We will help you make the most of your pension funds, employer-sponsored plans, IRAs and other retirement vehicles with the goal of sustaining your income during the time when you reward yourself for years of hard work.
Our unique approach to retirement planning includes identifying funds that are not subject to market fluctuation, such as social security. These funds represent fixed payments from a third source – in the case of social security, the funds come from the government. We then review your investments subject to market fluctuation – such as your 401(k) account. We include this in your non-promised funds because there is no third party making a commitment of what cash flow is going to be. The total of the Promised Funds™ and the non-promised funds identify the sources of what you need to live on. This review will help determine your return required from the non-promised funds. This is your Personal Index which should be reviewed on a regular basis.
Many people find the financial planning process to be intimidating, and will often not review their plan as often as their life changes. Accordingly, the strategies you once had may no longer be appropriate or adequate. As life and goals change, your financial plan may need to change to accommodate those changes.
Mainsail will help you understand and determine your risk tolerance, and will employ a disciplined asset allocation and investment strategy. We will recommend and implement the appropriate investment products for your plan.
Education planning is a huge part of the financial planning process. It can affect other planning strategies such as tax, investment, retirement and estate planning. It is critically important to review your goals ensuring that your savings will provide for the educational goals for your family.
A person has a one-in-four chance of becoming severely ill or disabled. Reviewing your insurance needs regularly is necessary. As life changes, so do your insurance needs. Changes may be needed to protect your lifestyle and family who are dependent on your income.
We review the costs and benefits of acquiring long-term care insurance and determine which will provide sufficient coverage to support your needs. The purpose of long-term care is to help preserve your family assets from being diluted.
Asset and income protection includes strategies to shield assets from illness, taxation, and frivolous claims from third parties. Successful planning for these potential events cannot be understated considering they affect other aspects of your goals.
*Disclosure: Asset Allocation/Diversification of your overall investment portfolio does not assure a profit or protect against a loss in declining markets.
Your legacy and estate plan is one of the most difficult and emotional components of wealth management planning. Understanding your financial situation, will help determine your needs for tax and estate planning. Together we will work to minimize taxes and maximize your legacy.
We leverage our knowledge as CPAs and financial advisors to help ensure your wealth management plan is operating in a tax-efficient manner. This includes making sure that you don’t pay a penny more than the law requires, and looking for ways to reduce current and future tax burdens.
Business owners have countless daily demands. They must save for retirement and plan for various events. Mainsail Advisor Group, LLC offers comprehensive support for complex business planning including buy-sell agreement, income preservation, complex business planning, business formation, multi-entity and succession planning.
Mainsail Advisor Group, LLC will help you navigate through special situations such as marriage, divorce, birth, large inheritance or death. Some of these events can affect your investment strategies and estate plans.