Wealth Management

Financial Planning for Retirement

Retirement is a transition. Let us help. We use financial planning and modeling to make clients feel comfortable with the idea of retiring and help set up the guidelines for which their financial plan will work based on their goals. Once this is established, we will actually replace clients’ income with monthly, quarterly or semi-annual “paychecks” which will be deposited to their bank account on an ongoing basis. We then continue to compare our financial plan to actual execution to make sure our clients are staying on track and make adjustments as necessary.

Multi-generational Wealth Planning

Our clients often want to enjoy their money now and financially plan for generations to come. We help them understand what that looks like, if can they afford it, and if so, what are the steps they should be taking now and annually to meet their future goals. Whether it is college planning, a special multi-family generational trip, annual gifting or a number of other items of significance, we will ensure there is a plan in place, as well as ongoing conversations and action items being executed on an ongoing basis on behalf of our clients’ goals.

Family Legacy Planning

Thinking about the following question “How do I want to be remembered after I am gone?” can elicit strong feelings. At Hightower Bethesda we want to have these conversations with clients now, in order to align their vision for the future with the here and now.

Estate Financial Planning

Documents drafted, signed and finalized with an estate attorney are just pieces of paper if no accompanying action is taken to execute on the actual estate plans. At Hightower Bethesda, we find the majority of people who have done estate planning have not followed through on the actual execution and implementation of their estate plans. Further, there are exact and precise ways to execute estate plans according to IRS guidance and are vital to avoid painful overruling of actions taken in the past. Our financial advisors work in full coordination with clients and their estate attorney to ensure these plans are executed properly.

Charitable Giving

Hightower Bethesda loves helping clients meet their charitable goals. We find one of the easiest and most cost-efficient ways of doing this is through use of a donor advised fund (DAF). We can set up a DAF and manage them on behalf of our clients. We can provide projections on funding strategies to meet clients’ goals, as well as coordinate with CPAs to optimize timing of gifts.

We help clients figure out what asset(s) (cash, appreciated securities, etc.) make sense to give for charitable contributions.
For our clients with retirement accounts over the age of 72, who don’t need the money from their retirement account for living expenses, we can review and discuss if a qualified charitable contribution (QCD) makes sense, and if so, execute on this strategy.

For clients interested in more advanced charitable giving, we have resources to assist with those requests as well. If you’d like to set up or consider as a strategy your own foundation, charitable gift annuity (CGA), charitable remainder annuity trust (CRAT), or charitable lead annuity trust (CLAT), contact us to set up a meeting.

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