Individuals & Families
Establish a clear financial vision with knowledgeable financial advisors.
Creative Financial Advice Tailored to Your Unique Situation
Harnessing our extensive expertise and imaginative financial strategies, we craft a customized plan that aligns precisely with your intricate financial requirements and aspirations. Supported by a seasoned team and an expansive network of resources, your dedicated financial advisor empowers you to effectively navigate crucial decisions and pivotal milestones, instilling a profound sense of assurance in your financial future.
PRIVATE WEALTH MANAGEMENT
You Have Financial Options
We had a client that had been paying a large federal tax liability for a number of years. The federal tax liability was in the 400,000 range. He mentioned it was a hard check to write every year. After learning more about his interests (investment real estate) and his income sources (via tax return), we found a couple potential solutions to reduce his federal tax liability.
PREPARE FOR RETIREMENT
Collaboration for Financial Success
Through our financial planning process we gather important financial data from our client. All income sources, assets owned, debts and a copy of their last two years of tax returns. We also conducted a goal development meeting to better understand what was important to them personally and financially. We collaborated with the client’s CPA (tax accountant) to confirm IRS Code and agree on the best solution to address our clients tax liability.
Financial Advice is Within Your Reach
In a down market we reached out to clients to discuss a Roth conversion strategy. We targeted clients that had large reliable retirement income sources combined with significant taxable IRA assets and if they waited to take distributions until RMD age the tax “time bomb” would be very large.
Our advice was to have our clients consider converting a portion of their IRA assets (that were decreased in value because of the down market) to a Roth IRA (nontaxable). The amount to convert was based on their current tax bracket. We described the opportunity as a “Roth Conversion on Sale”.
Blogs & resources
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