{"id":6526,"date":"2017-06-21T16:34:29","date_gmt":"2017-06-21T20:34:29","guid":{"rendered":"https:\/\/www.zacksim.com\/?p=6526"},"modified":"2022-02-26T13:19:30","modified_gmt":"2022-02-26T13:19:30","slug":"financial-plan-effectively-prepare-long-term","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/financial-plan-effectively-prepare-long-term\/","title":{"rendered":"Does Your Financial Plan Effectively Prepare You for the Long-Term?"},"content":{"rendered":"

Lou S. from Bakersfield, CA asks: Does Zacks Investment Management offer any financial planning services? I\u2019m hoping to use the summer months to get my estate plan in order, taking care of a few things like getting a will and trusts set up, etc…<\/em><\/p>\n

Mitch\u2019s Response: <\/strong>Zacks Investment Management focuses all of our resources on the investment process \u2013 building and managing investment strategies for our clients to reach their long-term financial goals. Though what we do is very closely intertwined with estate and financial planning, we do not offer those kinds of legal or tax services specifically.<\/p>\n

You will find, however, that as you go forward with the process of setting up wills and trusts, you will be tasked with assigning beneficiaries and\/or trustees to your investment and savings accounts<\/em>, which are accounts that should be managed by a professional. That\u2019s where we would come in. It is important to note that the financial planner or company that handles your estate and tax planning does not necessarily have to be the entity that is managing your assets. The two processes (estate planning and investment management) can and should, in my opinion, be handled by two separate entities.<\/p>\n

That being said, there are a few important estate planning items that happen at the investment manager level. The most important of which is assigning beneficiaries. For rollover IRAs, 401(k) plans, IRAs, Roth IRAs, and a few other types of accounts, the beneficiaries you assign to the account actually play a more important role than what is written in your will. In other words, an executor of an estate will distribute your assets to beneficiaries even if your will says something different. So, it is important to review and update the beneficiaries on your investment accounts regularly \u2013 at least once a year I\u2019d say. Zacks Investment Management can review your beneficiaries with you at any time, just give us a call and we\u2019ll walk you through it \u2013 1-888-600-2783.<\/p>\n

Our view is that we here at Zacks Investment Management want to focus on what we\u2019re good at, and pour all of our resources into being the best asset manager<\/em> we can possibly be. We think estate planners should do the same, and that the two processes should be handled by two sets of professionals. That being said, we are happy to work with your estate planner and\/or tax attorney to set up your investment accounts as they see fit. From there, we handle managing and growing the money.<\/p>\n

If you are looking for additional information to help guide your investments, I recommend you read our new strategy report. This briefing cuts to the heart of the matter, how to make the most of a bull market now! It reveals four things every investor should keep in mind nowadays. You’ll see what to look for and what to look out for. To download your complimentary report today, click on the link below:<\/p>\n","protected":false},"excerpt":{"rendered":"

Lou S. from Bakersfield, CA asks: Does Zacks Investment Management offer any financial planning services? I\u2019m hoping to use the […]<\/p>\n","protected":false},"author":1,"featured_media":7436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[66,71],"tags":[],"class_list":["post-6526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mitchs-mailbox","category-private-client-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=6526"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6526\/revisions"}],"predecessor-version":[{"id":11002,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6526\/revisions\/11002"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=6526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=6526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=6526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}