YOUNGBLOOD WEALTH
Our Focus
No matter what you’re investing for, we will be your partner, collaborating with you to develop an investment portfolio and wealth management plan based on your goals, timeline and risk tolerance. When life events call for adjustments, we'll be there to help you stay on track.
What are You Planning for?
Explore the different elements that make up financial wellness —planning, budgeting, saving for retirement, college funding and estate planning— and how they collectively define your financial health.
Articulating Your Goals
The first step in establishing a plan customized to meet your needs is clearly defining your goals. By helping you determine what “wealth” means to you, your advisor will make thoughtful recommendations that align with your goals. Working with us means you will have more than a portfolio – you will know where you’re going and have a plan to help you get there.
Building a Portfolio
Before a single investment is chosen, developing a strategy to help you reach your goals takes many things into consideration, including what type of growth you’ll need, when you’ll need money, liquidity concerns, risk tolerance and the most appropriate type of account. With a strategy in place, your advisor can make personalized recommendations from a full range of investments backed by comprehensive research and due diligence – everything you need to put your strategy to work.
Navigating the Market Ups and Downs
Effective financial planning focuses on long-term goals while managing risk along the way. The collaborative relationship you establish with your advisor will deepen through the years, allowing you to navigate potentially emotional periods of volatility in the markets as well as changes in your life or investment timeline.
You’ll need income beyond your working years. But how much? When? And from what sources? With people feeling younger and living longer, some are choosing to remain in the workforce – either by continuing in their professions or enjoying encore careers. Many are planning for an active lifestyle, one that might include travel to once-in-a-lifetime destinations.
From a Vision to Reality
As we live longer, we also must consider the increasing costs of healthcare and long-term care, as well as the need for our money to last for not just a few years, but potentially decades.
Stretching Your Retirement Income
Careful consideration must be given to the variables involved and how to make the most of your resources. Just because you no longer receive a paycheck doesn’t mean you won’t need steady income. The planning process continues into your retirement. Your advisor will work with you to develop an income stream designed to last a lifetime and help ensure a confident retirement.
Social Security
In theory, Social Security seems simple. But this retirement benefit is in fact quite nuanced, with a number of variables to consider – including when to start collecting, how to maximize your benefit and what to do if you choose to go back to work. We'll help to guide you through the decision-making process to help you to make choices that best suit your income needs.
Rising Costs of Health & Long-Term Care
As we live longer, we also increase the likelihood that, one day, each of us could face a health issue or need long-term care. The increasing costs of such care can test the limits of anyone’s wealth. Your advisor can help you consider ways to alleviate those costs, as well as the stress of providing quality care for loved ones.
When Can I Retire?
The definition of retiring “on time” has changed from 65 to whenever you’re ready. Many workers may delay reitrement until their late 60s or early 70s. To determine when you can reasonably expect to retire, you may wish to consider both your sources of income and your monthly expenses. Your advisor can help you plan for all of the things you want to do.
Distinctive Guidance for Significant Wealth
With significant wealth comes great opportunity, as well as an increasing complexity of choice. While maintaining and growing your assets is critical, equally important is developing a strategy for leaving behind a legacy, and having the freedom to pursue what’s most important to you.
As an independent firm with the institutional capabilities of LPL Financial, we provide the intellectual capital and resources needed to offer a truly dynamic approach to your investment objectives.
As an independent firm with the institutional capabilities of LPL Financial, we provide the intellectual capital and resources needed to offer a truly dynamic approach to your investment objectives.
Engaging Our Team
We adapt our approach based solely on your preference, with an emphasis on fostering a trusted relationship that encourages an open exchange of ideas and shared concerns. Most important, we are available whenever you want to discuss your ongoing portfolio performance, and we proactively reach out to you when we identify opportunities to potentially help grow and preserve your wealth.
Areas of Concentration
- Comprehensive financial planning
- Advanced estate planning
- Investment consulting
- Advanced portfolio analytics
- Tax sensitive investing
- Alternative investments
- Trust services
- Single stock risk management
- Executive Compensation arrangements
- Business exit planning
- Financial windfall planning
- Insurance planning
- Foundation and endowment guidance
Partnering with Those You Trust
In concert with our experienced staff, we can engage a network of trusted professionals such as accounting, legal, real estate, and insurance professionals to support all facets of your wealth management needs. We can also partner with existing experts whom you have come to know and trust.
We offer access to quality investment and insurance strategies customized to address the individual needs of businesses of every size and in all stages of development.
Retirement Solutions
SEP IRA
A simple and relatively inexpensive way for sole proprietors and smaller businesses to offer a retirement plan. There are
no mandatory or minimum contributions, and funding is provided by the employer only. If you have employees, you may be required to contribute for them as well. As the business owner you can deduct contributions from your company’s federal taxable income.
SIMPLE IRA
This plan offers minimal costs and administration. SIMPLE IRAs are funded by employee and mandatory employer contributions.
Employers have a choice of matching dollar-for dollar up to the first 3% of employee pretax contributions or matching 2% of compensation to all eligible employees. Works well for companies with 25 or fewer employees. As the business owner you can deduct employer contributions from your company’s federal taxable income.
Solo 401(k)
The Solo 401(k) may be a good option for the small business owner, with no employees, who is looking for an inexpensive way to save more money than most other retirement plans allow. You can contribute using a combination of salary deferrals and profit sharing with no mandatory or minimum contributions. Spouses and equal business partners are also eligible to participate. You may choose to allow a Roth 401(k) salary deferral within the plan. As a business owner you can deduct contributions for yourself and your partner from your company’s federal taxable income.
-401(k)
The 401(k) is the most commonly used employer-sponsored retirement plan, becoming increasingly affordable and more widely used by businesses of all sizes. It’s a flexible plan offering the highest level of employee pre-tax contributions, a wide range employer contribution options, and an optional loan provision. It works well for companies with 10 or more employees who want to start a new plan or transfer an existing plan. Employers may choose to allow Roth 401(k) salary deferrals within their plan. As the business owner you can deduct employer contributions from your company’s federal taxable income.
* This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.
In addition to its privileges, your professional success is accompanied by certain complexities and responsibilities. To help you manage them, we offer you strategies for:
- Concentrated equities
- Income tax awareness
- Risk management
- Share repurchasing
- Corporate benefits planning
- Executive benefits
- Employee retirement plan programs
Your Financial Advisor
Your financial advisor is available whenever you need to evaluate your options, or discuss financial factors that may affect your ability to accomplish life goals. We proactively reach out to you when financial opportunities present themselves.
In Person, and Online
Our wealth management system provides both you and your advisor with a secure view of your financial progress.
We can collaborate with you in person or online at any time, no matter where you are.
Document Storage
Keep your private and shared documents in the vault for access when you need them.
You, your advisor and other chosen professionals can securely access and exchange files when necessary.
Insights in Action
Your personal financial website serves as secure, up-to-date window into to your entire financial picture - accessible to you at any time and anywhere.
Unlike online banking, online shopping or bill pay, our system is non-transactional. Learn more >