Financial Phases

Accumulation planning is about intelligent investment management. Each investor has unique goals. We will create a customized portfolio that is well-coordinated with your overall plans for taxation, retirement, insurance, estate, and business to fit your personal financial situation. Our strategies have proven successful for hundreds of clients in the past, who consistently rated us as Outstanding.

During the wealth accumulation phase of your life, we will help you through the goal setting process, guiding you on the path to your financial future. We’ll work with you to create a portfolio that aligns with your goals and risk tolerance. Then we will provide you with the strategies necessary to ensure success including advising on:

• Whether current savings habits will accomplish your retirement goals.
• Which types of investment accounts you should contribute to based on your current and future tax situation.
• Maximizing the employer match in your retirement plan
• Ensuring your kids’ college savings plan is on track.
• Consideration for additional life insurance.
• Whether you should consider a long-term care insurance policy.

Once you’ve reached retirement, we focus on protecting wealth to make sure your money lasts to meet your goals. Wealth Preservation creates a different, but equally important set of strategies for managing your portfolio.

Your risk tolerance may change and we’ll work with you to adjust your portfolio to meet your current needs. We’ll also help you reinvest the money you’ve put away in your workplace retirement account to ensure it’s working most effectively with the rest of your portfolio. Then we will advise you on the strategies that can help ensure success including:

• Unique strategies to consider regarding when to receive social security.
• What impact Required Minimum Distribution will have on your retirement accounts.
• The reasonable amounts to withdraw each year to not outlive your retirement savings.
• Understanding the financial legacy you wish to leave others
• The most effective, tax efficient strategy to consider when naming the beneficiaries of IRAs.
• Partnering with your accountant to provide cohesive tax planning strategies.

Many people reach a point in life where they no longer wish to manage their own day to day financial needs, whether it be out of convenience, or necessity. As an independent trust company, we can step in and take care of the day to day needs, all while ensuring your best interest is always first consideration.

In addition to continuing to manage your portfolio to meet your changing needs, we can assist with our complete suite of services.

• Bill paying and cash management. We can satisfy every conceivable bill and categorize each invoice in a manner that will allow your accountant the ease of utilizing our year-end tax ledger, which includes a complete summary of deductible transactions.
• Annual tax return preparation. Our year-end tax ledgers have proven to contain all of the applicable data, however we are always available to work with your accountant directly to address questions.
• Detailed recordkeeping of transactions to ensure you stay well informed. Would you prefer that we keep your family and/or other members of your financial team informed? We can provide a secure internet portal that contains up-to-date balance and transaction history and detailed statements customized to the delivery method and frequency that you choose.
• Home management. Whether you need us to ensure your home is maintained during the winter months, while you enjoy a warm climate, or you need more consistent yearlong services, our team can develop a plan that meets your needs.
• Farm management. Our team will work with you each year to renew the cash rent agreement with your farmland tenants, or determine if more involved strategy should be developed to ensure you’re maximizing income potential.

• Reviewing estate planning documents
• Identifying and securing tangible property
• Opening lines of communication with beneficiaries to obtain necessary information
• Filing necessary legal notifications
• Collecting asset information and values
• Determine if assets should be held or liquidated and manage liquidation as needed
• Prepare and present complete asset inventory
• Satisfy bills and discontinue services as necessary
• File all tax forms
• Prepare final accounting for beneficiaries and the Court
• Distribute all assets in accordance with the terms of the estate