For Michigan Retirees
Principium is proud to serve the retirees of Michigan and our services are centered around the core financial needs for every stage of the retirement process. "Tactical" is more than just a word in our name - it's who we are. At Principium, we begin each case by assessing the client's end goal and building a blueprint off of it. We guide our clients through a step by step process so that, together, we can make the best financial decisions based on those goals.
From managing investments to planning healthcare, we use cutting edge proprietary tools to mathematically determine the most cost-effective and lowest-risk strategies. No matter the size of the case, we are sensitive to the fact that every penny spent during retirement has to be carefully planned.
One of the most crucial aspects of our process is education. This is a core value that is overlooked by many financial institutions for the sake of misleading clients. However, we take pride in sharing our knowledge and helping our clients fully understand what they own and how to properly utilize it.
The process you can expect as a Principium client:
1. Vision Meeting - Get to know each other. Focus on your goals, desires, and realistic outcomes for your retirement.
2. Score & Portfolio - Assess your current standing, where your risks lie, and how we should revise it for a better fit.
3. Blueprint & Crash Test - Formulate a plan of action and test it against the worst-case market scenarios and costly life events.
4. Implement - Initiate the new plan to begin your path to a retirement of successful wealth preservation.
5. Monitor - Consistently supervising and communicating our progress, making changes if necessary.
For Professional Athletes
While Principium has made a mission of providing Michigan retirees with top-level strategic guidance, we continue to work diligently with men and women who play professional sports for a living and require a highly strategic plan for tax efficiency and long-term income.
This arena demands a key element be included in portfolio management: A strict and unwavering commitment to particular financial certainties, notably tax-free income streams available later in life. While the world’s corporate executive may still be able to rely on pension plans and career longevity, many athletes are well compensated for their talent and the inherent risk they undertake but are paid lump sums in early years with no promise of income that extends beyond 30.
There is a delicate balance that MUST be struck between spending now and structuring for income later. While many athletes are able to leverage their notoriety into other business ventures, the stark reality is that bankruptcy and financial ruin affect more than half of all professional athletes. Advisors employing aggressive investment plans and offering private-equity and placement can certainly bolster current wealth, but there is a missing element that allows for long-term tax-free income and a sustainable paycheck in later years.
Over the years, Principium and its affiliate partners have been pleased to work with those in Major League Baseball, the National Football League, PGA Tour, and many others. Our relationships are long-standing and special to us.