At Van Pelt Wealth Advisors, we are a fee-based firm with a focus on comprehensive financial planning offering objective advice that is centered on helping you build and maintain the appropriate strategies throughout the many milestones of life. Our services include:
Financial planning is the process of identifying your financial goals creating a coordinated roadmap for how to pursue them, and then provide on-going monitoring in order to make the appropriate adjustments as your needs or goals change. We help you formalize and prioritize your goals, evaluate your entire financial picture, and develop a customized plan designed to guide you toward your objectives.
As a fee-based investment manager adhering to the fiduciary standard of always putting the best interests of our clients first, we believe that a diversified and flexible investment portfolio tailored to your unique situation is essential for pursuing your financial goals. Avoiding short-lived investment fads, we instead focus on market efficiency and sound economic philosophies. We begin by learning about your investment objectives, time horizon, and risk tolerance - all of which will drive your asset allocation and help us determine the right balance. Additionally, your investment portfolio will take into consideration your tax situation in an effort to maximize your after-tax return which is essential to accumulate the necessary funds to achieve your financial objectives.
We specialize in retirement planning, as many of our clients are approaching or already in their Golden Years. Typically, retirees are more focused on managing and preserving their wealth rather than assuming high levels of investment risk. In fact, many of the investment strategies and techniques used during the "wealth accumulation" phase leading up to retirement, need to be revised based on their new "wealth distribution" phase. Based on your goals, we can determine the necessary financial resources required to achieve your ideal retirement and identify strategies for building a consistent income that will last throughout retirement. We can also offer you advice and education on maximizing employee benefits, Social Security, 401(k) rollovers, and other complex financial elements of retirement.
Cash Flow & Tax Planning
While decisions are rarely made solely on the tax impact, it’s important to have a working knowledge of the income tax laws. The U.S. Tax Code is a complicated and confusing set of rules and regulations. Our understanding of the tax laws and how different streams of income are taxed, including investment income, allows us to assist you in developing cash flow plans that maximize your after-tax income during your lifetime as well as minimize the taxes paid when assets are transferred to your heirs. Working in coordination with your CPA, we are able to share ideas and strategies that may benefit you.
Family Wealth Transfer Planning
Preserving assets and transferring an estate to family and heirs can be complicated and confusing. Regardless of how large your estate is, it’s critical to plan what will happen to your wealth at your death. If an estate plan isn’t set in place, your wishes may not be carried out, as the estate will be transferred based on the probate laws in your state of residence. We can help you in articulating your estate planning needs and coordinate the work of other professionals who may be needed, including attorneys and CPAs. Whether you wish to use a trust or other method to transfer your wealth, we can offer guidance regarding today’s confusing estate and tax laws.
Many families and couples may want to help pay for their child or grandchild’s future college tuition. We can help you balance these needs with your retirement planning goals and evaluate educational plans, such as a 529 plan, that allow you to simultaneously save and plan for your retirement.
*All situations are different, please consult your financial professional for information regarding your needs and suitability issues. An investor should consider the investment objectives, risks and charges and expenses associated with municipal fund securities(529 Plans) before investing. More information about municipal securities is available in the issuer’s official statement. The official statement should be read carefully before investing.
Few things can erode your savings quicker than potential long-term care, long-term disability, or a premature death. We use proven strategies to advance and protect your wealth to meet the rising costs of healthcare while also offering insurance to protect the assets you have worked hard to build. If necessary, risks to your wealth can be mitigated by designing and implementing appropriate insurance strategies. With access to a wide array of insurance products, we can assist you evaluate what type of coverage is appropriate for your circumstances, including life, long-term care, and disability options.