Hello and welcome to FourStar Wealth and my blog. My mission is to help clients retire and plan for the future in the best way possible.
It’s a process, and I will successfully guide you through it. We will work together as a team to manage your finances the right way moving forward. This process begins with building a financial plan that covers five areas:
- Social Security
- Building Lifetime Income
- Investment Strategy
- Long Term Care
- Estate Planning
We start with a Social Security review and see what the best time to file is. SS is lifetime income, and the planning for it begins early. SS is not your only source of income. You need to explore all your options and make sure your income is protected. Some of us have plenty of income for our lives, and some people need to build income early in retirement.
After our income is secure, we need to look at your investments. Investment risk is critical in retirement and managing the risk needs continuous review. Together we determine your risk level. Once it’s known, it’s my job to make sure we achieve it. Once invested, we want to guard against unforeseen events. To this end, we insure against possible future risks like illness or stock market declines.
Finally, we need a plan for when we’re gone. We will work with your lawyer and accountant to build your Trust and Will.
The fact we are in this together implies we each have responsibilities. Yours, as the client, is to keep me informed of your needs and wants. As your advisor, my responsibilities are to be available, help manage your financial life, and keep up to date on trends and data.
This blog is one way to connect with you. I will post on it once a week with new information and ideas. It is an excellent way to spark new ideas and keep your plan up to date.
Please sign up, log on, and see the difference. Once a week with new information and ideas. It is an excellent way to spark new ideas and keep your plan up to date.
Please sign up, log on, and see the difference.