Financial Resource Management

Transitions

Investment Strategy Review

Investment Management

Tax-Qualified Plan Review

Insurance Protection Analysis

 

Investment Strategy Review

How is your investment strategy working out?  What should you do with existing or anticipated investments?  How would you manage the following?

  • Lump sum retirement rollovers
  • Insurance or divorce settlements
  • Proceeds from the sale of a home or business
  • Inheritances
  • Lottery winnings
  • Employment bonuses

Ultimately, investments will provide income – whether to you, your creditors, your heirs, or the IRS.  Which investment should you take income from?  How can you control taxes in both the accumulation and distribution phases of your investment strategy?  Will you have enough to support your lifestyle for the remaining lifetime of both you and your spouse?  How much of your investment portfolio is set aside to cover the expenses of a long term illness?

These and other important issues should be reviewed periodically as your situation and economic conditions change significantly.  Our Investment Strategy Review provides the following for you:

  • Discovery of values-based goals (Who do you want to benefit and why?  What do you want to happen?)
  • Summary of Prioritized Goals with
    • Time frame
    • Money needed
  • Feasibility Analysis for achieving goals
  • Existing Portfolio Asset Allocation
  • Investment Risk Analysis
  • Current Balance Sheet
  • Account Ownership Review
  • Estate Distribution of Accounts
  • Analysis of current situation (What may happen - without changes?)
  • Consideration of special needs
  • Discussion of Income Tax Control Options
  • Proposed Investment Policy Statement

Why not verify that your investments are positioned as effectively as they could be and see how your current strategy may impact your retirement goals and lifestyle by participating in the secure, interactive financial planning lab that seems most appropriate for your current stage in life?

 

Investment Management

Have there been any significant changes in your life or the general economic picture that might require adjustments in your investment strategy?  How long has it been since you last updated your risk profile and allocated your portfolio according to your risk tolerance?  Are your investments still on track to accomplish your specific goals?  If adjustments should be made, how can your taxes be minimized?  Can you see all of your accounts by logging into a single website?

These services are offered on an as needed basis for clients who have completed the Investment Strategy Review, and for whom Transition Planning, Inc. manages more than $1,000,000:

  • Update Prioritized Goals with
    • Time frame
    • Money needed
  • Feasibility Analysis for achieving goals
  • Comment on Market and Economic Conditions
  • Review of Account Statements & Activity
  • Review of the Investment Policy Statement
  • Discussion of Income Tax Control Options
  • Recommended Adjustments
  • Quarterly Report Includes:
    • Goal Summary and Feasibility Analysis
    • Current Balance Sheet
    • Portfolio Asset Allocation

This service includes unlimited access to planning software aggregated daily with institutions where accounts are held.

Why not verify that your investments are positioned as effectively as they could be and see how your current strategy may impact your retirement goals and lifestyle by participating in the secure, interactive financial planning lab that seems most appropriate for your current stage in life?

 

Tax-Qualified Plan Review

There are many significant tax traps you may be able to avoid with tax-qualified retirement accounts.  Do you have the right retirement plan based on your retirement goals?  Has it been disqualified by a prohibited transaction or activity?  Is your Inherited IRA titled correctly?  Are you using the correct Required Minimum Distribution (RMD) factor?  How much of your IRA did you plan to give to the IRS?  What percentage might your heirs actually receive?

A simple mistake can give more of your IRA assets to the IRS than you ever intended.  Being aware of the issues is critical.  Transition Planning, Inc. offers a comprehensive analysis of your retirement accounts to verify that no serious errors have been made, and that these accounts are designed and managed to most effectively accomplish your financial goals.  The analysis includes the following:

  • Discovery of values-based goals (Who do you want to benefit and why?  What do you want to happen?)
  • Examination of retirement account
    • Type
    • Title
    • RMD Calculations (if applicable)
    • Disqualification Actions
    • Disqualified Assets
    • Accumulation Goals
    • Income Strategy
    • Distribution Goals (upon death)
    • Tax Issues
  • Analysis of current situation (What may happen - without changes?)
  • Consideration of special needs
  • Feasibility of financial goals
  • Risk Profile Discussion
  • Investment Strategy Review
  • Recommendations to Consider
  • Collaborative Referral to other professionals as needed for
    • Drafting trust documents
    • Updating other estate plan documents

What good would it do to inadvertently lose a significant portion of your retirement funds to taxes after years of effort to pile it up for your own financial security?

Make sure that your retirement funds are as secure as they could be from the IRS by being titled, designed, operated, and distributed correctly.  To more clearly see how your tax-qualified plans will profoundly impact your retirement goals and lifestyle, participate in the secure, interactive financial planning lab that seems most appropriate for your current stage in life.

 

Insurance Protection Analysis

Life involves many kinds of risk.  Some may be easily borne while others can destroy your plans.  Insurance may be an effective way to discount your cost by spreading the risk among a much larger base.  The following process will help identify your exposure to risks that may hurt you or your family and make sure they are adequately covered.

  • Discovery of values-based goals (Who do you want to benefit and why?  What do you want to happen?)
  • Determination of existing and future income sources and amounts
  • Review of existing insurance policies
  • Examination of risks covered
    • Personal
      • Income                    Investments
      • Other Assets           Liabilities (debt/legal)
      • Health                     Death
    • Business
      • Key Employee Retention
      • Key Employee Replacement (death/disability)
      • Overhead Expenses  
      • Business Liabilities
      • Other Business Assets
  • Discussion of risks not covered
  • Evaluation of funding alternatives for uncovered risks
  • Implementation of acceptable solutions for uncovered risks

Why not make sure that there are no significant cracks in the foundation of your financial plan and evaluate the strength of your plan to support your retirement goals both with and without adequate protection by participating in the secure, interactive financial planning lab that seems most appropriate for your current stage in life.