- Your Free Financial Review
- Retirement Income Planning
- Investment Reviews
- Tax Reduction Strategies
- Insurance Review
- Wills / Trusts and Estate Planning
- IRAs: Roth, Non-Deductible and Conventional
- Educational IRAs and 529 Plans
- Pension and 401K Options
- Long Term Health Care
More and more people are realizing that they can retire
comfortable if they take the time to coordinate their plans. We offer a free financial review to help you get the most out of your retirement.
Prior to our first meeting we ask you to complete a simple fact-finding form
that lists the information on your current situation. This information is carefully
reviewed with you during our first meeting. Together, we determine your financial strengths and weaknesses. We will point
out any areas that will help you reduce your tax bill, improve your portfolio
diversification, and protect you from the unexpected. We review your insurance
needs and determine if you are paying too much for your current coverage and
what amount you actually need. We review your current estate plan to help you determine if your planning will
limit your probate expenses and provide for a timely and cost-effective transfer
of assets at your passing. Your cash flow needs are discussed so as to best
enable you to meet your current expenses while saving on taxes. Your IRA and
other retirement plans are reviewed as well. At the conclusion of this first meeting we will suggest any further actions
you should consider for improving your quality of life.
People are often confused by the complex formulas used to predict retirement income requirements. We can provide an easy to understand projection of your personal needs that is based upon your vision of the future. Our suggestions will target tax savings, financial security and the appropriate means for achieving a reliable retirement income that you won't outlive.
Our objective is to analyze your portfolio with a focus on meeting the goals you have for a secure and comfortable retirement, in addition to other concerns such as tax reduction, funding for college, and increased income. Specific strategies will be suggested if your current portfolio is not in line with your needs.
We can also provide a complete tax analysis to be sure you are paying the least tax possible. Tax reductions may be achieved through minimizing capital gains, proper estate planning, tax efficient gifting strategies, as well as other effective methods.
We often find that our clients have been spending too much on insurance, even though their coverage is incomplete. Our review will include an assessment of your current coverage and offer suggestions for improved cost-effective protection.
Wills
/ Trusts and Estate Planning
We will go over your estate plans (will, trusts, powers of attorney, health care proxies, etc.) to ensure that all your affairs are handled properly during a disability and at death. Recommendations may be provided that allow your family to avoid probate, reduce estate taxes, maintain control over your property, and guide your loved ones under difficult circumstances.
IRAs:
Roth, Non-Deductible, and Conventional
Individual Retirement Accounts offer a powerful means to take control of your own financial security. Our analysis will compare the overall benefits of Roth and other available IRAs and allow you to choose the option which maximizes your tax savings.
Educational
IRAs and 529 Plans
The 529 Plan is an investment plan operated by a state designed to help families save for future college costs. There are several advantages: income tax breaks, tax-free growth, the donor is in control of the account, and everyone is eligible! There are several plans available, so let one of our planners help you find the one that best suits your needs.
We provide IRA and 401(k) rollover counseling to maximize your return and meet your retirement income needs as well as calculating and advising on IRA, 401(k) and 403(b) minimum distribution needs.
Long term health care is the greatest health expense older Americans face. This is true because it is the only major health care expense that Medicare, Medicaid supplements or individual health insurance will not cover.
In 2006, nursing home care in upstate New York cost an average of $100,000 per year. Faced with such exorbitant costs, many people can only hope to qualify for Medicaid. They are then forced to deplete their assets and dispose of possessions that they have earned through a lifetime of hard work.
There are more attractive solutions available to cover this risk. We will review your situation and make recommendations that will best fit your individual needs.
We have the experience to provide guidance on all New York State partnership and non-partnership plans and can assist you on designing and selecting the most appropriate plan.
344 W. Genesee St., Ste.
300, Syracuse, N.Y. 13202
(315) 425-0344 Fax (315) 471-6768
e-mail: summit.planning@lpl.com
web site: http://www.summitplan.com
Securities Offered Through LPL Financial *
Member
FINRA/SIPC