Resources & FAQs
Resources and FAQs
Here’s a link to our Household Budget Planner. It is a Google Sheet so you will need a Google account to access.
Independent advisors like WWA use independent custodians, like E*TRADE Advisor Services and others, to hold and safeguard clients’ assets. For many investors, this provides a reassuring system of checks and balances—your money is not held by the same person who advises you about how to invest it.
You will receive quarterly statements, tax documents, and direct online access from your custodian.
However, in order to manage your investments appropriately, you’ll be required to sign off on a commonly used Limited Power of Attorney as part of your advisory agreement. This provides us with “investment discretion” and allows us to trade and manage your account on your behalf.
However, transactions such as contributions, transfers, and withdrawals can never be executed without your express written authorization.
Before we recommend any investment portfolio, we consider the current economic conditions, the outlook for that asset class or type of security, and how this investment fits the goal of your portfolio given your objectives, tolerance for risk, time horizon, income needs, liquidity needs, and tax considerations.
As a fiduciary to our clients, we strive to obtain the most appropriate investment vehicles to meet your objectives, with a concern for total expenses and risk exposure.
Your WWA adviser is always the best person to discuss your individual needs, wants and wishes when considering retirement accounts. However, if you want to know more about about an Investment Retirement Account (IRA) or a Roth IRA, we’ve gathered some great information here for you.
Click the links to open PDFs for IRA and Roth IRAs:
IRA Historical Limits (Traditional and Roth IRAs)
How a Traditional IRA Works
How a Roth IRA Works
Roth IRA Conversion-Factors to Consider
Qualified Roth Contribution Program
Click links to view PDFs on investing:
Accumulating A Million Dollars
Making the Most of Your Retirement Plan
Capital Gains and Losses (Individuals Estates andTrusts)
Coping With Market Volatility
Key Investment Questions
Monte Carlo Simulation
Tax-Exempt vs. Taxable Income Tables
The Perfect Investment
The Rule of 72 and the Rule of 115
Types of Investment Risk
What is an Exchange Traded Fund (ETF)
The cost of funding for college education can seem overwhelming. However, careful planning can get you on the road to funding either your own education, or that of a family member. Wisconsin Wealth Advisors has gathered some information related to college education funding that can get you on the right path.
Click on the PDFs here for more information:
No matter where you are on your life journey, it’s important to think about how you will care for the needs of a spouse, partner or other loved ones you leave behind. Estate planning can give you peace of mind today because you know your loved ones will be cared for if you aren’t there. We’ve gathered some resources to get you started. Wisconsin Wealth Advisors can also refer you to trusted partners that can help you with many of your estate planning needs.
Click on the PDF for more information:
Estate Planning Quick List
Estate Planning Detailed List
Items to Discuss Before Meeting with an Attorney
Choose the Estate Planning Team
How Often Should Legal Documents Be Reviewed
Summary of Benefits of Various Estate Planning Arrangements
Types of Wills and Trusts
The Importance Of Beneficiary Designations
Per Capita Vs. Per Stipes
Transfer on Death
Generation Skipping Transfer Tax
Lifetime Gifts (Tax Related)
Should you consider a trust? Wisconsin Wealth Advisors can help you understand whether opening a trust account is right for your personal life journey. Here are some resources to get you started.
Click on the PDF for more information:
Types of Wills and Trusts
Types of Trusts and Their Tax Treatment
Irrevocable Life Insurance Trusts for Married Couples
Revocable Living Trusts
Funding Your Revocable Living Trust
How a Special Needs Trust Works
Special Needs Trust
Many people wish to give portions of their income to charitable organizations. If you are thinking about charitable giving in your life, you might have some questions. Below are some resources we’ve gathered to help educate you on your options.
Please click on the PDFs below for more information:
Considering a Charitable Gift
How a Charitable Gift Annuity Works
How a Charitable Lead Annuity Trust Works
How a Charitable Lead Unitrust Works
How a Charitable Remainder Annuity Trust Works
How a Charitable Remainder Unitrust Works
Life Insurance Charitable Plan
Taxation of a Charitable Gift Annuity
Charitable Giving Techniques
Charitable Gift Annuity
Asset Replacement Trust
Charitable Lead Annuity Trust
Charitable Lead Unitrust
Charitable Remainder Annuity Trust
Charitable Remainder Trust Numerical Tests
Charitable Remainder Unitrust
Not necessarily. It really depends if you think you’d be comfortable working remotely with your financial advisor. We certainly are not strangers to the idea, since we have clients in many states across the country.
For Madison area clients, we have two convenient locations for meeting your WWA advisor, Sun Prairie and our Madison west side office. Our Madison West office is not staffed and is for scheduled client meetings.
If you are struggling to keep up with monthly debt payments, such as your mortgage, car loan, or credit cards, then you probably need to seek a debt counselor, not a financial adviser.
First and foremost, we want clients to know that everyone in our firm is trustworthy and will always act in their best interest. Being a fiduciary advisory firm, we believe we can give clients a high degree of confidence and comfort from the service and advice we give. By personal, we mean caring, highly trained & enthusiastic team members answering our phones instead of machines. Your needs and requests can be handled promptly & efficiently by a staff that prides itself on personal service and always going the extra mile. We consistently strive to go beyond our client’s expectations. Our greatest reward is our client’s peace of mind.
Lastly, our business is not just about helping clients manage or grow their investments. It’s about having fun working together and living a life “on purpose” or by design. An entirely mutually rewarding and fulfilling relationship. It’s about showing and guiding clients how to get to or remain where they want to be and considering alternatives for all the “unexpected stuff” that life seems to present along the way.
The bottom line at WWA is that our team focuses on the client’s entire financial situation, assists clients in achieving their goals, attempts to provide unparalleled service, and does it without a bias.
Fiduciary means to hold a confidence or trust. A financial services industry professional who has a fiduciary responsibility to his or her clients must put a client’s needs and interests ahead of his or her own. We here at WWA have been fiduciaries well before the word “fiduciary” became a buzz word and will continue be as long as we are around.
Many independent advisory firms are owned by the individual advisers who run them, so they forge deep, personal relationships and have a strong sense of accountability to their clients.
Some Possible Key Benefits:
- Customized, personal guidance based on your entire financial picture.
- A relationship that’s responsive, attentive, and personal.
- Little to no turnover of advisors or staff. This is one of the main complaints about banks and large national firms that we hear from our clients that used to be with banks and large national firms.
- A fee structure that is simple and transparent.
- We don’t have to earn a bazillion dollars to appease share owners or pay for a professional sports stadium sponsorship.
- Your money is held by an independent custodian, not the advisor firm.
Sometimes life throws us a curve ball that we haven’t expected. Check out our resources below to help you begin to navigate some life stage issues you might be experiencing.
Click on the PDFs below for more information:
If you do not plan on opening new credit anytime soon, consider putting a freeze on your credit reports with each of the main credit bureaus to prevent the unauthorized opening of accounts. They may charge fees for freezing and unfreezing your credit, but it could save you lots of unnecessary headaches and complications down the road. Make sure you write down usernames, passwords and any security questions and keep them in a safe place with your records. Executing a freeze with just one credit bureau will NOT automatically update the others. You can easily unfreeze your credit report when needed. Contact the credit bureaus using this contact information for freezes.
1-800-685-1111 Equifax Security Freeze Website
1-888-397-3742 Experian Security Freeze Website
1-888-909-8872 TransUnion Security Freeze Website
Credit reports should be reviewed annually so add this to your annual to-do calendar. See more information on why this is important in the link here:
In addition, here is another resource of information for you on the topic of review credit reports. Click on the PDF link for more information:
Although tax considerations are a big part all of our analyses and recommendations, and we have a good deal of basic tax knowledge, we do not directly prepare tax returns. We routinely work with our clients’ accountants to ensure a two-way exchange of information, facilitating the accountant’s return preparation and an accurate view of our clients’ tax situation. Within our network of professionals, we can recommend tax preparers to clients who will benefit from this assistance.
Yes. Unlike many firms, we do not have income level or net worth minimums.
We realize that everyone has financial needs. We think there should be an objective resource where people can get answers to their financial questions without having to turn over management of their assets or meet minimum requirements.
We are proud to work with people from all income levels, and all walks of life. There is no better time to get started than today.
Need to know more about life insurance? Below are some resources we’ve gathered to educate you on life insurance.
Click the PDFs below for more information:
Considerations in the Purchase of Life Insurance
General Purposes of Life Insurance
Life Insurance Glossary of Terms
The Need for Responsible Planning
Insurance Company Rating Systems
Types of Life Insurance Policies
Survivorship Life Insurance (Second-to-Die)
Tax-Free Policy Exchanges (IRCSec.1035)
Term Life Insurance
Universal Life Insurance
Using Cash Value Life Insurance
Variable Life Insurance
Whole Life Insurance
Is long-term care insurance right for you and your family? Below are some resources to help educate you on long-term care.
Choosing A Long-Term Care Policy
Long-Term Care Partnership
Long-Term Care Tax Issues
Paying for Long-Term Care
Annuity/Long-Term Care Combination Contracts
Life Insurance/Long-Term Care Combination Policies
***LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.
Below are questionnaires specifically designed to help you work through your MoneyGuidePro® financial plan with your WWA adviser. Click on the PDFs below to access the questionnaire and workbook:
Inflation rate indicates the decrease in the purchasing power of a nation’s currency. Since a decrease in purchasing power has impact on your future living expenses, it’s important to understand how this will affect your need for income in the future. Below are some visual aids that help explain what inflation is, as well as illustrate the reduction of purchasing power since 1967.
Click on the PDFs for more information:
Purchasing a home can be an exciting time in your life! For many people, their home mortgage might be their greatest monthly expense. Here are some resources to educate you on various aspects of home buying and mortgages.
Click on the PDFs below for more information:
If you are nearing retirement and need to take your first required minimum distribution, you might have some questions. Below are some resources to help educate you on taking your required minimum distribution. Click on the PDFs below for more information:
The Basics of Required Minimum Distributions
Required Minimum Distributions
Required Minimum Distributions After Death – Non-Spouse Beneficiaries
Required Minimum Distributions After Death – Spousal Beneficiary
Single Life Table
Uniform Lifetime Table
A MoneyGuidePro® financial plan is a partnership between you and Wisconsin Wealth Advisors. We will set up a meeting where you can bring needed information to initiate your plan. (We will supply you with a list of needed information). Next, we will set up your plan online and input as much data as we can for you. Then we will send you a link so you can add the remaining data necessary to complete the plan. Finally, we will review the data and then meet with you again to discuss the initial findings and formulate a game plan to get you in your confidence zone needs, wants, and wishes.
Learn more about how MoneyGuidePro® can help you on your financial path!
We often work with small business owners and people that are self-employed. If you are the owner of a small business or are self-employed, you have unique needs. We’ve gathered some information that might be helpful.
Click on the PDFs below for some resources to get you started:
The SECURE Act legislation, which stands for “Setting Every Community Up for Retirement Enhancement” was put into effect on December 31, 2019.
The intention of the SECURE Act is to strengthen retirement plan security across the United States. Among other provisions, it offers tax incentives to small businesses to offer retirement plans for it’s workers, allows them to join multiple employer plans, and eliminates the maximum age that people can contribute to their individual retirement accounts.
For more information on whether this legislation might affect you, call one of your trusted WWA advisers. For more general information on the legislation, click on the PDFs below:
Disclaimer: The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by Advisys. Advisys is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided is subject to change, for general information, and should not be considered a solicitation for the purchase or sale of any security.
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