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 compound interest. If your portfolio has not fully recovered from losses in recent years, you may wish to consider a more aggressive allocation to make up for lost ground and get back on track to accumulating wealth. However, given recent lessons learned 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.
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 experienced estate planning professionals 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 trust will avoid probate upon your death. We have a network of attorneys on a local and national level that can assist you with this type of planning.
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 on highly appreciated assets, and no estate taxes on the charitable contribution upon your death. We expect an increased tax environment in the U.S. in coming years. This makes for some compelling reasons to integrate philanthropy into your financial and estate planning.
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 some of the top money managers that offer a comprehensive portfolio of services.