Every day we meet with corporate executives who have complex company benefits that are difficult to understand. The majority of our clients do not read their company’s benefit book, but we do, and we understand how to take advantage of all that your company offers in the most tax efficient manner.
Our clients who are in their 40’s are corporate professionals. Like most corporate professionals in this age range, they are busy with work, spend most of the remaining hours raising their families, and they struggle to make time for their finances. When you’re in your 40’s, you’re at the stage in life where you begin to have more questions than answers about your finances. Our clients realize that they are able to contribute more to their retirement savings in their 40’s than they were able to in their 30’s. However, they are often unaware of the best options to take advantage of all that their employer has to offer. They’re curious and unaware of all the sources of contribution. Are you able to identify all of the sources of contribution into your 401(k)? Do you understand the differences between 401(k)s, IRAs and the other options that are available to you? At WJA, we believe the asset accumulation phase is not only very important but also a key step in planning for the future of our clients in the 40’s age range.
Our clients in their 50’s are at the point in their corporate careers where they need to decide on how to take advantage of all their complex retirement benefits in the best way. They need assistance in understanding their options when it comes to company stock in their 401(k)s and other corporate benefits while ensuring that they are maximizing their benefits in the most tax-efficient manner. You may be familiar with terms like net unrealized appreciation, but you might not understand what it means or how it can affect you. In some cases, you may change employers over the course of your career and you may need help delineating between pension plan options. At WJA, we are able to ensure that our clients take advantage of all that their company has to offer while making sure that they are optimizing tax saving strategies.
Many of our clients in their 60’s are ready to begin spending more time with their kids and grandkids, and doing the things they love, which means spending less time at the office. They often make the choice to fully retire or to temporarily retire and work as a consultant on a part-time basis. At this stage, you’re most likely no longer receiving a salary, but you are still receiving other company benefits such as company stock, performance shares, and restricted stock. Our clients want the assurance that they are not paying too much in taxes, overpaying for benefits they may never use, or choosing the wrong insurance options. At WJA, we work with clients in their 60’s to develop well-thought-out and intelligent plans to help them stay on track to their financial goals.
It’s a fact that people are living longer due to dramatic advances in medical science, and that’s a good thing. Many of our clients that have entered their 70’s and beyond are still very involved in their financial matters and they want to make sure that they don’t outlive their assets. Families are becoming more and more important and helping kids and grandkids financially becomes a priority. Many of the same issues that are relevant to our clients in their 60’s also roll over in their 70’s. However, there does come a time when they need help with financial management. Making a smooth transition to a loved one at the right time ensures that our clients are able to continue to take advantage of the many decisions they made prior to retirement and feel confident about their finances as they continue to age.