Without direction and discipline people typically make impulsive, random decisions. Over time, different pieces of your financial puzzle not only do not fit together, but may conflict with your original goals.
Our wealth and portfolio management goes beyond just the accounts HFG manages. In order to ensure we have a complete picture of your overall financial position, we also consult on accounts held away such as 401ks and private placements. This comprehensive view allows us to avoid overlapping and inefficient investment decisions.
The last 5 years before you retire are often the most critical years in your retirement planning journey as you will determine within that period whether you can truly afford to retire. Retirement planning is often the primary reason many new clients begin working with HFG.
An incomplete retirement needs analysis is the primary cause of retirees being financially unprepared for retirement. Our clients receive ongoing retirement needs analysis that is both durable and flexible enough to withstand life events that cannot be perfectly planned for, such as sickness, divorce, the sale of a business, scholarships, post-career opportunities, or the death of the family’s matriarch/patriarch.
There are many types of risk addressed in a well-drafted plan–risk caused by stock market declines, economic instability, death, disability, long term care, loss of income and damage to assets like a car, or house. These unforeseen events can have devastating financial implications and alter the anticipated outcome of a financial plan. While risk may be impossible to avoid, through proper planning, risk can be managed.
Planning to reduce taxes is a critically important piece of the overall financial planning process. By employing effective tax planning strategies, you can have more money to save and invest, more money to spend, or both. HFG engages CPAs in our process so our clients have access to professionals who specialize in consulting on specific tax needs.
Many investors have spent 40-plus years building their wealth to reach the inflection point of financial independence. Once reached, the question of “Will I have enough?” turns to “What will become of my legacy?” Continuity and succession planning helps our clients ensure that when the time comes to begin transitioning assets to the next generation, those assets are invested, managed and distributed efficiently and in a manner most appropriate for the beneficiaries.
When you reach the point of financial independence you might begin to think about the variety of things your money can do. Many feel that it’s not only about how much they have, but who they can help with it. When appropriate, there are many charitable giving strategies HFG can deploy as useful planning tools.