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Financial Planning

Financial Planning


Our Financial Planning approach is customized to each client 


At Success Wealth Management, we look beyond the numbers to truly understand our client's financial situation.  Some of the things we wholly examine are:
  • What Assets have you earmarked in order to meet your financial goals?  What vehicles have you invested in and what is the taxation of those assets now, every year, and in the future?
  • What Liabilities do you have?  Have you projected-out exactly when they'll be paid-off? Are your debts tax deductible or not?  Do you have a game-plan to pay them off in the most effective manner? 
  • We don't just look at how much income you make but where it comes from.  It is important to understand the sources of your income (salary, bonuses, pensions, shareholder distributions, self-employment, alimony, child-support, dividends) or where they may come from in the future because the taxation of these sources may be completely different from one another.
  • What is your current State of residence or do you have plans to reside elsewhere in the future?  This needs to be looked at and accounted for when we analyze your situation.  For instance, if you live in NYC and your income is subject to three levels of income taxation (ouch!) but your goal is to move somewhere in Florida in retirement, shouldn't we accurately project the impact of this lower taxation when planning your retirement?
  • What are your current financial obligations (fixed and discretionary expenses)? Sometimes a properly planned budget is the first step to get them on track to reach their financial goals.

Simply put, every client we work with is unique, just like their fingerprints- therefore the advice we provide to each of them is tailored to help that specific client pursue their goals.  

Whether your goal is planning for a comfortable retirement, planning for your children's college education, or even saving for that vacation home on the beach, at Success Wealth Management we'll be honored to be of assistance in your financial planning needs.

We focus on three phases of Financial Planning: 

  • The Accumulation of Assets Phase
  • The Distribution of Assets Phase 
  • The Preservation of Assets Phase

What does Financial Planning entail?

  • Creation of a comprehensive Financial Plan
  • Assembly of your assets and liabilities
  • Strategies to Boost your Social Security options
  • Best Approach to Adjustable Retirement Account Withdrawals 
  • Calculation of contributions limit and IRS Required Minimum Distributions (RMD's)
  • Estate planning maximizing various retirement options as well as Stretch IRAs legacy planning
  • Family Gifting, Charitable Trusts, Donor Advised Funds, Special Needs Trusts, etc.
  • Business Succession Planning & Exit Strategies
  • Real Estate Advice - income properties, tax strategies & home purchases
  • Evaluation of your retirement plan and government/pension benefits
  • Review of current investments
  • Effective Tax-Diversification strategies 
  • Review of your Estate Plan such as Wills and Trusts
  • Child Education Savings Accounts (529 Plans, Educational IRAs, Pre-Paid Plans, etc.)

What tools do we utilize? 

  • Fee-based asset management services
  • Customize your portfolio from of a variety of investment options: Stocks, Bonds, no-load Mutual Funds, ETF's (Exchange Traded Funds), Real Estate Investment Trusts (REITs), Business Development Companies (BDC's), Annuities, and MLPs amongst others.  Because we are "Independent" advisors, we have access to some of the top Third Party Money Managers in the industry.
  • We conduct a thorough due diligence process to select only those investments that reflect your Risk/Reward profile.
  • We concentrate on tax efficient investing
  • We utilize a eMoney's emX Pro, the most sophisticated, financial planning software with aggregation capabilities to properly account and best service your entire portfolio.  Whether it be the accounts you've entrusted us to manage or those that may be held elsewhere, (such as your employer-sponsored 401(k)) it is important to always know how each individual piece of the puzzle fits together.

Because of the ongoing changes in our personal lives: we get promotions, switch jobs, get married (unfortunately sometimes divorced), have kids, become empty-nesters) as well as economic changes,  Financial Planning is an ongoing process that requires monitoring and adjusting of your originally designed game-plan.


Our service assesses your financial fitness via:

  • Ongoing updates to your financial plan
  • Close tracking of every detail of your personal financial situation
  • In-depth reports
  • Taking you through the investment process (2-3 meetings to educate you about your investments)
  • Periodically check your asset allocation to ensure that it is within the limits 
  • Access to Web-based retirement planning tools
  • Implementation of the recommendations within days after engagement 
  • Answers to all of your financial planning-related questions


Projecting your income sources:

  • Social Security: get estimates of your retirement, disability, and survivors benefits. Additionally, you can use Social Security to get your earnings record and the estimated Social Security and Medicare taxes you’ve paid.
  • Pensions or possible inheritances.
  • We’ll assess if you’re saving enough with retirement scenario calculations.
  • Value of real estate, personal property, antiques, art, jewelry, gold, collectibles, business interests, etc.
  • Annuities, Life insurance values, and income from investments and retirement funds including, stocks, bonds, trusts, etc.

    Deciding when and where to retire is one of the most important decisions of our lives. Alternatively, if you're already retired, you should continue to reassess your situation and be ready to adapt to changing conditions as well as your changing aspirations. There are many considerations in which professionals are best equipped in helping plot the best course of action for planning your goals.  We can assist you with defining and quantifying what you want to do in retirement, determine retirement income income needs, evaluate long-term care costs, take inventory of your assets, figure out your health insurance, effects of downsizing your home or relocating to a retirement community, make a plan, etc.

    Top retiree regret? Procrastination.  So what can investors do to improve the odds of retiring earlier?  Invest more, sooner and max out your contributions to the tax-deferred accounts, avoid high credit card balances, invest your money wisely with reasonable returns, don't take unnecessary investment risks, have suitable mortgage terms (if any), budget your savings (don't borrow from your future with high luxury expenses), plan early for child education costs (529s, Educational Accounts) and make a financial roadmap with a financial advisor that helps you become educated and guides you along the retirement pathway.  


Contact us 
for a complimentary consultation at (813) 387-6867 or e-mail us at [email protected]