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Our investment process not only leverages four specific factors that have been proven to enhance return and reduce risk, it is also customized to best fit your overall financial goals. Shakespeare combines technical knowledge, with ongoing advice, the ability to implement change on a timely basis, and investing your assets in a manner that meets your specific needs. The result is you win.
So how do you find out what type of adviser someone is? Ask your adviser what broker-dealer they are registered with. If they are a Fee-Based adviser, a broker dealer will be listed on their website and business cards, and you’ll see words like ‘Securities offered by…..’ and acronyms like SIPC and FINRA, followed by lots of legal disclaimers. Fee-Only advisers like Shakespeare, must register with the SEC and do not have to register with a broker dealer.
- A more complex financial situation relative to the average investor.
- Several moving parts to a financial plan, including multiple retirement accounts, investment accounts, real estate investments, second homes, businesses, LLC investments, complex family dynamics and more.
- They have saved consistently throughout their lives; and their asset levels now require the guidance of a more sophisticated adviser.
- They are preparing for retirement, needing help navigating Social Security, Medicare, 401k Rollovers, Pension distributions, tax planning, etc.
- They may be experiencing life transitions, such as loss of a loved one, divorce, widowed, business sale, retirement, career change, and more.
- Their number one asset is their family, and they have a strong desire to provide contingency planning for their family. They want to make sure they have a trusted adviser in place to help manage the family’s finances before a sickness or death occurs.
- Many live modest lives but have accumulated significant assets.
If you have a long term disability and don’t have proper LTC or disability coverage, the life insurance cash value could be used to pay bills OR the death benefit could be used to ‘reimburse’ your survivors for money that was spent out of pocket on your end of life care.
- Quantify your expenses, both current & future.
- Quantify your income, both current & future.
- Quantify your assets, both current & future.
- Understand the significance of inflation and its impact on expenses, income and assets.
- Understand the significance of sequence of returns during the distribution phase.
- Identify different ways to arrange your spending (either a static or dynamic approach to spending).
- Build a cash flow reserve ladder that matches short term liquidity needs with your immediate income needs.
- Build an investment portfolio that encompasses all of the above, accounting for the potential of both bull and bear markets. Use disciplines such as account rebalancing to keep your plan within safe parameters.
- Create a ‘synthetic paycheck’ from your assets, with scheduled monthly withdrawals to be deposited into your checking account to facilitate your cash flow needs.
- Stress test your financial plan to ensure your plan is working.