Bud Milligan, CRPC^®, MBA, CRPC^{®
Milligan Wealth Management}

Financial Services

We offer several levels of financial planning for individuals and families. These levels are Foundational, Core, Comprehensive, and Advanced. Foundational is our basic level of planning and goal setting, and we offer it to all clients at no charge. Pricing is based on level of complexity in our Core, Comprehensive, and Advanced Planning. Depending on needs and level of planning, services may include: Investment planning, Cash flow management, Retirement planning, Risk management, Income tax planning, Estate and charitable planning, Family wealth planning, and Business planning.

We meet with our advisory clients regularly to review their financial goals and our progress toward those goals. We provide investment advice and discuss alternatives, so they can make well-informed decisions. This allows us to pivot quickly when goals shift due to unforeseen circumstances.

We collaborate with our clients to identify suitable portfolios or portfolio mixes that help them work toward their personal goals. Services may include Annual portfolio review, Asset allocation selection, Dollar cost averaging strategies, Investment policy statement development, Ongoing risk tolerance assessment, Product research, and Re-balancing strategies.

We strive to prepare clients for retirement through financial planning. Depending on their needs and complexity of planning, this is done through our Foundational, Core, or Comprehensive financial plans. Services may include Retirement Outlook and timing analysis, Retirement plan contributions, Retirement income strategies, Social Security optimization, Medicare analysis, Stress testing, and RMD planning and execution.

There are several options regarding 401k investments for retirees or for those who are changing jobs. We examine the pros and cons of these options with our clients and help them decide which options may align with their needs.

With so many types of insurance, there is the potential to have overlapping coverage or gaps in coverage, relative to one's needs. For our planning clients, our insurance planning services may include: Review of existing policies, Life and Long-Term Care insurance needs analysis, Health care planning, Disability needs analysis, Property and casualty analysis, Creditor protection, and Complex insurance trust strategies.

Annuities are an investment and risk management tool that come in many forms. Some annuities provide guaranteed income streams or returns, others may offer specific risk-mitigation benefits for investments. They can be complex and are not appropriate for all investors. When identified as a suitable option for clients, we work with our insurance and annuity partners to find the options that align closely with our clients' needs. We then help our clients understand how they work and why we are using them in our investment or risk management strategies.

Depending on the level of planning a client chooses, we offer insight into estate plan options available. We often work with estate attorneys and accountants and strive to build a plan that is aligned with a singular strategy, to help the client achieve their goals. Services may include: Family financial education; Generational estate transfer planning strategies, Gifting strategies; Guidance on ownership titles and titling of assets; Guidance on sources of estate liquidity; Health care directives; Analysis of private annuities and family loan strategies; Ongoing trust review; Special needs planning; Trust planning and education; and Wealth transfer strategies.

We help our clients analyze their college savings needs and ways they can prepare. Part of this process is identifying and prioritizing our clients' other financial goals to help them create savings strategies that are aligned appropriately to those goals.

Clients who are seeking investment advice and management may use one or more of our managed investment accounts. We build and analyze portfolios for clients and educate our clients on the strategies we are using. Where appropriate, we use third-party investment managers to actively manage portfolios. For clients who qualify, we provide alternative investment options. This variety of investment advisory options allows for diversity beyond traditional investments.

Wealth management is the combination of financial planning and investment management. Clients who qualify for wealth management services may have access to the following services, depending on needs: Cash flow projections; Change in lifestyle guidance & updates; Debt management and consolidation; Mortgage analysis; Real estate purchase analysis; Expense management; Explanation of various components of cash flow (income, taxes, expenses); Financing and funding analysis; Goal prioritization & accountability; HSA contributions strategies; Major purchase goal analysis; Personal financing strategies; Financial guidance/planning for special circumstances - divorce, disability, job loss, special needs, monetary windfall, etc.; Guidance and analysis on cash flow management, budgeting, and emergency fund planning; Refinance scenarios; Savings strategies; and What-if scenarios.

For clients seeking ways to reduce or eliminate risk in certain areas of their lives, we work with our insurance partners to find alternatives that are suitable for them. These services may include: Annuity income analysis; Asset allocation, diversification, and securities research for variable life and/or annuities; Business liability review; Disability and health insurance analysis; Education on types of insurance (i.e. term vs. permanent, nursing home vs. home care, indemnity vs. reimbursement); Existing policy review; Liability and umbrella insurance analysis; Life insurance planning; Long-Term Care planning; Planning for unforeseen risks; and Survivorship income planning.

We offer options for clients who seek return or yields with low risk. Planning services may include: Contributions and savings strategies; Income and expenses analysis; Emergency funding analysis; Debt management; Large purchase funding analysis; Lending and financing analysis; and Advanced strategies for irregular cash flow.

Business owners and leadership must effectively manage various financial goals, to stay competitive. Some goals include keeping quality employees with competitive benefits, managing cash flow, succession planning, exit strategies, and family transfer techniques . We can help facilitate some of these objectives through evaluation of business use of insurance, buy/sell agreement analysis, cash management, deferred compensation plan analysis, employee benefit and retirement plan strategies, employee benefits planning, entity structuring education, intra-family and other business transfer techniques, and succession or exit planning.

While we do not give tax advice, we may work with our clients' accountants and CPAs to help align the strategies of these financial advisors with an overarching financial plan. Our tax planning services may include the following, depending on the level of planning in which our client is engaging: cost basis review and analysis; delivering accounting opinion; discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc.; Identifying AMT issues; Income tax illustrations and analysis; Income taxation of life insurance and annuity products; investment cost basis research and reporting; itemized deduction review; non-qualified deferred compensation programs; optimal tax strategies; qualified charitable distributions; retirement and HAS deductible contributions; Roth conversions; tax diversification strategies; tax implications of various stock plans (restricted, phantom, SARs, ESPP); tax loss harvesting; and tax-managed investment strategies.