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Safe Money Savings
Many of our clients no longer want to have their money exposed to risk.   We certainly understand this sentiment and look for ways to help. Our clients appreciate the tax deferral, the guarantees offered by the strength of the Insurance Company issuing the contract as well as the probate avoidance.  If you have low interest Certificates of Deposit or are tired of losing money then this alternative is worth considering.   

College Funding

For many of you trying to manage the maze of regulations, forms and funding alternatives can be a complicated process. We eliminate the stress by partnering with you and the college bound student. We give you a road-map to follow to get you from the ninth grade to your sophomore year in college. We complete all the aid forms and position your assets to maximize the aid you could qualify for.

Estate Planning Analysis

The IRS gives each of us a tax credit to reduce the burden of estate taxes.  Using this credit allows you to pass significant assets to your beneficiaries free of estate and gift taxes.  However, taking full advantage of your credit can often be a complicated matter.  The analysis considers the possibilities and recommends a strategy that best satisfies your individual needs. 

Multi-generational IRA Planning

Giving your children or grandchildren the opportunity to benefit from your years of savings is a laudable goal.  The problem is that most people do not realize the tremendous transfer tax issues involved in passing on an IRA to your children or grandchildren. They inadvertently end up benefiting “Uncle Sam” by having improper beneficiary designations. You have the opportunity to “Stretch Out” your IRA and maximize the tax deferral.  This is not automatic and requires you to make the right choices; we can help.  Get your personalized report outlining the impact of using this technique to transfer IRA’s to your heirs. 

Retirement Planning Analysis

A growing concern for many retirees today is will I have enough income to live comfortably for the rest of my life.  Questions like How long will my nest egg last?  Will I have enough income so I won’t be a burden on my children? Or even How do I keep up with inflation without risking my money? Can be difficult to answer.  Regardless of the kind of retirement nest egg you have accumulated, the first step in answering these questions is to determine your financial goals and establish a plan for accomplishing them.  We can help you formulate a retirement income plan that allows you to maximize your income while accomplishing your other goals. Take action today by employing a powerful state-of-the-art financial analysis tool to help you make your golden years more golden.

Risk Analysis

It is likely that at some point you have experienced a negative return on your investments.  That downturn may have been more than you are comfortable with.  Our Risk Analysis will review just how risky your money is so that you can decide how best to handle the risk.  We can't give you advice on your stock market investments but if you are concerned about the risk then there are options that you will need to be aware of.  Our Risk Analysis can help you find the optimal mix of guarantees vs. no-guarantees that could assist you in meeting your long-term financial goals. 

Long Term Care Expense Planning

For many people this is something they think will only happen to someone else.  Our analysis will show you ways to use innovative strategies to protect yourself from the cost of long term care but also keep your money in the event you never need long-term health care.  Don’t hesitate to ask for your own customized plan that will show you how to preserve and protect your assets. 



Philip L. Richardson, CFP, MS
Toll Free: 1 (800) 625 9725
Philip@SeniorTaxStrategies.com

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Tax Preparation and Tax Reduction Strategies for Seniors!