Our team has developed and refined a process to help you implement strategies to reduce the impact of income taxes on your investment assets throughout retirement. It is a dynamic process that adjusts to your situation and the ever-changing financial landscape to help you meet your retirement lifestyle goals. We call it our STAR Process: Strategies to reduce Taxes on investment Assets throughout Retirement.

Meeting with an advisor at Wealth Distribution Strategies is all about you, our client. It is about developing a financial strategy that will assist you in meeting your goals. Whether you are just starting out and want to save for a new home or child’s education; or you are in the middle of your journey and want to plan for retirement; or you are already retired and want to make sure your investments are working for you, having a strategy is important. Here's what you can expect from the advisors and staff at Wealth Distribution Strategies as we partner to develop your personalized financial strategy.

Education

At WDS, we believe education is key to achieving your financial goals. Our retirement courses, offered through UW Extension, provide the knowledge and strategies to help you plan with confidence. In our comprehensive two-day course, you’ll explore effective ways to save for retirement, reduce income taxes, manage investment risks, and protect your assets from potential long-term care costs.

In addition to our retirement classes, we host no-cost monthly educational events covering essential topics like Social Security, Medicare, tax planning, and health care. Our primary mission is to equip our clients with the knowledge and tools they need to make informed decisions that lead to the best outcomes for their future. Your success is our priority, and it starts with empowering you through education.

Initial Meeting

This meeting is designed for you to inform your financial advisor about your current situation and the lifestyle goals that you are working to achieve. At this meeting, we will use our data form to guide our conversation and make sure we have a good understanding of your goals and objectives.

Comprehensive Financial Analysis

This is an educational process that we organize in a binder to go through the many components of your analysis. The analysis includes:

• Financial Profile – We review your lifestyle goals, income sources, insurance, benefits, investment accounts, and assumptions on taxes and inflation.
• Asset Allocation – We review your current household allocation in comparison to a target allocation based on a Risk Tolerance Questionnaire. We also use Morningstar analytics to educate you on your current holdings and discuss strategies to reduce risk and/or enhance potential returns.
• Retirement Goals – We help you determine if you are on pace to meet your retirement goals through three different methods, including a Monte Carlo Analysis. We also discuss how pensions, Social Security, other income sources, and taxes will impact your ability to have a successful retirement.
• Distribution Process – One of the most overlooked expenses that people have in retirement is income taxes. We will help you understand the impact income taxes will have on your distributions from different types of investment vehicles.
• Survivor Needs – Many people have life insurance, but do you have the correct amount? Based on your individual goals, we can help you determine an appropriate amount and type of insurance to best meet your needs.
• Long-Term Care Needs – Have you considered how you may pay for expenses related to a long-term care experience? There are many different ways to approach this often-overlooked retirement expense; we help you navigate the options.
• Action Items – Strategies and ideas to enhance your situation are discussed. This includes potential investment allocation changes, Roth conversion strategies, and establishing a retirement income plan.

Schedule a complimentary meeting to find out how we can help you.