Financial Planning
What does my retirement look like? Do I have enough saved, how do I draw money out efficiently? When should I take my social security payments? We take all aspects of investing, insurance and estate planning into account to give you confidence in knowing your financial plan is right for you.
- Retirement Plans
A savings and investment plan that provides income during retirement. A defined benefit plan and a defined contribution plan are both types of retirement plans. ie: 401 (k), 403 (b) and 457
- Tax Plans
Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer
- 401 (k) Planning
A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis
- 403 (b) Planning
The features of a 403(b) plan are very similar to those of a 401(k) plan. Employees may make salary deferral contributions that are usually limited by regulatory caps
- College Plans
A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. Also known as a "qualified tuition program," or more fully as a "section 529 plan."
- Estate Plans
The collection of preparation tasks that serve to manage an individual's asset base in the event of their incapacitation or death, including the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law
- Money Purchasing Plans
A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member's account can be used to purchase a lifetime annuity. The amount in each money-purchase plan member's account will differ from one member to the next, depending on the level of contributions and investment return earned on such contributions
- Profit Sharing Plans
A plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings