Every dollar counts when you’re planning to sustain an income that will last your lifetime.
Our focus when managing portfolios that support a retirement income is eliminating what we consider unnecessary fees and risks. We consider it wasteful to incur fees to time markets and we consider it risky to limit investing to concentrated positions or sectors.
Instead, we’ll maintain a precisely balanced portfolio to meet the specific needs of each client. As markets ebb and flow, we act with discipline and conviction in pursuit of each client’s short and long term goals.
Expenses detract from bottom-line performance results and restrict a portfolios long term growth potential. Taxes resulting from realizing gains and the payment of income and dividends are a prime source of portfolio expense. Our ongoing approach to portfolio management focuses on minimizing tax expenses:
- Using inherently tax efficient investment vehicles
- Planning to avoid realizing gains, particularly short-term
- Taking advantage of market volatility to harvest losses
Donating to the causes you care about benefits the charities and can be deeply rewarding
Once you’re confident in your investment and retirement income plan, you may turn your focus to the protection of your assets during life and the eventual distribution of your property.
The likely component of your estate plan will include:
- Financial Powers of Attorney for the continued protection of your assets if incapacitated
- Medical Powers of Attorney and an Advanced Health Directive to direct someone to make medical decisions, including the extraordinary measures to prolong life, when you are unable to do so.
- Last Will and Testament to communicate your final wishes pertaining to custody of minor or disabled children and bequests of property.
- Revocable Living Trusts to determine who will get your property when you die. They are “revocable” because you can make changes to them and they are “living” because you make them during your life time.