Understanding Sequence-of-Return Risk and Longevity Risk in Retirement
Know the ‘Risk Multiplier’ Lurking in Your Investment Portfolio If you’ve read our previous articles, you know the Chapman Private Client Services team believes strongly in the power of financial education. Today’s focus is on helping you understand the real risks that could impact your retirement security. We also aim to encourage you to take proactive steps now to better manage your financial future. In the article below, we share more content from Power of Zero guru David McKnight about a threat lurking in your portfolio – sequence-of-return risk – and the so-called “risk multiplier” that makes it even […]
The Pros and Cons of Annuities in a Retirement Portfolio
Could This Tool Help You Meet Your Financial Planning Needs? When building a retirement portfolio, it’s important to consider various financial tools, and annuities are often part of the conversation. Understanding annuities is essential, as they can provide both an asset and an income stream in retirement. Like other financial options, annuities come with advantages and disadvantages. The article below will help you better understand annuities, so you can assess whether adding one to your retirement strategy aligns with your long-term financial goals.
Estate Planning Essentials: How to Protect Your Legacy and Your Loved Ones
Uncover Six Practical Steps in Our Comprehensive Guide Thinking about mortality can be difficult, but planning for the future is essential. After a lifetime of building wealth and gathering valuable assets, it’s important to consider what happens to them when you’re no longer able to manage them. Creating an estate plan lets you legally specify your wishes and makes certain they’re carried out properly. It also helps prevent family disputes and keeps your financial affairs private. If you haven’t started yet, consider these six key estate planning steps to protect your family’s future and preserve your assets.
The Greatest Retirement Risks (And How to Avoid Them) – Part II
Reviewing and Understanding the Challenge of Longevity Risk If you read our last article, available here on our blog if you need a refresher, we shared an excerpt from industry expert David’s McKnight’s powerful book, Tax-Free Income for Life. In it, David detailed the first great retirement risk we’re all facing – the risk of tax rate increases. Today, we’re back with another excerpt from David as he explains the second great retirement risk – longevity risk. Below, you’ll learn what it is, as well as how you can proactively work to combat longevity risk in your own retirement […]
The Greatest Retirement Risks (And How to Avoid Them) – Part I
Why Tax Rates Are Likely to Rise – And Why it Matters to Your Retirement Plan At Chapman Private Client Services, we focus on providing personalized plans tailored to each client’s vision for their retirement lifestyle. Part of this process involves addressing two major risks that can undermine financial security in retirement. Many people face significant challenges to maintaining long-term financial stability and often worry about outliving their savings. By identifying and planning around these key risks, we help clients work toward a more financially confident retirement. This is the reason we specialize in tax-efficient – and even tax-free […]
Tax-Deferred Retirement Plans: Are They a Catch-22?
Learn Why Your Retirement Plan Could Be Based on a Faulty Assumption At Chapman Private Client Services, we believe our commitment to educating our clients is one aspect of our offerings that sets us apart. The following article on tax-deferred retirement plans is partially excerpted from The Power of Zero, by David McKnight, and we hope you’ll find it eye-opening as you plan for a tax-efficient retirement. So many clients come through our doors having followed advice from so-called financial gurus who tell them it’s okay to have all their assets in tax-deferred accounts because they’ll be in a […]
Maximizing Your Social Security Benefits: Timing and Tactics
Learn How You Might Utilize a Thoughtful Approach to Optimize This Income Stream As you begin your retirement planning journey, one important element to focus on is Social Security. Navigating the complexities of Social Security benefits requires careful thought, as there’s no universal strategy that works for everyone. You have options, and you’ll need to think about when to claim and use specific approaches for maximizing Social Security benefits over the long term. In this article, we’ll explore the critical factors involved in maximizing Social Security benefits, including the best timing and strategies for retirees to consider.
Creating a Lasting Legacy: Strategies for First-Generation Wealth Building
Strategies to Manage and Grow Your Assets for the Next Generation If you have a desire to build wealth from the ground up for yourself and your loved ones, then you are considered a first-generation wealth builder. Building generational wealth that will support you and your family now – and for generations to come – requires you to use the right financial strategies. While it can certainly seem overwhelming to figure out where to start and what future steps are necessary, having the right information can help you proceed with confidence. Below, we discuss four strategies for building generational […]
Tax-Efficient Estate Planning Tips for High-Net-Worth Families
Strategies to Manage Your Wealth Estate planning can be complex, both from a legal and financial perspective, as well as a personal one. Thinking about the end of your life can be fraught with emotions, but it’s an important undertaking if you want to have confidence in knowing that your assets will be distributed according to your wishes. If you are a high-net-worth individual with significant assets, estate planning is a process that requires careful attention because you will want to employ tax-efficient estate planning strategies to leave your heirs with the lowest tax burden possible. Below, we’ll discuss […]
Investing Fundamentals: Building Wealth for the Future
Learn the Fundamentals to Develop a Comprehensive Approach Effective financial planning and management can play a role in wealth building. A solid wealth-building strategy can help you prepare for potential financial emergencies and work towards a comfortable retirement. Many people don’t understand that to truly build wealth, you need to do more than just save the money you make — you need to develop a long-term investment strategy. Here’s a look at the investing fundamentals you should know. Start by Understanding Investments You’ve likely heard this oversimplified financial advice: “Invest!” Investing can be a tool for building wealth, but […]