Broker Check

295 27th Street
Oakland, CA 94612

LinkedIn

Financial Fitness Center, Inc

(510) 653-1914

 

8 Wealth Management Issues Integrated with Tax Reduction Strategies

No matter where you are financially, it is important to take steps to actively address the issues of building and managing wealth. There are eight wealth management issues that are critical for clients to address. The Financial Fitness Center™ team works closely with their clients using the eight wealth management issues. Each of these issues have tax considerations. It is critical that clients have a financial advisor who is knowledgeable about their complete financial picture so they can integrate these issues while taking into account the appropriate tax reduction strategies to support financial well-being.

Investment Management*

In today’s investment environment, it is easy for clients to be overwhelmed by the amount of information available. Without professional advice, taking action could be detrimental to one’s investment goals. The team's advisors can help clients thoroughly assess their entire portfolio before helping them build a long-term investment strategy, diversify their assets*, and even deal with tax implications.

*Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

Cash Flow and Debt Management

Everyone knows they should spend less than they earn, but not everyone actually does this. Working together, the firm can identify where the client’s cash is going each month and evaluate potential opportunities to improve their cash flow through proper debt management. They can help clients determine if certain strategies such as refinancing, debt consolidation, or changing their tax withholding could be advantageous to their situation. Clients may discover they have more resources than they might have thought to help them pursue their other wealth management goals.

Family Risk Management

A key component of financial planning is mitigating risk. Everyone needs peace of mind and having the right insurance is central to making this happen. Regular reviews of insurance policies protecting life, property, health, disability, long-term care, and other programs can ensure against losing income, savings, retirement and even your home. The FFC team can evaluate a client’s current risk plans to determine if they adequately meet their needs at whatever stage they are in life.

Retirement Planning

People entering retirement are facing concerns retirees simply did not face 20 and 30 years ago. As healthcare is improving and life expectancies rise, people are likely to live longer during retirement than past generations. In addition to the existing concerns, it is important to first establish a clear vision of what a successful retirement looks like. Does it include working part-time? Traveling the world? Taking on new hobbies and interests? Everyone’s vision of the “retirement dream” is different. They can help clients form a clear vision of what they want from retirement and develop a financial strategy to help them pursue their goals.

Education Planning

Every child dreams about what they will be when they grow up. Whether your child’s aspiration is college, technical school or graduate school, saving for a specific higher education goal is an important factor in making their dream a reality. The available education planning choices can be confusing, and it is important for a family to have help from someone who understands how their savings will affect their child’s or grandchild’s ability to qualify for financial aid, as well as the implications for their income, gift, and estate tax situation. The team can help clients identify how much money they will need to send their children or grandchildren to college or provide for an accredited alternative education by determining how much they need to save, and how this dedicated investment fits with their overall investment management plan.

Estate/Legacy Planning

A well-crafted estate plan is critical for ensuring your wishes are carried out after you are gone. Without a good plan, the government may divide a family’s assets, often making decisions the family would not have made. The firm's advisors can help create a strategy focused on minimizing estate taxes and maximizing your legacy.

Business and Real Estate Planning

Many business and real estate owners face daily financial challenges, such as having enough cash available to take advantage of opportunities when they arise, using their business or real estate as a vehicle to save for retirement, and protecting these assets from a potentially devastating financial loss. The firm's advisors can help clients evaluate and implement strategies designed to protect their business and real estate while taking advantage of opportunities that may improve the cash flow, tax situation, benefits, and bottom line of these assets.

Special Situations Planning

Throughout one’s life, some expected and unexpected needs will arise. Whether it is planning for a wedding, taking a spur-of-the-moment dream vacation, deciding to buy a second home, or facing unexpected expenses due to unforeseen events – no matter how carefully someone plans, unexpected financial needs happen. The firm's advisors can help clients change their game plan without jeopardizing their long-term goals. While working together through these special situations, they will continue to monitor clients’ tax implications as well as their progress in the other wealth management issues.


*Investment services are offered by Lois A. Leynse, Anne C. Lowry, Jennifer James and Jennifer Stewart-Smith through their affiliation with HD Vest Investment ServicesSM and Financial Planning services are offered by Lois A. Leynse and Jennifer James through their affiliation with HD Vest Advisory ServicesSM