We recognize that just as no two people are the same, neither is their risk tolerance. We want you to be comfortable with how your assets are structured and know how they are expected to perform over the long and short term. Although exact performance can never be guaranteed, you should have a degree of expectation on how stocks, bonds, exchange traded funds and mutual funds are anticipated to act in different markets. Riskalyze software helps us show you what you can reasonably expect from your particular asset allocation. We primarily offer advice on equity securities, exchange traded funds (ETFs), mutual funds, fixed income securities, municipal securities and U.S. Government securities.
We take pride in helping clients ensure that their golden years are truly golden, but that planning starts long before the actual retirement date.
Pre-retirement (the accumulation years) is when decisions are made as to how much you should save now to have a certain amount when you eventually retire.
Retirement is the decision to leave the workforce and the critical decisions made about pensions, social security and lifestyle could easily mean the difference between success and hardship during your post retirement years.
Post-retirement is when you get to enjoy the rewards of the previous phases, but the decisions here will affect your ability to continue the lifestyle you have worked and planned so carefully to establish.
No matter where you are on the retirement timeline, you have some idea of what you'd like to do when you retire. We help clients to turn their retirement goals and dreams into reality.
Many of our clients are either trustees of their own Revocable Living Trusts or trustees of other trusts. We work in collaboration with your attorney to review documents and ensure compliance with trust provisions. This includes calculation and disbursement of income and other distributions, coordination with attorneys, accountants and insurance professionals and comprehensive communication with grantors and beneficiaries.
Although we do not prepare your tax returns, we understand that without thoughtful implementation of your asset allocation plan, the tax impact on your portfolio can be significant. By preparing a detailed analysis of tax impact of selling or gifting assets, we can help you avoid unpleasant surprises at tax time. We can, on a quarterly basis, prepare a Form 1040 pro forma to calculate and adjust the amount of estimated tax payments based on year to date realized gains/losses and changes in income. We work closely with your tax professionals in the filing of your State and Federal income tax returns. Please be advised that MFFM is not an accountancy firm, that MFFM does not provide CPA advice, and that our employees are not acting as your CPA.
We want to make it easy for our clients to support the causes that are dear to their heart. We encourage the gifting of highly appreciated assets to charities that our clients already support as well as to family members in lower tax brackets. We also provide a disciplined investment process for charitable gift programs.
The families we serve value their lifestyles and know that they are the result of hard work and dedication. They want to create for themselves and their loved ones a sound financial plan that includes trust advisory and estate planning. With careful planning, our clients are often able to minimize gift and estate taxes and preserve more of their assets for those they care about.
One of the first steps you will take in the estate planning process is determining how much planning you need to undertake. No two situations are alike. Even individuals who don't have a great deal of wealth require some degree of planning. On the flip side, those with substantial assets often require highly complex estate plans.
Estate planning is very complex. While a simple Will may adequately serve the estate planning needs of some people, you should meet with qualified professionals to be sure you are developing a plan that is consistent with your objectives.
Finally, be sure to recognize that estate planning is an ongoing process that may require periodic review to ensure that plans are in concert with your changing goals. In addition, because estate planning often entails many facets of your personal finances, it often involves the coordinated efforts of qualified legal, tax, insurance, and financial professionals. Please be advised that MFFM does not provide legal advice, and that our employees are not acting as your attorney.