Wealth Management

Build A Stable Foundation

Define top 3 – 4 financial objectives

• Purchase home, college savings, retirement planning

Develop a household budget

• Live within your means
• Pay tithes first, yourself second, creditors third

Make Savings a habit

• Establish an emergency savings account;
• Save for financial objectives/priorities

Expand career goals

Accumulate Wealth

Strengthen foundation

• Be persistent in saving & disciplined in spending; spending sacrifices will be required

Make retirement a priority

• Establish monetary goals for retirement
• Seek wise counsel, update retirement strategy

Rachett down investment risks

• Maintain well diversified portfolio; manage tactically, monitor progress
• Maintain protection for head of household; review all insurance every 3 years

Document all financial information & its location

• Insurance policies, investments, bank accounts, military records, employee benefit information

Plan Retirement

Seek wise counsel

Evaluate expenses for retirement

• Develop strategy for addressing monthly expenses – household, travel, healthcare needs
• Implement long term care strategy

Develop “tax efficient” income strategy

• Coordinate income from all sources – spouse, social security, pensions, investments

Develop strategy for aging parents

Consolidate assets

• 401(K) Options
• Pursue roth conversion,as applicable
• Rachett down investment risks

Reconfirm beneficiary designations on retirement accounts & insurance policies

Transition Wealth to Heirs

Seek wise counsel

Finalize/modify estate plan

• Will, power of attorneys, living will, stretch IRA

Develop estate tax strategy

Document all financial information & its location

• Insurance policies, investments, bank accounts, military records