Life isn’t always predictable, so stay ahead of the curve with a comprehensive risk management assessment. Life is uncertain, and having a systematic risk management process is a key part to making sure your plan stays on track. We systematically assess your potential risk exposures, which could lead to adverse deviations from your desired outcome(s).Through this process, we help determine the most appropriate strategies in which to mitigate these variables, implement solutions that can greatly enhance what you can achieve with your plan, and give you greater financial confidence.
40%: The percentage of individuals who reach age 65 who will enter a nursing home during their lifetimes.1
Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.2
The average long-term disability claim is about 35 months.3
The Process
There are many varied risks that can affect your life’s plan, and many of them overlap into different sections of your plan. Some risks we have control over, and others can appear out of the blue. We review each possible risk variable, its probability and severity to help determine which risks need to be mitigated. Through this systematic process we can best assess and help negate the risks that can affect you the most.
Your Taxes
Have you diversified your tax portfolio?
How would a tax increase of 15% affect your lifestyle?
Does your current plan provide you with the opportunity for tax-free income?
What planning have you done to minimize taxes and maximize your after-tax cash flow?
Your Contingencies
What business and family uncertainties should concern you most, and how can you prevent them?
If your earning power is interrupted or diminished, how would it affect your lifestyle and your family’s?
If you were served with a lawsuit, what is the exposure of your personal and/or business assets?
Your Retirement
How can you protect against the financial impact of increased longevity?
Will you have tax advantage income in retirement?
How will you sustain your current income level through the next financial crisis?
Your Investments
Are you taking on more risk than you need to reach your goals?
How will your investment assets be affected by unexpected inflation or deflation?
Do you have a long-term strategic investment plan?
Your Liquidity
Is too much of your total net worth tied up in your business?
Will you be able to meet all of your family commitments?
Do you have sufficient liquidity to meet your life’s obligations without the forced sale of assets?
Do you have sufficient liquidity to meet the costs of settling your estate?
Your Insurance
Do you have the WRONG type of life insurance?
How do you know if long-term coverage is right for you?
If your income is reduced by 50% due to a disability, would your lifestyle be altered?
If a long-term care event happened to you or a family member, what plan do you have in place?
Services Offered
Creditor Protection Planning
Disability Income Planning
Survivorship Income Planning
Investment Risk Management
Long-Term Care Planning
Business Risk Management
Life Insurance Planning
Debt Planning
Trust Planning
Getting Started
All of our relationships start with a meeting in which we get to know one another. There is no cost or obligation with many clients having plans in place and looking for a free second opinion. Please don’t hesitate in contacting us at 203.335.0851 and we will be happy to assist you in any way we can.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through GFS Wealth Management Advisors, Inc. (GFS). Insurance products and services are offered and sold through individually licensed and appointed agents in all appropriate jurisdictions. Agents are associated with Ganim Insurance Consultants, Inc. (GIC). Kestra IS is not affiliated with Ganim Financial, GFS or GIC. Ganim Financial, GFS, GIC, and Kestra IS do not offer tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax and legal counsel.
This site is published for residents of the United States only. Registered Representatives of Kestra Investment Services, LLC may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative listed. For additional information, please contact our Compliance department at 737-443-2582.
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There are no warranties implied. GFS Wealth Management Advisors, Inc. (“GFS”) is a registered investment adviser located in Bridgeport, CT. GFS may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. GFS’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of GFS’s web site on the Internet should not be construed by any consumer and/or prospective client as GFS’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by GFS with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of GFS, please contact the state securities regulators for those states in which GFS maintains a registration filing. A copy of GFS’s current written disclosure statement discussing GFS’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from GFS upon written request. GFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to GFS’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.
