What Steps Can I Take to Future-Proof My Wealth? Our Guide

We all want to believe we’ve done enough. That the nest egg we’ve built, the accounts we’ve managed, and the plans we’ve drafted will be enough to carry us through retirement and beyond. But here’s the truth: building wealth is one thing. Future-proofing your wealth throughout life is another.

The future doesn’t arrive all at once. It comes in waves—market shifts, health changes, tax law updates, unexpected life events, and so on. And the question isn’t whether change is coming, it’s: how prepared are you to meet it head-on?

LaTour Asset Management of Springfield believes future-proofing your wealth is about more than protecting assets. It’s about maintaining flexibility, confidence, and control—no matter what the next decade throws at you. Here’s how to get started.

1. Build a Dynamic, Not Static, Financial Plan

Your plan shouldn’t live in a drawer. It should live with you—updated regularly to reflect your current goals, market conditions, and life circumstances. At LaTour Asset Management of Springfield, we guide clients through a structured five-step system that includes:

1. Clear visibility into risk exposure.
2. Personalized income mapping.
3. Strategic use of tools like IRAs and Roth conversions.
4. A full integration of legacy and tax strategies.
5. Ongoing adjustments as your life—and the world—evolves.

Above all, a future-proof plan must be actively managed with purpose and precision.

2. Use Tax Laws to Your Advantage—Before They Change

What feels like a good tax strategy today may not serve you as well tomorrow. As legislation shifts, so should your approach. Start thinking proactively, asking questions like:

• Could a Roth conversion make sense now while tax rates remain historically low?
• Should you spread your retirement income across tax-deferred, tax-free, and taxable accounts to create flexibility?
• Are you at risk of Social Security or Medicare surcharges as your income grows?

Tax planning is one of the most overlooked areas of retirement, but it is also one of the most powerful tools you have. And for many clients here in Springfield, it’s the difference between coasting and optimizing.

3. Protect What You’ve Built From the Unexpected

Risk isn’t just about market dips. Consider these safeguards:

• A well-structured income plan that doesn’t rely too heavily on market performance.
• Thoughtful long-term care planning that doesn’t drain your savings.
• Proper beneficiary designations and estate documents that avoid probate delays and tax traps.

4. Align Your Investment Strategy With Real Life

Your investment plan should do more than perform—it should reflect your retirement lifestyle and your risk tolerance, not just your age. We ask the important questions like:

• Are you investing for growth, income, or both?
• Do your investments match the timeline of your withdrawals?
• How will you adjust if inflation stays elevated or markets stay volatile?

For many Springfield retirees, the goal isn’t beating the market. It’s supporting the life they’ve worked so hard to build, without fear of running out too soon.

5. Don’t Delay Legacy Planning

You don’t need to be “done” with retirement to start thinking about your legacy. In fact, planning ahead gives you confidence that your values—not just your assets—are passed on with clarity. Future-proofing your wealth includes:

• Creating a clear, efficient estate transfer plan.
• Minimizing taxes for your heirs.
• Defining what you want your wealth to do—for your family, your community, or causes you care about.

This part of the planning process often brings as much peace of mind as anything else—and it helps your hard work continue to have purpose long after you’re gone.

Let’s Secure the Future You’re Working Toward

No one can predict the future—but you can (and should) prepare for it. Whether you’re still building your retirement strategy or refining the one you’ve already started, future-proofing your wealth is a long-term commitment that starts with smart steps today.

If you’re in Springfield or the surrounding area, reach out to LaTour Asset Management to begin the conversation. We’ll help you align your plan with your goals—so you’re ready not just for retirement, but for whatever comes next. Call us at (877) 888-5724. We’ll help you build a strategy that stands the test of time.