Individual Planning
Individual Financial Planning
Individual financial planning helps organize investment, retirement, and long-term financial decisions around your personal goals.
Investment Analysis
Examination and assessment of economic and market trends, earnings prospects, earnings ratios, and various other indicators and factors to determine suitable investment strategies.
Net Worth Analysis:
computing assets and liabilities and determining if suitable.
Investment Strategy
Systematic plan to allocate investable assets among investment choices such as bonds, certificates of deposit, commodities, real estate, stocks (shares). These plans take into account factors such as economic trends, inflation, and interest rates. Other factors include the investor’s age, risk tolerance level, and short- or long-term growth objectives. Corporate investment strategies specify funds required to achieve a competitive advantage, and the monetary results (profits) expected from such decisions. The three common corporate investment strategies are (1) Building, (2) Defending, or (3) Harvesting the firm’s market position.
Retirement Planning
Retirement planning considers the savings, investment, and account choices that may support your future income needs.
IRA / Retirement Plan Accounts
Retirement plans are tax advantaged savings plans that have been creatd by the US government to encourage investors to save for their retirement. Some investments selected inside these accounts may include mutual funds, stocks, bonds, annuities and CD’s.
Retirement Plan Account Types:
There are many retirement plans or IRAs for individuals such as Solo 401 k and Keogh’s (Money Purchase / Profit Sharing) Plans, SEP, Traditional and Roth IRAs. Also can be referred to as ‘Individual 401k’, ‘Single (k)’, ‘Personal 401k’ or ‘SBO Plan’.
Solo 401k
The Solo 401k plan is designed specifically to benefit owner only businesses. This retirement plan allows maximization of contributions and valuable tax deductions compared to other types of small business plans.
Sep IRA
Stands for ‘Simplified Employer Pension Plan’, This retirement plan is ideally suited for small business owners and self employed individuals such as independent contractors The SEI’ IRA plan allows a much larger contribution than a Traditional or Roth IRA.
Keogh
Also referred to as ‘Money Purchase’ and ‘Profit Sharing’. The Keogh retirement plan is designed for owners of un-incorporated small businesses. In other words you must be a partnership, sole proprietorship or LLC.
Traditional IRA
A Traditional IRA is a retirement savings account that may offer tax-deferred growth and may allow deductible contributions, subject to eligibility and applicable limits.
Roth IRA
A Roth IRA is a retirement savings account funded with after-tax contributions. Qualified distributions may be tax-free, subject to eligibility requirements and applicable rules.
Defined Benefit Plan
A defined benefit plan is an employer-sponsored retirement plan designed to provide a specified benefit at retirement, based on the plan’s terms and applicable rules.
Retirement Plan Contributions
Contribution limits, eligibility, and tax treatment vary by account type and may change. Consider your circumstances and consult the appropriate professionals before making decisions.
Rollover of Pension Plans
A rollover may allow retirement assets to move from one eligible plan or account to another without immediate tax consequences when completed according to applicable rules.