Pension Option Planning

The team at Arista Wealth Advisors has been navigating vital pension elections for their clients for over 30 years.  In addition, we have presented to various Fortune 500 companies, educating employees on their plan options.  A few recent examples include advising employees of Boeing, Coca-Cola and General Electric.   Since we do not sell insurance products, such as annuities, nor earn commissions, you can rely on our Fiduciary standard, planning-based approach.  

One of the most significant decisions an individual can make when planning for retirement, is deciding what pension option to select.  Often, these decisions are irrevocable and can have a significant impact on not only of the employees life, but also their spouse and family.  Every situation is different, and one size does not fit all.  Our team educates our clients on the nuances of the choices available, and customizes a comprehensive financial plan to illustrates the advantages and disadvantages of each option.  

Some factors we consider when advising our clients include:

  • Planning Goals & Objectives
  • Income Needs Analysis
  • Social Security Strategy 
  • Health & Family Longevity
  • Credit Quality & Investment Risk Analysis
  • Gift & Estate Planning 

Contact Arista Wealth Advisors for a free consultation.  

 

Estate Planning

Successful estate planning will assure the continuance of your family’s financial security and the protection of your hard-earned assets.  It can help to reduce taxes, avoid probate, provide privacy and provide direction for your family if you are disabled and/or after you are gone.

Our clients enjoy the convenience of working with a firm that can offer comprehensive financial planning and investment management as well as estate planning.  Our working relationship with Burke & Casserly PC, a law firm with areas of practice in Estate Planning and Elder Law including:

  • Asset protection
  • Medicaid planning
  • Long-term care planning
  • Guardianships
  • Wills, trusts and estates
  • Corporate and business planning

The more intricate your estate, the more important it is to hire an attorney who is well-versed in the complexities of estate planning.  Burke & Casserly, PC has been serving the estate planning needs of individuals and businesses in New York and the greater Capital District for over twenty years.

 

Tax Planning

The goal of any financial plan is to protect and preserve wealth, which requires careful analysis of all aspects of the plan. Few people enjoy turning over their hard-earned money to the government. After all, it’s not what you make but what you keep that counts.

We analyze our clients’ portfolios and retirement savings methods while providing sound advice to our clients. We are tax-efficient investment managers and utilize tax-saving strategies in our investment planning and in our portfolio maintenance. Our planning encompasses income, estate and gift tax planning, the effective use of retirement plans and debt restructuring in order to maximize allowable income tax deductions.

We work closely with our clients’ accountants to develop appropriate strategies and ensure minimal tax liability for our clients.

 

Insurance & Long Term Care Planning

For many people, insurance is an affordable way to protect your assets from the burden of unexpected, life-altering circumstances.   An analysis of your existing insurance coverage and needs will cover key areas that include:

  • Life, including term, whole and universal
  • Long-term care
  • Disability
  • Personal liability
  • Buy-sell funding agreements

If required and requested, we make recommendations to our clients for them to meet with trusted insurance professionals who provide the same exemplary service we do.  Our planning includes periodic reviews of all coverage to ensure that the clients’ needs continue to be met along the ever-changing road of life.

 

Education Planning

For the leaders of tomorrow, the foundation of a strong financial future begins with higher education.  But as we all know, college is expensive. At an average annual increase of 5-9% each year, it will require a small fortune to put your child through college.  Federal loans, grants and scholarships account for only a small portion of today’s college costs.  The great majority of the financial burden will fall on families.

These costs may come at a difficult time, when parents are anxiously saving for their retirement.  With sound financial planning, parents can afford both college for their children and retirement for themselves. The key is developing the right strategy early and sticking with it.

Possible strategies may include:

  • 529 College Savings Plans
  • UTMA (Uniform Transfer to Minors Act) accounts
  • Coverdell Education Savings Accounts
  • Gifting
  • Retirement plan loans and withdrawals
 

Investment Planning

Our investment recommendations are made only after considering a wide range of investment opportunities and after carefully considering our clients’ goals, risk tolerance and time horizon.

Through extensive research and analysis, we will develop an asset allocation strategy and construct a customized investment plan. With your agreement and approval, we will implement and monitor your investments and communicate regularly through quarterly reports and annual reviews.
The design of the portfolio will take into account your financial objectives, risk tolerance, current income or liquidity needs and special considerations such as income and estate taxes. We believe that a diversified, well-balanced portfolio, using dollar-cost-averaging and long-term buy-and-hold strategies, will successfully achieve long-term financial objectives.

We are avid proponents of diversification within a portfolio to manage risk, incorporating domestic and international stocks and bonds. A smart diversification strategy involves owning investments that react differently to economic changes.
Asset allocation combines different types of asset classes to provide an appropriate level of return based on your financial goals, time horizon and risk tolerance.

In our portfolios, we utilize no load, low expense mutual funds that have consistently outperformed their peers.

 

Financial Planning

We will help you identify your life goals, analyze your objectives, assess your risk tolerance and then design, implement and monitor solutions that will enable you to achieve those goals for you and your family. We will help you discover the financial strengths and weaknesses in all aspects of your financial life.

As the definition of retirement changes with longer life expectancies and fewer company pensions, financial security is increasingly more of a personal responsibility.  To successfully achieve your financial goals, we will help you to gain an understanding of where you are and where you want to be in life and then develop a plan of action to get you there.

A financial plan is a living document and we encourage periodic reviews and appropriate adjustments to ensure the overall success of the plan.

Your financial objectives may include:

  • Saving and investing for retirement or specific accumulation goals
  • Sending your children to college
  • Reducing income taxes
  • Establishing a spending and investment plan
  • Understanding your insurance needs
  • Planning for your long-term care needs
  • Debt management or elimination

To help you realize these important goals, our services may include:

  • Comprehensive financial planning
  • Retirement planning strategies
  • College funding solutions
  • Income tax planning
  • Periodic financial checkups
  • Cash flow analysis and planning
  • Insurance needs analysis
  • Second opinions on current investments or financial plans
  • Wealth management
  • Estate planning and wealth preservation
  • Debt management