Managing your finances is an important component to any financial plan. Along with the protection offered through insurance and the goal setting provided by investment choices, money management strategies help you manage your savings on a daily basis.

From mortgage payments to tax savings, we can help you manage your money as effectively as possible, given your personal situation.

For Individuals

For Businesses

Saving

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Depending on your stage of life, chances are you’ll have a distinct approach to saving. New graduates or young couples may have different needs than retirees or mid-career families. But no matter your personal situation, we can help you develop financial habits that will help lay a strong foundation for your savings.

Younger individuals and couples may have a number of benefits in terms of financial management because they may have lower insurance costs and a longer investment horizon than other individuals. Combine this with the likelihood of fewer responsibilities and younger individuals and couples may begin with an excellent financial base. We can help you build on these advantages, while at the same time considering a debt load that might include student loans, car payments or perhaps a mortgage.

Couples planning for a first child enter into a new level of commitment—both personally and financially. We can help you navigate the complexities of saving for a child.

Mid-career professionals typically have higher incomes than younger investors—but they may also carry more responsibilities. From mortgage payments to a child’s education, consider a financial plan that balances your needs and obligations.

Retirees have worked hard at their careers, and now is the time for relaxation and celebration. Chances are children have moved from home, the mortgage is mostly paid off and a few investments are coming to fruition. However, income levels may have dropped after retirement. Find out how to manage your finances in a way that may allow you to fully enjoy the fruits of your hard work.

In short, no matter your life stage, contact us today to learn how to balance savings and investing with your other commitments.

 

Tax Planning

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No one likes paying taxes. But through the advice of a professional financial advisor, you can access products and services that help ease the burden. Charitable contributions, life insurance policies and investment products purchased through tax advantaged retirement plans can all be useful tools in an effective tax strategy. Working together, we will consider your personal situation and design a tax plan that fits your needs.

Choose from a variety of products and services, such as:

  • Tax-exempt municipal bonds.
  • Life insurance products that build tax-deferred capital for retirement.
  • Investment products that provide for tax benefits, such as those purchased through IRA's and qualified retirement plans.

Contact us today to learn more about tax-planning products and services that are specifically tailored for your needs.

Mortgages

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Buying a home can be one of the most exciting purchases of your life—but it is also a big decision that will have a major impact on financial planning. Whether you’re looking at a one-bedroom condominium or a five-bedroom house, we will work with you to help plan a mortgage strategy that fits your needs and considers your other financial responsibilities.

From choosing the right time to buy a house to deciding whether it is even a good idea, we can help guide you through this important decision. By assessing all the costs involved - from taxes to renovations - we will work with you to determine whether taking out a mortgage makes sense for your budget.

If you are considering taking out a mortgage, contact us today to discuss how to do so in a way that best fits your situation.

Financial Planning for Business Owners

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Business owners face unique challenges—and opportunities—in terms of financial planning. You’ve worked hard to develop your ideas into a successful business, or perhaps you’re considering moving into self-employment. Regardless of your situation, choose a financial planning strategy that takes advantage of your unique situation.

If you are considering moving to self-employment, contact us to discuss how to revise your financial plan. Working together, we will help you adjust from a situation where a previous employer might have provided benefits, such as health or life insurance or a company pension. Life and disability insurance can be difficult to purchase at first, since many insurers want two years of earnings results. Self-employed people may gain tax write-offs for some health insurance premiums.

You may also need to negotiate a bank loan or line of credit to help fund office space, materials and other business investments. We can help you explore options to effectively secure these start-up expenses.

Tax planning is another important component of a strong business strategy. Depending on your business, consideration may include paying wages or collecting sales tax. You also need to pay payroll taxes, and possibly make quarterly tax installments. As well, you can take advantage of depreciation expenses on equipment such as computers or vehicles, and business expenses such as advertising, salaries, or travel.

No matter what stage of growth your business is in, contact us today to design a tax-efficient business planning strategy.

Business Succession Planning

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You worked hard to develop a business, and now is time to enjoy the results. Many entrepreneurs spend years of focused effort building up a business, but then fail to consider how to make the transition to retirement. A financial advisor can offer advice in how to plan an effective business succession strategy.

Entrepreneurs can work to turn equity in the business into capital that can be used to fund retirement. A financial advisor can help business owners with tax-effective retirement strategies, such as using life insurance policies, paying yourself a salary as the business founder, or arranging for an heir to slowly buy up your shares.

Life insurance is another consideration when planning business succession. If the founder is nearing the end of his or her life, a well-planned life insurance policy can help successors transition into business owners. Upon death, successors may face estate taxes.  Life insurance is one way to provide liquidity to successors to keep the business running.

Smaller businesses may not need to pay estate taxes, but can still benefit from a plan that ensures an equal legacy for their successors. A financial advisor can offer advice in how to plan an effective business succession strategy.

Contact us today to discuss strategies for business succession.

 

Note: Withdrawals of taxable amounts will be subject to ordinary income tax and if made prior to age 59 ½ may be subject to a 10% IRS tax penalty. A portion of municipal bond’s income may be subject to state or local taxes. A portion of a municipal bond’s income may be subject to the federal alternative minimum tax. Insurance contracts are based upon the claims paying ability of the issuing company.