Personal Financial Planning

Most people have clear financial goals, whether it’s having enough money to retire comfortably, saving enough for your children’s education, or passing accumulated wealth to future generations. 

Less clear is how to get there, and you may have questions such as:

• How much risk should I  take to reach those goals?
• Will I have enough money to retire?
• How can I save for my children’s education and save for retirement too?
• Are there ways to minimize taxes on accumulated wealth?
• Should I convert to a Roth IRA?
• What impact does social security have on my tax situation?

These are valid concerns. Financial planning is complicated, and you’re busy enough with everyday life. The good news is that we have answers. As a premier financial services firm, we know what it takes to make sure our clients achieve the financial independence they deserve after a lifetime of hard work.

What we do for you:

• Develop a comprehensive personal financial plan to achieve your goals
• Periodically review your personal financial plan as your life situation changes
• Integrate your financial plan with your tax planning (individual and business)
• Evaluate estate, gift tax, and trust tax strategies to preserve wealth
• Review investment strategies (are you paying too much in fees?)
• Evaluate investment and retirement portfolio risk (more aggressive, less aggressive)
• Help you understand Required Mandatory Distributions (RMDs) from IRAs
• Analyze your current budget versus your retirement budget
• Create a retirement income distribution plan that meets your goals

If you're ready to take the next step, please fill out the contact form below, and one of our financial planning advisors will be in touch soon. It’s that simple.

The key to successful retirement planning is developing a plan that while based on your current financial situation, also meets your projected financial goals down the road.

That's no easy task, however. Tax rules regarding retirement plans are complex. Each benefit plan has specific requirements as outlined by the IRS and it's important to understand the tax implications of your retirement planning choices.

If you've already started saving for retirement, are you confident that you're saving enough to live the comfortable lifestyle you deserve or that you have your money in the right retirement plan for you?

If you haven't started saving for retirement, we'll help you figure out a plan that works for you and your family.

When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience. Here's what we do for you:

• Evaluate your current financial situation, including assets and liabilities.
• Create a budget that meets your retirement goals, including how much you need to contribute to your current retirement plan to meet those goals.
• Review your Social Security account to determine the best time to begin taking your benefits.
• Make sure that you understand how other sources of retirement income affect the retirement planning process.
• Determine whether taking a lump-sum distribution or opting to take monthly payments is better for your particular financial situation.
• 
  

Whether you're already retired, close to it, or just getting started in your career, it’s never too early to start thinking about retirement planning. 

To get started simply fill out the contact form below or give us a call. We're happy to help!

Planning for your family’s financial future is not just for the one percent; it’s important for everyone especially if you have a spouse or children.

The reality, of course, is that most people do procrastinate and never get around to estate planning until it is too late. There are many reasons why this happens. Perhaps you are under the impression that it is too expensive. Maybe you just don’t want to think about death because it’s unpleasant or feel that because you are young and healthy, there’s plenty of time to worry about the future later.

Unfortunately, you could be wrong, and your family could be in for a surprise. Because if there’s no estate plan in place, then state laws dictate how your assets and property are divvied up -- not you or your family.

If you’re ready to start planning for your loved ones’ financial future, you probably have plenty of questions. The good news is that we have answers. We’ve developed relationships with investment advisors, attorneys, and other financial professionals so that we are able to develop a long-term estate plan that meets the individual needs of every client. We also stay current on tax law changes that affect estate planning.

Here’s what else we do for you:

• Allocating assets to spouses, children, trusts, and charities
• Periodic review of estate planning needs as your family situation and finances change
• Gift tax strategies
• Business succession planning
• Trust administration
• Tax planning and preparation including estate, gift, and fiduciary tax returns

If you haven’t developed an estate plan, it’s not too late.

Call our office and schedule a consultation today because you and your loved ones have nothing to lose, but everything to gain.

Do you have an elderly family member who needs help with day-to-day finances such as paying household bills or balancing a checkbook? Are you worried that financial predators might be taking advantage of your elderly parents?

If you answered yes, we are here to help.

As specialists in elder care accounting services, we provide financial services and support for seniors who might need help handling their finances, whether it’s managing assets to maintain wealth or paying household bills on time.

Most adult children are too busy taking care of their own families, are too far away, or simply lack the specialized knowledge needed to be of much help. Even if you have the time and energy to take care of an elderly parent’s day-to-day finances yourself, working with a caring, honest, and knowledgeable professional accounting firm like ours means that you have someone on your team who is looking out for your loved one's best interest while keeping you informed every step of the way.

When you work with an accounting firm specializing in elder care accounting services, you can rest easy knowing that your elderly family member's needs are being met.

Here is what we do for you:

• Income tax preparation
• Household budgeting including unexpected expenses (home repairs, emergency medical expenses)
• Monitor investment, bank, and other financial accounts
• Manage and review day-to-day finances
• Keep track of income and expenses to ensure adequate cash flow
• Prepare financial statements and review them for accuracy and fraud prevention
• Inventory personal assets and investments

We are dedicated to helping your elderly family members maintain their independence and financial freedom.

If you would like more information about our elder care accounting services or would like to schedule a consultation with an elder care accounting specialist, please contact us.

If you have accumulated significant wealth over your lifetime, a wealth management plan is the best way to ensure your assets are invested in such a way as to achieve maximum income growth.

Chances are good that you probably have more wealth than you think. If you’re like most people, you probably participate in a retirement plan through work or self-employment. If you support a family, then you probably have life insurance as well as home and auto policies. You might have a stock portfolio that has been accumulating wealth or an IRA or two that you inherited but haven’t paid much attention to in years. 

Wealth management is a high-level professional service that provides an integrated approach to growing and preserving income and assets, as well as determining how much of a client’s wealth is to be distributed and for what use.

Wealth management typically includes investment planning, financial planning, tax and accounting services, and retirement, legal, or estate planning under a single wealth management plan that both simplifies and organizes. Wealth management also takes into consideration the “what if situations” that happen to all of us.

While our goal is to develop a wealth management plan that meets your objectives we are available to assist you in coordinating with your other trusted advisors such as an estate planning attorney, CPA, home and auto insurance agent, life insurance agent, and business consultant(s) if you own a business. If you don’t already have trusted advisors that you work with, we can recommend one or more professionals for you.

As your wealth management advisor, we work with you to: 

• Create a wealth management plan based on your financial picture
• Manage assets and investments to maximize growth
• Evaluate tax strategies  to minimize taxes on your portfolio
• Manage risk and identify opportunities
• Make recommendations based on your priorities and preferences

If you are ready to get started, our wealth management advisors are here to help you every step of the way.

Call or email today to schedule a consultation. You'll be glad you did.