Financial Services & Wealth Strategies

Retirement Planning*

People entering retirement are facing new concerns. As healthcare is improving and life expectancies rise, you are likely to live longer during retirement than past generations. Unlike your parents who likely had their retirement funded mostly with guarantees made by their employers and the government, the assets you have accumulated may be your primary source of cash flow. We can partner with you to create a plan considering the level of assets needed to fund your vision of retirement including likely income needs, potential tax implications and risks that can stand in the way of realizing your vision.

Education Planning*

You don't have to be a rocket scientist to help your child obtain a high-quality college education. By reviewing your family's financial outlook, we can help you develop and implement a tuition savings plan that may fit for your budget.

Investment Management*

Together, we can create an investment strategy that is designed just for you with your unique goals and needs in mind. We will build an investment plan that considers your investment goals, comfort level, expectations, and the effect of taxes on your portfolio. Because investment management is something that should be adjusted as your goals evolve and your portfolio changes, we will work with you on an ongoing basis to monitor your portfolio and rebalance it as needed.

Legacy Planning

A legacy plan ensures that what you want to happen will happen at the time of your passing. Without a good plan, the government may be in a position of dividing your assets between members of your family and may not make the same decisions you would. Also, your family may be forced to give up a substantial portion of their inheritance to taxes, causing significant financial burden during an emotionally devastating time. We can help you create a plan that minimizes the estate taxes that may be incurred and maximizing the amount of money going to your family so they don’t have to guess what you would have wanted.

Cash Flow and Debt Management

Without a clear picture of what money is flowing in and out each month, it is impossible to make informed decisions with respect to the other wealth management issues that affect you. Your debt level and credit history are also important barometers of your financial health. Good debt management ensures you have credit when you need it, make wise borrowing decisions, and avoid disaster if you become overextended. We can identify where your cash is going each month and evaluate potential opportunities to improve your cash flow through tax strategies and debt management.

Family Risk Management

Even the best investment plans can crumble if you have not properly prepared for the unexpected – risks that exist for every family such as disability, death, or a long-term-care need. We can evaluate your current risk plans to determine if they are adequately meeting your needs at this stage of your life and as you plan for the future. We will make suggestions that not only address your risk management needs but also consider the tax implication of these changes.

Business Planning

As a business owner, you likely face daily challenges such as having enough cash available to take advantage of opportunities when they arise, using the business as a vehicle to save for your and possibly your employees’ retirement, and protecting your business from a potentially devastating financial loss. We can help you evaluate and implement strategies that not only protect your business, but also take advantage of opportunities that could improve the cash flow, tax situation, benefits, and bottom line of your business.

Special Situations Planning

Throughout your life, as you pursue your long-term goals, some expected and unexpected needs will come your way, whether it is planning for a wedding, taking a spur-of-the-moment dream vacation, deciding to buy a second home or facing unexpected expenses due to unforeseen events. We are here to help you with situations that don’t always fit nicely into the other wealth management issues and determine a path to monitor your tax situation and get you through whatever financial challenges and opportunities arise.

*These services are offered by Mila Coffey through her affiliation with Avantax.