- Fee-based asset management
- Mutual funds
- Stocks and bonds
- Exchange-traded funds (ETFs)
- Variable and fixed annuities
- Savings strategies and goal planning
Retirement Planning & Distribution Strategies
Whether you are in the accumulation phase or have already retired, a sound strategy is critical to:
- Meeting your retirement income needs, desires and expenses
- Maintaining lifestyle choices and priorities
- Ensuring that long-term goals and aspirations are addressed. This includes travel, healthcare, estate planning, charitable giving and other goals
We can help you develop a comprehensive plan to:
- Identify and pursue your lifetime income goals
- Minimize taxes on income—now and during retirement
- Evaluate the variables in your retirement plan to ensure alignment with your objectives
Tax Strategies
Nearly all financial decisions have tax ramifications. Tax liabilities associated with income, estate, gift and various state, excise and sales taxes can take a real toll on your wealth. Our team of experienced professionals can help coordinate the various aspects of your financial plan to maximize tax-efficient strategies in line with achieving your overall financial goals.
Insurance & Risk Management Solutions
Protecting yourself, your loved ones, your home or your business against unexpected events is a fundamental aspect of financial planning. Closing the gap on potential risks can be tricky without a comprehensive plan and process that methodically evaluates all potential risk factors.
That’s why risk analysis is an integral part of our ongoing process. We continually identify and analyze all risk factors and make objective and unbiased recommendations to provide you with the peace of mind you seek. We provide:
- Life Insurance
- Disability Insurance
- Long-term Care Insurance
About Long-term Care Insurance
When planning for your healthcare needs in retirement, it’s important to keep in mind that:
- Medicare is not nursing home insurance and does not cover long-term care
- Private medical insurance or Medicare supplement plansdo not cover maintenance care
Long-term care insurance can help you better manage healthcare costs while shifting the risk to an insurance provider. This helps to ensure your healthcare needs, and those of loved ones, are covered well into the future. Adequate financial planning now can help prevent a lifetime of assets from falling short when you need them most.
Multi-Generational Family & Estate Planning
Preserving wealth from one generation to the next can be complex and time-consuming.
Guidance from a competent, experienced advisor can go a long way toward helping make sure your financial success is shared with your family, friends and the charitable organizations you designate, according to your wishes.
We have helped generations of families develop wealth transfer strategies designed to reduce estate taxes while meeting specific legacy and charitable giving goals. Legacy planning often includes many non-monetary considerations that need to be documented or communicated to loved ones. Charitable Giving can provide tax benefits for you and your heirs. We conduct a full assessment of short- and long-term tax and estate planning implications to help you achieve your specific objectives.
We can help you articulate your estate planning goals and will work closely with your tax and legal advisors to ensure your financial plan reflects your estate planning needs. Or, if you prefer, we can provide our own team of professional advisors adept at the intricacies of estate and tax planning. Whether you use a trust or another method for accomplishing your long-term estate planning goals, we can assist you in navigating today’s complicated tax and estate laws.
WealthVisionSM
Through our WealthVisionSM tool we provide you with a secure, customized website that allows you and designated family members to see a complete real-time snapshot of every financial balance you have across financial accounts and institutions. This provides 24/7 access and full transparency into your account information and activity. With your permission, the site can be accessed by your other trusted advisors, including attorneys and accountants.
This complete aggregation of balances from your checking, savings, investment accounts, credit card companies and mortgage companies enables you to view an accurate, daily net worth statement that then dynamically overlays your financial plan, enabling you to see if you are on track every step of the way.
Additional Client Services
Proactive communication is a hallmark of the service we provide at Foran Financial. You can rely on us to maintain regular and consistent contact with you to ensure your plan is fulfilling your expectations. In addition to client meetings, we offer a number of communications on a regular basis, including newsletters and financial market updates. We also offer informative and educational client events throughout the year.
