Financial Management Services
When it comes to financial matters, it is easy to see where you want
to go. It is much harder figuring out how to get there. Whether you
want to save for retirement, investing for the future, funding a college
education or reaching any of the other financial goals you have established
for you and your family, the staff at GenGen Corporation can help you
identify where you want to go and show you how to get there.
We provide expertise in the areas with the biggest impact on your financial situation, and develop plans and strategies to help you succeed.
The areas we primarily focus on are:
Current Financial Position
The first step involves getting a snapshot of where things are today, including assets, liabilities, net worth and cash flow.
Understanding your current financial situation is one of the most important aspects of doing financial planning. Your current assets, liabilities, liquidity and cash flow will affect almost every other short or long-term goal that you have.
Many people don’t realize the long-term impact of the financial decisions they make on a day-to-day basis. Your financial needs in the event of a death or disability will be closely related to your current situation, and areas such as income tax liability, asset allocation, estate tax liability, ownership status of assets, and control of assets are all inter-related.
Protection Planning
Financially protecting yourself and your family from death, disability, accident and illness. Protecting your family from major financial risks is one of the cornerstones of any sound financial program. Life insurance, disability insurance, health coverage and long-term care insurance should all be evaluated to help minimize your exposure to financial risk.
By working with a knowledgeable Financial Advisor, you can develop a comprehensive approach to assessing your need for additional coverage.
Investment Planning
Strategies to help you retain assets and minimize payment of unnecessary taxes.
Managing risk in your investments
Successful investing is based on managing risk — understanding what risk means and using it to your advantage.
Risk refers to the chance that an investment's value or return will be lower than expected. Investments with potential for greater loss are viewed as riskier than those with a lesser chance of loss.
However, the risks associated with investments differ in the long-term compared to the short-term. In the long-term, so-called "risky" investments may offer a greater chance of reaching a financial objective.
Risk Levels
For example, a government bond that guarantees a return of principal and $100 interest after 30 days is risk-free in the short term, since the return will always be $100 regardless of events in the financial markets, if held to maturity. In contrast, common stock may have the potential of earning as much as $200 and as little as $0 and offer no protection of principal.
In the long-term, the picture changes. Based on historical stock performance, risk faced by stocks declines over the long-term. The risk faced by government bonds increases, however, since their long-term returns they offer are frequently outperformed by other types of investments and may not always keep up with inflation and taxes.
The risk and return of any one investment should be viewed in relation to your total investment portfolio — the combination of investments you’re making. If you hold just one or two accounts, you are more exposed to risk than if your money is more widely diversified. Diversification means investing in instruments which behave differently during a given economic situation or time period.
A Financial Advisor can help you determine an appropriate level of risk and diversification for your financial goals, based on your profile and time requirements.
Retirement Planning
Creating accumulation and income strategies that help you achieve a financially secure retirement.
Today, people are increasingly aware that there are a great number of ways to invest money and enjoy a good return. They want to choose from a full spectrum of investment products, including those that have commonly been offered by brokerage firms. If you are seeking a firm that will understand your concerns, the staff at GenGen Corporation can help.
We offer financial investment services that can help guide you through the sometimes bewildering array of investment services available in today’s market.
Estate Planning
For preserving and distributing assets to heirs in a way that fits your goals and desires, while minimizing estate taxes, probate expenses and estate administrative costs.
Our financial planning services include but is not limited or inclusive of the following:
- IRA’s (Traditional, Roth, Education)
- Mutual Funds
- Tax Deferred Fixed and Variable Annuities
- Unit Investment Trusts
- Fee Based Managed Accounts
- Life Insurance
