Risk Management
Don’t let a tragedy devastate your family’s financial future.
The most important asset you have is yourself. Your ability to earn an income is crucial for your family’s well-being. If you were to pass away would they be taken care of? Does your spouse, significant other, or child have enough in reserve to not only take care of what they’re going to miss from a current asset perspective, but more importantly from a future earning potential? Talk with an advisor today, so we can analyze your current portfolio and work on protecting your loved ones.
Safeguarding Your Wealth From the Unthinkable
Which insurance do I need?
Life insurance is the foundation block to make sure your family is protected so that untimely death doesn’t ruin your financial plan. The biggest advantage of life insurance is that the death benefit is a tax-free payout. The fact that life insurance pays tax-free is particularly important from the perspective of an estate plan. Imagine you pass away and your family is hit with an immediate burial cost. Would you rather them have to liquidate an asset from your estate, which is immediately taxable, or get an immediate tax-free payout from a life insurance policy? In addition to a core life insurance policy, we sit down with our clients and figure out exactly what assets they want to protect. These assets could include any loans and debt your family might have or educational expenses like wanting to protect your children’s college funding.
What sets our advisors apart from the rest?
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In this day and age truly anyone can buy a mutual fund, but what sets Croker Group apart is our advisors are fiduciaries, which means we have to do what's in your best interests at all times. We have a unified vision with our customers. With our fee-based models through Lincoln Investment, as your account grows, we grow with you. Some other advisors may operate under a suitability model, where they might get paid an upfront commission and future service may suffer. Which model would you prefer?
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Our advisors use complicated computer algorithmic software to generate millions of scenarios in the market to produce the probability of our goal-based plan being successful. These simulations give us an idea of which levers we have to pull to get you to your goal. The levers may include saving more, spending less, investing more aggressively, or investing in different places.
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Our advisors build customized portfolios depending on where you live. If you're in Omaha, Nebraska, we can build you a bond ladder with Omaha Municipal Bonds. If you're in Iowa, we can build you a Des Moines municipal bond ladder. These are examples of what we can do for our clients. We have clients where we develop a personalized plan, with strategic investments, not cookie-cutter portfolios that are not unique to your goals. Our goal as advisors when building our clients’ portfolios, is to sit down and learn about you, your family, your goals, the timeline of the goals, and what we can both do to help you achieve those goals.
How we leverage your risk
Our most fundamental practice at Croker Group Wealth Management is our ability to leverage your short-term risk to help achieve your long-term goals. When we talk about short-term risks, we’re talking about the commodities you must have in life like home insurance, auto insurance, and life insurance. We analyze these products and ask questions like, do we have the proper liability coverages? Do we have the proper face amounts? Are these products funneling money away in certain areas? We review the products you must have to put you in a position to either save money or be better protected for the money you are spending. Our advisors then work to leverage these leftover savings into other investment products like an IRA, Roth IRA, or another piece of your long-term financial plan. We put you in a position to help you succeed, whether that’s with our firm or another firm. We always have you and your family’s best interests in mind.
Talk with one of our advisors about your goals
Everyone has their own goals and ambitions in life. Some people have a goal to travel every year or own a beach house one day. Others have goals to pay for a grandchild’s college tuition or to leave their family as much money as tax-efficiently possible. Whatever your goals, we have a systematic plan to strategically help you get there. Talk with one of our financial advisors today!
