Additional Services
Investment Management
Investment management is a practical financial solution to pursue your wealth goals and objectives both now and in the future. Many people put off investing until later in life because they think they must wait until the right moment. The truth is there is no better time to start building your wealth portfolio than now. A financial advisor helps you explore investment opportunities so you understand your risk tolerance and learn effective strategies to invest your wealth.
How Can an Investment Management Advisor Help?
An investment manager is interested in your financial well-being based on short- and long-term goals. Financial awareness is developed through work with an independent advisor who provides education and pertinent advice related to your wealth needs and desires. This process involves looking ahead to future events that will shape your life, such as buying a home or having a family. You also need to plan for your retirement years and possible healthcare decisions. A financial advisor wants you to avoid being caught off guard by the circumstances of life that inevitably arise.
Why Should You Use Investment Management Services?
Life is constantly changing and demanding more of your hard-earned dollar. A wealth advisor puts you in charge of your financial well-being by giving you the tools and information to make sound investment decisions while managing your valuable assets. RMG Financial Group, LLC, is the team you need to make your dreams clear and keep your financial goals on track. Contact us to get targeted investment advice and financial solutions from one of our knowledgeable advisors.
Insurance Planning
Insurance is a necessary part of life in the modern world. You need it when you own a car or a house, and most people have health insurance to protect them from the financial burdens that come with getting sick. However, insurance planning helps you mitigate life’s most significant risks. Life insurance is an essential component of any solid financial plan.
What Is Life Insurance?
Insurance shifts the economic burden of your losses to the insurance company. A life insurance policy provides your named beneficiaries with financial benefits upon your death. To receive this benefit, you need to pay into the policy through monthly premiums.
What Kind of Policy Do You Need?
Not all life insurance works the same way. At RMG Financial Group, we help you determine which types of policies work best in your situation. We work with the following:
- Term Life: These policies are only in effect for a designated number of years (usually 10, 20 or 30 years), after which they expire.
- Whole Life: These policies don’t expire. The policy's value increases over time and provides you with a tax-deferred cash value accumulation.
- Universal Life: This permanent life insurance plan offers flexible premiums and interest accumulation.
- Survivorship Life: These plans cover two people, and the beneficiaries don’t receive the benefits until both individuals pass away.
Your RMG Financial Group advisor can help you select life insurance policies that meet your needs and make adjustments when those needs change. Get in touch with us to find out more information about insurance planning.
Estate Planning
Estate planning is one of the most important financial decisions you make for yourself and your family. A formal estate plan is an effective wealth management tool that allows you to securely distribute your assets in the event you are incapacitated or pass away. You deserve the assurance that your property — such as real estate, automobiles, assets and cash savings — are dispersed to loved ones with your desires in mind.
What is Estate Planning?
Estate planning involves drawing up legal documents that determine how your assets are distributed. All estate plans are unique based upon individual circumstances. Our financial advisors develop a legacy plan that considers the long-term wealth needs of beneficiaries and works to reduce taxes and fees associated with inheritances.
You have the flexibility of managing your estate throughout your lifetime and deciding how asset distribution takes place after your death. You can designate someone you trust to manage your financial affairs if you are no longer able to.
What Documents Are Included in Estate Planning?
Documents in an estate plan cover essential legal and financial issues. These are types of documents used in estate planning:
- Will
- Living will
- Durable power of attorney
- Trusts
- Personal property memorandum
You work with your financial advisor to identify your objectives and develop a plan that covers you now and into the future. RMG Financial Group is your team for estate planning, giving you confidence regarding your wealth management goals. Contact us to learn more about financial strategies that fit your life.
RMG Financial Group and LPL Financial do not provide tax or legal advice or services. Please consult your tax or legal advisor regarding your specific situation.