Who we serve
Retirees and Those Soon to be Retired
Retirees today live longer, enjoy greater health, and live richer and fuller lives in retirement than the generation before them. Retirement then is not an end, but the beginning of a new and exciting chapter in your life. It is an opportunity to trade the job you needed for a job you love, a job that could include enjoying grandchildren, moving to a warmer climate, traveling the world, volunteering in the community, playing golf, and the list goes on. The possibilities are endless and exciting.
The job you don’t want is Worrying:
- About whether you will outlive your money;
- About how your money will keep pace with inflation;
- About what happens to your spouse and loved ones if something happens to you first;
- About how quarterly tax payments and required minimum distributions work
There are many things to worry about in retirement and, unfortunately, these are just a few. The good news is we have helped many retirees successfully navigate their retirement and we have the solutions you need to enjoy the retirement you deserve.
- Financial Planning – We have to know your retirement goals and dreams (don’t worry, we can help you articulate and quantify them), your regular retirement income from social security and perhaps other sources, and your regular expenses. We have to know how much you need every month or every quarter from your investments to give yourself the retirement you deserve.
- Investment Planning – Through our planning, we will have quantified your retirement income needs and the growth necessary to keep pace with inflation. With the goals in place, we can design an investment portfolio in pursuit of your unique goals.
- Tax Planning – Many retirees underestimate the impact of income taxes on their retirement. Keep in mind that all of those dollars in your 401(k) or IRA have not been taxed, and Uncle Sam won’t wait forever. It is critical then to know the tax implications of withdrawals from retirement accounts, to make consistent and adequate quarterly tax payments to the IRS to avoid interest and penalties, and to design investment portfolios that are as tax efficient as possible. With a solid financial plan and a well designed investment portfolio, our CPAs can predictably manage your taxes, assist with your quarterly estimates and payments, keep you on top of your required minimum distributions, and eliminate surprises in April.
Those Suddenly Single Through Death or Divorce
We have helped people in the past struggling to make financial decisions after one of life’s most stressful times. We pride ourselves on listening, educating, and empowering our clients with the knowledge and wisdom needed to move forward. In a transition time there are a number of decisions that must be made. Financial planning, investment strategy, and estate planning all must change to suit the new reality.
SUDDENLY SINGLE SOLUTIONS:
- Financial Planning – Many Suddenly Single clients find themselves holding a lump sum of money, either through life insurance proceeds or a legal settlement. Thorough planning and budgeting is critical to be sure that money will last and sustain your standard of living. And if the money isn’t going to last long enough, we need to know how long it can last and begin planning for the time when it will run out.
- Investment Planning – Investment planning flows from our thorough financial planning. Knowing how long your money needs to last, what rate of return we need to achieve to make it last, and how much income you need from your investments and how often, we can design an investment portfolio to achieve your unique goals.
- Estate Planning – If you have children, particularly minor children, your estate plan must be updated. Your former spouse is likely still the primary beneficiary in your Will or Trust. The Guardian you will nominate is now only one step away from having to serve your children, so it can’t be the person you named ten years ago and forgot about. Is your life insurance right so that a guardian could raise your children free from financial worry?
Small to Mid-Sized Business Owners
Small to mid-sized business owners have unique financial planning needs. Typically, they face two major financial challenges. One is how to extract personal wealth from their company. Many business owners are quite wealthy on paper, but have not been able to turn it into realized wealth for themselves. The other is exit strategy. You built a great company, what happens when you leave? Are you in an industry where selling the company is realistic? If so, have you positioned the company to make it attractive in a sale? Have you considered internal take out strategies like an ESOP or long term stock repurchase? If so, do you have the right people in place to run it after you are gone and have you taken steps to be sure they stay?
BUSINESS OWNER SOLUTIONS:
- Financial Planning – Are you extracting the appropriate amount of wealth from your company based on your long term goals for the company? Are you building enough sustainable personal wealth that a financial disaster at your company won’t also be financial disaster at home?
- Risk Management – Many companies provide some sort of disability and life insurance for their employees. If you are self-employed, providing for these things is on you. Many successful business owners can actually self-insure some of these problems, but it requires proper planning.
- Investment Planning – Your investments have to relate to your business because your business is the largest piece of your investment portfolio. If your business is up and down, more of your portfolio needs to be in cash and cash reserve type accounts for ready access. If you have a risky business, you need safer investments. If you have a high tech business, you don’t need a rash of stock holdings in other high tech companies. Diversification is always a critical component of a portfolio, and your business needs to be considered an investment in that process.
- 401(k) – The major employee reward and retention tool is the 401(k). There are any number of companies that are happy to provide a 401(k), but few of them attempt to tailor the plan to the business owner. Should you have a safe harbor plan? Should you have a traditional plan? Should you match contributions? Will your plan become “top-heavy?” If so, what will you do about it? And most importantly, what will all of this cost you? We don’t just install 401(k)s, we install the right 401(k)s for you, the business owner.