A 2024 survey by Caring.com revealed that only 32% of Americans have a will as part of their estate strategies. Many put it off, thinking it’s too early or they don’t have enough money to need one. Estate management can be complex. So, it can be helpful to consider your estate strategy as an ongoing process. We’ve seen many families negatively impacted by common preparation mistakes. Here are just a few: 1️) Overlooking the benefits (and limitations) of a Financial Power of Attorney or Advance Health Care Directive 2️) Not providing details on how to access digital tools 3️) Not accounting for non-financial assets such as heirlooms, pets, etc. 4️) Not periodically reviewing your estate strategy 5️) Not preparing for the expiration of the Tax Cuts and Jobs Act (TCJA) at the end of 2025. Even if there are no changes to your situation, you may want to meet periodically with your estate team to discuss whether your estate strategy reflects current best practices in estate management. #EstateManagement #LegacyStrategy #PersonalFinance #WealthTransfer
WealthPoint Advisors
Financial Services
Indianapolis, Indiana 122 followers
Securing Tomorrow, Today.
About us
Indianapolis-based WealthPoint Advisors provides fee-only wealth management and financial planning services to high net-worth individuals, retirement plans, corporations and non-profit organizations. As a fee-only Registered Investment Advisor Firm, we are bound by our fiduciary responsibilities to our clients and provide unbiased, personalized counsel. Our wealth management consulting process allows us to become better acquainted with our clients, their current financial status and their future goals. Unlike many financial planners who may gather your information and encourage you to “sign up” for services, we strategically move through the process to ensure we provide the best possible investment advice. We are approved to be one of the exclusive Registered Investment Advisors who is allowed to invest our clients in DFA Funds (Dimensional Fund Advisors). See www.dfaus.com.
- Website
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http://www.wealthpointadv.com
External link for WealthPoint Advisors
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Indianapolis, Indiana
- Type
- Privately Held
- Founded
- 2009
- Specialties
- Wealth Management, Financial Planning, Investment Advice, Retirement Planning, Estate Planning, and Financial Advice
Locations
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Primary
8520 Allison Pointe Blvd
Suite 230
Indianapolis, Indiana 46250, US
Employees at WealthPoint Advisors
Updates
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You can help ensure that losing your wallet doesn't turn into something bigger.
What to Do When You Lose Your Wallet
wealthpointadv.com
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In a 2024 National Institute of Retirement Security survey of working-age Americans, 79% agree that the nation faces a retirement savings crisis, up from 67% in 2020. And more than half of Americans (55%) are concerned about their financial security in retirement. Gen Z, the youngest adults in America, thinks they have a potential solution. Have you heard about the FIRE 🔥 movement? The FIRE philosophy (Financial Investment, Retire Early) urges workers to save up to 70% of their income for early retirement. According to a survey by Credit Karma, more than 50% of Generation Z say they are part of the FIRE movement. However, the problem is that 76% of Gen Z have no company-sponsored retirement plan, and nearly 60% lack a savings account. So, the data would suggest that the vast majority of people lack the tools needed to pursue the early retirement dream. When was the last time you assessed your retirement strategy? Let us know if you’d like to review your approach to see if you’re on track to pursue your retirement goals. #GenZ #FIREmovement #RetirementStrategy #FinancialLiteracy #InvestInYourFuture
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Marginal tax bracket and holding period affect capital gains taxes. Learn more.
Capital Gains Tax Estimator
wealthpointadv.com
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With the uptick in do-it-yourself (DIY) investing, more people than ever are trying their hand at managing a portfolio. This can be risky, and individual investors find themselves attempting to manage several potential missteps. Here are the 4 biggest missteps DIY investors often make: 1. Letting Their Ego Interfere: Ego can lead traders to overvalue their own ideas, abilities, and knowledge about the financial market. Ego can lead to poor decision-making, especially in pressure-filled situations. 2. Making Emotion-Based Decisions: Managing your emotions is one of the most challenging aspects of investing. DIY investors often look for a person to ask, “What do you think?” 3. Portfolio Concentration: DIY investors inadvertently find their portfolios concentrated in a few assets, which may not align with their goals, time horizon, and risk tolerance. 4. Failing to Use Portfolio Management Tools. Modern portfolio management tools can help guide the process of managing money. However, some DIY investors don't understand them or how to use them properly. DIY investing works for some, but it can be challenging, and individuals may find themselves in complicated situations and searching for answers. A financial professional may be able to offer a second opinion. #DIYInvesting #InvestingMistakes #FinancialStrategy
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Happy Independence Day! Hoping you and your family and friends have a wonderful long weekend! And while you’re celebrating, don’t forget to think about our freedom, what freedom means to us, and how we can work together to uphold those ideals in our own communities. Whether you're hosting a backyard barbecue, watching a parade, or simply enjoying the day with loved ones, remember the courage and determination of those who fought for our independence. Here’s to the land of the free and the home of the brave! 🎇 #IndependenceDay #4thOfJuly #Freedom #Unity #ProudToBeAmerican
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Protect yourself from identity theft. #IdentityTheft
To Catch a Thief
wealthpointadv.com
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Buying a home may be your largest financial commitment. Which loan is best for your situation?
Fixed or Variable Mortgage, Which Should You Pick?
wealthpointadv.com
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U.S. Service Members should consider taking advantage of programs that are available. #MilitaryFamilies
Personal Finance Tips for Military Families
wealthpointadv.com