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Plan, Save & Grow Your Assets with 1842 Wealth Management
When you become a client at 1842 Wealth Management, founder and financial advisor Chad Cosens makes the following commitment to you:
I listen and learn what matters to you.
I explain options to meet your goals.
I will act in your best interest.
A thorough review of current savings, assets and debt is foundational to creating strategies to reach the goals of each client. After these areas are addressed, strategies can include the following services:
Retirement Income Planning
You’ve saved your whole life for retirement, accumulating and growing your nest egg. If you combine your accumulated assets with projected Social Security earnings, will you have enough income to retire and stay retired? We can help answer this question and others as we assess how your income streams can work together. We can also see if strategies for creating an additional income stream you can’t outlive are applicable in your situation.
Insurance Planning
We all hope to live long and healthy lives, however, being financially prepared for accidents and illness should be part of an overall plan. Life insurance is a way to make sure your spouse and family are financially provided for in the event of an untimely passing. Long-term care insurance can be utilized to make sure adequate support is in place if you need help with activities of daily living and health care tasks. And, disability insurance can provide a financial safety net after an injury or accident.
Social Security Strategies
Choosing when and how to draw Social Security can be a tough decision with hundreds of options. Decisions should always be made based on your specific situation, such as marital status, income need and timing. Making the best choice also depends on your additional savings and retirement accounts. We can help you navigate the possibilities so you get the most from your hard-earned benefits.
Tax Minimization Strategies
We know that most people don’t want to share their retirement income or legacy with Uncle Sam. While we can’t get rid of taxes, we can explore strategies to possibly reduce your tax burden. Every dollar saved today can be repurposed so that your money can work harder for you in retirement, so you don’t have to.
Legacy Planning
Protecting, preserving, and passing along your estate is important to overall financial well-being. We work to make certain you have a plan that allows you to protect your assets, save taxes, and pass along more wealth to heirs or a favorite charity or cause. It’s better to address legacy wishes today, while time is on your side.
401(k) & IRA Planning
Have you left retirement earnings behind when you have changed jobs? Or do you have too many uncoordinated accounts to manage? If so, we can help you round up those accounts and get organized. We can explain the different IRA account types and get you set up with a new account or rollover a current account.
Wealth Management
You’ve worked hard over the years to save for your future and grow your wealth. After the accumulation phase, most clients are concerned about preserving and protecting their wealth. No matter what phase you are in, we can help you get the most out of your nest egg.
Bear Market Survival Guide
The right asset allocation could reduce your exposure to market volatility. However, you also may want to incorporate other vehicles that can minimize risk and protect your retirement income. In this guide you’ll identify unique challenges that retirees face and gain tools that could help you enjoy the retirement you’ve always imagined.