Financial Planning
Netvescofinancial planninghelps you prepare for life events
What Is Comprehensive Financial Planning?
Comprehensive planning begins with a detailed evaluation of your current situation and future expectations.
Then, a planner develops strategies to accomplish your financial goals and monitor your economic success.
Our Plan Components Focus On Your Life Goals
EDUCATION PLANNING
INSURANCE PLANNING
INVESTMENT PLANNING
TAX PLANNING
RETIREMENT PLANNING
ESTATE PLANNING
Education Planning
Higher education is becoming increasingly expensive. If you have children or other dependents who wish to pursue a college degree, you may want to help them to pay for it. To this end, education planning helps ensure that you can.
In its 2021 study on Trends in College Pricing and Student Aid, the College Board reports that the average cost of attending a four-year in-state college is $27,330 per year. For out-of-state students at public universities, the average budget comes to $44,150. Meanwhile, those at private colleges spend approximately $54,800.
Netvesco LLC (“Netvesco”) helps individuals and families achieve goals for funding higher education expenses. Specifically, we advise clients on how to use savings vehicles to pay for college costs. Then, we work to incorporate educational funding within your overall financial plan.
Insurance Planning
You work hard to earn and invest your money. However, within the blink of an eye, external risks can decimate your investable assets. For this reason, insurance planning is one of the most important components within a comprehensive financial plan.
Most people experience different risks at different stages in life. For instance, young adults burdened with mortgages and children may face the risk of disability or loss of life. Also, aging seniors often have concerns about long-term care. Thus, Netvesco works with clients to identify their greatest sources of risk. Then ,we analyze current coverage. In addition, we determine the appropriate property, liability, disability, life, and health insurance required to mitigate those exposures.
Netvesco designs and implements policies to help clients achieve peace of mind. We use insurance planning to help you protect what matters most.
Investment Planning
Netvesco practices goals-based investment planning. Rather than obsess over excess market returns, we structure customized investment portfolios based on specific financial objectives and personal risk tolerance profiles. As such, Netvesco allocate assets in alignment with client goals–like saving for children’s education or building a retirement nest-egg. Then, we measure progress towards those objectives.
The Netvesco investment planning process adheres to a set of six integrated steps. First, we identify client objectives and constraints. Second, we create an investment policy statement. Third, we determine the appropriate allocation strategy. Fourth, we select and implement the securities. Fifth, we review and rebalance the portfolios. And sixth, we measure and evaluate performance. As a result, this approach enables Netvesco to effectively serve clients’ needs.
Tax Planning
At Netvesco, we believe that it is not what you make. It is what you keep. Yet, for many people, taxes represent their single largest expense. So, when it comes to developing our investment strategies, we do not just focus on higher return. We focus on higher after-tax return.
Netvesco helps clients structure their financial situation to maximize tax breaks and minimize tax liabilities in a legal and efficient manner. Therefore, we provide strategies for reducing and deferring income and other taxes. Also, we tax loss harvest throughout the year. In addition, we also work closely with our clients’ CPAs to ensure they have the information necessary to reduce your taxes.
Retirement Planning
Most people want to stop working at some point. For such individuals, retirement planning can serve to prepare for that day. To that end, Netvesco creates saving, investment, and distribution strategies which enable prospective retirees to achieve their desired post-career lifestyle goals.
Due to increased life expectancies, many workers may expect to spend up to one-third of their existence in retirement. Hence, Netvesco develops tax-efficient strategies for accumulating the long-term income you need. So, with the use of 401(k)s, IRAs, insurance and annuities, we assist you in generating guaranteed streams of income and mitigating unexpected financial risk. All in all, our aim is to help you to retire successfully.
Estate Planning
Nearly everyone can benefit from estate planning. Anyone who has anything of value needs a plan to bequeath it properly. A plan can make life easier for your heirs.
Netvesco helps clients preserve, manage, and distribute their assets in the event of their death or incapacitation. Our estate planning services can assist you with:
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- Wills
- Trusts
- Powers of Attorney
- Charitable Remainder Trusts
- Irrevocable Life Insurance Trusts (ILITs) and
- Stretch IRAs
We work with you on incapacity planning, property transfer methods, gifting strategies, and estate tax minimization. Netvesco works with your attorney to ensure that your estate passes according to your wishes and values.