An Organized Approach

Are you ready to retire? We can help you organize your finances and thoroughly prepare for the transition. If you have recently retired, we can gauge whether you have the portfolio return and cash flow to keep living comfortably.

There are three financial phases in life:

  • Accumulation – High School to retirement
  • Distribution – Retirement to 70’s
  • Preservation – 70’s to passing

1st Wealth Financial Chart

The First is the Accumulation Phase. This is where we work hard and do our best to set aside money for the future. Upgrading our home, helping with college costs, but ultimately, to get ourselves in a position to retire. The Second is the Distribution Phase. This phase generally starts when we reach the Retirement milestone. Our goal at that point is to enjoy our retirement and feel great about the income we are receiving off our savings. We still want to see our values rise each year to help keep pace with inflation. The Third is the Preservation Phase. This phase usually happens around age 70 to 75 when we wake up on new years day and realize that we are probably going to be OK financially and now our emphasis shifts to wanting to make sure that what we worked hard for ends up in our kids hands at our passing or some of it with our church or a charity, we definitely don’t want any of it to go to the IRS.

What we see over and over is that as people pull together different investments, policies and accounts that are designed exclusively to maximize the results in that Financial Phase, with no regard for the problems they cause in the next Phase. In many cases there are drawbacks, at a minimum, a complete lack of efficiency and therefore a loss of return or control until it is fixed to move forward to the next Phase. In our office we have a deep understanding of the advantages and drawbacks of decisions today and how they impact the next phase and it is appropriate to correctly allocate to be able to maximize each Phase while we are in it and be able to roll into the next Phase with efficiency and effectiveness. We teach how our clients to use one Phase to build on the next Phase.

We are an office of caring people that know what to do to help you succeed in preparing to retire, enjoy retirement and prepare things to properly leave them to your loved ones.
Retirement Services

Our Retirement Services

  • We help our clients complete their retirement package. Many forms are lengthy and confusing. We assist in proper completion of the forms, make copies for our clients, and overnight the originals to the pension and retirement department of their company.
  • Smart Retirement Booklet – Our booklet outlines how your retirement income may compare to your current income. It also identifies opportunities to potentially maximize your benefits, income and security throughout retirement. It is a great way to “get your ducks in a row” as a first step in preparing to retire.

Macro View

A Macro View

We use a customized macro-planning tool to monitor and refine the different aspects of your investments and retirement strategy. In addition, we use our asset management tool to consistently check the risk tolerance of client portfolios.
Do you want more clarity when it comes to your financial life? First Wealth Financial Group can provide it. We can show you what your money is doing – and what steps you may need to take in order to pursue and accomplish your goals. Investing wrong costs time and money you may not have.

Did you know?

  • When you save in CD’s and other investment vehicles you receive a 1099 each year and must pay taxes on your savings.
  • If you put money into 401(k) plans and Traditional IRA’s, you are taxed at the time you use it.

We can help you work to minimize your taxes through the products and services we offer.

Wealth ManagementInvestingInvesting

Regardless of age, it is important that your accounts be diversified properly. While there is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio it can help mitigate risk. Your allocation needs to match your risk tolerance. Our office uses Morningstar Reports to show you where you are at currently, and the potential changes that you can make to help improve your opportunities and reduce risk. Please note that diversification does not protect against market risk.

Put your Money in a Process

“Capturing Gains to Cash” and “Re-balancing” are two processes that need to be applied to investment accounts. Our office implements both of these processes as part of our client service.
Turn your 401(k) and IRA into retirement income. We’ll teach the proper way to set that up.

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