Complex Financial Planning

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Today’s society is one of instant gratification. We are continuously connected.  We have drugs to accomplish many things when it comes to our health and it may be monitored in real time from our smart-watch or smart phone. We may jump on a jet and be anywhere in the country in a matter of hours. Yes, we even have the technology to prepare a Wealth Plan, quickly. Is instantaneous necessarily the best? This is a list of the most asked Financial Planning Questions:

  1. Do we have enough money to last during our lifetimes while maintaining our standard of living?
  2. When may I stop working for a paycheck?
  3. Do I have enough assets to leave a legacy for our children and grandchildren?
    1. If yes, how much and when is the appropriate time to give it away?
  4. Is my estate structured properly to minimize estate and income tax liabilities?

The first thing to understand about Wealth Planning is that it is a lifelong process, which means it is never complete. There is no instant gratification. You are on a journey and it won’t necessarily end at your death. Your plan will update every day based upon changes in:

  • Employment
  • Asset values
  • Circumstances
  • Desires

A plan to review cash-flow may be relatively simple. However, depending upon the ultimate objectives, financial plans may be very complex. They may also take a significant amount of time to work to their maximum effectiveness, especially when it comes to estate planning. There are annual and lifetime limitations on what may be transferred. It is certainly not instantaneous. However, there is confidence in knowing the plan is in process and working toward your ultimate objective.

In preparation of your Golden Years, do you want to be monitoring changes in the law and figuring out what type of taxable income to take and when? Or determining the amount and timing of transferring assets to heirs including the optimal structure to use for the transfer? Are your heirs ready to receive a potentially life altering, lump-sum of assets? How much is enough but not so much that your heirs accomplish not much? In the world of Complex Financial Planning, our firm is here to help. Call your Wealth Advisor or a member of the Wealth Enhancement group today to start planning process and help you answer the most asked Financial Planning Questions.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Tips to Help You Stay Strong During Market Volatility

It’s almost impossible not to feel anxious at the dips and dives the stock market has been taking recently, compounded by relentless inflation-focused headlines. That’s why you might be surprised to learn there’s a lot of positive news to be had, despite the market uncertainty. 

529s, Roth IRAs and Other Strategies for Your College Savings Plan

By Craig Lemoine, Director of Consumer Investment Research   I often find college savings at the top of my pile of financial stressors. Unless I find a money tree in my backyard, my oldest child is going to turn 18 well before I retire. We all have different values surrounding the educ …

To Give Now or Give Later?

Tom Fridrich, Senior Wealth Planner    You’re in a good position in your life. You’ve built up your wealth, perhaps from a successful business or working in corporate America. You might feel it’s time to start winding down and that you’re in a place where you’re figuring out whether to tran …
1 2 3 88 89 90

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation