Taxes

• Tax Planning
  Running projections and discussing tax-saving strategies are pivotal steps for optimizing your business’s financial future. There are many benefits to having tax planning meetings between your financial advisor and your tax advisor. Use the months in between tax deadlines to review your business projections, estimated profits, and tax liabilities. Be sure you are making timely estimated tax payments. Take these proactive measures to build a solid foundation for your business...
• Charitable Giving
  Making charitable contributions has multiple benefits. Not only are you giving back and contributing to important causes that you feel passionate about but you are also benefiting when it comes to taxes. The following are important deadlines to keep in mind for charitable giving for the 2023 tax year.
• Estate Taxes
• Roth IRA
  A Roth conversion involves converting eligible traditional IRA assets into a Roth IRA account. This can be a good strategy for those who want to lower their tax bracket in retirement and expect to have high RMDs, or required minimum distributions, that would bump them into a higher tax bracket. Keep in mind that the whole balance of the traditional IRA doesn’t have to be converted all at one time – it can often be more tax efficient to only convert portions of the traditional IRA to a Roth IRA to manage your tax bracket. The date for converting these assets is December 31, 2023.
• Tax Deductions
  With a DAF, you don’t have to spend from the account in order to realize the tax deductions from your donations. The tax deductions are calculated based on what you contribute to the DAF that year, not what you spend out of the DAF. This means that you’ll have plenty of time to consider how you want to spend those funds without risking losing tax deductions in a certain year.
• Income Tax
  Cashing out a 401(k) is typically only a good option in emergencies unless you are retiring. A 401(k) is tax-deferred so that money will be taxed when you cash it out at your current income tax rate. In addition, there’s a 10% penalty if you cash out the account when you’re younger than 55 (if you’re not working) or 59 1/2 (if you are working).
• Capital Gains Taxes
  If you make a donation directly to a charity, you’ll often have to make the donation in cash. With a donor-advised fund, however, you can choose to donate a variety of different assets to the account, including stocks and real estate. Those contributed assets count towards the total amount in your fund, which can then be redeployed to your preferred charities whenever you wish. For example, those with large capital gains on an individual stock that they would prefer not to recognize for tax reasons can choose to donate the stock to a DAF, potentially receiving the tax deduction and avoiding the capital gains taxes.

Investment

• Investment Management
  We believe outsourced investment management isn’t in the client’s best interest, so it doesn’t align with our values or company culture. Co-founder Jason Martin focuses his time and resources on investment management, while growing his team of financial analysts as our clients’ needs grow.
• Mutual Funds
  As active asset managers, we make immediate and prudent decisions ensuring timely changes to your portfolio. This service is advantageous for those who do not want to be burdened with the day-to-day emotions of money management. Our team helps determine what mix of stocks, bonds, mutual funds, gold, ETFs, real estate, is right for you.
• Bonds
• Wealth Management
  Jason Martin, CFP®, CMT is the CIO & Co-Founder of AllGen Financial. He draws on his 20+ years of experience in wealth management to lead AllGen’s Investment Management team and help clients achieve Financial Freedom.
• Money Market Funds
  Below we examine retail money market fund balances that represent the amount of cash in retail brokerage accounts sitting on the sidelines. It also can represent investors who have sold out of their investments and replaced them with money market funds. Notice how recently there has been a spike in which money market balances went from $1 trillion to $1.7 trillion in nearly a 1-year period. As markets start to look better, extra cash on the sideline can be “fuel to the fire” where potential buyers push markets higher.

Accounting

• Accounting Services
  A self-directed IRA (whether traditional or Roth) allows you to have more options for what kinds of investments you want to include in your IRA, including tax liens, private placements, and real estate. These are not as common and are only offered by a few institutions as they require more bookkeeping, depending on the types of investments held.
• Bookkeeping Services

Planning

• Financial Planning
  We start the journey by giving you the gear you need and by teaching you the fundamentals of financial planning. By understanding what you own, what you owe, how much money you have coming in and going out, we will arm you with the knowledge to make better financial decisions for a lifetime.
• Retirement Planning
  Do you need retirement planning? Do you have investments? Do you have young children? Do you pay high taxes? If you answered YES to any of these questions…
• Annuities
• Long Term Care
  We can help you protect your assets and income streams from your ongoing expenses. From health care needs, to long-term care, to spending plans, to pension maximization, we can help.
• Asset Management
  AllGen develops diversified portfolios for clients by incorporating investments of multiple asset classes and sectors. We strive to optimize risk and reward through proper asset allocation, diversification, and strategic rebalancing. These strategies have historically reduced risk in portfolios over time. For more information, you can review our blog and video about rebalancing.
• College Funding