Email: laurie.e.page@lpl.com
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Financial Planning Services
Please contact Sound Wealth Management in Bradenton, Florida, at (941) 932-4822 for more information on any of our services below. You may also schedule a free over-the-phone consultation with our financial specialists. We have offices in Bradenton, Florida, and Tucson, Arizona, but are licensed to help clients in most other states across the United States. Call today.
Financial Planning
In addition to traditional wealth management services, our comprehensive financial planning services are designed to provide our clients with a more holistic approach to wealth management, with a goal of helping them to achieve some or all of the following objectives:
Clarity and definition of your top financial goals and a realistic plan on how to work toward them.
Personalized recommendations on how to organize your financial life.
A detailed cash flow plan showing where your money goes each month and suggestions on how to make sure your spending patterns align with your financial priorities.
A step-by-step action plan to help manage and reduce your debt and increase the amount of money you have to spend toward reaching financial goals.
Recommendations to help ensure you and your family are adequately covered and protected against unforeseen events.
A detailed plan to help you pursue your retirement income goals and live the life you envision after you stop working.
Wealth Management
Wealth management means more than just supervising a portfolio. It is multi-faceted: addressing risk and tax management, estate planning and charitable gifting, and, perhaps, college planning and long-term care planning.
Asset Management
Simply put, asset management is the direction of a client’s investment portfolio without the attachment of holistic financial planning. It refers to a systematic approach to the management and accumulation of value over the lifecycle of the portfolio with adherence to the client’s tolerance for market risk and goals for the portfolio.
Estate Planning
If the word ‘estate’ brings to mind mansions, private islands, and offshore bank accounts, we’d like to encourage you to think about it a little differently.
An estate plan isn’t just for the wealthy. That’s because your estate is anything you own that will be passed down, paid off, or otherwise disposed of upon your death. An estate plan is made up of the official documents that legally ensure your wishes are carried out.
We will help you to review your assets and documents, designate beneficiaries, examine potential tax considerations, provide guidance to help ensure that your loved ones are protected, and your legacy wishes are in place.
Investment Products
With the power of LPL Financial behind us, Sound Wealth Management is proud to offer a full array of non-proprietary financial products and services with the independence to tailor strategies to specifically meet your individual needs.
Product offerings include but are not limited to: stocks, bonds, exchange-traded funds (ETFs), mutual funds and insurance products.
Life Insurance
A life insurance review is a key part of a solid financial plan.
You can use life insurance to leave much-needed income to your survivors, provide for your children’s education, pay off your mortgage, and simplify the transfer of assets. It can also be used to replace wealth lost due to the expenses and taxes that may follow your death and make gifts to charity at relatively little cost to you.
Annuities
Annuities can plan an important role in a client’s overall financial plan. With people living longer and having fewer options for secure retirement income, annuities can be part of a solution to help clients avoid outliving their retirement savings. There are many different annuity types to choose from, each with its own benefits and considerations.
Fixed and Variable annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
Medicare
Medicare is available to virtually all U.S. citizens and legal residents 65 years of age and over who have previously worked and paid U.S. taxes or who are/were married to someone who did. And while this opens a host of healthcare coverage options, there are important considerations to help you make the best decision for your personal circumstances.
If you need help reviewing the options that are available to you and how they fit into your life and financial plan, the professionals at Sound Wealth Management are glad to help you navigate your choices.
Employer-Sponsored Retirement Plans
We partner with industry leaders to provide our business clients with high-quality, cost-effective retirement programs that offer the ability to specifically tailor their plan offerings and services to meet the needs of your company.
You will enjoy fixed, transparent plan pricing with bundled and unbundled options allowing you both flexibility and certainty in your plan cost structure.
We will provide you with a plan benchmark analysis to help you maintain your compliance with ERISA and Department of Labor requirements.
Disability Income Insurance
Your most valuable asset is your ability to earn a living. Plans for the future – from buying a home or paying for college to building a retirement nest egg – are based on the assumption that the paychecks will continue until your retirement. But what would happen if those paychecks stopped? That’s where disability income insurance comes in. It provides a tax-free income as a salary replacement when you are no longer able to work as a result of illness or injury.
529 Education Savings Plan
For many people, a 529 savings plan offers an opportunity to achieve an important life goal and improve overall financial health. As college and university administrators determine how higher education will look in the future (classes on campus, remote learning, or a mix of both), the benefits of a 529 plan have never been more meaningful. Here are three benefits that are particularly important, especially as the cost of higher learning continues to rise:
Not only can 529 plan assets be used to pay for tuition and books, but they can also pay for computers, internet access, and other equipment. This will be especially important as online schooling continues to be a popular option.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act expanded qualified expenses to include registered apprenticeship programs and repayment of college debt.
Account owners have full control over 529 plan assets and can even be the beneficiary of their own accounts. This is a huge benefit for anyone looking to go back to school right now to advance their skills for the evolving work environment and new opportunities that may come with it.
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarships funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Long-Term Care Insurance
Long-term care (LTC) goes beyond medical care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time (longer than 90 days), and it is important to note that these expenses are not covered by Medicare.
By allocating nothing for long-term care expenses, you could be risking retirement assets. With the help of your family and the professionals at Sound Wealth Management, you can create a written plan to ensure care for yourself today and in the future.
Guarantees are based on the claims paying ability of the issuing company.
Charitable Giving
If you have charitable intentions, there are a number of creative planning tools that may help you to both fulfill your philanthropic desires as well as enhance your financial plan. We will help you to explore the possibilities of charitable gifting in line with your priorities and which options may be the best fit for both to suit both your altruistic and financial goals.
Nonprofit Endowment Management
Creating an endowment may be an important strategy to aid your non-profit organization in building a lasting legacy to sustain your community impact. We take our fiduciary responsibility toward managing your organization’s endowment funds very seriously, placing emphasis on risk management to help ensure that your mission can be served for generations to come.
Corporate Benefit Liaison Services
Sound Wealth Management’s Corporate Benefit Liaison Services empower your employees with the experienced advice that they need to make prudent insurance and investment selections within the benefits package that you, as their employer, provide, tailored to address their individual retirement and lifestyle needs.
You provide the tools. Allow us to assist your employees in putting them to work in their lives.
