Helping families find peace of mind TO and THRU Retirement
Personal finance is just that. Personal. At Wela Strategies we take a “person first” approach in our relationships. Our advisors work one-on-one with you to understand your financial goals and needs. Our team works together to ensure that your experience is tailored to you and your family.
At Wela Strategies we want to help people work towards their financial goals whether you are just beginning your investment journey or are getting ready to enjoy retirement. We strive to help you meet your financial goals that are unique to your situation.
Key Rules of Thumb
Financial Tools That Our Advisors Often Use To Help Our Clients Work Towards Their Financial Goals.
The Bucket System
All the money you invest will fall into one of four asset groups, or “buckets,” that work together to move you towards your goals.
A straightforward way to measure the amount of money you have in relation to the amount of money you need. Have/Need = Rich Ratio
The 4% Rule
When you retire, the goal is to stay within a 4% distribution rate on your account every year to enable you to live off of the income generated in the portfolio without drawing down the portfolio.
Visualize your retirement using comprehensive, color-coded timeline. Draw out a one-page timeline with important dates, income streams, and financial life events.
What would you do with an unexpected gift of $220,000? Inversely, what would a $220,000 contribution from you mean for your legacy and loved ones?