RETIREMENT PLANNING

EDUCATION

Think the only way you'll be able to foot your son's or daughter's future college bills is by winning the lottery?  We have other more realistic options.  While the soaring costs of college can be overwhelming, careful planning can help you leap over this financial hurdle.

Still, coming up with a game plan can also be terribly confusing.  Should you invest in a 529 plan or an education savings account?  When you file your taxes, should you claim the Lifetime Learning Credit or the Hope Scholarship Credit?  That's where our College Saving Planning comes in.  We can break down your college-savings options and cover the pros and cons of a myriad of choices that are available.

RETIREMENT

Deciding how much money you need for retirement is a highly personal calculation.  It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early.  That's why we've designed this set of four factors to estimate/determine your retirement investments tailored to your own circumstances.
                        
                        1) How much annual retirement income you'll need?
                        2) How much you can count on from your pension and Social Security benefits?
                        3) What your total nest egg must be?
                        4) How much you need to put away this year to begin to reach that goal?

ESTATE

There are certain estate planning strategies that you should get squared away no matter what your circumstances.  A strategy  should include management of assets while living, distribution of assets at death and directives should you become incapacitated.   Documents may include a Will, a Revocable Trust Agreement, ILITs, QTIP Trust, and Power of Attorney for Assets and Healthcare.

WEALTH  TRANSFER

As the steward of considerable wealth, you face forces that can erode your assets.  Taxes are an inevitable concern, but control and ownership issues could also affect the scope of your legacy. Woodcrest Advisors combines wealth transfer planning experience and expertise that will keep more in your estate for your heirs and/or charities.