Vestigo Advisor Group,
Financial Planning For The Road Ahead
How We Can Help
Wealth Management
Assets Under Management
Life Insurance
Healthcare
Retirement Income Planning
Long Term Care
Wealth Management
For some people, accruing wealth is a steady trajectory. While there may be a few inevitable dips, the numbers steadily march up. For others, wealth is a constant roller coaster, coming as quickly as it goes. No matter how a person becomes wealthy, though, wealth management is a service that can help you make the most of every dollar.
With this service, you can increase your velocity if you’ve been on a steady track and decrease the volatility if your portfolio has been anything but stable. By combining several financial services, including tax planning and estate planning, you can start to see the bigger picture — no matter how diverse your portfolio is.
How Can a Financial Advisor Help Me with Wealth Management?
You can think of a financial advisor as a sentry. They’re guarding your holdings from all kinds of threats, including economic turmoil, upcoming regulations, and familial disputes. When it’s too difficult to monitor your portfolio, they watch out for anything you happen to miss. If you have concerns about certain economic investment sectors, we can help secure your portfolio.
Wealth management is a service that’s reserved for people who’ve amassed a healthy number of assets. Once you bypass a certain threshold, it’s neither advisable nor feasible to spend your days trying to keep up with it all. It’s not a possibility but an inevitability that you’ll fail to account for a critical factor. For example, if you hold real estate in an area of the country that’s undergoing rezoning laws, you could easily lose a huge chunk of wealth if you’re unprepared. A financial advisor has not only studied the trends, they know how to stay ahead of of the curve.
At Vestigo Advisor Group, we help people in Colorado Springs do more than just crunch numbers. Whether you’re worried about how to split up charitable trusts or how to maximize margins on every asset, we can help you make the endless decisions that come from having a sizable portfolio.
Assets Under Management – Vestigo Advisor Group
Equities, money-market accounts, derivatives, commodities, real estate: even seasoned investors can watch their asset classes get out of hand. Plus, every investor faces the same problem: either make meticulous decisions and potentially sacrifice your margins or make risky decisions that quickly balloon out of control.
No matter what category you fall into, a financial advisor in Colorado Springs can take over this time-consuming endeavor, especially if you’d rather focus on how you want to spend your retirement (as opposed to how you’re going to pay for it).
How to Make Assets Under Management Strategies Work for You
Assets under management strategy starts with the careful assessment of all your assets. A financial advisor will organize everything — even the accounts that you don’t even remember opening — before examining what to keep, what to lose, and where to grow. Some clients may need to take a few more risks, especially if their margins are about as good as a standard savings account. Others may need to pull back, especially if their asset classes look randomly chosen without a clear direction.
The value of a financial advisor is more than just getting back your time, though. You get the benefit of their expert opinions, whether it’s how to manage particularly risky investments or how you can expect local taxes to impact your overall profits. Assets under management services has the power to help build stronger portfolios and help to secure investments.
At Vestigo Advisor Group, you’ll work with a team that’s ready for a long-term relationship. Instead of getting passed around to multiple staff members, as you likely would at a conglomerate financial firm, you’ll work with a boutique agency that takes your retirement personally. Whether you picture yourself catching your own dinner on your private dock or jetting around in first class, the reality is that the right financial advisor can help you take the steps to get there — and still leave plenty of leftovers for your loved ones.
Life Insurance – Vestigo Advisor Group
Life insurance can be an excellent asset in your portfolio, especially if you’re looking for an all-inclusive policy that functions as a financial safety net. However, due to the number of policies available (not to mention the nature of the policies), it’s common for people to choose the wrong coverage under the wrong carrier. When you talk to a financial advisor, you can get personalized advice that considers both the people you want to protect and the way you want to spend your retirement.
How to Choose a Life Insurance Policy in Colorado Springs
Choosing a life insurance policy starts with deciding between the two major categories of life insurance. If you get term life insurance, your policy has an expiration date. Usually, these expiration dates are based on your children’s ages. For example, you might provide for all three of your children until the youngest reaches the age of 18. However, some people will set them up based on career goals. For example, a working spouse might set up a term insurance policy for their partner until they graduate from medical school. If you get a permanent life insurance policy, that policy will never expire. It may even come with a saving component, giving you an additional way to pay for unexpected expenses if they arise along the way.
Which type of life insurance is better? The reality is that everyone has different needs, which is why it can be helpful to talk to a financial advisor. At Vestigo Advisor Group, you’ll meet a team that can help you work out not just the terms of your options, but the relative value that each carrier offers. For example, some carriers are reliable about paying out their benefits, particularly if there are ambiguities between the terms of the coverage and real-life events. Other carriers will find ways to deny coverage, making it more difficult (or even impossible) for you or your loved ones if something goes wrong.
It can be nerve-racking to think about life insurance policies. Not only are you contemplating who you’re leaving behind, you’re also quantifying how much you’ll be able to provide. A financial advisor can not only help you reframe the issue, particularly as it pertains to the rest of your portfolio, they can give you all the facts so you’re making a far more informed decision.
Keys To Help Unlock Success
If it ever gets to be too much for you or if you start to feel like you’re losing steam, you really only have to remember a few key rules:
Discover
Determine where your retirement income will come from.
Plan
Let a financial advisor manage a portion of your wealth to grow your portfolio.
Live
Let yourself enjoy the fruits of your career!
Medicare – Vestigo Advisor Group
When it seems like everyone’s healthcare options are constantly on the chopping block — whether it’s private or public insurance — this asset has become a major sticking point for every citizen in the US. Of course, for retirees who don’t have the luxury of negotiating a better benefit package with their employer, the consequences can be much starker. If you’re considering your healthcare in Colorado Springs, you may need to talk to more experts than just your broker.
How Financial Advisors Help You Navigate Healthcare
Healthcare has long been an albatross for many Americans. Finding a practitioner, determining what services you need, and figuring out the best path to health is far less straightforward than many would like. The sheer range of advice out there can be enough for people to avoid visiting a doctor altogether.
With a financial advisor, you can consider your choices from a different lens. Whether you have an established regimen that you’d like to keep or you’re open to switching things up, you can learn more about how each decision impacts the rest of your portfolio. For example, you might consider adding supplemental Medicare coverage before tacking on a long-term care policy — one that covers the incidental costs of healthcare (e.g., private home aids, cleaners, etc.). Plus, you can learn more about how your healthcare decisions affect other people in your life. After all, if you suffer from a serious injury or illness, you may not always have the luxury of asking a family member for help.
If you’re trying to sort through the maze of healthcare, it’s likely you’ll overlook a crucial detail. Even experts struggle with learning it all, which is why they often resort to pushing the same plans on everyone — despite the fact that your health, lifestyle, and family history are unique to you. A financial advisor may not work in the insurance industry, but they clock the numbers that ultimately determine your bottom line.
A financial advisor can tell you if and how you’re going to spend more money on healthcare than you need to, and how you can circumnavigate your expenses so your policy picks up the tab far more often than you do. Plus, they can turn your attention to prevention, which can help you avoid bigger bills down the line. With a broker or a Medicare expert, you’re likely to get standard advice — advice that has nothing to do with the rest of your portfolio’s assets and holdings.
Retirement Income Planning – Vestigo Advisor Group
Retirement income refers to the money that you make when you’re no longer working. This may sound counterintuitive to many people: How can you “earn” money if you’re not working? The best way to answer this question is to talk to a financial advisor. More than just filing for Social Security, it’s a careful planning process that explores multiple streams of revenue.
How to Sort Out Your Retirement Income
Your retirement income starts and ends much like your portfolio does: You should prioritize diversity while still keeping clear goals in mind. All financial advisors agree that a well-planned retirement income is the best buffer between you and all those unexpected emergencies that pop up along the way. In other words, if you can reserve your savings for the worst-case scenario, you’ll be in much better shape to handle even the biggest hits.
So, if you’re asking, “Just how much do I need to retire?” you should know that the answer is more complex than saving a million dollars. The goal is to find a way to cover your general expenses so your savings remain intact for as long as possible. The good news is that this doesn’t have to be as difficult an equation as it first seems.
In an ideal world, you’ll find win-wins on every page of the retirement income playbook. For example, maybe you’ve always wanted to pour wine and talk about tannins in Colorado Springs, leading you to a part-time job that covers nearly all of your daily expenses. You can then combine this income with anything from Social Security benefits to stock dividends to ensure that you don’t have to dip into your savings.
Or maybe you already have a couple of rental properties. A financial advisor can help you expand your real estate portfolio so you have even more rental income property by the time you reach your retirement age. If you’re wondering how to plan your retirement income, the team at Vestigo Advisor Group can help you get all your numbers straight.
How We Can Help – Service Content Area 6 – Long Term Care – Vestigo Advisor Group
Long-term care insurance can cover your incidental costs in the case of long-term illness or injury. Unlike medical insurance, it pays for incidental costs, such as nursing home care, home aides, delivery services, etc. If you’re unable to care for yourself for any reason, long-term insurance can pick up the tab.
Of course, if you have questions, such as what exactly it covers, what types of carriers offer it, and how different policies work, trying to untangle all the details on your own can be a daunting road. This is why a financial advisor can come in handy, especially if you never end up using the policy.
What to Know About Long-Term Care Insurance in Colorado Springs
Long-term care insurance comes in an array of flavors. Some carriers offer private, in-home care. Others cover standard nursing home costs. Some carriers offer excellent rates for decent returns. Some even let you use your insurance policy as a savings tool if you never tap into the benefits.
However, as you might expect given the rate of inflation, this insurance has changed dramatically over the years. Not only have the policies become far more restricted, but many companies have just stopped offering them altogether. Whereas it once might have been a prudent investment to safeguard your retirement savings, especially if you bought it when you were relatively young, it’s no longer so cut and dry.
When every policy is different, not just in terms of what it covers but how much it costs, a financial advisor can look at your overall portfolio and then let you know if it makes sense to add this (usually expensive) asset to the mix. For some people, especially if they have a family history of genetic diseases, the cost of the policy is well worth it. For others, it may make more sense to defer the insurance and potentially look into other types of protection. At Vestigo Advisor Group, you’ll meet Rory and Ariel Bean and start getting your questions answered.