Complementing your portfolio with alternative investments
In this Financial Services section, we describe the general services we offer. In practice, it’s very common that they overlap. We customize our services to meet your needs; we don’t need to stay within the “boundaries” of each service as described here.
First, “retirement” has come to mean when you choose to leave the workforce, implying that you will no longer have a “steady paycheck.” In today’s world, you could still plan to work after leaving a company, whether for a different business or for yourself, whether part-time or full-time. People are living longer and with improved health, extending the period during which they can—or need to—earn income.
It’s financial planning with the main goal of having the funds to live on and hopefully enjoy life when you no longer want to work for yourself or someone else to generate income.
The days of a guaranteed pension from a company have largely disappeared. In its absence, companies offer options like 401K plans, and IRAs have become available, both of which require you to make decisions about where to invest your money. This can be an overwhelming task to take on. You need to live your life and likely don’t have the time or interest to follow the markets as closely as the professionals.
That’s where hiring a financial advisor like us comes in.
On the Your WWG Experience page, we outline the steps we take, which are similar to that of other financial advisors. The steps are largely the same as when we help clients develop a financial plan with a broader scope.
In this case, your goal of retirement is likely at least 10-20 years in the future. There’s saving (amassing money) and then there’s investing (making it multiply). We help you navigate those choices, understand any underlying assumptions, and deal with risk and loss. Investing involves risk, and you may incur a profit or loss regardless of the selected strategy.
We also review the accounts you need and how to use them to get to where you want to be.
Together, we develop a written plan that describes:
- Your current financial situation: assets, debt, cash flow, current investments.
- Your concerns about risk and loss.
- Any assumptions that were made.
- Your retirement goals: When, where, how much you’ll need.
- The investment plan for your money: How much will be invested, in what types of investments, for how long.
- How often the plan will be reviewed.
- Additional resources you need to carry out the plan: Estate planning, tax planning, etc. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
Basically, together with you, we implement the plan. If parts of it need to be addressed by other expertise, we bring in the appropriate resources to handle them.
The key to a successful financial plan is that it’s an ongoing process of monitoring and adjustment. We work with you to establish the schedule for reviewing the plan together on a regular basis. We are always available to you in-between those reviews as well.
Making Sense of Medicare Myths
5 Considerations for Your Social Security Strategy
Why Contribute to a Roth IRA?
Protecting Your Social Security Payout
Social Security Increases Benefits by 1.6% for 2020
Offset Taxes with Retirement Account Contributions
Making the Most of Medicare's Open Enrollment Period
Are You and Your Partner on the Same Retirement Page?
A Circle of Care
Retiree in Training
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact our office for information and availability.
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