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not by default not
We Are Committed To Helping You Pursue Your Long-Term Financial Goals
What does your retirement dream look like? Is it adventure? Spending time with grandkids? A part-time work schedule, volunteering, or a new career in a different industry? The flexibility to slow down when you are ready?
To achieve these future goals, it is crucial to plan today. We will help you understand the retirement puzzle, the right questions to ask, and the issues to cover so that you can achieve financial independence without any hiccups.
Zinnia Wealth Management strives to ensure clients have the financial security to Live by Design, Not by Default. Our group concentration is on four essential retirement planning strategies: Protection of Your Health Care, Financial Security, Planning Your Estate, and Preserving Freedom of Choice.
Setting up your Investment Plan takes goals, calculation, investment strategy, and the creation of an investment policy statement. Investment planning is the process of matching your financial goals and objectives with your investment resources.
The basics of investment planning are establishing goals, understanding risk tolerance, and appropriately allocating assets. A successful plan encompasses all of these components and more.
Your short and long-term goals and your overall estate are the driving forces behind an investment plan. We work with you to determine investment strategies that fit with the other elements of a well-rounded, comprehensive plan.
One definition of risk management is the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact. Did you feel the 2008 market hit? Were you wondering why you had to call your advisor to tell them to sell? Knowing your exit strategy is one of the most important components to risk management. It’s crucial that we implement these conversations to ensure that everyone is on the same page and that a plan will be enforced. Trust and transparency are key in planning your exit strategy, but understanding it is the most important. We offer a comprehensive risk analysis to make you are not taking too much risk for the reward you might be receiving.
Find ways to help create a strategy that defers, manages, and reduces taxes.
Tax-Loss Harvesting is when you sell an investment, like a stock or bond, for a loss and use that loss to offset realized capital gains from other securities or other income. Tax-Loss Harvesting can be a useful way to help you keep more of what you earn. Each taxpayer is allowed to use capital losses to offset capital gains and can use any remaining losses to offset up to $3,000 of ordinary income each year. Any losses not used in a given tax year can be carried forward and used in future years. So selling losing investments and using those losses to offset gains can be used to reduce your tax bill.
Most people experience investment losses from time to time, and if handled properly, the strategy can potentially improve overall after-tax returns. The challenge is that a systematic Tax-Loss Harvesting strategy requires disciplined trading, diligent investment tracking, and detailed tax accounting. It’s important to consult a financial advisor and CPA because you need to be aware of the wash-sale rule, which could get you in trouble with the IRS if not considered.
Tax Deferral Investing is a way to take after-tax money and invest it without having to pay the short-term or long-term capital gains tax on it until you decide to withdraw it from this type of account. If you don’t qualify for an IRA or don’t have the opportunity to create a 401k, then this is a viable option.
Tax-Free Income Planning can help offset future taxes in case legislation raises tax rates during your retirement. There are a few instruments for tax-free income planning, and the key to success is starting early enough so there is enough time for the investment to grow through Roth IRA contributions, Roth IRA conversions, or maximized life insurance contracts.
TAX MANAGEMENT – FEE STRUCTURE PLUS
Fee structure plus is an innovative tax management program for attorneys working under contingency fee agreements. This program offers plaintiffs and attorneys a unique alternative to traditional structured attorney fee options.
Fee Structure Plus allows attorneys to have their contingency-based attorney fees placed in a program that will enjoy market-related returns.
The introduction of Fee Structure Plus represents the next generation of structured attorney fees. In addition to tax deferral on contingency fees, deferred funds may be allocated to market-related investment portfolios. Attorneys and plaintiffs can select a passive or active investment management approach using a respected trust company.
Through our consultation, we can walk you through the simple process of setting up this more effective method.
Planning your legacy can have many moving parts and can be quite complicated. It’s important to make sure you have your estate plan worked out or your money could be going to someone you didn’t plan for it to, and you could have more taxes than planned due to estate taxation.
Deciding on a will or a trust? It’s important to understand why you would need one or both as part of your plan.
Deciding whether you should turn your life insurance policy into an irrevocable life insurance trust (ILIT) to reduce estate taxes? These are small details that must be considered when creating an estate plan.
After discussing your goals, we will analyze the existing pieces of your plan to identify gaps and issues that could inadvertently trigger probate action and tax exposure. A well-designed plan can alleviate anxiety and secure your legacy for generations to come.
Should you add annuities to your retirement income plan or not? This is not a cookie-cutter approach and doesn’t fit everyone’s retirement needs. Learn how annuities can help generate a stream of income or increase your current savings. Annuities are investment products that may be used to help you increase savings, protect your savings, or generate a stream of income. The four types of annuities are:
- Deferred Annuities offer tax-deferred growth potential, with underlying investments that can be fixed or variable.
- Immediate Income Annuities can turn a portion of your savings into income for either the rest of your life or a set period of time, starting immediately or at a later date.
- Variable Annuities provide no safety when the market goes down and charges excessive fees. This type of annuity can provide an income stream if needed and a death benefit if you pay an extra fee.
- Fixed Index/Hybrid Annuities give you more flexible growth and income options than the deferred or immediate annuity with little to no fees or loss to the account value when the market goes down.
These annuities can turn a portion of your savings into a guaranteed income stream, starting on a date in the future. Some allow access to assets before or after income payments begin. Some are only for growth in case you are not interested in income, but more tax deferral and conservative growth without the worry of fees or a market crash lowering your account value.
If you own an annuity, a tax-free exchange to one of our companies may help you accumulate more for retirement with lower fees. If you have a penalty, there is a likelihood we can find another company that suits your needs that will offer a bonus so you still start out ahead of the game with the move.
WHO IS THIS APPROPRIATE FOR: Investors who want to increase their tax-deferred retirement savings beyond the contribution limits of an IRA or 401(k), with the ability to invest in a wide range of investments potentially without fees, including equity, bond, fixed and index funds. There is not a required minimum distribution at age 73 like with other retirement accounts or IRAs. This is a good option for tax efficiency and estate planning.
You have grown your business and now it’s time to retire it well. We offer a step-by-step comprehensive and tax-efficient approach to retiring your company. We offer structures to defer taxes through a 1031 and other tax-efficient options to keep as much of the business profits in your pocket without having to pay Uncle Sam a huge capital gain.
Building your company took drive, creativity, and execution, so let us take the stress out of retiring it. Business owners are unique in the additional challenges they face when planning their estates and our job is to help you navigate buy/sell agreements and Structured Installment options.
We help business owners determine the most effective company structures to reduce liability exposure and solve income, estate, and asset preservation issues.
Many people who own highly appreciated investment property feel trapped from cashing out due to the high tax bills they face on their gains. Passive real estate investing allows owners of real estate to sell their investment real estate and potentially defer capital gains taxes through the use of Delaware Statutory Trusts (DSTs).
DSTs are an investment vehicle for investors who want the benefits of owning real estate without becoming a “landlord,” as well as current real estate investors who no longer want the responsibilities of being a landlord.
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