Imagine this: everything you’ve worked for, your home, your savings, your treasured belongings, all at risk because you don’t have a will. Nearly half of Americans don’t have a will or living trust. What happens if something unexpected occurs? Without proper estate planning, your family’s future could be left to chance.
This isn’t just about paperwork; it’s about the goal of protecting your family and ensuring your wishes are honored. It’s about confidence in your estate plan.
Don’t wait until it’s too late. Join us for a free workshop that will equip you with the knowledge to make informed decisions about your estate. Take control of your future today—are you ready to take the first step?
What is Covered?
– Wills, trusts, and powers of attorney.
– Strategies aimed to avoid probate and minimize estate taxes.
– Strategies to aim to protect assets from nursing home costs.
– Creating a will: Essential elements and common pitfalls.
– Understanding and establishing trusts for asset preservation.
– Effective use of powers of attorney and advance healthcare directives.
– Techniques to prevent family disputes and ensure heirs honor your wishes.
– Reducing taxes and creating tax-free income in retirement.
– Finalizing and updating your estate plan
Guest Presenter:
Mac James Thatcher
From a young age, James Thatcher had an interest in personal finance. He opened up his own IRA at 19 and often helped friends and relatives create monthly budgets and financial plans to keep track of their money. Growing up in the midwest, where a firm handshake was often the beginning of a long-lasting relationship, James also learned the value of personal connections and showing up for others early on. James spent several years working in customer service, following his passion for helping others. As a Financial Advisor, he takes pride in assisting clients in creating a comprehensive financial strategy that sets them up for retirement.
De-Risk Your Retirement Dinner Seminar – REDDING, CA
August 11 @ 6:15 pm - 9:00 pm
Free
Ahhhh, taxes — a necessary evil in our American lives. They pay for roads, safety and a whole host of other community-related services. We enjoy the benefits our taxes pay for but loathe the idea of paying more than our fair share. Taxes leave our pockets with that less-than-full feeling after Uncle Sam takes his cut. Taxes follow you even into retirement. Those retirement accounts you’ve started drawing from, Social Security benefits you’re receiving and other income from accounts designed to support your lifestyle in retirement may be taxable.
For most of your working life, you’ve been in an accumulation phase — gathering and growing assets to be used to support you in your later years. During retirement, however, you move to a different mindset as you transition into a distribution phase. Planning for the distribution phase includes a shift in perspective as you work toward preserving the assets you spent so many years building.
One of the keys to preserving your assets is to develop an appropriate distribution strategy, one that accounts for many things — including the taxes you’ll owe in retirement — and answers key questions: When should I start taking income from my accounts? Which accounts should I take the income from? A distribution strategy is designed to create a plan for optimizing your tax liability and your income — and maintaining that income for as long as you will need it.
Even if you’ve already entered retirement, you can still benefit from distribution planning and potential repositioning of assets to help ensure your strategy is as tax efficient as possible. While distribution planning would start before retirement in an ideal world, people who have already entered retirement can also greatly benefit from building a
distribution strategy to potentially pay less in future taxes. But where do you begin?
What steps do you need to take today to help ensure financial confidence
tomorrow? An experienced financial professional can help you develop a tax-efficient approach designed to preserve your retirement assets, whether you’re already retired or you plan to work 10 more years.
Join us at the Gaia Hotel for a free educational dinner seminar!
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This website Bright Lake Wealth Management (this “Website”) is owned and operated by Bright Lake Wealth Management. Bright Lake Wealth Management offers investment advisory services and is registered with the state. Registration does not constitute an endorsement of the advisory firm by the state nor does it indicate that the advisory firm has attained a particular level of skill or ability. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Neither the Website nor any of its content is offered as investment advice and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. The information contained herein reflects the opinions and projections of Bright Lake Wealth Management as of the date hereof, which are subject to change without notice at any time. Bright Lake Wealth Management does not represent that any opinion or projection will be realized. Bright Lake Wealth Management, nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current or complete, and such information is subject to change without notice. Any performance information must be considered in conjunction with applicable disclosures. Past performance is not a guarantee of future results. Neither this Website nor its contents should be construed as legal, tax, or other advice. Individuals are urged to consult with their own tax or legal advisers before entering into any advisory contract.
