Best Financial Advisors in Huntsville, AL

Depending on the situation, some people absolutely need a trust. If you have a child receiving disability benefits and you have them named as a beneficiary this could interrupt their benefits. Another example of where a trust may be beneficial, is if you are concerned about an heir not utilizing their inheritance wisely. Other instances for the need of a trust could be due to the size of an estate, concerned beneficiaries will disagree about use of assets, want to avoid probate, etc.

This is a concern for a lot of people. First, estimate what you think your RMDs will be using a reasonable rate of return based on your risk tolerance. Once you have this estimate, determine if you will be required to take out more than you need to supplement your retirement income. If you do have to take out more than you need, it may be beneficial to speak with a professional to see if a Roth conversion plan may be right for you.

In order to continue growing your assets while in the income phase of retirement it is important to assign different objectives to your assets. This means earmarking assets for things like income, growth, protection against inflation, tax efficiency, etc. This is why it is important to meet with a financial professional to make sure your assets are positioned in a way to meet your retirement goals.

For investments, we are paid an investment advisory fee depending on how the value of assets are under management. This annual fee is billed monthly and includes: ongoing account monitoring, investment advice, client reviews, investment selection, and overall customer service.