We take a planning approach to all aspects of the advice and service we provide. Together we will help you get financially organized; bring clarity and confidence to your financial life; help you make and execute the investment and financial decisions needed to live the life you want on your terms.
A solid customized financial plan is a powerful possession that offers a sense of confidence. Our process allows us to determine appropriate strategies and adjust when circumstances change to help you understand how to achieve your goals and live your dreams.
The first step is gathering data so we understand your situation. The more information you provide, the better we can tailor our initial meeting. You’ll receive a Confidential Data Form prior to meeting with you so we can it the ground running.
We will determine what your short and long-term goals are and what is important to you and your family.
We analyze your financial information to determine what changes could be helpful in moving you toward your goals and objectives.
Once we have analyzed your financial situations, we establish a plan and make recommendations to help you accomplish your goals and objectives.
We will use our tools and your information to develop a solid plan demonstrating how to take you from your current situation through your retirement and beyond.
After agreeing on strategies, we will move forward with implementing the plan.
Monitoring your financial situation is an ongoing process that involves input from both parties. We meet with clients as often as needed in an effort to make sure that their plan remains on track.
A 529 plan is a college savings plan that allows individuals to save for college on a tax-advantaged basis. Every state offers at least one 529 plan. Before buying a 529 plan, you should inquire about the particular plan and its fees and expenses. You should also consider that certain states offer tax benefits and fee savings to in-state residents. Whether a state tax deduction and/or application fee savings are available depends on your state of residence. For tax advice, consult your tax professional. Non-qualifying distribution earnings prior to 2024 are taxable and subject to a 10% tax penalty. Beginning in 2024, unused 529 plan funds may be rolled into a Roth IRA assuming the following conditions are met: 1must have owned the 529 plan for 15 years, 2can only convert funds that have been in the 529 plan for at least 5 years, 3rollover amount cannot exceed $35,000 and 4rollovers must be made to a beneficiaries Roth IRA. Converting an employer plan account or Traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including but not limited to, a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.