Building a Nest Egg

The Accumulation Years

You’re settled down and in the stage of life where you can best position yourself for the next stage of life. This is the stage where you will accumulate most of your wealth. How you handle the financial details will help determine whether you achieve your dreams and goals. You’ve answered many questions, but new ones arise.

How can I protect my wealth? Have I made the right investments? Is the level of risk in my portfolio too high? What levels and types of insurance will adequately protect the family and our lifestyle? Am I paying too much in taxes? Will the education funds for my children be sufficient to match rising tuition costs? Is my health care a consideration in my financial plan? What if I change jobs or even careers – what do I do with my 401(k)? Maybe I’ll start my own business – how does that fit into my overall financial situation? Is there a more efficient debt structure available?

You’ve done well. You’ve made good decisions for yourself and your family up to this point. To stay on track with reaching your goals, it’s important to review and revisit how your current assets and investments match up with your current situation. Considering not only your objectives, but also the economic climate, tax regulation, and your time horizon, we help refine your plan so you stay on course toward a happy, less stressed financial future.

Key Areas of Focus:

  • Investments & Retirement Planning: Review savings to date to determine savings needs going forward and the most appropriate investment vehicles. Additionally, review diversification and allocation of existing investments with a focus on wealth accumulation and protection against the five threats we consider most concerning for to investments.
  • Tax Planning: Review tax position and implement strategies to reduce tax burden considering new and changing tax law. Analyze the current and future tax implications of your investments. Identify strategies to help minimize taxes as you accumulate assets for your future.
  • Risk Management: Review protection needs, evaluate existing policies, and determine solutions to protect your and your family’s standard of living in the event of disability, long-term care need, or death.
  • Education Planning: Review college savings considering increasing tuition rates and likely qualification for financial assistance. Identify strategies to support other education savings goals, including private K-12 schooling or continuing education for any member of the family.
  • Estate Planning: Define estate planning needs, including both financial and legal requirements to pass assets efficiently and with reduced tax burden. Review beneficiaries. Working in partnership with an estate attorney, ensure all documentation is complete and accurately reflects desired beneficiaries and plans.