SECURE WEALTH

BLUEPRINT FOR WEALTH AND FINANCIAL SECURITY

The essentials of successful financial planning and investment management.

COMMON STRATEGIES FOR UNCOMMON WEALTH

UNCOMMON WEALTH, SECURED BY A PLAN

Your Financial Lifestyle Plan

The essentials of successful financial and investment management. Common strategies to build wealth and secure a comfortable lifestyle through investing.

• Securing Proper Cashflow

• Maintaining Reserves to Remain Debt Free

• Managing Taxes & Portfolio Efficiency

• Paying for College Education

• Protecting Assets through Insurance

• Risk Adjusted Portfolio Management Strategies

• Building Investment Capital for Desired Lifestyle

• Proper Retirement Investing Choices

• Employer Stock Ownership Plan Management

• Business Sale and Succession

• Retirement Distribution & Income Planning

• Health and Long Term Care Plan

• Charitable Giving

• Efficient Estate Transfer

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WHAT'S YOUR PLAN FOR FINANCIAL SECURITY

FINANCIAL CHECKLIST

Our financial checklist for 2021 offers some basic financial strategies that can help keep you on the road to financial security, while offering some key areas to explore as you make continued preparation for retirement and your own unique goals.

REDUCE YOUR DEBT

MAKE RETIREMENT CONTRIBUTIONS

CONSIDER ROTH CONVERSIONS

MAKE 529 CONTRIBUTIONS

REVIEW EMPLOYER STOCK PROGRAMS

UPDATE YOUR FINANCIAL PLAN

Debt is the enemy of financial progress, whenever possible utilize discrectionary income to reduce debt. Especially high interest debt that burdens your opportunity to increase your savings.

For 2021 the maximum allowed individual 401k contribution is $19,500 and $26,000 for those over 50 years old. This contribution can be made as a pre-tax or after tax contribution. The ability to make this level of contribution on a pre-tax basis can be a significant tax savings.

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If are not able to commit to maximum contributions, make the commitment to increase your savings rate at each salary increase in the coming years.

Because Roth IRA's offer the benefit of receiving tax and penalty free distributions after reaching age 59 1/2 in qualified accounts, it is a good idea to investigation how a Roth IRA can be used as an estate planning tool or a means to acquire tax free income in retirement.

Individuals that have money invested in IRA's can convert these assets to Roth IRA's for future tax-free distributions. When making the choice to convert IRA assets, the IRA account holder will be required to pay taxes on the amount he or she wishes to convert for the year of conversion.

If you would like to support a child or grandchild with future college cost, making 529 contributions to a state registered 529 plan may offer a state income tax deduction based on your allowable contributions.

Employers that offer stock ownership programs or shares of restricted stock, may have restrictions or vesting schedules that offer limited access to the proceeds of your company stock. It is a good idea to review these programs each year to determine how the proceeds in these programs may be used to further your financial pursuits.

To gain a fair understanding of how your investment portfolio is progressing toward your ultimate financial goals, review your financial plan each year to determine what steps are needed to maintain your track to financial independence.

what is your definition of FINANCIAL SECURITY

At a point in your life, you will rely on others to provide financial guidance. Experience and wisdom leads, the earlier you receive and act on competent thoughtful advice, the better your chances of peace of mind.