wealth management services

Our clients are our greatest assets
8335 Allison Pointe Trail, Suite 135 Indianapolis, IN 46250, Phone 317-818-1040
Alex Perkins

Alex Perkins

So, you've just decided to hang up your cleats and quit the working life. Congratulations. That's a huge life changing moment for you and your family. You've amassed this pile of wealth and now you need to figure out how to spend it down. The skill set required to spend down your portfolio is a much different skill set than the one you followed to accumulate your wealth (i.e. focused savings, starting early, smart spending). It's more of an art than a science, as there are many variables that need to be weighed against each other. If you’re not following these steps, you may be paying more tax than you need to, and therefore, have a higher likelihood of running out of money in retirement:

I've heard countless clients tell me how they 'failed' at retirement.  They enjoyed it for the first three weeks or even three months, then yearned to return to work.  They were not ready for it.  In some instances, I take blame for this as I did not adequately prepare them for this new freedom.  The freedom to do what they wanted, when they wanted.  The successful ones were ready for this new way of life, as they had already practiced via a trial run what they were going to do.  The unsuccessful ones didn’t.  They did not plan.

To increase your odds of a successful retirement, here are a few things to keep in mind as you contemplate this new way of life: 

Wednesday, 20 September 2017 12:00

Ten Financial Hacks for Everyone I Know

My family may be a lot like your family.  We have a doctor, nurse, lawyer, therapist, professor, corporate executive, electrician, engineer, project manager, consultant, public employee, designer, and many more across the occupational spectrum.  I wrote this article so that it applies equally to all of them. 

A bit of background: During our family reunion this year, which we held in the beautiful Outer Banks of North Carolina, I was asked to provide some financial planning advice to our family of 35.  Unfortunately, this never happened given we were all intent on other activities.  Had I had a chance to replay the week, here is a list of 10 items I would consider as financial hacks of sorts that presumes one is already doing the obvious to prepare for retirement:

Thursday, 14 September 2017 15:18

Equifax Data Breach: What You Need to Know

Last Friday, Equifax, one of the major credit reporting bureaus, issued a press release announcing that on July 29 it had discovered "unauthorized access" to data belonging to as many as 143 million U.S. consumers. We have compiled some information that we hope may help you understand what happened and what to do next.

Do you know what happens when you die?  I’m not asking in a spiritual or physical sense.  I’m asking about what happens from an estate planning perspective.  Do you know what impact your death has to the financial and developmental well-being of your children?  What if both you and your spouse die at the same time?  What about your house?  Your car?  The things in your closet?  Your financial accounts?  Who makes these decisions and who receives your assets are important to anticipate.

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