SEASONS OF LIFE:

At Canopy, we have extensive experience successfully
navigating clients through all seasons of their lives.

We invest for clients’ children in custodial accounts or 529 college funds. Custodial accounts have the advantage of being in the child’s lower tax bracket, but the child does have access to their funds when they get to be 21 years old and can use it for whatever they would like then. The investment choices are unlimited in custodial accounts, so better returns can be achieved with these.
529 college funds receive a state tax deduction for the deposits, but the funds can only be used for education for the family without penalties. The investment choices are limited in these plans.
The investments for these can be aggressive if the child has plenty of time before the money will be needed for college or living expenses. We have had tremendous success with long-term investments for college funds.

As adults begin their lives after college, they are faced with new financial challenges, be they finding a job, purchasing a house, starting a business, or starting a family. At Veridos, we have extensive experience in helping people in each of these areas. We have contacts that can help people find jobs, purchase and finance a new house or business (as we have started small businesses ourselves), and have financial professionals that can structure your business for your protection and also for tax savings. We have families and have experience setting up household budgets, structuring investments, and planning for retirement.
The investments for this stage can also be aggressive, as they have plenty of time before the money will be needed for their kids’ college and for retirement. We have had tremendous success with long-term investments for retirement.

As clients get into their 50s, they often begin to think about retirement. Their kids may be through college now, allowing clients to put more money into their own retirement. Often job and house changing opportunities may occur during this time, and we can provide guidance on those.
The investments for this stage should become more conservative, as they have less time before the money will be needed for their kids’ college and for retirement. We have had tremendous success with conservative investments for retirement.

As clients move into retirement, they face additional challenges, such as purchasing health insurance, navigating through Medicare and Social Security, and living off their investments instead of a paycheck. In addition to financial challenges, there are also psychological challenges, such as both spouses being at home and being used to receiving a paycheck.
We have extensive experience guiding clients through this challenging period.
The investments for this stage should become even more conservative, as interest income may be required for their living expenses and large drops in investment principal cannot be accepted. We have also had tremendous success with conservative investments for retirement, stretching their money out throughout their lifespan and preparing to pass the assets onto the next generation with the lowest tax hit.