Cash Flow & Budgeting
Make The Most of Your Income
A strong financial plan starts with understanding where your money goes—and making sure every dollar serves a purpose. We help you take control of your cash flow by creating intentional, tax-efficient budgeting strategies designed to make optimal use of your various income streams.
Navigate Comp Confidently
It can be hard to keep track of every component of your compensation, and it can be even harder to incorporate each component into your financial plan in a tax-efficient way. We can help demystify your comp so that you can focus on earning it.
Salary and Hourly
Your base W-2 or 1099 income likely helps you cover your regular expenses and contribute to short, mid, and long-term savings. We can help you budget to help you meet and possibly exceed your financial goals.
Bonus and Commission
Income from bonuses, commissions or other less regular income steams can cause unexpected tax consequences or regrettable spending. Speak with our team to build a plan that is designed to keep more of this money in your pocket so you can stress less.
Employer Stock & Options
Equity compensation such as employer stock, options, and restricted stock units, can be confusing to navigate. If employer equity is part of your compensation and/or retirement plan, you will need to plan carefully around potential taxable events, special company rules, and vesting schedules. Schedule a meeting to go over your compensation package with a professional and discuss the options available to you.
Turning On The Right Faucets
If you’re planning on taking income by selling off securities and/or taking distributions from retirement accounts, you will need to plan carefully to navigate potential tax consequences. Consult with our team to build a plan for how to take income efficiently.
Qualified Accounts
Retirement, or “qualified”, accounts typically incur ordinary income tax upon distribution, and also typically incur an additional tax penalty on distributions made prior to age 59 and 1/2. However, in some special circumstances, earlier distributions can be made without incurring a penalty. Consult with our team to determine when and how you may want to consider taking distributions.
Non-qualified Accounts
Non-qualified accounts are not tax advantaged, and can incur taxes from interest, dividends, and capital gains. Non-qualified investments are sometimes used by individuals to “bridge the gap”, providing income during early retirement years before qualified accounts can be accessed penalty-free. Consult with our team to discuss integrating cash flow from non-qualified accounts into your financial plan.
Maximize Lifetime Income
Some financial products include options to help you reduce financial risk by providing you or your beneficiaries with options for a stable stream of income for life, or over a specific length of time, subject to product conditions.
Pension Income Strategies
Pensions can be tricky and complex financial vehicles. If you are planning on receiving income from a pension in retirement, you should speak to an advisor about the options available to you when planning with pension income.
Managing Your Wealth
Different financial products can help you work toward a variety of financial goals, including retirement and estate planning, as well as education funding. You should be aware of the risk/return potential of any financial products you consider purchasing and select appropriate products based on your goals, comfort with risk, timeline, and a product’s fees and tax considerations.
Our Wealth Management Advisors can guide you through the growing number and complexity of available options. It is our job to ensure your financial plan fits your short- and long-term financial goals.
