FAQs
When should I start planning for retirement?
The best time to start retirement planning is as early as possible. Even if you're in your 20s or 30s, starting early allows compound growth to work in your favor. However, it's never too late to start - we help clients at all stages of life create effective retirement strategies.
What are tax-free income strategies?
Tax-free income strategies include investments in Roth IRAs, Roth 401(k)s, municipal bonds, and certain life insurance policies. These vehicles allow your money to grow tax-free and provide tax-free income in retirement, helping you keep more of what you've earned.
What is downside protection?
Downside protection refers to strategies that limit potential losses during market downturns while still allowing for growth potential. This can include diversification, asset allocation, options strategies, or structured products designed to protect capital.
What is legacy planning?
Legacy planning involves creating strategies to transfer your wealth to your heirs or chosen beneficiaries in the most tax-efficient manner possible. This includes estate planning, trust structures, life insurance strategies, and charitable giving options.
Do I need a will or trust?
Most people benefit from having at least a will, but trusts can provide additional benefits like avoiding probate, providing privacy, and offering more control over how and when assets are distributed. We work with estate planning attorneys to determine the best structure for your situation.
What makes LaBostrie Financial different?
We focus on personalized, relationship-based financial planning with an emphasis on tax-free income strategies, downside protection, and holistic life planning. Our approach is educational and transparent, helping you understand not just what we recommend, but why.