Planning
Financial Planning
What is Financial Planning?
At its core, a financial plan accounts for your sources of income and creates the means to meet your immediate needs and achieve your future goals. Financial planning is a broad term for a process that incorporates multiple financial tools and strategies in alignment with your objectives. In general, a financial plan will focus on solutions that:
MINIMIZE RISK
MAXIMIZE RETURN
LEVERAGE ASSETS
PROTECT ACCUMULATED WEALTH
RECEIVE FAVORABLE TAX-TREATMENT DURING ACCUMULATIONAND DISTRIBUTION
ESTATE PLANNING
Secure your future today.
LEAVE A LEGACY
Estate planning is the process by which you detail how accumulated wealth or assets are transferred to the next generation. Without a properly drafted and structured estate plan, your assets can become entangled between your heirs or lose significant value upon transfer. While the core principle of estate planning—designating beneficiaries—is fairly simple, an estate plan often includes more complex factors. Even a direct transfer to an heir may require detailed structuring and legal documentation.
Tax Planning
You read that right. We are now e-filing individual taxes for both members and non-members.
Failing to properly structure your assets and growth strategies can lead to the unnecessary loss of a portion of your retirement income. While you can’t avoid taxes, there are strategies and solutions that can help you retain more of your accrued wealth.
This is where the process of tax planning comes into play.Tax planning is the evaluation and analysis of a financial situation to determine its most tax-efficient structure. Every financial solution or product will have a tax treatment that needs to be addressed. Some may have tax-deferred benefits and see a tax liability only on distribution. Some may be taxed as the asset grows. Some, such as retirement accounts like 401(k)s and IRAs may have contribution limits and incur penalties for early withdrawals. It’s important to see tax planning as an integral part of your overall financial and retirement planning process.
You shouldn’t only be concerned about taxes when you are ready for retirement; effective tax planning examines your strategies every step of the way.
Medicare Services
Confused about Medicare?
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True Cost of Coverage
Educational Resources
Short-Term Bridge Health Coverage
Medicare Transition
Independent Brokers
Risk Management
Economic conditions, the political environment, new legal requirements and natural events can affect your portfolio.
Risk Tolerance
Risk Tolerance can vary with age, income and financial goals, and is the amount of risk that an investor is willing to take on.
Risk Capacity
Risk Capacity is the amount of risk that an investor must take in order to reach their financial goals.
Risk Tolerance & Risk Capacity
Risk Tolerance and Risk Capacity are used together to determine the amount of risk in an investors portfolio.