Financial Portrait B
We refer to the process of identifying goals, creating a pathway to reach them, and then monitoring progress towards success as the Financial Portrait. This is a realistic financial snapshot of where you are, where you want to go, and the path forward.
Partnering with us to plan and track your goals removes much of the stress that most families have regarding finances.
Most financial stress is related to feelings of uncertainty. By sitting down with our team to make a realistic plan for your family you can remove much of the uncertainty. Once goals are identified through a series of discussions, we will draw a detailed picture of your goal plan and path forward. We will then monitor progress on your goals on an as-needed basis. The joys and struggles of life can muddy your financial picture, but by updating your plan we can pivot to face new challenges and goals. As life progresses your financial portrait will adapt with you. Achievement in holistic planning can be defined as utilizing the fruits of your labor for your financial, mental, and emotional well-being. We at LaBrunerie enjoy helping families invest in themselves and joining them on their financial journey.
Retirement Wealth Accumulation
Everyone’s retirement picture looks different. Let us work together to paint your picture.
Employer Sponsored Plans
Does your employer offer a retirement plan? The first step in retirement wealth accumulation is to learn whether you are taking advantage of any retirement benefits that your employer provides. These are cost effective group plans that allow for higher participant contributions than individual retirement accounts and many include an employer match as well. This is an important part of your compensation package from your employer that you want to make sure you are qualifying for and taking advantage of. It is important to take advantage of this wealth accumulation benefit. Common examples are the SEP IRA, Simple IRA, 401k, 403b, 457, and 401a. We can help you communicate with your benefits manager at your employer to make sure you are not missing an opportunity.
Individual Retirement Accounts
These are retirement savings accounts that any individual with eligible earned income can utilize for investments. They are commonly called IRA’s. IRAs are used for additional savings by individuals who have already maximized contributions to their employer plan or whose employer does not offer a retirement plan. There are rules for the contribution limits based on how much earned income you have and whether your employer does offer a retirement plan. Common examples are the IRA, Roth IRA, and Non-qualified Annuities. We can help.
Retirement Wealth Retirement (double?)
Congratulations, you have reached retirement. Now that you are no longer working, where will your income come from?
Many American’s rely on market rates of return for their retirement income and monitoring distributions and account balances is important in the retirement years. We believe that the extreme market volatility over the last 20 years will continue for the next 20 years. Therefore, a nuanced and data-driven approach is required; one that matches sources of income with long-term household budget needs. We use a process of reviewing types of assets, investment allocation, and tax consequences of withdrawals to generate a detailed and accurate picture of what your “take home” income will be and how long it will last.
Social Security Planning
Together we can figure out the right questions to ask and get you in contact with your Social Security local office.
We can provide the tools to illustrate what your income stream would be if you elect to start social security benefits early, on time, or late based on the information you receive from the Social Security Administration. We can also integrate your social security benefits with your other retirement income sources. You will have the information available to make an informed decision about when to apply for benefits based on your personal situation. This may be your only guaranteed retirement income, so it is important to have all the data. The key is to be proactive so that you make the best decision for your family.
Count on us to help facilitate details so you can focus on what matters.
Losing a loved one is an emotional journey. Imagine your heirs having to settle your estate. The claims process can be complicated and time-consuming to complete. There are many decisions to be made that have complicated legalities to navigate and that will affect the tax treatment of their inheritance. We can help your loved ones by working with the involved attorneys, accountants, and investment companies to navigate the estate settlement process after death.