Insights for Your Journey
You’ve dreamed big, planned carefully, invested well, and you’re ready to enjoy life in retirement! Then the looming questions come, putting a damper on your enthusiasm: what about healthcare? How much will insurance cost? What about unexpected hospital stays? What if...
President Biden signed the Inflation Reduction Act of 2022 into law on August 16 and includes notable changes to corporate taxes, Medicare prescription drug prices, and tax credits for clean energy and electric vehicles. Forbes notes that, because many of the...
Donor Advised Funds can increase gifts to your favorite charity and reduce taxes all without it costing anything more!
What’s your number? The amount you need in your nest egg to retire? Here’s how to find out!
The headlines have recently been full of news about inflation, high interest rates, the risk of inflation…all causing big swings in the market. If you’re retired, volatility is concerning, but chances are you’re a moderate investor generally shielded from the full...
If you have a lump sum of money sitting in the bank, you might find yourself caught between two fears: What if I invest now and the market goes down? What if I wait too long and I miss out on all that growth I could have had? This is a common situation to find...
A replay of our August 2, 2022 discussion of how today’s biggest market and economic themes affect your investment strategies.
In June, the Consumer Price Index report showed that inflation rose 9.1% in the last year, a level not seen in more than 40 years. Inflation has been the dominant economic theme of 2022, holding its high level for longer than many economists expected. In response, the...
The first two quarters of 2022 marked the worst start for the stock market since 1970. Stocks entered bear market territory, defined as a decline of 20% or more. The headwinds of inflation, interest rates, and war in Ukraine have injected a big dose of what the market...
When the market is up, terms like bull market and economic expansion pass by without concern. But when the market turns down, terms like correction, bear market and recession add confusion to uncertainty and increase anxiety. But, what do these terms actually mean?
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.