Planning for adversity and striving for the best in Wealth with HCR Wealth Advisors


HCR WEALTH ADVISORHCR Wealth Advisors is a financial company that was founded in 1988.   They seek to provide an express vision of financial and investment strategies for each of their clients so that they can watch their wealth grow.   Unlike many companies in the industry, they have an acute understanding that no one can avoid personal tragedy, trouble with employment, or any number of financial woes.   They take great pains to help people, by making them aware of how to deal with potential, and often predictable, problems that might occur.   By anticipating these adversities, HCR Wealth Advisors can help ensure that they can be handled financially in the best possible way to optimize the future. HCR Wealth Advisors do this by developing and putting in place dedicated strategies to help create the best financial future.   They do this by addressing the possibilities in all forms and creating contingency plans to minimize any hits to the client’s portfolio.   They watch the tax laws carefully and review the portfolios often to take into account changes that may need to be taken.

They create a two-pronged approach to wealth by creating a positive impact on the cause or charity of choice, as well as help to alleviate the tax impact.   These choices become a carefully crafted end of year plan to transform your giving and savings

For example, donations of appreciated stock are limited to 30% of their adjusted gross income (AGI).   Something that you must be aware of when considering donation of stock. By donating a highly appreciated stock to the charity of choice, it removes the entire tax liability, which can make life easier.    As HCR explains “3.8% Medicare tax on investment income, you could be on the hook for a 23.8% federal capital gains tax plus a state capital gains tax on the proceeds from the sale of your stock should you choose to sell it and donate the cash proceeds.”   Careful strategy and planning can help you use the right stock to lower your liabilities. 

This article is provided for informational purposes only and should not be interpreted as investment advice.

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