Taxes

• Tax Planning
  Substantial savings often result from better tax planning. We help ensure you are getting the maximum amount of deductions available to you. Our paycheck withholding analysis can put more money in your pocket throughout the year, instead of Uncle Sam’s, without incurring penalties. Our investment recommendations always consider ways to invest more tax-efficiently within your existing accounts, “harvest” investment losses to save on taxes and recommend the most tax-efficient savings vehicles for your personal situation.
• Estate Taxes

Investment

• Mutual Funds
  We believe that annual, and in some cases semi-annual, portfolio re-balances are sufficient, especially since we recommend broadly diversified, low-cost no-load mutual funds. We monitor our recommended funds and notify clients in the event we decide to discontinue recommending a specific fund. Our approach allows us to charge lower fees and minimize unnecessary transaction fees.
• Money Market Funds
  Money Market funds, CDs, exchange-traded funds (ETFs) and a variety of low-cost no-load mutual funds and index mutual funds. We recommend a broad diversification of investments for every client portfolio.

Planning

• Financial Planning
  Patterson Advisors, LLC is an independent Registered Investment Advisor providing goal-based, comprehensive financial planning throughout Southeast Michigan. As a fee-only financial planning firm, our services are uniquely tailored to each of our client's specific needs.
• Retirement Planning
  We can also illustrate what changes you are willing to make to help ensure the probability of a more successful retirement either by reducing spending, changing the timing of goals, saving more and/or retiring later. Sound retirement planning will provide you with peace of mind that your assets will be sufficient. We also provide guidance on withdrawal strategies to minimize taxes, maximize earning potential and ensure that your funds will last your lifetime.
• Long Term Care
  We will review any auto, home, life, disability, umbrella liability, medical and long-term care policies you own. We can provide you with potential dollar savings via elimination of unneeded policies/coverage and/or adjustments to deductibles. We also help identify current risk exposure(s) that could potentially impact achievement of your goals. Our MoneyGuidePro™ software allows us to provide clients with very detailed life insurance needs analysis, as well as long-term care analysis.
• Asset Management
  The primary emphasis is placed on diversified asset allocation techniques utilizing no-load mutual funds and Exchange Traded Funds (ETFs). Morningstar’s® premium services are used to research investment holdings. A variety of other Internet sources, as well, are used to analyze holdings.
• College Funding
  One mini-analysis is offered each contract year on any financial related topic that you choose. Typically 3-4 hours of analysis on topics such as insurance review, “quick” retirement projection, estate planning, college funding, etc.