Taxes

• Tax Planning
  Thus, estate planning is concerned with many of the same aspects of financial planning as are income tax planning, investment planning, insurance planning, and retirement planning.
• Estate Taxes
• Tax Services
• Tax Deductions
• Income Tax
  Although we all think of April 15 as tax day, taxes are actually due as income is earned, and employers have become the country's primary tax collectors by withholding taxes from our paychecks. By far, most of the money paid in individual income taxes each year is withheld from employees' paychecks. The government also expects its share of income not covered by withholding - including income from self-employment, investments, and alimony — in installments during the year. In both cases, Social Security taxes as well as income taxes are due on a pay-as-you-go basis. If you are required to make estimated tax payments, you generally must make them quarterly — on April 15, June 15, September 15, and January 15. If you fail to pay in enough (figured quarterly), you may be subject to the penalty for underpayment of estimated tax.

Investment

• Investment Management
• Mutual Funds
  If you want to keep up with rising college costs, you should try to invest for growth. Historically, stocks have offered the best chance for your money to grow over the long term. If college is 10 or more years away, consider investing primarily in stocks and/or stock mutual funds. Then, gradually move those funds to more conservative holdings as your child nears college age.
• Bonds
• Money Market Funds
  • Reassess the risk level in your accounts. As college approaches, consider moving the money into less risky investments, such as shorter-term bonds and money market funds.

Accounting

• Cash Flow Analysis
  We developed a means to deliver a series of standard services throughout the year to our clients so that we may, at all times, be prepared to answer any question that may arise. These include: our annual comprehensive review, retirement cash flow analysis, estate tax projections and review of estate plan, insurance review and needs analysis, income tax projections and preparation, qualified plans review, investment performance review and liability and debt service review. We have determined that when these services are rendered on a continual basis we are able to stay on top of pertinent issues and changes in the financial landscape for the benefit of our clients.

Planning

• Financial Planning
  Michael began his career in financial services in 1977 with Metropolitan Life, promoted from sales representative to sales manager in short time. Having completed his NALU and Advanced NALU studies, he enrolled in the College for Financial Planning and received his CFP designation in 1983. In 1986 Michael sat for his Enrolled Agent exams with the Internal Revenue Service. Since 1983 he has been a member in good standing of the Institute of Certified Financial Planners, the
• Retirement Planning
  And these days, fewer companies provide pension plans for their employees and people change jobs more often than in the past, making it less likely that they will qualify for a significant employer pension.
• Long Term Care
  Like life insurance planning, disability insurance planning is based on your particular needs, circumstances, and resources. Completing the disability portion of our worksheet on a disability calculator, should help you determine if you need additional coverage to protect your family should you become temporarily or permanently disabled. In addition, you may want to include long-term care insurance in your financial plan to help preserve your assets for your family in the event you suffer a prolonged illness.
• College Funding
  Whether your child is six weeks old, or 16 years old, it's not too early - or too late - to plan for college expenses. By setting strategy now, you'll be in a better position to help your child come up with the necessary funds to pay for college when the time comes.