Understanding Your Goals

Personal Services

There are times when a parent, child or loved one suddenly find themselves alone or no longer able to handle or manage their personal finances. Our 1865 Wealth Advisors team understands the trust that is required to turn something so important over to a third party and we’re experienced in handling this sensitive situation with care.

  • Naming a Power of Attorney is a big decision and speaking with a professional third party will help ensure you’re aware of your options, while also allowing you the peace of mind that you’ve made the right decision. You can even name 1865 Wealth Advisors as your Power of Attorney, if you so choose.

  • Sometimes bill paying and account reconciliation become too much. Again, for these and other personal financial services, we’re here to help.

We know every situation is different. That’s why 1865 Wealth Advisors offer the personalized approach you’ve come to expect. We will only recommend services that are appropriate for you. Even if your situation calls for a service that we do not offer, we’ll work closely with any advisor you choose.

Retirement Accounts & Planning

Over the years, you probably set financial goals for yourself, your family or your business. You want to know that when your goals are attained, you can relax, knowing you have provided financial security for yourself and others. That is why it is important to select the best financial partner to assist you in attaining your goals. Let 1865 Wealth Advisors help you organize and manage your retirement solutions with our broad range of products and services.

Retirement Solutions:

A Traditional IRA is an Individual Retirement Account and is a form of a retirement plan. Opening an Traditional IRA may be the right choice for your future — it is a pre-tax plan that provides many benefits now such as tax advantages. CNB Bank Wealth & Asset Management advisors can assist you in selecting the most appropriate type of IRA for you, based on your goals, time horizon and financial situation.

The Roth IRA is also an Individual Retirement Account, but it is different from a Traditional IRA because the tax break is on the money withdrawn from the plan during retirement instead of a tax break being granted for money placed into the plan. But it is more lenient on age contribution restrictions and when you need to take money out.  Which is right for you? Let an 1865 Wealth & Asset Management team member help you determine the right plan.

A Rollover IRA is tax-smart way to keep your retirement savings invested and avoid potential early withdrawal penalties. By rolling over your old Employer 401(k) plan to a Rollover IRA you can keep control of your account and give it the direction and control that you didn’t have when it was with an employer plan.  From start to finish, we’ll help you through the rollover process.

A Rollover IRA allows you to:

  • Consolidate your assets from various employer retirement plans.
  • Take advantage of a potentially larger selection of investment choices with lower fees.
  • Generally, withdraw money without a 10% early-withdrawal penalty if you are age 59½ or older.

Rollover IRAs are subject to the same distribution and funding requirements as Traditional IRAs.

Retirement Income Planning

You’ve worked hard to save and plan for your retirement. Once you retire, you need to determine the best way to allocate your assets in order to generate the income you need. There are several investment options that 1865 Wealth & Asset Management can assist you with in your planning. This is where our whole team of advisors, investors and account managers would come together to develop a Retirement Plan based on your situation in life, goals, income needs and risk tolerance for the invested money. This can be done before you retire or while you are in retirement. Call us today for an appointment.

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