At Jones Wealth Management, LLC, we assist our clients with the following services:
As you near retirement, the traditional strategy has been to move growth-seeking investments into more conservative fixed income investments. This may have worked fine back when retirement was only expected to last 5–10 years. These days, however, people are living longer. It’s not unusual for someone retiring at age 65 to live to age 90 or older. You should consider planning for your nest egg to potentially last 25 to 30 years.
Time does not stand still, and neither does money. Use time to your advantage when investing for wealth accumulation. The longer you invest, the more time your money has to grow. Given recent volatility in stock market investing, it is important to remember that more conservative retirement plans typically have only a portion of the assets invested in the stock market. Other allocations should be set aside for more conservative investments and/or secured income contracts. After all, the last thing you want to do is lose wealth during the next major correction.
Twenty-first century asset protection calls for more than just strategic asset allocation. Product allocation — buying instruments that can protect your portfolio from negative returns early in retirement — is generally considered a more effective means of protecting assets. Diversifying your retirement assets among a variety of vehicles, both insurance and investment-oriented — depending on what is appropriate for your situation — may offer you the best chance of meeting your retirement income goals throughout your lifetime.
Estate planning is simply determining where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially. While the concept is simple, the vehicles’ planning and implementation processes can be rather complex. We are in a constantly changing estate-tax-law environment. That’s why it is important to work with an experienced estate planning professional who stay current in this field and advise clients in a timely manner.
IRA Legacy Planning
IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit upon your death. A properly structured IRA may provide your beneficiary, or beneficiaries, a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial scenario to determine if IRA Legacy Planning is the best means for ensuring a long-lasting inheritance for your heirs.
There are many different types of trusts, and they can be complex to set up and execute. However, a trust can be a very flexible and advantageous means to transfer your assets in the future. Most trusts also provide current benefits such as tax deferral and deductions. Unlike a will, a properly designed trust will avoid probate upon your death.
Charitable Planning & Endowments
Creating a charitable gift-giving plan may provide you with multiple tax breaks: an income tax deduction, the avoidance of capital gains tax on highly appreciated assets, and no estate taxes on the charitable contribution upon your death.
Guaranteed Life Income Plans
Most clients have a basic monthly expense amount that must be met to be secure in their current lifestyle. It is extremely important that this income amount not fluctuate just because the stock market is having a bad month — or even longer. We can implement a guaranteed income strategy using innovative lifetime annuities.
Professional Money Management
Every client has an expectation of what his or her investment portfolio will yield or generate in income. There is an inherent level of safety, liquidity, and growth potential that must be managed in a professional manner. Each client deserves a high level of communication to maintain these expectations and manage the changing needs during retirement. We have strategic alliances with skilled money managers that offer a comprehensive portfolio of services.