Holistic Client-Centered Financial Planning

We focus on the things that will better help our clients.

When planning your financial future, the key is to ask the right questions. Knowing what you are looking for will allow you to establish your needs so that together with us, you can create the appropriate plan. At Wealth Financial Group West, we choose to be proactive in our approach to help prevent any issues that may arise when guiding you through your financial future. We continually refine our methods to provide the best possible service for you.

Key Services:

Financial Planning

Financial planning is the long-term process of wisely managing your finances so you can achieve your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember, financial planning is a process, not a product.

Steps to create a sound Financial Plan:

  • Step 1: Establish Goals
  • Step 2: Gather Data
  • Step 3: Analyze & Evaluate Your Financial Status
  • Step 4: Develop a Plan
  • Step 5: Implement the Plan
  • Step 6: Monitor the Plan & Make Necessary Adjustments


  • Set Realistic financial and personal goals.
  • Assess your current financial health by examining your assets, liabilities, income, insurance, taxes, investments and estate plan.
  • Develop a realistic, comprehensive plan to meet your financial goals by addressing financial weaknesses and building on financial strengths.
  • Put your plan into action and monitor its progress.
  • Stay on track to meet challenging goals, personal circumstances, stages of your life, products, markets and tax laws.

Income Planning

Making sure your assets can generate the retirement income stream you need today and keep up with the rising cost of living that inflation pressures can exert requires expert planning.

Which income streams do you have control over? Some like Social Security and pensions are automatic. Others like distributions from your retirement and investment accounts or annuities require specific decisions as to when and how much you should take out. Some of your accounts may allow you to take a guaranteed income stream that you can’t outlive.

Helping you plan your income in the most tax efficient manner to meet your needs involves a well thought out plan to evaluate your special needs concerning risk of assets, liquidity needs for emergencies and feeling comfortable with the possible changes in your income needs from changes in the cost of where you live to changes in the cost of your health care.

*Any guarantees offered by an insurance company are based on their claims paying abilities.

Investment Planning

Did you lose money in the two bear markets during the last decade?

Two questions can help you establish your risk comfort level.

First Question:

  • How would your lifestyle change if you had a 30 to 50% gain in your investment portfolio?

Some people respond that they might spend or travel a little more or just feel more secure. Nothing will dramatically change.

Second Question:

  • How would your lifestyle change if you had a 30 to 50% loss in your investment portfolio?

Some people respond that they would be devastated or have to move to a smaller home or drop a club membership or some other dramatic change. The loss has a dramatic change in their mindset and lifestyle.

This is the primary reason why Affluent Americans are far more concerned with protecting what they accumulated rather than chasing a risky possible high rate of return.

Are you prepared or comfortable with the possibility of another major market sell off?

IRA and 401(K) Rollovers

When you change jobs or retire, there are four things you can do with the money in your employer-sponsored retirement plan:

  • Leave the money where it is
  • Take the cash (and pay income taxes and perhaps a 10% federal penalty tax if you are younger than age 59½ )
  • Transfer the money to another employer plan (if plan allows)
  • Roll the money over to an IRA

Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you, and the vehicle to help conserve and grow your rollover assets.

IRA Legacy Planning

IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to manage taxes and increase the payout your beneficiaries will inherit upon your death.

A properly structured IRA may provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial scenario to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs.

Life Insurance

Life insurance isn’t for those who have died—it’s for those who are left behind. When shopping for life insurance, consider needs such as replacing income so your family can maintain its standard of living, as well as paying for your funeral and estate costs. As a rule of thumb, you should seek coverage between five and seven times your gross annual income. As far as the various types of policies go, they can generally be placed into one of two categories: Term and Permanent.

Term insurance generally provides coverage for a specified period of time, and pays out a specified amount of coverage to your beneficiary only if you die within that time period. You pay the same amount of premium from the first day of the policy until the term ends. Permanent insurance, on the other hand, does not need to be renewed. A permanent insurance policy will stay permanently in effect for the rest of your life so long as premiums continue to be paid.

As the oldest baby boomers begin to wind through their 50s, one of the biggest concerns may not be outliving income, but outliving good health.

Long Term Care

For seniors, home healthcare can cost $50,000 or more per year, and nursing home care can run as high as $80,0002 — does your retirement plan account for this large number? And twice that amount for a married couple?

Consider that you have to exhaust all of your financial means before Medicaid will pay for long-term care. And neither your group nor major medical insurance will cover long-term care.

We can help evaluate your situation and determine if purchasing a long-term care insurance policy is the right move to insure your future.

Retirement Planning

Retirement income plans are not just for the wealthy. As you near retirement, the traditional strategy has been to move growth-seeking products to more conservative fixed-income products. This may have worked fine back when retirement was only expected to last five to ten years.

These days, however, people are living longer. It’s not unusual for someone retiring at age 65 to live to age 90 or longer. Consider that you may need to plan for your nest egg to last potentially 25 to 30 years. Our specialty of designing and implementing tax efficient retirement plans gives us the tools to insure you will receive an income stream that cannot be outlived.

Social Security Planning1

One of the most confusing but most important phases of your retirement strategies is understanding Social Security retirement benefits. It is a retirement income source with some control and a variety of elections that you will need to make. Wisely managing your Social Security income benefits starts with understanding the facts.

For many, Social Security benefits alone will likely be insufficient to retire comfortably. Don’t assume you can draw full benefits at age 66 – the rules have changed.

Tax Preparation2

Perhaps the most impactful piece of retirement planning is determining your current and future tax liability and developing strategies to minimize the amount of taxes you pay in retirement. Tax planning can have a large impact on the amount of wealth you will be able to transfer to your heirs.

Trusts & Probate2

There are many different types of trusts, and they can be complex to set up and execute. However, a trust can be a very flexible and advantageous means to transfer your assets in the future. Most trusts also provide current benefits, such as tax deferral and deductions. Unlike a will, a trust will avoid probate upon your death. To learn more about trusts and how they may benefit you, please consult a qualified estate planning attorney that specializes in these matters.

Charitable Giving2

Give until it hurts may no longer apply.

Trusts and direct gifts are only one way of helping your favorite charities. Many other alternatives are available. Some allow you to maintain control of your asset and still avoid future tax problems that might have occurred without the charitable planning.

Charitable planning and analysis can be a very rewarding process for you and your favorite charity. Identifying potential current or future significant tax problems can help you, your heirs and your charities.

If you have significant qualified or no-qualified type assets like IRAs, SEPs, 401Ks or annuities3, as well as capital gains in stocks or business interests you may be creating significant future tax problems for you and your heirs.

Discovering these problems today gives you the time to plan properly and perhaps avoid them entirely and significantly enhance the future for yourself, your heirs or your favorite charity.

1Not associated with or endorsed by the Social Security Administration or any other government agency.