INSIGHTS AND IDEAS

Annual Review

A lot can happen in one year: babies are born, jobs change, and priorities and goals shift. That's why an annual review of your financial situation is so important. When was the last time you updated your beneficiaries, reviewed your investment allocations, or examined your current estate plan? All of these details are discussed in our annual reviews with our clients, and we ensure that everything is up to date.

Retirement Education

Have you considered envisioning your desired retirement lifestyle? Have you determined the amount of annual income necessary to support your retirement? These are questions that merit attention at this stage. It is crucial to establish a comprehensive plan that addresses these financial considerations. At Perfected Wealth Management, we specialize in crafting tailored plans that align with your retirement aspirations.

Life Insurance Planning

Life insurance forms the backbone of every financial plan we construct. The initial stride towards establishing a robust financial foundation involves procuring an ample amount of life insurance. This ensures provision for a period of bereavement, debt clearance, and furnishes surviving dependents with a supplementary income during the transitional phase.

College Savings

One of the best-kept secrets in college savings is the 529 plan, and recent tax law changes have made it even more advantageous. Investing in a 529 account enables you to utilize all the interest earned on qualified educational expenses without incurring any taxes. At our firm, we are committed to providing comprehensive college savings planning and educating our clients about the various options available to them.

Elder Care

Caring for aging parents can be a challenging and costly endeavor, encompassing both emotional and financial aspects. At PWM, elder care holds a significant place in our hearts. Our advisors have firsthand experience in navigating the complexities of taking care of elderly parents, fostering a deep understanding of the involved responsibilities. We offer education and advice derived from both academic expertise and personal encounters.

The Power of a Trust

Trusts are very powerful legal tools that serve multiple purposes. They effectively bypass the probate process and help minimize tax liabilities. Moreover, they enable explicit instructions for challenging situations concerning medical and financial decisions. By controlling assets beyond one's lifetime, trusts facilitate the creation of enduring legacies for cherished loved ones. While we are not practicing attorneys, we emphasize the significance of establishing a trust and offer educational resources on the subject. We collaborate with your attorney to ensure seamless alignment between your estate plan and financial strategy.

Asset Allocation

You may be familiar with the saying, "Don't put all your eggs in one basket." This adage holds true, particularly when it comes to investing. Asset allocation refers to the strategic combination of investments within an investment plan. At our firm, we follow a disciplined process to construct diversified portfolios for our clients. We ensure that a client's asset allocation aligns with their risk tolerance and goals.

Succession Planning for Your Business

One of the most rewarding yet challenging situations faced by business owners is the eventual sale and transition of a business they have painstakingly built. It can feel akin to parting with a cherished creation nurtured over many years, making it a topic that is often evaded. However, having succession plans in place is vital to ensure a seamless transition. We are here to guide you through every step of the process, providing the support and expertise you need.