As your financial partners, we will work with you to tailor specific investment and income strategies to your needs. We offer advice and investment management regarding the following topics:
- Retirement Income Planning
- Investment management
- Life and business planning insurance strategies
- Long-term care insurance strategies
- College savings strategies
- Estate planning strategies
Already have a portfolio?
At no cost to you, we will analyze your portfolio and present you with feedback.
We will cover a variety of areas when you partner with us. Every piece of your financial picture matters in order to complete the puzzle.
RETIREMENT INCOME STRATEGY: THE ART AND SCIENCE OF INCOME DISTRIBUTION
Eukles Wealth Management has developed a proprietary retirement income distribution strategy that will enable retirees to address the complications associated with producing lifetime income streams. The strategy addresses asset allocation, market volatility, longevity, inflation, investment selection and income distribution in a concise and effective portfolio that increases the likelihood of predictability in the outcome.
Safety, liquidity, income and growth. These variables are paramount in retirement income planning.
It is vital that portfolio volatility be mitigated during distribution. The impact of negative investment returns is exacerbated in the retirement income distribution process. Removing money from a portfolio during times of falling asset values is extremely detrimental to the long term sustainability of an income distribution stream. Eukles Wealth Management has developed a strategy designed to limit the impact of market volatility during the income distribution stage or your life.
Click here for a detailed description of our TIER Strategy
At Eukles Wealth Management, we will work directly with you to create and manage investment strategy dictated by your current and reasonably expected future financial situation. As independent advisors, we have a variety of investment products and tools to implement different strategies including:
- Preferred Securities
- Mutual Funds
- Exchange Traded Funds
- Real Estate Investment Trusts
We also offer access to discretionary equity portfolios. For more information please visit www.euklesam.com about our equity strategies
Life Insurance Strategies
There are many different uses for life insurance. As part of your comprehensive wealth management plan, we can discuss which type of insurance will be appropriate for you.
Common uses of life insurance:
Family Protection: A family dependent on one breadwinner should consider protecting against the potential loss of income from an unexpected death
Key person Insurance: A business dependent on an important employee should consider protecting against the potential increased costs and lost revenue from losing a key employee. In a key person insurance policy, the company is the beneficiary of the plan and pays the insurance policy premiums.
Buy Sell Agreements and life insurance: Buy and sell agreements are often used as a business succession planning strategy. Life insurance contracts can be used to ensure the availability of funds in the event of a partner’s death.
Irrevocable Life Insurance Trusts:“ILITs” can be a significant tool if your goal is to transfer wealth to a future generation in a tax efficient manner.
Long-Term Insurance Strategies
Long-term care is a variety of services and support to meet health or personal care needs over an extended period of time. Most long-term care is non-skilled personal care assistance helping perform everyday activities of daily living, such as bathing and dressing.
Neither Medicare, nor Medicare supplemental coverage, also known as Medigap insurance, nor standard health insurance policies cover long-term care. You have limited choices to pay for long-term care:
- Pay out of pocket
- Medicaid: Must have little or no assets to qualify and only covers Nursing Home Care
- Medicare: Only covers a portion of the first 100 days for skilled care; most care needed is non-skilled
- Long-term care insurance
The cost of long-term care is staggering. According to the National Clearing House for Long-term Care Information, Health and Human Services, 2010 report, the average annual cost of nursing home care in 2009 was nearly $80,000 for a private room. For the average stay of 2.5 years, total expenditures could reach nearly $200,000. Semi-private rooms are almost as expensive at over $72,000 for a semi-private room. With the increase in life expectancies, though, this average stay could easily double.
The high costs of Long-term care make long-term care insurance an essential part of an overall financial plan. Let us help you find a policy that makes sense.
College Savings Strategies
The costs of sending your children to college can add up quickly. One of the ways to prepare for the growing costs of post-secondary school is through a 529 college savings account.
529 savings plans can be used at virtually any accredited college or university in the U.S. and offer favorable tax benefits. Withdrawals from 529 plans can be used to pay for tuition, room and board, fees, books, supplies, and equipment required for enrollment.
Contact us today to learn how to open an account for someone you care for.
Did you know?1
- College graduates age 25 and over earn nearly twice as much as workers who stopped with a high school diploma.
- Among men, median earnings of four-year college graduates were 19 percent higher than median earnings of high school graduates in 1975. The gap grew to 37 percent in 1985, 56 percent in 1995, and 63 percent in 2005.
- Among women, median earnings of four-year college graduates were 37 percent higher than median earnings of high school graduates in 1975. The gap grew to 47 percent in 1985, and 71 percent in 1995. It was 70 percent in 2005.
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Estate Planning Strategies
The value of your taxable state will dictate the level of estate planning strategies applicable. However, everyone should take the time to plan the basics by establishing a living will and reviewing your current beneficiaries of all retirement accounts.
We will work directly with your attorney and accountant to identify potential issues and opportunities within your overall estate plan to help make the transfer of your wealth across generations more efficient.