Imagine Financial Security

For the last 2 years, we have been using Holistiplan to help our clients uncover tax opportunities, something that is virtually impossible to do at big box financial firms (compliance, corporate bureaucracy, lack of expertise, and lack of proper service models).

It's been one of the biggest 'value-adds' to help with one of our core financial planning principles...

"Minimize your lifetime tax bill."

As a result of these discussions, we've had clients asking us over and over... "Are you going to offer TAX PREPARATION services?" (borderline begging us to).

Our answer has always been, "No, but perhaps someday."

Based on the demand for a "One-stop-shop" for Investment Management, Comprehensive Financial Planning, Tax Planning AND TAX PREP, it looks highly probable we are heading in that direction.

More to come on this very soon!

Happy Independence Day! 🇺🇸

We work with clients on both sides of the political aisle. However, we have noticed an uptick in the concerns about not only the markets, but about the stability of our country.

This post is not to stir up a political debate...as an American, I always pray for the safety and security of our country and our citizens regardless of who is in office.

However, one of the hot topics that comes out during these periods of volatility is "WHERE IS MY RETIREMENT INCOME COMING FROM?"

This is why annuities are so valuable during times of volatility...nobody who has an annuity income stream is calling me saying, "Kevin, I wish all of my income was tied to the stock market right now..."

However, perhaps because of personal preferences, financial priorities, or risk tolerance, buying an annuity wasn't in the cards.

Well...Social Security is an annuity that most of our clients are eligible for in retirement.

Perhaps your plan was to DELAY Social Security as long as possible....

As Mike Tyson famously said, "Everyone has a plan until they get punched in the face."

What if the markets punch your portfolio in the face? Will you continue to bleed down your investments?

If for no other reason than sleeping well at night, claiming Social Security earlier than you had initially planned is certainly an option worth considering. However, the decision should not be taken lightly, and you should TRY your best not to make the decision based on emotions.

However, I'd much rather my clients have peace of mind than worrying about the security of their retirement income on a daily basis.

Thoughts on Social Security as a portfolio volatility buffer?

Warren Buffett suggested that you read your will with your adult children.

Do you agree? Disagree?

I dive into this for next week's podcast episode.

Legacy is not about how much you leave behind but about HOW you are remembered.

I do believe this courageous conversation can potentially save families from being ripped apart. Yet, most of the retirees I come across have NOT yet taken this advice.