Risk Management
You have worked hard to accumulate wealth over the years and safeguard it against potential risks. By taking the necessary steps, you can help to ensure that your assets will be available to support you and your family while maintaining your desired standard of living. Here are some ways Milestone Wealth Management can assist:
Life Insurance
Life insurance can offer additional financial security for your loved ones. How? With Milestone Wealth Management, we can help you select the right type of insurance to ensure that your beneficiary(ies) will be entitled to a pre-determined lump sum payment at the time of your passing. Choose from term insurance, which provides protection until a specific age, or permanent insurance, which offers lifetime protection.
Long-Term Care Insurance
Most of us will require additional medical care or caregiving as we age, and health care plans do not cover many of these expenses. It’s important to plan for these added costs in your “earning years” so that you don’t have to deplete your nest egg to pay for basic care later in life. Long-Term Care Insurance will cover the added cost of care you may need in your later years, whether you choose to stay at home with in-home care or move to an assisted living or long-term care facility.
Protecting Your Wealth
Now is the time to protect the wealth you’ve accumulated. When it comes to your portfolio, there are several options to consider that offer asset protection. Here are just two: diversification, which means investing in a wide array of companies with variable rates of return; and dividend-based investing, which allows you to invest in stable companies that pay consistent dividends – i.e., additional income – to you and your family.
Concentrated Equity
Diversifying a highly concentrated position can help reduce your risk. One common aspect of wealth management is having too much of your wealth concentrated in one asset or, simply put – too many eggs in one basket. A diversified portfolio that includes a variety of different stocks, bonds, and other investment vehicles will provide balance, shielding it against individual asset fluctuations and market volatility. There are many available options to help reduce the risk of a concentrated position in your portfolio.
Real Estate
Navigating the world of real estate involves significant financial commitments and potential risks. Our real estate risk management services provide comprehensive strategies to safeguard your investments. We evaluate market conditions, perform thorough due diligence, and develop customized plans to minimize exposure to risks such as market fluctuations, property devaluation, and unforeseen expenses. With our expert guidance, you can confidently make informed decisions, ensuring your real estate portfolio remains robust and resilient.
Income Protection
Your income is the foundation of your financial stability and future plans. Protecting it is crucial to maintaining your lifestyle and achieving your long-term goals. Our income protection strategies are designed to provide a safety net against unexpected events such as illness, injury, or job loss. We offer tailored insurance solutions and financial planning services to ensure you have a reliable source of income, even when life throws you a curveball. With our support, you can focus on your aspirations, knowing your financial future is secure.
