Wealth Management for Retirees

Planning Opportunity:

The transition into retirement brings a level of anxiety that is difficult to relieve.  Uncertainty about future cash flow is a primary cause. Most people are overwhelmed with the complexities of retirement plan rollovers and the complexity of present and future tax issues when designating a beneficiary.  Many people have separate relationships with their accountant, attorney and investment advisor(s).  Over the years The Wealth Strategies Group has found that people who have somebody manage their assets, respond to their concerns, comprehensively evaluate their entire asset base and estate transfer issues enjoy tremendous peace of mind.

Solution:

The Wealth Strategies Group founder, James O. Lunney CFP, CEP, (CIMA) is also the creator of The Wealth Planning Strategy™, a custom designed thinking process that incorporates tools, techniques and systems that provide our clients with direction, capability and confidence. We start by completing The Future You Profile™ discussion with each client.  Together we build toward your retirement future.  Most of our clients understand for the first time how different investments perform during different economic cycles by participating in The Seasons of the Economy Advantage™ class.  The Wealth Strategies Group then creates a comprehensive retirement plan that includes independent money manager recommendations.  Our The Wealth Management Maximizer™ investment manager selections implement strategies that balance taxable income versus tax-free income to generate just enough taxable income to equal your itemized deductions, exemptions and your now potentially lower income tax bracket. 

With the help of The Solution Network™ (our virtual network of tax, legal and other professionals) we discuss issues surrounding retirement plan rollovers, transfers or perhaps conversion to a Roth IRA.  In addition, all beneficiary information is reviewed and updated to maximize future tax benefits.  Our proprietary program, The Asset Protection and Estate Transfer Process™ will determine which forms of titling and ownership (Trusts, Family Limited Partnership, etc.) shall be used to deter frivolous lawsuits and to facilitate estate transfer.  In many families these important structural issues can save on current taxes and many thousands of dollars in future Federal Estate Tax (FET).  The use of a Qualified Property Residence Trusts (QPRT) can also help reduce future Federal Estate Tax as will the correct use of Irrevocable Life Insurance Trusts (ILIT).  Reviewing and updating healthcare coverage and Long Term Care (LTC) costs helps to reduce anxiety.  Most of all, The Ideal Strategy For Endless Family Progress™ helps keep our clients on track. Each year we meet to evaluate the clients’ progress, review asset structure and to reposition resources to account for your new goals. Clients of The Wealth Strategies Group are welcome to call anytime with thoughts, questions or comparisons and may enjoy regularly reviewing their account progress 24/7 on our web based Account View program.