Investment Planning
- Evaluate your assets, liabilities and cash flow to determine how you can best meet your financial needs
- Explain the full range of investment options from annuities, Treasury bills, to life insurance, stocks bonds and mutual funds
- Develop a plan that meets your financial goals, is consistent with your risk tolerance and has the potential to generate optimum returns during the time you have to invest
- Provide strategies for managing a sudden financial setback or windfall
Retirement Planning
- Review expenses that are likely to be incurred during your retirement and create a plan to eliminate any shortfall between income and expenses
- Calculate the savings required for you to retire at a specific age and achieve your desired lifestyle
- Create strategies for preserving and growing retirement account balances and distribution amounts
- Recommend a diverse range of tax-efficient financial tools-IRAs 401(k)s, investments and tax-sheltered opportunities- that are best suited to your age and retirement frame
Estate and Trust Planning
- Review wills, trusts, retirement plans and other estate-planning documents and ensure they remain up-to-date
- Ability to serve as trustees to trusts
- Develop a strategy that fulfills your goals while preserving assets for the next generation, reducing estate-tax liability and providing for sufficient liquidity
- Explain different methods of property transfers, estate-tax rules, the impact of the most current estate-planning legislation and possible future changes in rules and regulations
- Collaborate with other team members- attorneys, appraisers and insurance brokers, among others- to ensure every issue is properly addressed by the appropriate expert
Tax Planning
- Develop strategies you can follow throughout the year to reduce your taxes and advise you on steps you can take to reduce you future tax liability
- Clarify the latest tax laws, legislation and IRS rules
- Offer representation before the IRS
- Provide assistance with IRS and State Tax audits
- Understand business owners have different needs than individuals or families and help to coordinate business and personal financial goals
Education Planning
- Create an investment strategy designed around your financial resources, child’s age and projected educational costs
- Explain tax credits and deductions that can defray education costs
- Recommend ways for the student to become involved