A family that is a client of J Matrik is generally looking to accomplish the following:
- Be able to retire and not run out of money
- Have the proper insurance in place should premature death or disability occur
- Save for college for the children
- Have estate planning documents, such as wills and durable power of attorney, and have proper beneficiary designations
We help them by monitoring their asset allocation, providing actionable strategies for reducing their tax burden, assessing their level of insurance and the premium level, and reviewing their documents. We work with their other advisors, such as accountants and attorneys, to make sure they are getting proper advice and implementing it.
As their needs change so does our work. When they are saving for their children’s college education, we make sure they take advantage of 529 plans and have a plan for excess funds. As they approach retirement we develop an income plan and bucket their portfolio to make sure that money needed in the short-term is not affected by the stock market, but that money that is needed many years in the future is invested for growth.