Wealth Preservation: Why It Matters
The Birth of a Grandchild
Congratulations! The arrival of a grandchild is always an exciting time. Since many grandparents wish to assist in covering their grandchildren’s future financial needs, it’s also a good time to consider financial preparations for the future. If you hope to provide funds to your grandchildren, both 529 plans and trusts are beneficial options.
How Fredericks Helps with Wealth Preservation
Preservation strategies tailored to retirement, income, and legacy goals.
After decades of saving and investing, shifting focus toward preservation helps reduce risks that could threaten your financial stability in retirement.
- Asset Allocation and Risk Review: We evaluate how your investments are positioned and explore adjustments to reduce volatility while maintaining alignment with your goals.
- Withdrawal Strategy Planning: We work with you to coordinate how, when, and from where assets are used—helping manage taxes and maintain balance over time.
- Healthcare and Longevity Considerations: Unexpected costs can disrupt plans. We help incorporate healthcare and longevity into your preservation strategy without overcommitting assets.
- Legacy and Asset Transfer Planning: We look at how your preservation plan intersects with future goals—including charitable giving, family support, and estate considerations.
When should I start focusing on wealth preservation?
Many begin preservation planning in the years leading up to retirement, but it can start earlier based on your income needs, risk comfort, and life goals.
Does preserving wealth mean avoiding all investment risk?
Not necessarily. It’s about identifying which risks are appropriate and structuring your portfolio to reduce exposure to unnecessary or poorly timed losses.
How do I protect assets from rising healthcare costs?
Our wealth preservation services help explore long-term care planning, insurance strategies, and financial buffers to reduce the potential impact of health-related expenses on your retirement income.
