Maximizing family legacies with multigenerational tax saving opportunities.

Advanced financial planning services for families who

- are in their 50s-60s and caring for aging parents,

- have power of attorney on their aging parents,

- want to be proactive in preparing for their own retirement and minimizing taxes across two generations, and

- have investible assets of $2-10M between both generations, including 401(k)s

Author of The Inheritance Playbook

Create Your Inheritance Playbook as a Proactive Power of Attorney

Schedule a Consultation Today

Chad Holmes, CFP®, CPA, CPWA®

I serve baby boomers and their parents in order to minimize taxes across the two generations and maximize the parents’ legacy

Our Advanced Financial Planning Services

 

Tax Savings

What are the advantages of paying more than the required minimum distribution (RMD) from my parent's IRA? From which account should I pull my money? How can I avoid paying capital gains on this stock I've held for decades? Can I defer income this year into a retirement plan?

 

Investments

Should my parents' portfolio be ultra-conservative? How should I invest my money? What do I do about this crazy market? Why do I need to invest? Am I too aggressive or too conservative?

Risk Management

How should I adjust my parent's risk tolerance if the assets are meant for next generation? What kind of life/disability/long-term care insurance do I need? Do I even need life insurance? How much is enough?

 

Retirement Planning

How will I know when I can retire? How much should I be saving to ensure a successful retirement? When do I claim Social Security? How do I decide which Medicare plan is right for me?

Family Steward

What can I do to best serve the financial needs of my parents and my children? Does paying for a financial advisor actually cost the family more than it saves/earns? What are my legal obligations as a Power of Attorney?

 

Estate Structures

How should I title my parents' assets to take advantage of the tax laws? Is my will appropriately written? How can I utilize an Irrevocable Life Insurance Trust to reduce the effects of estate taxes?

Distribution Strategies

From what accounts should I pull money this year? When would a Roth conversion make sense for my family? Why would I advance unnecessary income in my early retirement years?

 
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The Formula Wealth Difference

Multigeneration planning is very different than your average financial advisor engagement. Many common strategies won't apply, and many other opportunities are uniquely available to your family. As your fiduciary planner, I would love to get to know the unique dynamics that make up your family (the good and the bad!). As we get to know each other, we'll design implementable strategies that work for you so you can focus on what really matters: time with family.

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