9 Wealth Management Issues
1. Investment Management *
Vickie works with clients to create an investment strategy that is designed to identify goals and dreams and meet their unique objectives. Each Wealth Management plan is created to suit your goals, comfort level, expectations, and the effect of taxes on your portfolio. Regular and on-going communication is the key as the plan evolves and your portfolio changes. Continued review and monitoring of the portfolio including rebalancing as needed.
2. Cash Flow & Debt Management
Cash flow is at the lifeblood of every Wealth Management plan. Vickie works with clients to identify where their cash is going each month and evaluate potential opportunities to improve their cash flow through tax strategies and proper debt management.
3. Tax Planning and Preparation
Tax Planning is the cornerstone of a sound financial plan. After all, it's not what you earn, it's what you keep. Without a proactive plan based on current tax laws and mindful of 'on the horizon' changes, no Wealth Management Plan can be operate at maximum efficiency. We are specialists in the area of taxation.
4. Family Risk Management
Even the best investment and financial plans can crumble if you have not properly prepared for the risks that exist for every family. Although these grim possibilities are unpleasant to discuss, disability, death, or a long-term-care need can wipe out years of careful planning and investing. Vickie works with clients’ current risk plans to determine if they are adequate as well as plan for the future.
5. Retirement Planning
Vickie calls this 'the new longevity and the income crisis'. People entering retirement are facing concerns that retirees simply did not face 20 years ago. Retirement funding is now mostly accumulated by savings. Gone are the days of employer funded retirement plans. Clients nearing retirement face the dual dilemma of aging parents and college aged children. Therefore, it is important to have a realistic vision of what retirement means and what it will take to reach that goal. Many things need to be addressed besides the level of assets needed to fund your vision of retirement including potential tax implications and risks that can stand in the way of realizing that vision.
6. Education Planning
As parents and grandparents we all yearn to have our children achieve more than we did. A college education can be the most important factor in that dream becoming a reality . And in this age of technology and specialization, most students continue on to Graduate school. Let us help you understand how savings will affect a child’s or grandchild’s ability to qualify for financial aid, as well as the implications for income, gift, and estate tax situations. Create an education plan that does not compromise your progress in the other wealth management issues or their tax situation.
7. Legacy Planning
A legacy plan ensures that the financial goals you had for your love ones will happen at the time of your passing. Having a plan in place reduces stress and the red tape that goes along with losing a loved one. An up to date estate plan will help loved ones avoid significant financial burdens during a very emotionally devastating time. Vickie will help you create a legacy plan that minimizes the estate taxes and maximizes the amount of money going to beneficiaries.
8. Business Planning
Business owners must evaluate and implement strategies that not only protect their business, but also take advantage of opportunities that could improve the cash flow, tax situation, benefits and bottom line of their business. What would happen to your business should one or more key individuals become ill, or pass away unexpectedly? Could your business withstand the loss of revenue or loss in business value that takes place while struggling to replace a valuable part of the team?
9. Special Situations Planning
What about the unexpected? Experiencing an impending life transition? Special Needs Planning, Divorce planning, even happy events like winning the lottery all need a financial plan.
"Everyone who got to where he is, had to begin where he was". Let Vickie assist you whereever you are in your planning process.
*These services are offered by Vickie Adams through her affiliation with H.D. Vest Investment Services SM and H.D. Vest Advisory Services SM.
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