Why Towson Wealth Management?

Here at Towson Wealth Management, we are passionate about helping our clients devise strategies to help ensure financial independence and a comfortable retirement. Our main objective is to learn about your personal goals and dreams, and then create a customized financial plan that’s designed to make those dreams a reality.

We specialize in working with people who are nearing or already in retirement. These individuals’ goals and strategies are very different from the goals and strategies of individuals who are actively saving for retirement. Those nearing or in retirement should be focused on income generation and risk management strategies in order to help ensure that they don’t outlive their retirement savings.

In working together, we will help you dig deeper to understand what’s truly important about money to you. Then we will help you set goals based on this question, and devise a customized financial plan and investment strategy that’s designed to help you reach these goals.

In our experience, some individuals lump all of a family’s wealth into a single portfolio, with a single investment strategy and level of risk tolerance, that’s based on achieving multiple goals. But why take the time to identify multiple goals if you’re not going to devise different strategies for meeting them?

Instead, we structure your overall asset allocation* around all of your goals, with the overall objective of managing your assets so they last you the rest of your lifetime. In the process, we will help you achieve financial balance in your life. For example, some people are naturally inclined to spend money, while others are naturally inclined to save. Neither extreme is necessarily good, so we will help you find the right “spend vs. save” balance that is in line with your overall goals so you can achieve what is truly important in your life.

Our Comprehensive 5 Step Financial Planning Process lies at the heart of everything we do. Through this process, we will create a customized financial plan that forms the foundation of all the financial decisions you will make during the critical pre-retirement and early-retirement stages of your life.

*Asset allocation does not protect against loss of principal due to market fluctuations. It is a method used to help manage investment risk.

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