As an investor, you have goals. You want to protect your assets and see them grow. You want to build assets to provide a certain quality of lifestyle during your earning years. We understand all of these goals in the years leading up to your retirement.
To meet these goals, we offer a number of services that respond to your needs. Many clients think of us as their "personal financial planner."
Retirement Planning
Estate Planning
Investment Management
Tax Planning and Analysis
Tax Deferred Annuities
Life Insurance Analysis
Long Term Care Insurance
Trust Management
Retirement Planning -
You’ve worked hard and you are now ready to plan for your retirement. What are your retirement goals? Are they realistic? Will you retirement savings be enough?
Retirement can be made more enjoyable and, perhaps, can start sooner with the right planning for early retirement. At Dougherty Wealth Management, we provide personal, caring and knowledgeable advice to help you clarify your goals and realize your dreams.
Let us work with you to help define your retirement goals and evaluate your resources and, then, develop a unique plan that maps a course for your retirement.
Estate Planning -
It is important to have a trusted adviser to guide you through the difficult questions that you face when planning your estate.
For over 30 years we have been assisting our clients in this area. Some clients have no will or trust in place when they first contact us. Others have plans that are out of date or that aren’t in sync with their net worth.
If all of your efforts to accumulate assets during your lifetime could be compromised by unnecessary probate fees, estate taxes, court fees and the like – it means your planning is not complete.
Although we are not attorneys and do not provide legal advice, we can help you to organize your investments, review beneficiary designations and discuss various estate planning alternatives in general terms. Then, you can most efficiently use your time when you sit down with an attorney to discuss estate planning needs.
We make recommendations and work with an estate attorney to implement a suitable plan.
Investment Management -
With the many investment choices currently available the task of investment management can be overwhelming.
We can help create a personalized investment strategy that fits your retirement goals. We will thoroughly evaluate your investment needs and design a portfolio that is based on this analysis using a variety of investment options. Among the factors considered are:
- asset allocation,
- portfolio structure,
- tax management,
- multiple specialized money managers,
- portfolio monitoring and
- rebalancing.
We are aware that your risk tolerance and life situations change over time, and we can guide your plan through changes in your personal life and in the economy.
Tax Planning and Analysis –
Proper tax planning can greatly assist you with the preservation of the assets you have worked so hard to accumulate.
If you are retiring, do you have highly appreciated company stock in your retirement plan? Certain steps can be taken to minimize taxes on these shares. Other key questions include:
- Do you know when to start taking social security?
- Is it better to withdraw funds first from taxable accounts or non-taxable accounts?
- Do you have to take required minimum distributions from your retirement accounts?
Working with your tax advisor, we can help you understand the effects of various tax events in your life and can assist you to make much better tax decisions.
Tax Deferred Annuities -
A Deferred Annuity allows you to accumulate money tax-deferred. Simply put, you don’t have to pay taxes on your investment until you take distribution of the funds.
An Annuity also provides the opportunity to liquidate your account in the form of systematic payments and withdrawals over a specific period of time. Payments can be made in a lump sum or over a select period of time.
Life Insurance Analysis –
A big part of keeping your dreams alive and on course is protection of your family's financial situation. We offer a complete spectrum of life insurance from a wide variety of insurance companies.
The types of life insurance are numerous and varied, and determining the right choice for you, your spouse and family can be tough even for the savviest investor.
We understand that not everyone’s need for life insurance is the same and that needs may change over a lifetime.
Long Term Care Insurance -
The good news is people are living longer than ever before, which means more time to enjoy life in retirement. The bad news is people are living longer than ever before, which means some of us will eventually require long term care.
In fact, it’s estimated that over half of all Americans age 65 and older will require some form of long term care over a lengthy period of time.
We recognize that the decision to obtain a long term care policy for yourself or a loved one could be one of the most important decisions you’ll ever make. We work with a large number of insurance companies that provide different types of long term care policies. That’s how we help ensure that you obtain a policy tailored to your needs.
Trust Management -
When estates are very large, hard to manage, or a family member or friend is not available, willing or capable of carrying out the instructions of your trust, you might choose a professional trustee such as The Private Trust Company, an affiliate of LPL Financial.
They have experienced and knowledgeable trust officers with backgrounds in law, accounting, banking, investment management, tax and business. Also, they operate with objective family sensitivities so that your assets are managed according to your instructions and not those of your beneficiaries.
The Private Trust Company has years of experience in the area of trust establishment and management and can assist you in this area.
