The investments that are right for you are those that support your short, intermediate, and long-term goals as well as support your risk tolerance and liquidity needs. Our advisors will help to make sure that your investments match your level of risk and are placed in the right investment strategies depending on when you will need to access your assets.
Taxes are unavoidable, but you can minimize your taxable income or defer taxes by contributing to retirement plans like 401(k), 403(b), 457, IRAs, or to deferred compensation plans or annuities. Roth IRAs, 529 plans, and insurance strategies can be used for tax-free growth; tax-efficient investments—such as tax-free municipal bonds, individual stocks, and exchange traded funds—within your non-qualified accounts can minimize your yearly tax bill.
These are common questions that we help our clients answer. But if you don’t have an advisor, find a retirement calculator that will take into consideration all the pertinent information such as current assets, liabilities, savings, future expenses, growth rates, inflation, risk profile, taxes, income sources, and other factors. Accurate assumptions will help determine a realistic retirement goal.
You can start taking your Social Security at age 62, but each year you wait until age 70 your benefit increases. There are pros and cons to taking your social security early. Consider talking to our advisors to see whether waiting until age 70 to start drawing your social security makes the most sense for your situation.
There are many things that factor into Social Security entitlement for the divorced and widowed, like remarriage, what you earned from working separately from your spouse, and the age at which you wish to receive benefits. A good financial planner can help you sort through the issues and explain the drawbacks or benefits of your various options.
The amount of insurance will depend on whether you are trying to protect your goals and/or trying to protect the maximum income that would be lost due to a premature death. There are many types of life insurance policies that have varying costs. We help our clients determine which policy fits with their unique situation.
Disability and long-term care insurance will help protect your income and/or preserve your assets should an unexpected accident, injury, or illness occur. Your employer may provide disability insurance but you will need additional private insurance if you want to protect the maximum income lost while you are disabled. Not all employers provide long-term care insurance policies. We will review affordable long-term care options that can help provide a pool of money to support your expenses. Disability planning and long-term care planning are essential when we help our clients put together a comprehensive plan.
Efficient transitions start with what goals you want to accomplish. Family meetings are recommended to have open conversations about your wishes. If everyone is on the same page before and after a transition occurs, the higher is the likelihood of maintaining a cohesive family unit. Some tools that can be used are: revocable or irrevocable trusts, family limited partnerships, life insurance, charitable remainder trusts, lead trusts, and various others. We work with our clients and their tax accountants and attorneys to put together an efficient estate plan.
Many of our clients want investments that reflect their core values and beliefs. We have many socially responsible investing (SRI), biblically responsible investing (BRI), or fully customized investment solutions that align with your values and investment preferences. Talk to our advisors on the various investment screens available.
5201 Great America Parkway, Suite 320
Santa Clara, CA 95054