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WHO WE HELP

Finch Wealth Management only works with people we feel like we can make a major impact on. Therefore, our practice specializes in helping military families and individuals in three distinct phases of when financial planning can have an especially significant impact.

Families & Individuals preparing for retirement 

Families Approaching Military Retirement

Young  Families Accumulating Savings

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Affectionate married middle-aged couple relaxing at home on the sofa with the wife hugging
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Couples and individuals typically face growing complexity in their financial situation as they approach retirement.  In-depth financial planning is essential to create effective strategies for additional retirement income and wealth accumulation to prepare for retirement from the workplace and other financial goals.  Multiple income streams and various investment options and strategies should be considered, including combinations of traditional & Roth 401Ks, traditional & Roth IRAs, TSP, IRA, and 401K conversions to Roth IRAs.  For many families, this can be an ideal time to start laying the groundwork for legacy goals they may have, such as helping with funding grandchildren’s college and efficient wealth transfer.  Proactively preparing the next generation for the responsibilities involved with wealth transfer is critical as it's often the behavioral aspects of financial management that result in the failure of successful intergenerational wealth transfer. 

 

Families approaching retirement from the military face an array of financial decisions to include how to handle Thrift Savings Plan (TSP) savings, the Survivor Benefit Plan, TRICARE options, GI Bill educational benefits and more.  The active military person is typically transitioning to a second career and sometimes a spouse may be returning to the workforce as well.  Working with an advisor who’s personally experienced military retirement can be beneficial in several ways.    

Young families have a unique opportunity as time is on their side. Time is power in when it comes to investing for college, homes, retirement and other goals. Important decisions for young families to make is what types of accounts to put their investment dollars and what type of securities to invest pick to make up their portfolios. With historic average stock market returns the rule of thumb is that equity may roughly double every 7-10 years or so and quicker with regular investments. Learning and sticking with a disciplined investment plan is also key during this phase of life.  Various insurance decisions, as well as college funding decisions, are considered as well.