Monitor your portfolio - Conduct investment checkups on your own and with us.
Maintain emergency savings - We recommend keeping an emergency fund with enough money to cover living expenses for three to six months. Keep emergency funds in a liquid account you can easily access if needed.
Set an appropriate asset allocation - Investments are fluid. Some are more volatile, but all can be affected by market fluctuations. Adjust your assets to align with your current goals and tolerance for risk.
Itemize your income plan - Understand where your retirement funds will come from. List out all sources, such as Social Security and pensions. For each item, list how it might generate income for your portfolio.
Clean up your accounts - Consider consolidating accounts. You’ll not only have less paperwork, you can help keep an eye on your asset allocation and overall investment strategy. We can talk about your choices and what might make the most sense for you. Please keep in mind that rolling over your qualified employer sponsored retirement plan (QRP) assets to an IRA is just one option. Each option has advantages and disadvantages, and the one that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses and services offered. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with a QRP. We recommend before taking any action, speak with your current retirement plan administrator and tax professional.
Sell assets strategically - Selling assets can have tax implications. Proceeds could nudge you into a higher tax bracket. Balance the concern of minimizing taxes when you’re selling assets with your portfolio’s allocation strategy. Talk with us about the choices you have in this situation.
Talk with family - Partners and spouses should be on the same page regarding your financial portfolio. Cover some key financial details:
If you were sick, injured or died, would your family have the resources to achieve their goals?
Help cover unpredictable financial risks through insurance.
Life, disability, and long-term care insurance help cover risks that could disrupt your investment plan.
Research the costs associated with skilled nursing care, adult day care, and other services.
Understand your annual expenses to help ensure you have the proper disability and life insurance coverage.
Evaluate how your needs may change over time.
Call us to see how insurance can play a role in your retirement planning.
Insurance is valuable for employees and owners.
Owners get to retire, too.
You can begin planning now for retirement, selling your company, or the event of your death.