We offer services in many areas of financial planning to make sure that we encompass all of your needs. A combination of financial products and services typically work together to create your plan. Read more on these services below.
No one wants to pay more money in taxes than they have to. With tax planning, we can utilize certain financial products that can minimize how much you pay in taxes. There are many strategies that operate to help you save money in taxes during retirement. We would love to help assist you in navigating all of the tax rules to maximize how much of your hard-earned money you get to keep in your pocket.
WEALTH MANAGEMENT
At Wealth & Risk Management Advisors, LLC, we want to ensure that all of your wealth is protected. We pride ourselves on minimizing losses and building wealth. In order to build, we need to manage your pre-existing wealth and make sure we are using the correct products and services to take care of it. There are understandable concerns with any financial decision, here we will make sure that everything is working properly for you.
We are living in a time where the stock market seems to be exceptionally volatile due to world events, politics, and ordinary market fluctuations. We aim to customize our investment programs to match your particular investment objectives. Our fundamental investment approach is to create a portfolio that is appropriate for you. We also help you take advantage of all the tax-savings opportunities available.
With fewer and fewer companies offering pensions and defined benefit plans, it’s become rarer and rarer for anyone to have a future income stream that he or she can rely on during retirement. Several financial products, like annuities, provide an investor the opportunity to solve that problem by creating his or her own personal pension.
RETIREMENT PLANNING
As you approach retirement, we can evaluate your existing retirement accounts – pension, IRAs, SEPs, 401k plans, annuities – and make recommendations for generating income from these accounts. We can also provide an overview of the options you have available for taking distributions from these accounts, and advise you on the most effective way to convert these assets into a steady income stream in retirement.
Typically, waiting as long as possible to claim Social Security benefits will maximize the payout. However, did you know that factors, such as how many years you worked, how much money you make, and more, actually impact your Social Security. We will discuss what you need and how Social Security can be optimized for your specific situation.
Annuities are arguably the most common, most utilized, yet most misunderstood financial products available to consumers today. In fact, most investors have no idea that there are actually four very different and unique types of annuities available to them. Instead, most people have been misled by both the media and certain financial personalities who misrepresent and lump all annuities together as if each one works exactly the same.
We offer cutting-edge and versatile products that not only provide a death benefit, but can also accumulate cash value. Examples include whole life insurance, universal life insurance, and variable life insurance. Each type has its own unique characteristics and traits, but the goal for each is to provide your loved ones with a sense of financial security should you die prematurely and also accumulate as much cash value as possible for you to tap into on an income-tax-free basis. More and more people are buying cash value life insurance because of the tax efficiency it offers.
Long-term care is utilized when someone requires help with everyday living or has a severe cognitive impairment. These plans are often viewed as “too expensive” when there is no guarantee that you will even need one. However, many don’t realize that in addition to covering unforeseen costs, these funds can also be used towards things such as in-home nursing or physical therapy.
Medicare programs can be extremely beneficial for retirees who are trying to maximize their finances at this stage in their life. Learn how to qualify for Medicare and if this option is right for you. We work to provide insurance quotes that can provide you a deeper understanding of how Medicare works.
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NAVIGATION
We look forward to meeting you and seeing how we can assist you with your retirement plan.