RETIREMENT PLANNING

Retirement planning today has taken on many new dimensions that never had to be considered by earlier generations.  For one, people are living longer. A person who turns 65 today could be expected to live as many as 20 years in retirement as compared to a retiree in 1950 who lived,  on average, an additional 15 years. Longer life spans have created a number of new issues that need to be taken into consideration when planning for retirement.

ESTATE PLANNING

People spend a lifetime accumulating assets and building an estate with the intention of passing it on to their heirs or charitable beneficiaries. Without proper planning, a person’s death can create significant hardships on the people for which the estate was created. 

For an estate to be passed on to the heirs, there could be settlement costs, such as probate fees and death taxes.   In some cases, where the death taxes are substantial, assets may have to be liquidated in order to pay them. Also, the actual transfer of assets could be delayed by probate proceedings that are bogged down if there are any contestable assets. 

CHARITABLE GIFTING AND LEGACY PLANNING

We strive to assist the charitably inclined family, individual, or business by creating a tax efficient gifting plan that also maximizes the value of the gift to the beneficiary. We will create the correct portfolio asset allocation and framework to make this process seamless for all parties. Let us help you create a legacy that for generations to come will be proud of.

COLLEGE EDUCATION PLANNING

As the cost of a college education continues to rise, outpacing the rate of inflation, it is becoming beyond the reach of most people unless they have planned early on.  For people starting a college savings plan today, questions arise as to the best way to save.  For such an important and long term goal, it pays to do some research when selecting a plan.

There are many factors to consider when selecting a college savings plan. As with any savings goal, individual factors such as time horizon, risk tolerance, investment preferences and tax situation need to be considered and weighed in order to select the most suitable savings plan.  In addition, special consideration needs to be given to who will actually own the college funds as the decision is likely to impact the availability of financial aid in the future.