At Innovative Wealth Solutions, we work with a diverse range of clients, from Millennials building their careers and families to couples transitioning into retirement. Whether a client is focused on building assets or is concerned with preserving their wealth in retirement, we create cohesive financial strategies that address all elements of their financial picture.
We strive to help clients create an investment portfolio that produces an appropriate diversification based on their individual goals and risk tolerance. Our goal is to help clients receive the highest rate of return with the least amount of risk. We can assist with a number of investment vehicles, including bonds, stocks, ETFs, mutual funds, and more.
Retirement Planning Strategies
Many of our clients preparing for retirement are less focused on taking risks and more focused on preserving their assets. With this in mind, we develop conservative strategies with a focus on risk management. We seek to identify opportunities for building a consistent income that will last through retirement, and help clients feel confident in their future.
As clients approach retirement, many have a number of questions regarding Social Security. How much will my income benefit be? How do I maximize my benefits? When should I begin taking Social Security? We understand the complexities of Social Security and can address our clients’ questions.
Preserving wealth and leaving a legacy in a tax-efficient manner to family and heirs can be complicated and confusing. If an estate plan isn’t set in place, one’s wishes may not be carried out, as the estate will be transferred to the state to handle according to probate laws. We seek to demystify the common misconceptions of estate planning, assist clients in articulating their estate planning needs, and coordinate the work of other professionals who may be needed, including attorneys and CPAs.
College Planning Strategies
A major concern among families is determining how they will pay for their children’s college expenses while still saving for retirement. We can help clients calculate college costs, evaluate funding options, and create an education strategy tailored to their goals.
Insurance is an important part of a complete financial strategy. With access to a wide array of insurance products, we help clients determine what type of coverage is appropriate for their circumstances, including life, long-term care, and disability options.