Range of Services
Retirement planning is a continuous process that helps you define your goals, establish a plan, and implement strategies designed to help you toward realizing your objectives for retirement. By combining a client’s investment profile with capital-market realities while factoring in probable inflation, tax considerations, and spending requirements, we can then evaluate a range of strategies and plans.
Many of nePara’s clients are still in the accumulation phase where they are building substantial wealth from their business or profession. Each client, however, is eager to know whether what they have already accumulated, or can plan to acquire, is adequate to comfortably achieve all their key goals for retirement.
As you and your advisor progress through the planning process together, you will gain understanding of the implications of your choices in the context of all aspects of your financial life. By evaluating the odds of success over specified time horizons, a personalized asset allocation can be found.
We realize that taxes have a great influence over a client’s chances to achieve long term financial goals. Working in close cooperation with clients’ tax advisors wherever possible, your wealth advisor assists in integrating tax management into every aspect of the process: deploying year-end strategies to offset realized gains against losses, timing purchases and sales accordingly in taxable accounts, accounting for all clients’ tax lot holdings, selling high-cost lots first, and distributing detailed reports to clients and their advisors for use in completing tax returns.
The following general guidelines are followed wherever possible:
- Offset realized gains by realizing losses
- Track all purchases by lot, specifically when and at what price
- Use year-end strategies to harvest losses without compromising return or risk
- Hold securities long enough for gains and dividends to qualify for lower tax rates
- Consider the dollar size of potential taxes as well as rates
- Delay taxability until the following year when practical
It is important to note that these tax management strategies are implemented for your portfolio on a personalized basis. No one tool to manage taxes will work for all investors. Accordingly, we consider every relevant aspect of your finances including but not limited to:
- Client’s age and investment horizon
- Potential for step-up in cost basis on inheritance
- Your exposure to the Alternative Minimum Tax
- Your marginal tax rates and whether that will change
We feel strongly that investment management should be an outgrowth of your financial plan. Your advisor will employ a disciplined approach for the highest probability of helping you realize your goals, as well as monitor your portfolio and adjust your investments when needed to ensure consistency. Regardless of the size of their account, each client gets the high touch services we have to offer. In designing your portfolio, one or more of these investments may be employed:
- Index funds and similar instruments
- Mutual funds – both actively and passively managed
- Individual securities – including help with concentrated positions
- Separate account money managers
In addition to our standard services, we have built a range of capabilities and tools to help our clients who have specialized needs:
Major Purchases such as the purchase of a second home for vacation or income, recreational asset (RV, boat, etc.) or annual vacations. Our experience can also assist in areas such as family (wedding for children or support of parents) and business needs (expansion of business, new capital venture).
College savings plan s enable residents of any state to set up investment accounts to fund a family member’s college education without taxes on the investment earnings or on eligible withdrawals, while also removing the contributed money from the estate. Please note that this is subject to future changes in legislation. Contact us for more information.
Risk Management assessments to evaluate key areas of risk: Impact of illness on income and assets, impact of death on estate and/or survivors, and the impact of personal injury.
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