We are looking out for you. 


Planning and the issues that come with it can be overwhelming if tackling it on your own.

Below are examples of common challenges and pitfalls we deal with regularly.

 

I) NOT PROPERTY PLANNING FOR INFLATION.

Inflation is a challenge that comes on gradually over time. Consider the $0.90 price of gas in 1988 or $5.00 for a movie ticket in 1990.

We feel an investment plan not taking inflation into consideration is simply not a complete plan.

II) TAX DRAWBACKS.

Overlooked tax deductions, 25% of taxpayers eligible for the Earned Income Tax Credit (EITC) fail to claim it -according to the IRS. Some miss out on the credit because the rules can be complicated, others simply are not aware they qualify. Others missed are reinvested dividends, refinancing mortgage points. Frequent tax mistakes also involve distributions from IRAs and rollover paperwork inaccurately filled.

We recommend Tax Planning and a year-end meeting to consider distributions, withholdings, ROTH conversions, harvesting tax losses - if necessary, along with other tax-related issues.

III) IRREVOCAIBLE DECISIONS MADE.

Some decisions are irrevocable once made. 

  • Previous employer retirement account rollovers
  • Employer's stock options ISO or NSOs 
  • Work benefits annual enrollment (Irrevocable for the year)
  • When retiring, should you choose a lump sum or monthly pension? 
  • If a pension, single life or joint with survivor benefit? 
  • Keep the company insurance or let it lapse? 

IV) UNDER DIVERSIFICATION.

A professionally managed portfolio should be properly diversified

A portfolio diversified in allocations and sectors that are in-line with your level of risk and return expectations. In addition to being Socially Conscious "green". A strategy seeking to consider both financial return and social/environmental good to bring about social change.

Responsible diversification makes sense.

 

“It is better to prepare than to repair”