- Tax Planning® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format. Based on regular research of what planners do, the exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management and insurance.
- Charitable GivingWe also offer a full array of trust structures, including charitable-giving tools that may feature tax advantages. Whether your goal is to minimize estate taxes, help ensure you have the funds you need down the road, provide for a loved one or spell out exactly how you want your wishes to be carried out, we can help.
- Estate Taxes
- Tax Services
- Tax DeductionsThere are many ways to make charitable giving part of your overall financial plan, each with its own level of control and tax benefits. Some options provide immediate or future tax deductions while others can provide a continuous income stream. In any case, our goal is to help ensure tax-efficient giving so that your estate or charity of choice receives the most benefit from your gift.
- Income Tax*Certain conditions may apply. Earnings in 529 plans are not subject to federal tax, and in most cases, state tax, so long as you use withdrawals for eligible education expenses, such as tuition and room and board. However, if you withdraw money from a 529 plan and do not use it on an eligible education expense, you generally will be subject to income tax and an additional 10% federal tax penalty on earnings. Investors should consider before investing, whether the investor’s or the designated beneficiary’s home state offers state tax or other benefits only available for investments in such state’s 529 savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. 529 plans offered outside their resident state may not provide the same tax benefits as those offered within their state.
- Investment ManagementThe IPS is a formal, written document that governs your investment management process. CFS will create a customized IPS and provide ongoing monitoring to remain compliant with federal regulations.
- Mutual FundsNo. Most plans utilize mutual funds that pay commissions or other forms of compensation to the broker. Ultimately, these fees come out of your pocket.
- Wealth ManagementThrough decades of providing private wealth management to individuals and families, we have honed a methodical way of collaborating with clients. Our process consists of the following six steps...
- Accounting Services
- Financial Planning® certification process that includes demanding education, examination, experience and ethical requirements. These standards are called “the four E’s,” and they are four important reasons why the financial planning practitioner you select should display the CFP
- Retirement PlanningOur retirement planning division offers you a state-of-the-art, customized, full-service program designed to help you meet your fiduciary responsibilities and provide an appropriate number of diverse investment options for plan participants.
- AnnuitiesThen, we tailor your financial plan to prepare for the unexpected, which could include preserving your estate with long-term care insurance, building a protective cushion with life insurance, and combining protection and tax-advantaged growth opportunities with annuities. Working together, our team helps you preserve your overall financial plan, your way of life and your confidence in reaching your goals even when the unexpected happens.
- Long Term CareOne of the risks we all face, regardless of age, is the potential for sudden illness, disability and, subsequently, the need for long-term care. All of these have far-reaching effects not just on your health, but on your way of life, your ability to earn income and on your overall finances.
- Asset ManagementInvesting involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation.
- College FundingWhen you invest in potential, you’ll do more than help make the dream of education possible for a student in your life. You could provide the inspiration for a legacy of higher learning that’s passed on for generations to come. What’s more, the funds you contribute have the ability to grow tax-deferred, and eventually be withdrawn, tax-free.*