Learn how to organize risk-management, tax-aware, retirement-income and estate-planning questions, and when to consult appropriately qualified professionals.
Schedule A Call With A ConsultantRisk mitigation involves identifying and evaluating potential financial losses. As retirement approaches, reviewing diversification, liquidity and market exposure can help clarify tradeoffs, but no strategy removes risk or assures a particular income outcome.
Market downturns can significantly affect retirement savings when a portfolio is concentrated in higher-risk assets. For example, a hypothetical 30% loss just before retirement could take years to recover and may delay retirement plans.
Markets have experienced significant downturns across many periods, including the Great Depression, the Dot-com Bubble and the 2008 Financial Crisis. The timing, depth and duration of future losses cannot be predicted.
If your portfolio is not diversified or de-risked, a market downturn could wipe out a significant portion of your savings. This could force you to delay retirement, reduce your lifestyle, or depend on others for financial support.
Tax minimization is the strategic planning of your finances to reduce your tax liability legally. Many families overpay taxes by not taking advantage of available deductions, credits, and tax-efficient investment strategies.
Families may miss deductions, credits or tax-efficient planning opportunities when finances are not reviewed together. The effect of any strategy varies by income, law, timing and individual circumstances; qualified tax advice is essential.
Macro tax planning considers the broader financial picture over time, including income, investments and retirement accounts. Tax treatment and the effect of any strategy depend on current law and individual circumstances, so questions should be reviewed with an appropriately qualified tax professional.
Income planning may include reviewing how different income sources are taxed. Available strategies and results vary, and an appropriately qualified tax professional should evaluate individual circumstances.
GWC helps clients organize questions and coordinate with appropriately qualified professionals regarding:
Generational wealth planning is about intentionally creating and preserving wealth to benefit future generations. It involves:
Growing assets through investments, real estate, and business ownership.
Considering tax-aware strategies, trusts and insurance with appropriately qualified tax, legal and insurance professionals.
Establishing wills, trusts and beneficiary designations may support an organized transfer of assets; legal documents and advice should come from an appropriately qualified attorney.
Equipping heirs with financial knowledge to responsibly manage and grow inherited wealth.
Considering risk management, tax-aware planning and generational priorities together can help organize questions about assets, retirement and legacy planning.
We help clients organize priorities, compare planning considerations and coordinate questions for appropriately qualified professionals. Options and outcomes vary by individual circumstances.