Planning is Everything

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Our job is to help you build a realistic financial plan you can live with. 

​​Retirement Planning:  A major component of retirement planning requires evaluating income needs and expenses during retirement. By asking questions we work with you every step of the way structure an income stream to meet expenses and enjoy your life. Together we will evaluate your goals, needs, and wants  to create  a realistic plan whose potential outcome allows you to be confident in living your retirement lifestyle. Our expertise can also help you decide when to best time your social security, how to avoid unnecessary taxes for Medicare, and much more to improve your success and maintain your lifestyle. 


Ongoing Monitoring: Ongoing monitoring helps us identify problem areas and make adjustments to keep your plan on track.  We do this by evaluating your plan with you each year to help you find the best strategy to withdraw your funds along hedging your nest egg to protect it from things like inflation, rising interest rates, market risk, and unnecessary taxes.


Investment Management:  We utilize a number of alternatives and strategies to help our clients reduce market and interest rate risk.​ Our model portfolios aims to be diversified, low cost, tax efficient, and low turnover. We meet quarterly to evaluate and discuss adjustments to our model portfolio to keep it aligned with our clients risk tolerance and to help improve potential outcomes.

Tablet with Graph — Glastonbury, CT — Financial Resources Group, LLC

Our "Portfolio to Plan Process" links your portfolio assets with your financial  plan to determine the appropriate risk/reward formula needed to help fund your retirement and lessen your chance of running out of money.​



Portfolio To Plan

Income Planning  strategies are designed to minimize taxes, reduce risk, and provide more income. Are you aware of the 12 different strategies that can be used to withdraw money from your IRA?   We help you find which of the 12 strategies is the best fit for you to give you the most income with the least amount of risk and the lowest probability of running out of money.


​​Tax  Planning: We can help you design a plan that can potentially lower your taxes using some of the above mentioned withdraw strategies. We also can model out how certain decisions may increase your tax bill unnecessarily. For example, taking a capital gain versus pulling money from your IRA or should you do a Roth Conversion?  We have the expertise and the tools to help you make a fully educated decision since the wrong decision could be very costly. In addition, our investment management style is tax sensitive by design to minimize taxes on money you do not plan on spending in the near term. 


Risk Management is implemented to help protect income, reduce emotional decisions and help conserve your assets. We strive to reduce volatility by blending multi asset globally diversified model portfolios with certain insurance products and other safe financial instruments. We also help you evaluate the need to have umbrella liability insurance, health care expenses, and design a plan that helps to prevent being caught off guard with sudden expenses such as long term care or the financial perils that can be caused by the premature death of a spouse or loved one. 

Light Bulb on Black Board — Glastonbury, CT — Financial Resources Group, LLC
Blue Piggy Bank — Glastonbury, CT — Financial Resources Group, LLC

Estate Planning:  We do not practice law. However as true financial advisors and planners, it's our duty to help you  grasp the importance of having a proper estate plan. Estate planning allows you to pass on your assets efficiently  to your loved ones through the use of wills, trusts, charitable planning, and insurance, etc.​​​​  We are also very mindful of how you structure your beneficiaries for all types of accounts so they avoid probate or meet a special need so your inherited assets flow smoothly to the next generation and can me managed accordingly.  A list of qualified estate planning attorneys is available to you upon request.


Education Funding can provide a tax favored method to save for college for those clients who have children or grand -children.


INQUIRIES

We encourage you to schedule a consultation by filling out the form below to see whether our firm can assist you with your financial planning.

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