INDIVIDUAL FINANCIAL SERVICES

As we work through our stages of life as a family member gets older, they may need some help with their day-to-day finance's assistance. Supporting simple tasks such as balancing a checkbook and paying household bills become increasingly difficult for the elderly. Making sure the monthly finances are properly monitored and tracked. Having a professional personal finance assistant can definitely make a difference and may want to consider hiring a professional to help. 

Professionally organized month-to-month and year-end financials will give a bigger picture view of the current financial status of an individual or family.

Working with individuals and families in all stages of financial coordination in their day to day lives through retirement planning, we offer a wide array of services, including:

 Income - Expense planning is a critical element of living comfortably. 

• Reviewing and paying household bills, budgeting, and record keeping.
• Assistance with check writing and checkbook balancing.
• Making sure money is received, receipted, and deposited.
• Offering second opinions regarding household issues and unexpected situations.
• Handling day-to-day financial transactions such as home repairs, routine maintenance, and emergency medical expenses.
• Arranging proper level of care, transportation, and caregiver assessment.
• Preparing, planning, and filing income, trust, gift, and estate tax.

As clients approach retirement, many have a number of questions regarding Social Security. How much will my income benefit be? How do I maximize my benefits? When should I begin taking Social Security? We understand the complexities of Social Security and have the resources to address our clients’ questions.

• Coaching/Addressing questions about different lifestyle living.
• Providing informational workshop about Social Security.
• Reviewing different Pension plans.
• Reviewing Medicare Advantage Plan Benefits.
• Understanding in-depth about Long-term care insurance.

Many clients transitioning into retirement are focused less on taking risks and focused more on managing and preserving their wealth. We help clients analyze their income sources and determine how to match them with future expenses.

• Planning retirement account distributions and safeguard against improper disbursements.
• Reviewing personal, financial, and legal documents to determine what missing and assist in organizing all legal documents.
• Working with their investment advisor by ensuring that investment portfolio and other assets are aligned to their financial goals.
• Preparing an inventory of personal assets and investments.
• Identifying and planning their retirement income, needs, and goals.
• Determining current and long-term cash flow needs by analyzing income and expenses.

Many individuals, couples, and families don’t just want to make their assets last for their lifetimes; they want to leave a legacy for their heirs. However, the financial side of estate planning is often overlooked and can have a significant impact on one's family. We can assist clients in articulating their estate planning needs and coordinate the work of other professionals who may be needed, including attorneys and CPAs. 

As individuals age, the need for insurance may increase. Products like life and long-term care insurance and indexed fixed annuities are ways individuals can protect their families and assets. With so many available programs and plans, it can be difficult to determine an appropriate solution. We can help clients determine appropriate options.

We encourage you to reach out today if you or someone you know needs assistance with their retirement or 401(k) plans.

Planning for the future is important, individual and caring for our elders are crucial to maintaining their independence and financial freedom.   

Contact us today for more information.

Kay Carreon