Financial Planning from Fairhope, AL
Helping Your Aging Parents in Their Sunset Years
Holistic, flat fee services for families who
- are in their 50s-60s and caring for aging parents,
- have power of attorney on their aging parents,
- want to be proactive in preparing for their own retirement and minimizing taxes across two generations, and
- have investible assets of $2M+ between both generations
Author of The Inheritance Playbook
Over 6,000 copies sold!
Visit our Family Wealth Resources blog to learn more!
I serve Gen X and baby boomers (with their parents) in order to minimize taxes across the two generations and maximize the parents’ legacy
Our Advanced Financial Planning Services
Tax Savings
What are the advantages of paying more than the required minimum distribution (RMD) from my parent's IRA? From which account should I pull my money? How can I avoid paying capital gains on this stock I've held for decades? Can I defer income this year into a retirement plan?
Investments
Should my parents' portfolio be ultra-conservative? How should I invest my money? What do I do about this crazy market? Why do I need to invest? Am I too aggressive or too conservative?
Risk Management
How should I adjust my parent's risk tolerance if the assets are meant for next generation? What kind of life/disability/long-term care insurance do I need? Do I even need life insurance? How much is enough?
Retirement Planning
How will I know when I can retire? How much should I be saving to ensure a successful retirement? When do I claim Social Security? How do I decide which Medicare plan is right for me?
Family Steward
What can I do to best serve the financial needs of my parents and my children? Does paying for a financial advisor actually cost the family more than it saves/earns? What are my legal obligations as a Power of Attorney?
Estate Structures
How should I title my parents' assets to take advantage of the tax laws? Is my will appropriately written? How can I utilize an Irrevocable Life Insurance Trust to reduce the effects of estate taxes?
Distribution Strategies
From what accounts should I pull money this year? When would a Roth conversion make sense for my family? Why would I advance unnecessary income in my early retirement years?
Local & Virtual Appointments
Don’t live near Fairhope, AL? No problem! I serve clients all over the country using Zoom calls and secure portals for sensitive document sharing.
The Formula Wealth Difference
Multigeneration planning is very different than your average financial advisor engagement. Many common strategies won't apply, and many other opportunities are uniquely available to your family. As your fiduciary planner, I would love to get to know the unique dynamics that make up your family (the good and the bad!). As we get to know each other, we'll design implementable strategies that work for you so you can focus on what really matters: time with family.
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