By D’Angelis Wealth Management
For families, financial freedom doesn’t mean just accumulating wealth. It’s an ongoing, active process that requires thoughtful financial planning. Modern families have more opportunities for generating wealth than ever before; however, those chances come with risks and challenges that must be resolved.
The more structured your family’s approach to financial planning, the more likely you are to overcome those challenges. You can build your family’s resources, meet financial goals, and sustain generational wealth far into the future. Here are some thoughts about how your family can approach financial planning.
Preserving Traditional Wealth With Modern Approaches
Many financially independent families carry on with inherited wealth that is passed down through multiple generations. Even though their financial resources have been in place for decades, preserving traditional wealth requires more contemporary tools and approaches.
Modern financial planning involves a wide range of diversified strategies. It incorporates life and health insurance plans to stay financially stable. Estate planning is a way to further your legacy and empower future generations. Making tax-advantaged investments can generate consistent wealth while limiting your family’s fiscal liability.
Families have several financial tools to work with. Trusts let families manage assets while reducing estate taxes and being shielded from creditors. Life insurance keeps your loved ones safe in the wake of personal losses. IRAs, 401(k) plans, and annuities offer structured, long-term savings and tax-deferred growth.
Even with all of those plans in place, some challenges remain. Modern financial planning for families includes dealing with adverse economic conditions like inflation, tax code changes, and regulatory updates. That’s why it’s important to leverage the latest financial and technological resources to preserve your family’s assets.
Recognizing and Deterring High Financial Risks
Financial uncertainty is a fact of life. Risks evolve and threats are more sophisticated. Part of your family’s ultimate financial planning requires attention and defense against financial risks from both economic conditions and bad actors.
The market has been especially turbulent in recent months. Short-term fluctuations are typical, but it’s vital to guard against loss by diversifying your portfolio and avoiding emotional decision-making. No matter how volatile the investment and financial markets may be, it’s essential to not let temporary instability distort your plan.
Consider taking proactive measures to shield against risk. An emergency fund with six months of living expenses can help you get through unexpected medical expenses, earnings losses, home repairs, and market downturns. Guard against being underinsured by reviewing and updating your life, health, and home policies frequently. A trusted financial advisor can help you navigate and overcome barriers to your financial freedom.
Strengthen Your Family’s Investment Framework
With your goals and legacy in mind, building a financial blueprint can assist your family in enduring and growing wealth through good and bad times. A solid estate plan—covering wills, trusts, and powers of attorney—can seamlessly transfer your assets down through future generations. Staying current on life, disability, and long-term care insurance can help safeguard your wealth in emergencies.
As with all investment strategies, diversification is key in managing risk. It’s salient to balance short-term liquidity with more growth-oriented strategies—a common way investors maintain stability while taking advantage of immediate prospects.
Whatever plans you put in place, envision them being enforced across future generations. Your family should be aware of the basics of preserving wealth and pursuing financial independence. Especially when it comes to financial planning, a reservoir of knowledge goes a long way.
Start Building Your Family’s Financial Legacy Today
The D’Angelis Wealth Management team believes that financial freedom starts with education, clarity, and a well-defined plan tailored to your family’s unique goals. Whether you’re looking to preserve multi-generational wealth, shield against financial risks, or develop an investment strategy that stands the test of time, our team is here to guide you every step of the way.
We treat every client like family—with care, trust, and personalized attention. Our disciplined approach helps you stay focused, make informed decisions, and maintain confidence through changing markets.
Let us help you turn today’s planning into tomorrow’s confidence.
Visit D’Angelis Wealth Management to learn more, or schedule a consultation by calling (201) 839-0370 or emailing michael.dangelis@lpl.com. Your financial future deserves the right strategy and a trusted partner. We’re here for you.
About D’Angelis Wealth Management
D’Angelis Wealth Management is a family-owned, independent financial advisory firm located in Bergen County, New Jersey, just 16 miles from New York City. With over 85 years of combined experience, the firm specializes in comprehensive financial planning for pre-retirees and retirees. D’Angelis Wealth Management offers tailored strategies to help clients balance asset growth with stability as they seek to preserve their wealth while pursuing their ideal financial future.
Founded on the principles of trust, integrity, and personalized service, D’Angelis Wealth Management is committed to treating each client like family. Their mission is to create strong, lasting relationships while guiding clients toward financial clarity and independence. By employing a disciplined and precise advisory process, the firm develops customized financial plans that incorporate downside capture strategies to balance growth and safeguard retirement assets. This step-by-step approach includes understanding clients’ unique goals, crafting tailored solutions, implementing strategies, and continuously monitoring progress.
Leveraging the expansive resources of LPL Financial, D’Angelis Wealth Management provides a full spectrum of services, including financial planning, income planning, asset management, tax strategies, estate planning, and more. Through their family-oriented and accessible service model, they empower clients to preserve wealth, gain financial confidence, and enjoy a stable and fulfilling retirement.
To learn more about D’Angelis Wealth Management, visit their website or call 201-218-9504.