At Cahaba Wealth Management, we're dedicated to helping our clients plan for their retirement years. Our approach involves creating a long-term cash flow projection that takes into account your income, expenses, and tax estimates for future years. With this information, we can determine if your current assets and income streams will be sufficient to support you throughout your retirement years. If not, we'll work with you to develop a plan to close any gaps, so you can enjoy the retirement lifestyle you've always dreamed of.
Our investment planning services are designed to help you achieve your financial goals while managing risk. We'll review your investment portfolio to ensure it's aligned with your goals, risk tolerance, and time horizon for need from assets. Then, we'll apply the concepts derived from your cash flow plan to recommend a specific asset allocation based on your unique circumstances, and assist in implementation. We also manage more than $1 billion of client assets through our institutional platforms at Fidelity and Schwab.
We understand that taxes can be a significant burden on your finances. That's why we'll review your personal tax situation to strive for the lowest possible tax liability and to avoid any penalties and interest for under withholding of taxes. We'll project taxes for the current tax year and coordinate participation in any company benefit plans where necessary to minimize taxes. We'll also work with your CPA to project taxes and recommend changes where necessary.
We'll review your overall insurance portfolio to ensure the minimization of risk. This includes coverage for your car, home, life, disability, liability, and long-term care. We'll determine if your current coverage is sufficient, or if additional coverage is recommended. If necessary, we'll coordinate obtaining additional insurance either through a company-sponsored program or with an outside provider.
We understand that planning to distribute your assets after you pass can be an emotional and challenging process. That's why we're here to help. Our team will review your wills and trusts and recommend specific adjustments to ensure you transfer your assets to your heirs in the most tax-efficient and personally desirable manner possible. We'll even work with your attorneys to modify documents and change asset ownership and beneficiary designations if necessary.
Final Plan in Writing
The final outcome of our services is a written, actionable financial plan that's tailored to your unique needs. We'll deliver this plan in a timely fashion and create an output of specific items necessary to carry out the plan. We'll then create a formal schedule for follow-up to ensure implementation of the various action items, and assist wherever possible. Over time, we'll continue to update this plan as information evolves, so you can be confident that you're always on track to achieve your financial goals. Contact us today to learn how we can help you plan for your future with confidence.