Individuals & Families
For young clients building their careers, many are seeking simple investment and retirement strategies that may help them start building their wealth. Others may be changing careers and need advice on how to roll over their 401(k)s. And for clients with families, I can offer advice on life insurance, health insurance, and college planning.
How We Help Clients Like You:
At its simplest, financial planning refers to the process of making appropriate decisions concerning one’s assets in order to pursue one’s goals in life. I help clients establish their goals in life, both short and long-term, determine their assets and liabilities, and evaluate their current financial position. With the use of financial planning software, I create a "Personal Financial Plan" for each client, which provides them a tangible financial strategy with action steps to help guide them along the path and see their progress as they pursue their goals.
Insurance is an important part of a complete financial plan. It protects clients’ heirs in the event of their death, and it can be self completing in the event of disability, meaning benefits may become available if one were to become totally disabled. I can help clients determine what type of coverage is best for them and have access to a wide array of insurance products, including term life, whole life, universal life, variable life, survivorship, single premium, long-term care, and long-term disability insurance. I can also help clients understand their options for health insurance within the Affordable Care Act, as well as Medicare supplements and prescription drug plan solutions.
Retirement planning is a critical element of one’s financial strategy. My retirement income planning process includes analyzing income sources, managing assets, determining future expenses, and identifying estate planning goals. My process pulls all these together into one plan of action. Beyond developing a retirement strategy, I can offer clients advice and education on other complex financial elements of retirement.
Estate planning is critical for ensuring your wishes are carried out. Without a plan, the state will handle your assets according to probate laws and taxes can quickly add up. I can assist individuals with their estate planning needs, including offering insight and appropriate recommendations. I can also help them identify how they want to pass on their assets, who will receive what, and when and how.
Medicare & Social Security Recipients
Aging into Social Security & Medicare can be a confusing & frustrating time for many people. I often refer to it wading through the “Medicare Maze”. One size fits all definitely doesn’t apply to your Social Security benefits & Medicare options, so we will explore all of your options to ensure you have a plan that best suits your needs & specific situation.
How We Help Clients Like You:
- Medicare Supplements
- Medicare Advantage Plans
- Prescription Drug Plans
- Social Security
Business Owners
Regardless of a business owner’s company size, many are faced with similar concerns - effectively managing financial strategies and developing retirement planning opportunities that benefit both the employer and employees.
How We Help Clients Like You:
Many small business owners want to offer their employees a retirement plan but aren’t sure where to start. I can help clients determine appropriate 401(k) retirement plans, as well as profit sharing plans; cash balance plans; and Roth, SIMPLE, and SEP IRAs. I can also assist with nonqualified plans, connecting them with the business’s other qualified retirement plans to create the most appropriate comprehensive solutions.
Providing an employee benefits package that includes quality, affordable healthcare coverage continues to be one of the greatest challenges for today's employers. Many employers aren’t aware of the many affordable employee packages available. I can evaluate the design of different benefits packages to determine an appropriate pricing structure and advise on implementing such options as cafeteria plans that allow for employee cost-sharing through tax-deductible contributions.
A succession plan is a critical element of a business owner’s exit planning strategy. A goal of many business owners is to someday transfer their business interest to either family members or key employees. Succession planning can help businesses in the case of the owner’s death or disability. Small businesses can be susceptible to erosion of capital due to estate taxes and legal fees. I can help clients formalize their succession objectives and future goals and refer them to CPAs and attorneys for further assistance.
All business owners, whether they own or co-own their business, should have a plan in the case of an unexpected death. Buy-sell agreements can help protect a business owner and their business from unintended ownership transfers and protect the heirs by offering them the chance to turn shares into cash. I can offer advice on buy-sell agreements and can provide referrals to attorneys who can help determine the right type and draft the agreement.
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