LPL is committed to helping you plan for the long-term. If you’re not sure how your planning dollars are adding up, schedule a short meeting with an LPL Financial Advisor. You’ll get a clear view of where you are.
Virtually all clients have a unique scenario with regards to building their retirement needs. The LPL Financial advisors pride themselves in taking a personalized approach to build a strong relationship and pursue a solid retirement strategy. They're committed to truly understanding what's important to our clients. Their mission is to use time-tested principles and state-of-the-art tools to help our clients reach their financial and retirement goals in a tax-efficient manner.
Using WealthVision, a powerful and secure planning tool powered by eMoney, they're able to give clients a single access point to securely view all financial accounts, tax and legal documents, insurance coverage, specific goals and strategic plans. This secure platform is easily accessible to clients through an encrypted personal website. Using this tool, the advisors are able to keep up to date and track changes with our clients' overall asset allocation, retirement and cash flow models, insurance programs, financial plans and estate plans.
There are many needs for expert advice in matters of your estate, and it’s important to work with experienced professionals to help avoid mistakes. Sometimes, it can be as simple as reviewing wills and beneficiary information or having a conversation about finances with younger or older generations. Other times, it may require more complex planning and guidance. LPL advisors facilitate conversations with clients and the people they trust to be involved in their estate plan. They also coordinate with your estate attorney if needed to create your estate, and then we help put that plan into place according to your wishes. Their estate planning is retained in the personalized WealthVision tool for future use by LPL advisors and clients through an online portal.
Some of the more common estate planning needs include the use of:
- Revocable Trusts: A Revocable Trust can be used for better management and control of assets during life and at death, avoiding the time and expense of probate, holding assets and avoiding probate in multiple states, and to maintain privacy because probate proceedings are public record while trusts are not.
- Credit Shelter Trusts: A Credit Shelter Trust allows a married couple to minimize their estate taxes while still allowing the surviving spouse to have access to the entire estate.
- Irrevocable Life Insurance Trusts: An Irrevocable Life Insurance Trust (ILIT) creates a pool of money outside of the estate to offset estate taxes and provide more efficient wealth transfer between generations.
It's important to start as early as possible with an income plan. With our clients, we look at strategies that incorporate all aspects of their income. This includes Social Security, pensions, retirement accounts, annuities, and other sources aiming to create a plan that is tax-efficient and provides the income our clients need.
The WealthVision tool, powered by eMoney, is a great resource that we use to manage the right income plan. It provides us and our clients with an easy view at how we're tracking towards their income needs, as well as identifying changes that may be needed as circumstances change.
Ready to get started? Schedule your free, no-obligation consultation today. Make an appointment by calling 503.526.5606.
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Rivermark Community Credit Union are not registered broker/dealers and are not affiliated with LPL Financial.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Oregon, Washington, California, Arizona, Connecticut, Pennsylvania, South Carolina and Texas.
Tactical allocation may involve more frequent buying and selling of assets and will tend to generate higher transaction cost. Investors should consider the tax consequences of moving positions more frequently.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.
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