Financial Planning

·        Do you have adequate insurance coverage?  Many individuals have either too much or too little insurance.  As we age, our insurance needs change.  We can work with you and your insurance agent to evaluate your current policies and make recommendations for increases or decreases in coverage.  

·        Have you determined how to finance your children or grandchildren’s college education?  There are various tax-advantaged ways of saving for a child’s college costs, some of which could have adverse effects on financial aid eligibility, as well as tax credits and deductions for tuition payments.  We can assist you in determining your overall best strategy.  

·        Do you have clearly defined financial goals and a plan to reach them?  As life expectancies increase, it is becoming increasingly important to plan for retirement.  Social security benefits will likely cover only a portion of most retiree’s annual expenses.   We can assist you in evaluating your current resources and in developing a plan for reaching your retirement goals.  

·        Do you know that all adults should have a written will?  Wills should be reviewed periodically and revised to reflect changes in tax laws and changes in one’s personal situation.  We can work with you and your attorney to insure that your will reflects your personal wishes for the disposition of your assets and takes advantage of the latest estate and income tax planning opportunities.