Growth and Protection
As you enter retirement you will face a number of risks such as inflation, taxes, longevity, and market fluctuations. It’s impossible to completely avoid all risks, but a comprehensive financial plan includes risk management strategies to minimize your exposure.
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We can help you to understand the risks you face and help you in choose the right asset allocations for your situation.
Asset Class Allocations
A key part of your risk management strategy is balancing your desire for growth versus your tolerance for potential losses. Your risk tolerance can likely change over time depending on your goals and your stage of life. We can help you develop the right mix of fixed income securities, equities, cash and other assets.
Declining Market Strategies
As you may have noticed, the stock market sometimes takes a big hit and losses can take a long time to recover. Smaller fluctuations are normal and expected, but these more significant events can drastically alter your retirement plans. While we can't predict the movement of the stock market, we do help our clients prepare for the inevitable and minimize losses when possible.
Asset Protection
In the event of a civil lawsuit or collection action, your assets can become vulnerable. Luckily, some asset classes are protected from judgments and creditors by state and federal law. We can partner with your attorney to shelter your assets by utilizing life insurance strategies, trusts, or a limited family partnership.
Asset Management
Different assets are treated differently under the tax code and you may be able to use diversification as a method of reducing your tax burden. We can help you identify assets that offer tax-advantaged income, have tax-deferral benefits, or help you avoid cumbersome capital gains taxes. As you can see, risk management involves a very big picture. We can help you analyze each part of your overall strategy so that they fit together to best protect your assets.
