CSR FINANCIAL SERVICES
Financial Planning For Life
Our clients bring their financial questions to us. “I’m retiring, now what?’ “Will I have enough to retire?” “What if my health declines?” “What will happen to my spouse?” “How should I pay for college?”
Whatever financial transition you are facing, we can help you with comprehensive planning for every phase and stage of your life.
Accumulation
Accumulation planning aims to help grow your wealth. We'll work with you to determine your right mix of investments. Asset allocation is used to distribute your investable assets in a way that helps to optimize your wealth while staying within your risk comfort zone.
Your portfolio may include stocks, bonds, mutual funds, separately managed accounts, short-term assets, annuities, and other strategies.
We'll work with you to find the appropriate investment strategies to help meet your goals.
Risk Management
In every phase of life, there is some risk. Risk management planning is designed to help reduce the negative impact that unforeseen events can have on your personal and professional liability, business ownership, property, and health.
We can work together to help you identify these risks to your personal and business assets. We can use insurance, repositioning asset ownership techniques, and other proactive strategies to form your defense against common risks.
Business owners face unique challenges. We can use additional tools and techniques like business structuring, asset management, and accounting practices to help reduce the risks to your business.
Retirement Planning
Retirement planning includes accumulation planning as well as planning for the distribution of your savings throughout your retirement. A successful plan may include personal savings, qualified employer-sponsored retirement plans like a 401(k) or pension plan, IRAs, and executive deferral options. Your personal retirement plan may also include things like investment income, shareholder dividends, and other forms of non-active income.
By addressing your retirement accumulation and distribution needs, we can help you feel more confident in your ability to retire comfortably.
Business Planning
Your business can have a big impact on your personal finances. Without proper planning, it can be difficult to tap into the value of your business when you decide to retire. Business planning strategies seek to help you retain the value of the hard work you've put in.
There are several factors unique to business planning that we can help you with. Executive compensation and profit distributions to owners and shareholders can dramatically change income tax liability, depending on how it's structured.
Succession planning for your business can also help you prepare for retirement and address potential risks. We can help you identify key issues in business planning and understand the financial implications involved.
Taxation Planning
There are a number of legal ways to minimize federal income tax liability. Income deferral, deduction planning, investment tax planning, and year-end tax planning strategies can make a big difference in your overall tax bill. When it comes to investing, we can help you understand the tax implications of various investment strategies, which can impact your planning.
Business owners have their own distinct tax challenges. Whether you're concerned about federal income tax, investment tax, business tax, or estate tax, we can help you understand how your financial planning impacts your taxation.
Estate Planning
Estate planning creates a master plan to help ensure your wishes are fulfilled, even after you're gone. Estate planning will help determine what will happen to your assets after your death, transfer your wealth where you want it to go in the most effective way, meet charitable or philanthropic goals, provide care if you become disabled, and protect your assets.
Estate planning can help you address special concerns or issues, minimize potential taxes, and protect your assets from creditors or liability. We can help you understand these complex matters and work with your estate planning attorney so that they can create a plan that fits with your overall goals and objectives.