FINANCES IN TRANSITION

Life’s circumstances are constantly shifting. Things happen that may change one’s sense of financial well-being and their financial plan can be, at the very least, a bit uncomfortable. For some, it can be downright terrifying as they see their life changing. A separation or divorce, loss of a loved one, or entering retirement, can bring about a new and different look at how we see the world. White Oaks has worked with many individuals through these, and other, life changing circumstances.

While money is material, it has a serious impact on our emotions and how a person deals with decisions that may impact one’s life and the lives of others going forward. White Oaks understands the implications on you long-term financial planning strategy. The notion that money is being taken out of a portfolio rather than being put in is a dramatic shift. It can be even more unsettling for a person losing their spouse, life partner or family member through divorce or death. Another life changing situation for some may be receiving an inheritance. All kinds of emotions can, and do, surface.

White Oaks has an experienced team to assure that the sound, practical solution is there to pave a wonderful life forward. As a trusted advisor to clients who have experienced many of these events, White Oaks has the skills, temperament and pragmatic, high probability strategies to deal with these and other life changing events to impact real people with real life situations. Based in offices in Minneapolis, MN and Longboat Key, FL White Oaks serves clients throughout the nation.

Financial Independence

Financial Independence

For pre/post retirees

Education Planning

Education Planning

For funding upcoming education

Investment Management

Investment Management

For pre/post retirees

Estate Planning

Estate Planning

For changing lifestyles

Tax Planning

Tax Planning

For finances in transition 

Risk Management

Risk Management

For setting a new risk profile 

Case Study: Remarriage and Beneficiary Designations

Craig and Bethany were two executives for public companies who had just celebrated their 5th wedding anniversary.

They’d married each other later in life, and loved to tell their story of how a delayed flight led to a conversation at the gate and to an instant connection. The couple eventually married and held a destination wedding in the city they had both been heading to when they met at the O’Hare airport.

After celebrating their fifth year together, and discussing plans for the future over a celebratory bottle of wine, Craig and Bethany contacted White Oaks to develop a new financial planning strategy for their family. They both had reached a comfortable net worth through their saving/investing efforts and the intelligent exercise of employer-granted stock options.

We began developing an investment plan to improve the safety of their portfolios, including strategies to minimize tax impacts of remaining options and updates to their existing estate plan. During this process, it was determined that no additional life insurance was needed. The current policies were of significant size, more than adequate for their current needs, and had been in force of a number of years.

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Case Study: Business Lending Options

Dan, a long-term client, had built a business, sold it, and retired in Florida near the coast. 

He loved the near-constant sun and abundance of golf courses. His partner always pointed out the combination of Dan’s favorite things in Florida culminated as an ever-present golf tan. But after a couple years of club swinging and “easy living”, Dan found himself longing to get back in the business game. Dan began researching his options and decided that he wanted to build and operate a greenhouse, because it reminded him of the florist shop his mom had worked in when he was a teenager. He found an ideal location, equipment, and developed a business plan. All that was left were financing options for the project. Dan reached out White Oaks for help…

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White Paper: Know What You Don't Know

By Robert Klosterman, Founder & Advisor

I’ve always found the statement “you need to know what you don’t know” an odd set of words to put together. If I knew what I don’t know, life would ultimately be pretty simple. At the same time, it is the clearest indicator one needs to ask for and/or accept help. For some, help is the hardest thing to ask for. We all like to think we are pretty smart and can offer the answer rather than seek it. Yet, the smartest person in the room is the one most likely to listen and seek counsel.

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White Paper: The Investor's Conundrum

By Robert Klosterman, Founder & Advisor

When people think of investing, they often are focused on the rate of return or performance of a particular investment idea or strategy. Unfortunately investors are easily misled when focusing on the return earned over a period of time, since it is only one factor in the reason to forego spending money currently to consume it at a later date.

While it is intuitive that the more money you earn the more you can consume later, it too often misses the point of the reason that we save and invest.

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White Paper: Time for a New/Old Tool

By Robert Klosterman, Founder & Advisor

In a recent white paper, “The Investor’s Conundrum”, the case was made that volatility matters more in many cases than the returns for real people using their portfolios to meet current and expected future needs. Of course, that is not true for everyone-Bill Gates and Warren Buffet do not have a concern about volatility as their portfolios can have a deep downdraft, and they will still have ample funds to meet and maintain their lifestyles. Yet, for most, volatility is a critical factor to avoid if possible…

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