Financial Planning for Every Generation with Brookstone

What’s important to you may not hold the same value for your parents or your children. The same is true for financial goals since your lifestyle, income, and family structure can all change dramatically as you age.

At Brookstone Wealth Management, we believe that your financial plan should fit your lifestyle – not the other way around. So, we’ve created a planning process that adapts to your individual situation to help you remain financially healthy through all phases of your life.

We Help the Silent Generation Maximize Income

Most members of the Silent Generation are retired and living off a combination of investments and Social Security. As such, their goals tend to favor maximizing investment income, protecting their nest egg, and managing government benefits. Additionally, estate and long-term care planning have become serious considerations for members of this generation.

We help our clients of the Silent Generation achieve these goals in a variety of ways. Some of them include:

• choosing investments that favor income and safety.
• budgeting and cash flow management activities to provide the best chance at life-long income.
• management of Social Security and Medicare benefits so they can get the most from the government programs they paid into for so long.
• estate and philanthropic planning to ensure assets pass to their intended recipients while minimizing estate tax liability for heirs.
• executing a long-term care funding strategy when needed to minimize the financial burden on family members.

With our help, the Silent Generation can optimize various aspects of their financial plan from retirement income to estate planning.

We Help Baby Boomers Transition to Retirement

For Baby Boomers, the transition to retirement is often the most significant financial hurdle they are facing. This change requires considerable shifts in their mindset and financial plan. Fortunately, we are there for our clients of this generation to help with the financial aspects of the transition.

Some of the ways we help Baby Boomers transition to retirement include:

• shifting assets from a growth investment plan to one that provides the income they will need to fund their lifestyle.
• helping make big decisions like whether to pay off debt before retirement.
• establishing a long-term care plan to protect retirement income and the assets set aside for heirs.
• making a Social Security plan and coordinating when to begin benefits between spouses.
• signing up for Medicare and choosing a supplement plan.

In these ways, we simplify the transition to retirement and help Baby Boomers approach their golden years with confidence.

We Help Generation X Navigate Life’s Milestones

Our Gen X clients have a lot of competing financial responsibilities to manage. Some are becoming empty nesters, others are supporting aging parents, and, of course, most are focused on shoring up their retirement plan before it’s too late.

A few of the ways we help Gen X clients are:

• implementing catch-up retirement savings strategies to maximize tax advantages.
• balancing increasing investment safety needs with the desire for growth.
• devising strategies to pay for children’s college or other educational goals.
• managing debt and taxes to create the best chance for future retirement success.
• creating a wholistic financial plan that prioritizes differing objectives.

With our help, Gen X clients can balance their competing needs and reduce their financial stress.

We Help Millennials Optimize Their Finances

Most of our Millennial clients are hard at work building careers and saving for their future. They have busy lives and little time to devote to financial planning. Fortunately, we are here to help with the most important financial decisions they face.

Some of the ways we help Millennials include:

• managing competing objectives like paying student loans and saving.
• helping with big transitions like buying a house, marriage, and kids.
• choosing investments designed to grow their savings.
• evaluating insurance needs, including life insurance, to ensure their family is protected.

Our tools and personalized approach help Millennials stay on the path to financial success while managing some of life’s biggest transitions.

We Help Generation Z Build Good Money Habits

Gen Z clients provide a unique opportunity to help at the beginning of the financial planning process and build good habits that will serve them for decades to come. We focus on foundational financial decisions that will set them up for a lifetime of success.

A few of the ways we help Gen Z clients include:

• education surrounding budgeting and good money habits.
• setting up retirement and savings accounts including employer sponsored plans.
• choosing investments that are intended to provide growth opportunities.

In these ways, we help Gen Z build good money habits and a plan that will serve them throughout their lives.

While financial objectives differ for each generation, the need for a trustworthy financial partner remains the same. Our team provides this partnership as well as ongoing coaching, teaching, and mentoring to help our clients achieve financial success.

Get Started with A Financial Plan That Focuses on Your Unique Goals

If your goals don’t align perfectly with the typical needs of your generation – that’s fine! At Brookstone, we look at each client as an individual with unique goals and needs. Then, we build your Financial Fingerprint® – a comprehensive wealth management plan.

Financial Fingerprint® brings together the most important aspects of your financial picture. It is also simple to understand and easy to update as your financial priorities change. To learn more about Financial Fingerprint® and how it can work for you, contact a member of our team today.