Services

Financial Planning

Business Continuation (Buy-Sell) Plans:

An agreement used by businesses to sell the interests of a deceased owner to the remaining partners at a predetermined price or using a predetermined formula.

Retirement Planning:

The process of planning for retirement, specifically in terms of making financial plans. Most often, retirement planning involves depositing money into a retirement account, and purposefully saving money for the future. There are many different types of retirement plans available, including an Individual Retirement Account (IRA) and a 401(k) plan. In most cases, employees are provided with a retirement plan by their employer, and contributions to the plan are deducted from the employee’s paycheck. Some employers will match a certain percentage of an employee’s contributions, adding more money to their account. Most plans have different rules and guidelines, including details such as when the money can be withdrawn.

Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty.

Legacy Planning:

Legacy planning helps you use the resources and experiences you’ve accumulated in life to make a lasting impression on those you love and the causes you believe in.

Retirement Plan Rollovers:

A tax-free reinvestment of a distribution from a qualified retirement plan into an IRA or other qualified plan within a specific time frame, usually 60 days. These transfers can happen when leaving a job at an employer who offered a retirement plan such as a 401(k) plan.

Before rolling over your retirement account, consider all available options, which include remaining with your current retirement plan, rolling over into a new employer’s plan or IRA, or cashing out the account value. When deciding between an employer-sponsored plan and IRA, there may be important differences to consider – such as range of investment options, fees and expenses, availability of services, and distribution rules (including differences in applicable taxes and penalties). Depending on your plan’s investment options, in some cases, the investment management fees associated with your plan’s investment options may be lower than similar investment options offered outside the plan.

Income Distribution Planning:

Distribution planning is the process of evaluating your needs, your asset resources and the potential time line for taking distributions from those assets.

Elder-Care Planning:

Focus on protecting assets and maximizing benefits for those clients who are chronically ill or disabled. Planning geared towards keeping clients living at home and maintaining a dignified lifestyle.