Financial Planning For Your Life Transitions
Helping Hawaii Residents to Be Financially Ready for the Best - and the Worst
Financial transitions are both the expected and the unexpected events in life that you and your family will almost definitely encounter. Maybe more than one of them over time.
Most times you can prepare for them but other times they can be sudden, disruptive and draining on the financial front.
Financial planning allows you to navigate through, and even prepare for, these difficult emotional times while facing impactful financial decisions.
For example, many think financial planning happens only upon the death of a loved one, which includes the bequest of assets to heirs and the settlement of estate taxes. However, there is so much more to estate planning.
Financial transitions come in many forms throughout your lifetime. Preparing in advance will save you the time, heartache and expense when these situations arise.
Below are some of those life changes that our financial advisors can help you through or to prepare for now, from wonderful new phases of life to sustaining yourself and your loved ones at the hardest times you may face. Learn how our financial advisors can help.
You found the love of your life — but what happens when assets need to be merged? We’re here to suggest the best possible financial tools and the conversations that need to be done to create a cohesive financial future for both of you.
Starting a Family
You welcomed a new child to your family! Now you have a whole new set of decisions to think about, like long-term financial needs for everyone, from baby to you.
Should you carry life or disability insurance, save for college or update the beneficiaries on your retirement account?
Most importantly, you’ll need to create a will/trust should you have any assets or real estate, especially a home in Hawaii, to make sure your loved ones are taken care of should something happen.
Getting a Divorce
It is said that divorce is one of the hardest and most emotional events someone could possibly go through.
We can guide you through all the aspects of protecting yourself and settling any financial implications. During a tough, confusing time like this, you need sound financial advice and help. We promise you’ll get it from us.
Getting Remarried/Blending Families
We’re so happy you found a new person in your life but what happens next? Blending families can be the number one cause of future financial problems for some.
It’s paramount to ensure a balance of assets, debt and inheritance early on so subsequent problems are avoided.
We can help you create a financial plan from the beginning to prevent family problems or arguments. Start off right.
The #1 mistake most of our clients make is waiting to discuss plans for retirement. The best possible scenario is to plan early and plan now.
Once your retirement is approaching, we’ll help you devise a plan that specifies which accounts are the most tax efficient to withdraw funds from to cover your living expenses.
We’ll also help you create a portfolio that provides both income strength and growth for a healthy and comfortable retirement lifestyle. You earned it!
Medical Diagnosis/Death of a Loved One
Unexpected tragedy can strike at any time whether it is a medical diagnoses or sudden death. During these uncertain times, you and your family will be dealing with a lot of emotions and unknowns.
We can help you prepare for sudden financial pressures. If it’s a death of a loved one, we can help you retitle assets, collect insurance benefits, file estate tax returns and assist in probate matters.
Our mission is to guide you and help you create a new financial component that will ease you through these times.
Inheriting Wealth/Passing Wealth to Heirs
Inheriting wealth is not as easy as it seems. It is a life-changing event. Managing new wealth is imperative.
We will assist you in the areas of taxation, budgeting, asset titling, liability payoffs, risk management and estate planning for both present and future.
Should you want to leave assets to your kids, grandkids or favorite charity, planning ahead and appropriating all wishes in your estate planned documents in advance allows your family to grieve without disparity.
We make sure all assets are titled correctly and communicated appropriately to your desired power of attorney.
Starting a Business
You have started the business of your dreams but now need help managing the financial aspects. What type of entity should you be? How do you pay taxes on your income?
What type of retirement plan should you start? How do you track income and expenses? What types of insurances do you need?
These are just a few questions you may have. We can guide you through this time of growth and provide you clarity to ensure your future goals.