Comprehensive Wealth Management
As financial advisors, we offer comprehensive wealth management, a holistic approach to managing your financial well-being. Our goal is to create a tailored strategy that aligns with your unique goals, values, and resources, ensuring your financial success and security. By taking a comprehensive approach, we can identify potential opportunities, address any concerns, and make informed decisions to optimize your financial growth (security). When serving as your trusted partner, we will continuously monitor and adjust your financial plan, adapting to changes in your life and the market, so you can confidently focus on what matters most to you.
This service encompasses various aspects of your financial life, including but not limited to
- Financial Planning
- Investment Management
- Debt Management
- Insurance Planning
- Education Planning
- Retirement Accumulation & Withdrawal Strategy
Investment Strategies
At Boyd Wealth Management, we strongly believe that our investment philosophy reflects the values that drive our firm. Primarily, we strive to provide our clients with a disciplined, well-defined process that leads to favorable investment outcomes over time. We also believe in diversification, and as a result, we will create a fully customized asset allocation based on your individual risk tolerance, goals, time horizon, and tax situation.
We use evidence-based security selection and portfolio rebalancing to remove emotion from the decision-making process and utilize a sharp eye toward tax efficiency. Our team understands that investor behavior plays a critical role in determining long-term investment outcomes, and thus, we act as a partner to see you through the normal ups and downs inherent in any investment portfolio.
Tax Planning
As financial advisors, we understand the critical role tax planning plays in managing your financial well-being. Tax planning is a proactive approach to minimizing your tax liability while maximizing your wealth. It involves analyzing your financial situation and implementing strategies to ensure you take full advantage of tax-saving opportunities. We consider a variety of factors to create a tailored plan that aligns with your unique goals and circumstances, including:
- Tax-Efficient Investing
- Asset Location
- Tax-Loss Trading & Capital Gain Harvesting
- Distribution Planning & Roth Conversions
- Charitable Giving
- Review Tax Gotchas (Medicare IRMAA Surcharges, NIIT, Widow Penalty)
By staying informed on the latest tax laws and regulations, we can help you make well-informed decisions and ensure your financial plan remains tax-efficient. Our commitment to effective tax planning enables you to preserve more of your hard-earned wealth and enhance your overall financial success.
Retirement Distribution
Retirement distribution is the vital process of determining how to withdraw funds from your various retirement accounts in a tax-efficient and sustainable manner, ensuring a steady income stream throughout your retirement years. We carefully analyze several factors in this distribution planning, such as:
- Retirement Goals
- Life Expectancy
- Risk Tolerance
- Tax Implications
- Investment Performance
By creating a tailored distribution strategy, we aim to optimize the balance between preserving your assets and providing you with a comfortable retirement lifestyle. Our ongoing monitoring and adjustments to your plan will help you navigate the complexities of retirement distribution, allowing you to enjoy your golden years with peace of mind.
Business Retirement Plans
A business built to last is one that runs efficiently and is growing on a consistent basis. For most businesses, their most important asset is their people. We’ll show you how to reduce your income taxes, reward your team, and build creditor protected assets outside of your business.
When it comes to business retirement plans, our expertise is fully geared to help you with a variety of options, including:
- 401(k) & Profit Sharing Plans
- Defined Benefit Pension Plans
- Investment Support & Analysis
- Provider Search & Fee Benchmarking
- ERISA Compliance & Support
- Participant Education
Business Exit and Succession
The loss of an owner or key-employee can significantly impact or even permanently close a once thriving business. We help business owners prepare for the unthinkable so that you can be proactive and get ahead of any situation that calls for proper protection planning. Our team can work with you to create a plan that:
- Identifies, incentivizes, and retains potential successors and key people
- Organizes a comprehensive, well-thought-out and funded buy-sell agreement.
- Protects you and your team from the loss of income that can result from a disability
Additionally, a business is typically the largest source of personal wealth for most owners. Exiting your business is the most important transaction of your life. We’ve helped many business owners successfully navigate their exit, negotiate their deal, and map out a clearly defined post-exit strategy. Our team of experienced professionals can help you:
- Build the right financial, legal, tax, and banking team
- Know your numbers so you can negotiate your deal and execute with confidence
- Build an investment strategy with your sale proceeds that delivers a lifetime of financial security