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Broker Check

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