Insights for Your Journey
With titles like financial advisor, financial planner, wealth advisor, strategic wealth partner, just to name a few, the financial planning industry can be confusing for clients. And, on top of these, there’s an entire alphabet soup of designations advisors can earn....
Retirement planning, saving for your child’s education, finding the best way to own your dream home, leaving a legacy...these things all require planning. But knowing that you need plan for these things and finding someone you can trust to guide you down this path are...
Headlines, social media, internet ads, 24 hour news - everything seems determined to remind us that there's a presidential election coming. And most aren’t content to state facts and call it a day (this won’t earn them enough ad dollars). Instead, they’ll spin the...
Not making a move may not always be the best move to make.
A windfall from a loved one can be both rewarding and complicated.
That may be unlikely, but the program does face financial challenges.
If you own a traditional IRA or other pre-tax retirement account, you're likely aware that Required Minimum Distributions (RMDs) start once you reach age 72...whether you need them or not. But did you know that your RMD can be taken in the form of a Qualified...
Many people save and invest vaguely for the future. They know they need to accumulate money for retirement, but when it comes to how much they will need or how they will do it, they are not quite sure. They will “wing it,” hope for the best, and see how it goes. How...
Living in the Pacific Northwest, you’ve almost certainly done a bit of climbing or hiking. If so, you learn quickly that ascending the mountain takes a different approach than descending the mountain. Skills required, muscles used and awareness needed all change when...
In over a decade of helping families and business owners plan for their financial futures, I've found that, deep down, people love people. It may look and sound different from person to person, but it’s there. Compassion for hungry families, care for children in need,...
John and Cindy have paddled Lake Chelan together for 35 summers. They have three successful children and are raising a pup they call “a Jack Russell terrorist.” John was referred to Alterra Advisors by a son who simply said, “You can trust these guys.”
Originally, John’s son, one of 11 partners in a downtown law firm, had come to Alterra with a few complex challenges. We earned his loyalty after guiding them to strategies that reward their key executives and simultaneously enable the retirement of three founding partners. His business thrived and, as a result, he was anxious to refer his parents when they neared retirement.
John and Cindy’s goal was more focused – create a legacy for their children and charities. In John’s words: “Grow and preserve our wealth, keep me informed, and talk to me face-to-face.” That’s just what we do. Cindy now says we’re like part of the family.
Lisa and David are partners in every sense. They were married in dental school and launched their own practice after graduating. In addition to running a business, they somehow managed to be full-time parents, active charity volunteers and still get the kids to piano lessons on time. Now they have a thriving practice, but it came with a significant cost as they tried to balance debt and growth.
Lisa was referred by her mentor who built a practice and his retirement plans with Alterra’s help. By the time their third child had lost her baby teeth, Lisa was convinced Alterra Advisors could help turn the corner to wealth accumulation. She found we had their best interest at heart, offered innovative financial ideas, easy-to-follow advice, and tax strategies that were game changers, both for their practice and their future goals.
Robert and Maria have successful careers. They have done very well for themselves. She is an HR director and he is an electrical engineer. They have two college-bound children, and the eldest son is already a proud Husky, just like his dad. Maria was anxious to plan the next stage of their lives. In her words, “We simply wanted to do all the things we’ve put off for years.”
A consummate planner, Maria saw to it that they saved for education and retirement. But, she wanted a guide to help protect their nest egg, and clear confusions about how taxes affect their retirement distributions. And she needed a guide for the complicated considerations of tax-differed distributions. She interviewed several wealth managers and settled on Alterra Advisors “because they were different.” According to her, Alterra was the only firm that met her three basic requirements: Don’t try to impress me with “investment speak.” Don’t have pre-determined solutions. And, ask about my goals first. We always do.
Debbie was 63 when Bill passed away. That was five years ago, and Bill had already retired as a senior executive from an iconic Seattle-based company. Debbie’s elderly mother also needed regular care, which fell on Debbie’s shoulders. She was happy to help but wanted to be sure she had sufficient income for her own life. Fortunately for Debbie, she and Bill did a great job accumulating assets to prepare them.
Debbie came to Alterra Advisors looking for a way to give generously to the charity they both served for over 30 years without worry of outliving her money. Our plan showed her that she could meet her personal needs while having a greater impact on her favorite charity than she thought possible. We’ve since had the privilege of helping her many like-minded friends make a similar impact.
We make a living by what we get, but we make a life by what we give.
— Winston Churchill
People acting together as a group can accomplish things which no individual acting alone could ever hope to bring about.
—Franklin D. Roosevelt
Wealth is the ability to fully experience life.
—Henry David Thoreau
The greatest wealth is to live content.
It is not how much we have, but how much we enjoy, that makes happiness.