Risk Management and Insurance
Many circumstances have the potential to cause greater damage to the security of your assets than investment risk. Risk management and insurance planning should be a critical component in comprehensive wealth management for unexpected circumstances such as litigation, an untimely death, disability, long term care, or catastrophic business event.
For that reason, it’s imperative that a comprehensive wealth management plan take into consideration whether your assets are at risk beyond your ability to self-insure. Through our expertise in risk management and insurance planning we can help you identify, quantify, and manage a wide range of possibilities. Through a broad array of insurance products, other financial arrangements, and appropriate tax strategies we can establish a custom plan to protect your assets from undue exposure.
Personal Insurance Protection. Like many investors, you may have property and casualty protection, as well as medical coverage. However, death or disability can derail the best financial plans without the proper income replacement coverage. Similarly, the high costs of a long-term care event can quickly erode assets as well. Risk management and insurance planning for these contingencies is an essential part of your comprehensive wealth plan.
Estate Planning Protection. A carefully designed estate plan using advanced planning with life insurance can provide a powerful and efficient means of passing wealth to the next generation. Properly titled, your life insurance proceeds will not be reduced by income taxes or estate taxes. Using an irrevocable life insurance trust can also fund a charitable legacy, replace a charitable gift, provide liquidity for estate taxes, equalize inheritances in blended families, and provide creditor protection in the event of a failed marriage.
Retirement Planning Protection. An often overlooked retirement planning tool is cash values that accumulate on a tax-deferred basis that may also be withdrawn on a tax-advantaged basis. With properly designed permanent life insurance, it provides death benefit protection and the opportunity for a living benefit during retirement. Additionally, a retirement insurance solution may help you maximize the assets you transfer to heirs, and protect assets in case you or your spouse needs long term care.
Business Planning Protection. Planning for the continuation of your business is an important consideration in the event of the death or disability of a business partner. A properly structured buy/sell agreement allows you to transfer business interests in a controlled, orderly way. Insurance protection may also provide funding for the buy/sell agreement, protection from the loss of a key employee, and “golden handcuffs” for key employees with executive benefits.
GC Asset Management has the expertise and tools to address these and other risks. Working with your tax and legal experts we will review your resources and existing risk management and insurance plan to align it with your long-range goals.
Whether you’re goals are oriented on a specific financial objective, maintaining a comfortable retirement, or planning your estate for future generations, financial planning is complex. At GC Asset Management, we don’t just limit our advice to the investment accounts we manage.
Whether you’re preparing for retirement or already in it, you probably want confidence that your plan is positioned to sustain the retirement lifestyle you envisioned. For many people, leveraging the right resources can significantly improve their outlook for income, expenses and investing in retirement.
Our philosophy of active management is at the core of managing risk and reward. We pride ourselves on rules-based investment selection, multiple risk controls, and the ability to move to cash. The benefit for you is superior risk adjusted returns across an entire market cycle.
Higher Education Savings
Education can be a core investment in one’s future success. Over the past decade while investments have fluctuated the cost of a college education has increased at a rate higher than inflation. Finding smart ways to fund this major investment can pose significant challenges.
Tax Planning for High Income
The tax consequences of your financial decisions made today can affect the lifestyle you and your heirs enjoy in the years to come. That’s why it’s important for your wealth management plan implement strategies that assess the impact of taxes to maximize their efficiency.
Estate Plan & Charitable Giving
When considering your accumulated wealth, you want solutions to maximize a legacy for your family and the causes you are passionate about. Through a variety of advanced estate planning techniques, we can help minimize taxes on your estate and create a legacy for generations.
Business Wealth Solutions
Business owners and corporate executives often require comprehensive business wealth solutions. Tax-efficient conversions of concentrated stock, stock options or a majority business interest requires sophisticated strategies executed by experienced professionals.