The 13 Wealth Management Issues 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 ManagementConstructionAsset AllocationTax EfficiencyRisk ToleranceCustomized 2. Insurance Risk ManagementHealth / MedicareLong Term CareLifeDisabilityUmbrellaLiabilityAnnuities 3. Liabilities DebtHomeEducationVehiclesRentals, BuildingsEquipmentPersonal LoansCredit Cards 4. Retirement Plans Accumulation and Distribution401k, 403b457Public PensionsIRA'sDB PlansSocial Security 5. Stock Options Employer Granted Stock OptionsQualifiedNon-QualifiedPlan to Exercise 10b5-1 ProgramCashless Stock Option Exercise 6. Business Succession Transfer PlanningESOP PlansTo FamilyTo EmployeesInvestment Banking 7. Durable Power of Attorneys Designate POAsDetermine POAsLocation of DocumentsMedical POAFinancial POA 8. Gifting During Life Children or Grandchildren529 PlansUTMA/UGMA Custodial AccountPay directly to schoolEducation Trust 9. Charitable Giving During Life Philanthropic CausesImpactful GivingLegacy PlanningGifting Now vs. Upon Passing 10. Titling of Assets Asset Titling and Beneficiary DesignationsAvoid ProbateJTTENTrust and TrusteesIRA's, 401, etc. 11. Executor - Successor Trustee Advanced DirectivesTrustsWills / Living WillsPower of Attorneys (Medical & Financial)Guardianship 12. Distribution of Assets Upon Death Legacy PlanningLegacy GoalsPass-on to Next Generation(s) 13. Charitable Giving Upon Death Legacy PlanningIdentifying Your CausesLegacy GoalsPass-on to Next Generation(s) AGING PARENTS Discuss their retirement plans, earlyPlan for long term careReview and update existing policiesInvolve siblings, familyPlan your retirement INCOME TAX PLANNING Maximizing DeductionsManaging Realized Gains/LossesLowering RatesTax CreditsOverarching To All 13 Issues "Help Me Help You." - Jerry Maguire Have a Question? Name Email Address Phone Question Thank you! Oops!