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Don't Just Hope for Retirement…

Plan for it

Retirement Planning

Retirement – We all look forward to a comfortable retirement with both the time and money to pursue the activities in which we have dreamed. Along the way, we often wonder, “Am I on the right track?” This nagging thought builds as we get closer to retirement day. Questions arise like, “How do I manage my retirement savings to provide a dependable income throughout my life?” or “Should my investment portfolio change as I approach retirement?” Fourth Avenue Financial is here to answer all of your retirement questions and bring you the peace of mind that you deserve as you approach your retirement. We have successfully guided hundreds of families through retirement in both good and bad markets. We also understand that everyone’s vision of retirement is different. Our number one priority is to listen to you and build a solid plan to get you there.

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College Planning

College expenses have risen at a rate much faster than inflation for the past few decades. What was once a pay as you go endeavor has turned into a major life expense that takes careful planning to achieve. Fourth Avenue Financial can walk you through the investment options available for college savers, including state sponsored 529 plans. We can discuss issues such as parental control of the investment fund and tax advantages that each option offers. Would you like to know how much college may cost in the future for you young child or grandchild? We can model future costs and report how much you will need to set aside each month to achieve your funding goal. It is certainly much preferable to save for this expense and let the power of compounding interest work for you rather against you in the form of burdensome student loan debt.

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Estate Planning

Estate planning is extraordinarily important, even if it is the not most exciting thing to discuss. Every day loved ones are left to deal with confusing, irritating and often complex matters when administering estates. Many of which can be resolved with proper estate planning. Often families wait until it is too late, to properly execute a plan and you know that you do not want to unnecessarily burden your loved ones after your demise and you want to know your final wishes are handled in the most tax efficient manner and that the estate administration process, which often can be complex, time consuming and expensive, is the smoothest possible. Over the years, I have witnessed families sorting through boxes and files for stock certificates, estates that need be reopened upon discovering items that were not properly probated, and general confusion as to how the beneficiaries were supposed to share in the funds as well as deal with obligations and responsibilities. While we are not a law firm and do not do legal work at Fourth Avenue Financial, we have an experienced attorney on our team to help suggest and direct you and your family to the appropriate, knowledgeable and experienced estate planning attorney in your area, be it in West Virginia or other locations, who can assist you in organizing your estate in a comprehensive and complete fashion, also best protecting your assets and resources by properly handling your affairs. Working cooperatively with skilled estate planning professionals such as attorneys, CPAs is what we do to help clients. We will work with you and your attorney and CPA to ensure that all your beneficiary designations align with your estate documents, and that your estate plans are set up to minimize tax and other liability exposure to best insure your wishes are carried out.

 
 
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