Broker Check

Bringing the Future Into the Present,

So We Can Create a Better Tomorrow…

Personal finance is focused on managing and protecting cash flow in both the short and long term. Specifically though, our approach considers the net effect of multiple influences... which means, financial decisions (investment, tax, insurance etc.) should never occur in isolation.

Planning for retirement is a good long term example. Financial security just doesn't happen it's a deliberate lifelong effort. The earlier you start the better. You'll need to consider your current age and the timeline involved and what the major expenses will be up to and during. What about the after-tax result on employer sponsored assets...? Will there be a shortfall and your capacity for risk to address any shortfall? The reality most individuals face... where we assist, boils down to three areas: Guaranteed, Flexible and Additional sources of income…

Guaranteed Sources

This group is made up of assets with a fixed payout such as Social Security and Employer Pension Plans. The goal is to have these assets produce enough monthly income to cover housing, utilities and grocery expenses (HUG) during retirement. It’s no secret that pension plans are becoming scarce. So this may be why some people explore certain annuities as a pension replacement especially if they are risk averse.

Flexible Sources

Your Employer-Sponsored Retirement Plan, Brokerage Accounts or other Non-Employer Savings and Investments fall into this category. When considering Employer-Sponsored assets there may be a need to develop strategies using Non-Employer assets to counter shortfalls created over the long-term. Shortfalls generally occur when various life events impact your ability to save for retirement, like... buying a home, college tuitions or taking care of an elderly family member to name a few. They’re called flexible sources because you can influence when, where and how much you withdraw or generate depending on your tolerance and capacity for risk.

Additional Sources

This group is focused on supplementing and/or protecting cash flow now and during retirement. Part-time work or business ventures like owning rental properties and insurance assets would fall into this category. Insurance is generally considered a means for protecting future cash flows. If you were to re-title this group as “Backup Assets” that would be fairly accurate.

Success lies in your ability to identify the shortfalls…

While it’s true that identifying shortfalls is critical, sometimes there’s a need to confer with others. In order to accomplish this we offer the ability to consult with experts within these additional disciplines: taxes, by coordinating with an IRS  Enrolled Agent or a CPA, when business interests are involved and if assets are substantial enough to be concerned with estate planning, an attorney.

Individuals hire a professional because they have the knowledge, skill, ability and tools to provide the services needed which allows practical experience to become a technique that sharpens the tools of their trade. We build both tax-advantaged and taxable solutions and work in coordination with tax, accounting and legal professionals as needed.