’s Transition
  • Later Years