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Our comprehensive financial planning service provides you with an objective evaluation of your overall financial health. It includes specific suggestions for helping you reach your goals and build a secure future. We consider all of the following areas:
| · retirement planning | · college savings | · estate planning |
| · insurance | · investment review | · other financial issues |
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Retirement planning is much more important today than in the past. The poor performance of the stock market over the past few years has devastated many retirement plans, especially those that were not properly diversified. Yet, longer life expectancies and higher living standards require much more to be set aside for our retirement years. Social security and company pension plans can no longer be relied upon to provide a comfortable retirement. Your retirement is mostly your own responsibility. However, the new tax laws have given us more opportunities and more choices in how to save. We are here to help you sort through those choices. We will analyze your projected needs, your available sources of income and your existing investment plan, and make suggestions as to how much and how you should be investing. If you participate in a 401K plan, we can help you choose appropriate investments within your plan. If you are self-employed, we will show you how to set up your own retirement plan. If you are near retirement, we can advise you on distributions, rollovers, beneficiaries, etc. College savings How quickly they grow ! Before you realize it, college will be just a few years away. We can help you prepare for it. Recent tax laws provide more favorable ways to save for education costs. We can help you estimate how much college will cost by the time your children are ready to attend and suggest a tax-wise, affordable savings plan. Estate planning This is an area that is easily ignored, especially in light of the recent increase in the estate tax exemption to $1 million. However, rising property values, accumulated retirement funds and life insurance proceeds, may put your estate above that level. There is a much greater need for estate tax planning than many people realize. We understand that this is everyone's least favorite area but we can help you address the important issues. We will suggest some planning ideas to save taxes and preserve more of your assets for your heirs. Your heirs will appreciate it and respect your foresight. Insurance Failure to carry sufficient insurance can be financially devastating to a family, while carrying too much insurance can be very expensive. We will review all the different types of insurance you have (such as homeowners, life, disability) and analyze what types of coverage, and how much of it, you should have. We can also help you decide if long term care insurance is appropriate for you. Investment Review We follow a disciplined, objective methodology in evaluating your portfolio. This is done through Main Street Financial LLC , a registered investment advisor which works on fees only. We accept no commissions and we have no investments to sell. Our recommendations are made only after a careful review of your personal risk preferences and investment needs. Other financial issues We are also available to advise you on other financial issues such as budgeting for the household, consumer debt reduction, and divorce related issues (pre-divorce & post divorce planning). Call us at 914-242-0553, use our contact us form, or send us your e-mail to find out more. |
