Tax planning & Tax Preparation
Personal Representative (Executor) for Estate
Tax planning & Tax Preparation
- Tax Preparation for individuals
- Tax Planning to minimize lifetime taxes for middle class
- Estimate your retirement tax bracket
- Help implement tax efficient investing to increase return
- Help with tax-qualified accts: HSA, IRA, and 401(k)
Financial Power of Attorney
Personal Representative (Executor) for Estate
Tax planning & Tax Preparation
- Pay bills/set up auto payment
- Balance the checkbook
- Record keeping
- Watch accounts for fraud and unusual spending
- Verify cash balances are sufficient to meet needs
- Set up auto deposits/transfers
- Generate an income stream from investments
- Manage investments or work with your financial advisor
Personal Representative (Executor) for Estate
Personal Representative (Executor) for Estate
Financial Advice - checkups - retirement planning
- Establish personal relationship w/you and family prior to death
- Locate, sell, and distribute assets per will
- Help family understand tax implications of inherited assets
- Know you well enough to carry out your wishes.
Financial Advice - checkups - retirement planning
Financial Advice - checkups - retirement planning
Financial Advice - checkups - retirement planning
- Develop budget to estimate cash/income needs
- Analyze income, expenses, assets, debt
- Evaluate investment choices and asset allocation
- Review tax situation and recommend action to minimize lifetime tax
- Reviewing Roth vs Trad IRA decisions based on current situation
- Recommend allowable withdrawals per month to minimize risk of outliving assets
- Estimate retirement tax bracket
Elder specific issues
Financial Advice - checkups - retirement planning
Financial advice in time of death or divorce
- Facilitate discussions between elderly parents and adult children regarding finances.
- Social Security claiming advice/tax implications
- Traditional IRA/401k required minimum distributions and tax implications
- Documenting assets for use in case of incapacity or death
Financial advice in time of death or divorce
Financial Advice - checkups - retirement planning
Financial advice in time of death or divorce
- Help you identify/locate assets
- Evaluate current income/ expenses and spending levels
- Advice on inherited IRA's
- Provide understanding on current and future tax bracket
- Help understand cost basis of assets inherited or received in divorce
- Tax planning for year of and years after the event
- Provide advice on investments and help simplify finances