Wendell Charles is committed to providing quality, comprehensive financial advice to our clientele. An important, but often overlooked aspect of planning is the proper management of risks. Building wealth takes hard work and discipline, and we feel it’s important to protect that work as well as the people and things that are most important to us. Market turns, health issues and sudden expenses can throw off the best laid plans.
Risk Management is crucial to ensuring positive outcomes for your family, business, and your retirement. Whether it’s keeping a rainy-day fund, purchasing insurance, or establishing a securely funded estate plan, we are committed to helping you move through life’s twists and turns, confidently.
Defensive Financial Planning Strategies
Over the next month, our new VP and head of risk management, Josh Youngblood, will be reaching out to you to audit some of your defensive planning in an effort to better serve you. For the proactive, please reach out if you have thoughts or concerns. Josh will be helping you focus in 3 key areas:
Auditing your current life coverage and benefits
We call this our “Policy Review Program” in which our team is available to examine your work benefits and options as well as assist with updating your account and insurance beneficiaries. In addition, auditing your family’s life insurance for cost, duration (if term), and adequate coverage analysis.
Determining your existing non-life insurance gaps
Often overlooked compared to life insurance, disability coverage is of equal importance and statistically, it is a higher probability scenario. For those that remain income dependent, we need to fill this gap after conducting an analysis for you.
Do we have a plan for long-term healthcare events in retirement? Implementing long-term care coverage in addition to health savings accounts and other solutions will be reviewed.
Creative solutions for estate tax, business succession, charitable giving, and other complex scenarios
How can we maximize the transition of wealth to your heirs? Do you need a plan for business succession or a buy/sell agreement? What philanthropic goals do you and your family have?
Josh Youngblood will also go over cash reserves and low risk asset building to compliment your existing investments.
If you would like to preemptively schedule an appointment, please contact Melissa Mills by calling our main office line or emailing firstname.lastname@example.org and mention you need a custom risk management review.
This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. You may also visit your state’s insurance department for more information.