FINANCIAL SERVICES
Sears Wealth Management & Insurance Solutions is committed to providing a range of financial services specifically tailored to meet the needs of Individuals, Families, Healthcare Professionals and Business Owners.
As Independent advisors, we prioritize your ideal interests and provide unbiased advice. We act as your strategic partner throughout your retirement journey, helping you pursue your goals with confidence and clarity.
A HOLISTIC APPROACH CENTERED ON THE FIVE KEY AREAS OF YOUR FINANCIAL LIFE
INCOME PLANNING
We are dedicated to crafting a personalized income plan that aligns with your unique needs and goals. We achieve this by working closely with you to assess your current financial situation, identify potential income sources, and develop a comprehensive strategy to ensure your retirement expenses are adequately covered.
What's included?
Social Security Optimization
We will help you understand your Social Security benefits and options, maximizing your income by determining the optimal time to claim these benefits.
Income & Expense Analysis
We will thoroughly examine your current income and expenses to gain a comprehensive understanding of your financial situation. Subsequently, we will collaborate with you to create a budget that effectively tracks your spending and safeguards against overspending.
Inflation Plan
We will guide you in formulating a robust plan to safeguard your income from the impact of inflation. During our discussions, we will explore a diverse range of options, including inflation-protected investments and annuities, to ensure that your income remains resilient in the face of inflationary pressures.
Longevity Protection
We will help you safeguard your income in the event that you live longer than expected by exploring a variety of options, such as long-term care insurance and annuities.
INVESTMENT PLANNING
Once your income plan is designed, we'll collaborate with you to design an investment strategy for your remaining assets, considering your risk tolerance, goals, and time horizon. This tailored portfolio will align with your individual needs and objectives.
What's included?
Assessing Your Risk Tolerance
To determine your risk tolerance, we will carefully consider factors such as your age, financial situation, and investment objectives. This assessment will enable us to tailor our recommendations to align with your unique circumstances and comfort level.
Adjusting Your Portfolio to Reduce Fees
Our thorough review of your current portfolio and investment accounts will enable us to identify areas where fees can be minimized. By providing recommendations aimed at reducing costs, we aim to help you save money and enhance the overall performance of your portfolio.
Volatility Control
We will collaborate with you to implement strategies that effectively control the volatility of your portfolio. Through discussions on asset allocation, diversification, and re-balancing, we will empower you with tools to manage and mitigate potential market fluctuations.
Evaluating Ways to Reduce Market Risk While Still Working Toward Your Goals
Working together, we will develop a comprehensive risk management plan tailored to your specific goals. By exploring various strategies, including insurance options and strategic asset allocation, we will strive to minimize market risk while ensuring progress towards your objectives.
Comprehensive Institutional Money Management
We will provide you with comprehensive institutional money management services, including day-to-day portfolio management and adjustments as needed to ensure your portfolio remains aligned with your goals.
TAX-EFFICIENCY STRATEGIES
A comprehensive financial plan involves implementing strategies to minimize tax liabilities. By adopting tax-efficient strategies, you can effectively help reduce taxes and enhance your after-tax returns.
What's included?
Assessing the Taxable Nature of Your Current Holdings
To establish a tax-efficient strategy, we will initially evaluate the taxable nature of your existing holdings. This assessment will enable us to identify investments generating higher taxable income as well as those generating less taxable income.
Incorporating Tax-Deferred or Tax-Free Options into Your Financial Plan
Once we have assessed the taxable nature of your current holdings, we can begin to strategize ways to include tax-deferred or tax-free money in your financial plan. Tax-deferred investments allow you to defer taxes on the investment income until you withdraw the money from the account. Tax-free investments allow you to earn investment income without having to pay taxes on the income.
Exploring Strategies to Leverage Qualified Money for Tax-Free Inheritance
If you possess qualified money, such as funds in a Roth IRA or a 401(k), we can discuss ways to leverage these assets to provide tax-free inheritance to your beneficiaries. By implementing these tax-efficiency strategies, we aim to optimize your financial plan, minimize tax burdens, and enhance the overall value of your investments.
HEALTH CARE PLANNING
We recognize the potential financial burden of long-term care and healthcare expenses in retirement. Our goal is to partner with you in creating a comprehensive plan to ensure you have the necessary resources to maintain good health and independence throughout your retirement years.
What’s Included?
Analyzing Options for a Long-Term Care Plan
Given the range of long-term care options available, selecting the most suitable one for your individual needs and circumstances is paramount. Through a thorough assessment of your requirements, we will assist you in evaluating the available options and guide you in choosing the approach that aligns best with your preferences and objectives.
LEGACY PLANNING
Legacy planning ensures the distribution of your assets to your chosen beneficiaries as per your wishes after your passing. A well-crafted legacy plan can help avoid probate, minimize tax burdens, and ensure your intentions are carried out.
What’s Included:
Maximizing Estate and Income Tax Planning Opportunities
A comprehensive legacy plan enables you to capitalize on opportunities for estate and income tax planning. For instance, through the utilization of trusts or charitable donations, you may potentially reduce estate taxes.
Mitigating Tax Liability on IRA and Qualified Accounts for Beneficiaries
While IRAs and qualified accounts like 401(k)s serve as effective retirement savings vehicles, careful planning is necessary to prevent beneficiaries from facing substantial tax liabilities upon your demise. A well-designed legacy plan can enable beneficiaries to withdraw funds from these accounts gradually, in a tax-efficient manner.
By addressing these critical aspects, we strive to empower you with a comprehensive legacy plan that safeguards your assets, minimizes taxes, and ensures a smooth transfer of wealth to your chosen beneficiaries in accordance with your wishes.
Insurance products are offered through the insurance business World Class Retirement Group, Inc. DBA Sears Wealth Management & Insurance Solutions (WCRG/SWMIS). WCRG/SWMIS is also an Investment Advisory Practice that offers products and services through AE Wealth Management (AEWM), a Registered Investment Advisor. AEWM does not offer insurance products. The insurance products offered by WCRG/SWMIS are not subject to investment Advisor Requirements.
Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Investing involves risk, including the potential loss of principal. WCRG/SWMIS is not affiliated with or endorsed by the U.S. Government or any governmental agency.
