Maximize your financial future and move from success to significance with Hummel Group. We believe that moving from simple financial success to a life marked by significance requires a life stages approach to investing and wealth management. We combine this approach with the understanding that your wealth is a combination of your earning potential and your financial assets (i.e., what you earn, what you save, and what your savings earn). Minimizing risk to your earning potential and your financial assets is the bedrock of our successful financial services strategy.
Life Stages:
Three Basic Life Stages
- Accumulation. Your working years.
- Distribution. Your retirement years.
- Transfer. Your financial legacy.
Regardless of your current stage of life, your financial portfolio must be positioned for efficient transitions through these stages.
Personal:
Craft a Personalized Financial Plan
» Your unique mix of chosen assets and investments should work hard for you and enable you to sleep soundly at night.
» Our commitment is to help you enjoy not only material success but also the significance that comes from making your wealth work effectively for you, your family and your business.
Understand:
What kind of investor are you?
» What are your goals and dreams for your working life, retirement years, and legacy?
» Are you and your family appropriately protected?
» How would unexpected events impact your family's goals?
» What can you not afford to lose?
» Are you prepared for financial risks, illness, long-term care and death?
Your personal financial strategy depends on the answers to these questions, your current and expected future tax brackets, and your risk tolerance. We help you figure all of this out.
Accumulation | Distribution | Transfer
Our Strategy for the Accumulation Stage:
WATCH RISK
Your wealth is only your earnings, savings, and their growth. This needs to be protected. Your earning potential and financial assets are interdependent. Properly managing the risks to your financial capital will help hedge against potential changes in your earning potential.
WATCH GROWTH
This requires an appropriate balance between expected rate of return, risk, taxes and asset classes. We believe your assets should experience healthy growth without unhealthy risk.
WATCH TAXES
Taxes can erode your future choices in other life stages. We believe you should be able to keep the money you earn. Even if your career progresses as planned, inattention to the tax consequences of your assets can significantly affect your future wealth.
Our Strategy for the Distribution Stage:
During retirement, your financial assets will do one of three things:
1) increase despite regular withdrawals,
2) stay the same, or
3) gradually decrease.
We believe your assets should increase consistently throughout retirement with a significant portion remaining to fuel your legacy. However, when you are no longer working and begin making regular withdrawals from your portfolio, you risk the likelihood of running out of money.
Three potential risk areas for running out of money include the following:
LIVING A LONG LIFE
The risk of living longer is the higher probability that you will run out of money. Will you have enough money to provide for one, two, or even three decades of retirement?
TAXES
When should you pay taxes? Should you defer your taxes to withdrawal or pay them as you earn the money? We will help you understand what makes the most sense in your unique situation.
INFLATION
Do you understand the difference between capital preservation and purchasing power preservation? Even if your portfolio doesn't decrease throughout retirement, the buying power of your money 10 or 20 years into retirement will be less than at the beginning of retirement.
Our Strategy for the Transfer Stage:
From supporting your loved ones to funding your favorite charity to ensuring the continuity of your business, it is vitally important to plan for the ultimate disposition of your financial assets. We enable you to control your financial legacy by continually focusing on our core values:
COMMONSENSE
We will help you plan and organize your financial affairs efficiently. When the time comes, your beneficiaries will remember you for your legacy, not the confusion of a disorderly financial life.
STEWARDSHIP
Leaving a well-planned financial legacy to your heirs and beneficiaries is a great way to transform your monetary wealth into something much more significant.
PERSONAL RELATIONSHIPS
We were here for your grandparents and we will be here for your grandchildren. Face to face, cordially, with advice that makes sense.
EFFICIENCY
Without careful tax planning, the government could be one of the primary beneficiaries of your estate. We will help you make sure that taxes do not excessively dilute your estate.
CONSISTENCY
In order to maximize your estate, it is important to protect your portfolio against underperformance. We will help you formulate a comprehensive financial plan.