Comprehensive Financial Planning: A Holistic Approach to Your Financial Success

When retirement feels like it’s decades in the future, why would you want to start thinking about it now? But the sooner you start, the easier the transition will be when the time comes. By running collaborative retirement projections, you can see what your current path looks like and if any adjustments to your plan might help you retire more comfortably. Then when you are close to or at retirement, the conversation expands to discuss what is next and how will you continue to feel fulfilled.  Wealthstream assists retirees with their full spectrum of financial needs, whether that be investing, saving, budgeting, withdrawal strategies, spending, or a combination of them all. We’ll put together a customized plan that helps with: 

• Aligning retirement investments with overall goals.
• Developing retirement income distribution strategies.
• Helping you understand your retirement payout options.
• Creating Social Security maximization strategies.
• Providing estate tax and distribution planning, as well as long-term-care planning and retirement scenario planning.

Wealthstream will also assist with legacy planning so a framework is in place for anyone who takes over in the future.

Executives are often given access to unique retirement benefits, equity compensation, deferred compensation, performance units and/or other financial planning opportunities. As such, it’s important to have a deep understanding of, and know how to best utilize, all of the benefits you have earned. Our team of professionals will work with you to develop the best options by providing insights on:

• Deferred Compensation Plans
• Backdoor Roths and Roth 401(k)s
• Equity Compensation
• Executive Pension Plans
• Private Insurance Options

Receiving an inheritance can be an emotional experience as you grieve the loss of a loved one and try to understand what steps to take in your new financial situation. Enlisting the help of a professional can be a weight off your shoulders and help you make informed short- and long-term decisions about the sudden wealth you’ve received, whether that is cash and investments or an or illiquid asset, like real estate. Working with our skilled team, you’ll receive a customized plan designed to meet your financial goals. In addition, we’ll help you navigate any tax requirements and formulate a strategy to minimize your overall tax burden. If there’s a concern with estate tax, we can help determine if the alternate valuation date should be used or if the asset should be disclaimed.

Wealthstream’s team of Advisors are here if you need guidance building your own estate or inheritance plan. We’ll make sure your documents are up to date and follow current legal requirements to help make things easier for your family and loved ones.

Managing your own business can be overwhelming, especially when balancing immediate and future needs. Wealthstream is as dedicated as you are to helping your business thrive by providing business owners and entrepreneurs tax planning strategies, estate tax and distribution strategies, insurance needs analysis, cash management, and succession planning. 

Other services offered include:

• Managing variable income and liquidity events.
• Helping with money management.
• Retirement planning, including maximizing owner/partner benefits as well as establishment and servicing of company retirement plans.

Partners at these companies (Deloitte, EY, KPMG, and PwC) have comprehensive retirement plans to help better set them up for retirement. While not all plans offered may make sense for all partners to take part in, they should be reviewed in tandem with one’s overall financial plan. Our team will help you with:

• Independence requirements
• Cash management vehicles
• Roth vs. Traditional retirement accounts
• Non-qualified deferred compensation plans
• Pension plans
• Life insurance

The opportunity to work or live abroad can open you up to a bounty of new experiences. This applies not only to your personal life but also your financial life. But with the latter comes a slew of new considerations to take into account, including investments, taxes, finding a new home, keeping your US home, and switching health, life, disability, or long-term care insurance. 

While this may seem overwhelming, we’ll help you prepare your portfolio for your move and maximize your wealth, including:

• How your destination’s country may impact your US investments.
• Any US regulations that may impact what you can invest in abroad.
• Balancing US and foreign exposures to your investment portfolio.
• Identifying and avoiding common missteps when it comes to taxes both domestically and abroad.

We’ll also educate you on your new tax status as a professional moving abroad, such as determining which taxes you may face both domestically and overseas, and any advantages that you may no longer have access to. And, if you decide to return home for any reason, we’ll fine-tune your plan to make the transition as smooth as possible.