How to Adjust Your Investment Strategy as You Approach Retirement
As you get closer to retirement, it’s normal for your investment priorities shift – in fact, they should. The aggressive growth strategies that may have worked in your 30s and 40s might not align with your financial goals now that you’re knocking on retirements door. Instead, preserving wealth and generating sustainable income become key considerations. […]
How to Align Your Financial Plan with Your Life Goals and Priorities
Setting out to achieve your life goals can be an exciting journey, but it’s a lot easier when your finances are in sync with those goals. Whether it’s buying your dream home, saving for your kids’ education, retiring on your terms, or exploring the world, learning how to align your finances and life goals can […]
Building Wealth for Life: A Comprehensive Guide for Your Financial Journey
Building wealth isn’t just about accumulating assets—it’s about navigating a financial journey with purpose. Building wealth for life requires planning, strategy, and the ability to adjust course as life changes. Whether you’re just starting out or fine-tuning your approach, having a clear roadmap can help guide you toward long-term success. So, how do you embark […]
How to Balance Lifestyle, Legacy, and Community Capital in Retirement
Retirement is more than just the end of a career; it’s the beginning of a new chapter filled with opportunities to align your finances with your values. For many, this means answering some important questions: How do I enjoy my golden years while leaving a meaningful legacy? How can I contribute to my community while […]
Designing a Retirement Income Stream That Outlives You
Picture this: You’re lounging on a sun-dappled porch, enjoying the results of decades of hard work, knowing your finances are thoughtfully arranged. This isn’t just a dream; it’s the potential outcome of effective retirement income stream planning. For many, the fear of outliving their savings is a significant concern, but with the right strategies, you […]
Optimize Your Portfolio by Rebalancing for the New Year
The start of a new year is a natural time to reassess your financial goals and ensure your investments are aligned with your broader strategy. Markets fluctuate throughout the year, and even the most carefully planned portfolios can drift away from their intended allocation. Rebalancing your portfolio helps bring it back into alignment with your […]
Year-End Financial Planning: 7 Steps to Take Now
As the end of the year approaches, it’s the perfect time to evaluate your financial situation and make thoughtful decisions to start the new year with a strong foundation. At TriCapital Wealth Management, we understand the importance of proactive planning to align your finances with your goals. Whether you’re focused on preparing for retirement, managing […]
Family Philanthropy: 5 Ways to Teach Your Kids About Giving Back
Teaching children the value of generosity and the importance of giving back is one of the most meaningful lessons a family can impart. Family philanthropy offers a hands-on way to instill these values, helping kids understand their role in supporting their community and beyond. By involving children in charitable activities, families can foster compassion, empathy, […]
Understanding the Role of Qualified Charitable Distributions in Your Philanthropic Plan
For those who are passionate about philanthropy and mindful of tax implications, understanding Qualified Charitable Distributions (QCDs) can be a powerful way to integrate charitable giving into a retirement income strategy. QCDs allow individuals age 70½ and older to make tax-free donations directly from their IRA to a qualified charity. Not only can QCDs help […]
Developing Your Post-Retirement Investment Strategy
Entering retirement is a significant milestone—a time to relish the fruits of years of labor. However, it also ushers in a new phase of financial planning that requires a well-thought-out, post-retirement investment strategy. Without a regular paycheck, managing your nest egg becomes an important part of maintaining your desired lifestyle. If you’re getting close to […]