Broker Check

The 13 Wealth Management Issues

Balancing the Scale

All things financial go on the scale.  

It is a balancing act. 

One issue changes, all issues are impacted.

The scale is now out of balance.

I help clients understand the impact of each financial decision or event in order to make informed decisions. 

We utilize the 13 Wealth Management Issues approach.

The 13 Wealth Management Issues most crucial to every client

1. Investments

Investment Portfolio Management

  • Construction
  • Asset Allocation
  • Tax Efficiency
  • Risk Tolerance
  • Customized

2. Insurance

Risk Management

  • Health / Medicare
  • Long Term Care
  • Life
  • Disability
  • Umbrella
  • Liability
  • Annuities

3. Liabilities

Debt

  • Home
  • Education
  • Vehicles
  • Rentals, Buildings
  • Equipment
  • Personal Loans
  • Credit Cards

4. Retirement Plans

Accumulation and Distribution

  • 401k, 403b
  • 457
  • Public Pensions
  • IRA's
  • DB Plans
  • Social Security 

5. Stock Options

Employer Granted Stock Options

  • Qualified
  • Non-Qualified
  • Plan to Exercise
  • 10b5-1 Program
  • Cashless Stock Option Exercise

6. Business Succession

Transfer Planning

  • ESOP Plans
  • To Family
  • To Employees
  • Investment Banking

7. Durable Power of Attorneys

Designate POAs

  • Determine POAs
  • Location of Documents
  • Medical POA
  • Financial POA

8. Gifting During Life

Children or Grandchildren

  • 529 Plans
  • UTMA/UGMA Custodial Account
  • Pay directly to school
  • Education Trust

9. Charitable Giving During Life

Philanthropic Causes

  • Impactful Giving
  • Legacy Planning
  • Gifting Now vs. Upon Passing

10. Titling of Assets

Asset Titling and Beneficiary Designations

  • Avoid Probate
  • JTTEN
  • Trust and Trustees
  • IRA's, 401, etc.

11. Executor - Successor Trustee

Advanced Directives

  • Trusts
  • Wills / Living Wills
  • Power of Attorneys (Medical & Financial)
  • Guardianship

12. Distribution of Assets Upon Death

Legacy Planning

  • Legacy Goals
  • Pass-on to Next Generation(s)

13. Charitable Giving Upon Death

Legacy Planning

  • Identifying Your Causes
  • Legacy Goals
  • Pass-on to Next Generation(s)

AGING PARENTS

Discuss their retirement plans, early

Plan for long term care

Review and update existing policies

Involve siblings, family

Plan your retirement

INCOME TAX PLANNING

Maximizing Deductions

Managing Realized Gains/Losses

Lowering Rates

Tax Credits

Overarching To All 13 Issues

"Help Me Help You." - Jerry Maguire

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