THE RIPPLE EFFECT OF FINANCIAL DECISIONS
Understanding the interrelationship of each financial decision and how it affects your financial outcomes.
Making Better Decisions on Your Foundational Needs
At Home Decisions, we believe most families would be well served by focusing on making the best decisions possible in their five main core, foundational areas.
In addition, it’s imperative to understand the interrelationship of how decisions in one
area can affect the others.
THE RIPPLE EFFECT OF FINANCIAL DECISIONS
Understanding the interrelationship of each financial decision and how it affects your financial outcomes.
Making Better Decisions on Your Foundational Needs
At Home Decisions, we believe most families would be well served by focusing on making the best decisions possible in their five main core, foundational areas.
In addition, it’s imperative to understand the interrelationship of how decisions in one
area can affect the others.
The 5 Foundational Steps of Main Street Americans:
1. Home Ownership: It’s foundational and where many people start their wealth journey.
2. Life Insurance: With home ownership comes the responsibility to protect your family's future.
3. 401k's and IRA's: This is where the majority start their retirement investing journey.
4. Retirement: It's crucially important to make the best decisions before you get here.
5. Legacy: What do you want to leave behind?
Additional Influential Factors to Consider: Taxes, Debt, Liquidity, Risk
Question: Are you making the best decisions possible to make it through this journey?
Services Offered By Our Team
Our focus is on improved decision making around these core foundational steps and to understand the interrelationship between foundational areas.
Home Ownership
Whether making a home purchase or refinancing, our team has the most extensive lender options on the market and very competitive rates.
Questions to consider:
How much down payment should I make?
Should I pay off my mortgage faster?
What do I do if most of my assets are in my mortgage?
Insurance Protection
Our insurance industry experts will create the best life insurance and long term care strategies for your situation. Gofundme should not be your option.
Questions to consider:
Is term or permanent better for my family?
What’s my plan for paying for long term care?
What are the tax benefits of cash value insurance?
Retirement Accumulation
401k and IRA’s. We provide extensive experience in developing the best possible solutions for your financial situation.
Questions to consider:
What are the tax consequences of IRA's in retirement?
How do you pick what to invest in?
How will losses affect my future retirement?
Retirement Decumulation
When you get to this point, spending down your assets in an efficient way is an absolute must. Our team has experience in retirement income solutions to help make sure you don't run out of money.
Questions to consider:
What are my guaranteed sources of income in retirement?
What is sequence of returns risk?
How will a lack of long term care effect my retirement?
Legacy Planning
Leaving a legacy to your family or charity can be fulfilling but will only happen if you made the best decisions before getting here. We have several partner firms if you need a referral to build your estate plan.
Questions to consider:
Will the courts make my decisions for me??
Do I have a complete estate plan with all necessary documents?
Will I still have a life insurance policy to pass on to my loved ones??
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