Risk Management

Often, when people hear the word “risk,” they immediately consider asset allocation. Undoubtedly, conversations about risk and reward help to guide us in designing investment portfolios that are tailored to each client. Aside from portfolio volatility, however, there are other risks that we aim to uncover. We define risk as the difference between what was expected to happen, and what actually happened. No one expects to die prematurely, suffer a life-altering disability, or get sued for a family member’s action that puts the family’s hard-earned assets at risk. We argue that strategies for asset protection are at least as important as those for asset allocation, and we will offer an extra set of trained eyes to uncover any risks and help our clients plan accordingly for them.

Insurance Analysis

One of the pillars of our thorough review is PROTECTION—ensuring that our clients’ financial security isn’t jeopardized by undesirable or unplanned events. With our clients’ help, we closely review each type of insurance coverage they have in place. If our clients are in need of obtaining, replacing or updating life insurance, disability insurance, health insurance, or long-term care insurance, we help facilitate that need. Our planners are completely independent, so they represent their clients—not an insurance company—when it comes to obtaining coverage. Our planners understand each company’s different product offerings and underwriting guidelines, so they can help save their valued clients time and money by connecting them to the right resource.

Life and Disability Insurance

Life insurance is an important part of a complete financial plan. It protects your heirs in the event of your death, and it can protect you in the event of a disability as well. We can help you determine which type of coverage best suits your needs. We provide access to a variety of life insurance products, including term life, whole life, universal life, variable life, survivorship, and single premium life insurance.

We also offer disability insurance. Many people purchase life insurance to protect their families should they die prematurely, but according to data from the Society of Actuaries, people in their working years run a greater risk of being disabled than they do of dying. We can help protect your income from this pertinent risk by exploring a variety of disability insurance options that are tailored to meet your unique needs.

A fixed annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or a series of payments. In return, the insurer agrees to make periodic payments immediately or at some point in the future. Fixed annuities typically offer tax-deferred growth of earnings. Often, they are used as a retirement planning tool to provide a guaranteed stream of income or specified death benefit to your beneficiaries. The guarantees are based on the claims paying ability of the insurance company.

Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59½ are subject to 10% IRS penalty and surrender charges may apply.

Long-Term Care Insurance

It is likely that you will need to pay for nursing home, assisted living, or home healthcare services one day. In fact, more than half of the U.S. population will require long-term care at some point in their lives. Unfortunately, this kind of care is expensive and Medicare does not cover most long-term care costs. We can help you protect yourself against long-term care expenses with coverage that’s tailored to address your needs.

Lifetime Income Strategies

We help our clients save and invest in their working years for the ultimate goal of creating reliable and sustainable income streams in retirement. Our planners work with each client or family to understand sources of income that are available, and then will help devise a plan to maximize potential income. We will aim to establish effective yet flexible plans that can be amended if assumptions on market performance, employment, health, family dynamics, or expenses don’t hold true.