Education Funding
Many parents and grandparents, aware of the rapid escalation
of costs for both secondary and higher education, wish to
take the appropriate steps to meet education funding needs
within their family.
We help you estimate future education expenses, determine
reasonable rate of return assumptions, and explore various
education funding alternatives including trusts, Coverdell
Education Savings Accounts, 529 plans, and Uniform Transfers
to Minors Act accounts.
Albion analyzes education funding options in the context
of your overall financial picture to assess its impact on
your long-term financial plan.
Retirement Planning
The primary financial goal for many of Albion's clients
is achieving a comfortable retirement. We can help guide
you toward financial independence and a secure retirement
through planning that includes detailed analysis and forecasts
of your pre- and post-retirement life.
Our professional team reviews your current retirement
savings strategies, including 401(k), 403(b), IRA, pension,
and social security plans and provides advice to help increase
your chances of achieving financial independence.
Albion helps you maintain your standard of living through
careful investment management focused on maximizing after-tax
income throughout your retirement years.
Estate Planning
Careful estate planning helps you ensure that the assets
you have created continue to benefit those people and causes
that are most important to you. Without such planning, your
estate may be severely diminished by federal and state taxes,
with the remainder distributed in ways you might not have
chosen.
Albion reviews your current plan with specific attention
to the stream of beneficiaries and potential tax consequences.
We then recommend strategies, consistent with your goals,
that may be implemented to transfer more to your heirs while
providing financial advantages to you for your lifetime.
Albion works with your estate planning attorney throughout
this process.
Personal and Family Risk Mitigation Tools
A review of financial risks is an important part of the
planning process. Some risks are difficult to mitigate.
However for other risks insurance can be a very useful tool.
Albion helps you evaluate your life insurance needs, and
compiles a summary of your other policies so the information
is readily available in the event of an emergency.
We also evaluate various ownership structures for your
insurance policies to help you and your family maximize
the benefit that such products provide.
As your primary financial advisor, Albion works with you
to maintain a comprehensive list of your personal financial
information. Such a list may include investment assets,
estate planning documents, insurance policies, safe deposit
boxes, names of related parties, and instructions for those
who may be required to manage your financial affairs if
you are unable. Such information is priceless to those who
are working to arrange a smooth transition during a difficult
time.
Charitable Gifting Strategies
Once they have sufficient wealth to ensure their own financial
stability, many people take great pleasure in supporting
charitable causes.
Albion's team has the knowledge and experience to address
how charitable giving impacts both your charitable and non-charitable
goals. We can guide you through the broad spectrum of philanthropic
strategies in an effort to find the most appropriate tools
for your situation. Such guidance includes how charitable
giving may impact your current and future cash flows, your
current and future income taxes, your favored charitable
causes, and the estate to be passed on to your heirs.
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