Three-Step Review

The 3 Step Review can help assure that your retirement and investment plans are focused on your concerns and desires and put the control back in your hands. Taxes FIRST!

In order to take true control of your financial situation, you first have to see if there is money bleeding out on your tax return. This is where we start each review.

Step 1

The first step of our review is a careful overview of your last two year’s tax returns. This is where we begin to formulate strategies to see if you are currently being affected by phantom income, stealth income or incorrect uses of taxable and tax-deferral strategies. Our analysis will help to discover missed opportunities for offsetting gains and losses. We will explore how proper tax strategy can work to reduce taxes on income like Social Security and assets you are building for legacy or for use later in your life. Our 3 Step Review can help you implement the correct strategy to lower or eliminate your taxes and find the money falling through the cracks now and in your future.

Step 2

The second step is a risk & fee analysis to make sure your investment risk exposure is one you are comfortable with and is in line with your investment allocation strategies. Has the kind and type of risk you want to take in your current stage of life match the makeup of your portfolio? Standard risk questionnaires are subjective, inadequate and not really indicative of what one’s true risk tolerance may be. We will assist you in quantifying your current risk by utilizing an objective analysis with RiskAlyze to see if what you really want is different than where your current position might be. We call that portfolio disconnect when what you think you have is different from where your advisor has placed your current assets. What was the true return on your investments, not the hoped for one? Do you have to take more risk to get better returns? Would that be critical to quantify?

After we work with you to determine the risk of your current positions, we will objectively quantify the fees. Using Morningstar, an independent investment research group, we will determine the true fees, including those that are hidden and quantify what those fees are and how they affect your portfolio now and over the next 20-30 years. Would it be critical to know what the actual and hidden fees are in your current portfolio and how they affect the return?

Step 3

The third step is an income analysis to determine if you are using your income sources efficiently to minimize taxes. Do you have adequate income to meet your future needs, factoring in inflation, which may be different than government quoted inflation rates? Are assets you plan to pass to legacy being taxed as income now? Have you planned for the tax burden on your retirement plans when they pass to your beneficiaries? Are you utilizing a plan to have your assets grow tax-free and then become tax-free income to you?

A discovery interview where we focus on high education and low tension through our 3 Step Review will help define and quantify what is your true risk comfort level and see if your current positions reflect your desires. We can assist you in understanding how to help you avoid possible future losses of which you may not be aware.

There is no better time to look forward and take control with a 3 Step Review. Find out if you have problems like phantom income taxation or a wide variety of other tax issues. Are you preparing to sell real estate? Do you need to increase your income stream or lower your risk level? Have you lost a spouse and now have all the financial decisions to make? Are you retiring or rolling over a large sum of money? Are you selling a business? A complete discovery of what you want your money to do for you is the most important first step.

A powerful benefit of our 3 Step Review is that it applies to any financial decision or concern you have, helps to stop money from falling through the cracks, and it assures that any major financial decision is right for you. In other words, learn what questions to ask before making any financial decision and identify ways to assure your decisions are in your best interest.

Our 3 Step Review will also help determine what your next steps should be or what other areas need review, such as your estate plan, long term care issues, charitable planning, and more.

Contact Us

Call 314-222-2788 or contact us today to learn how our no obligation, 3 Step Review can help you with your specific concern or situation.