Accumulation 

In today’s world, there are common needs and desires people seek to accomplish. To protect their ability to earn and accumulate wealth, many people choose to hold insurance — as well as maintain an emergency fund — to guard against depleting savings that are intended for other goals.

Accumulation planning covers your individual investment needs, asset allocation and the suitability of basic securities such as stocks, bonds and mutual funds. Separately managed accounts, indices, option strategies, short-term assets and annuities are also used to optimize your portfolio.

Some situations require different expertise than typical stock and bond portfolio implementation. These situations usually pertain to employer-related retirement plans and stock options, margin strategies and real estate exchanges.

Most investors understand that as risk increases, the potential for return also increases. But there is a point for every individual where the level of risk is not worth the potential of return. The goal of asset allocation is to provide you with the risk/return scenario that is most comfortable for you.

Retirement Planning

At Whitesell Financial Group, LLP, we’ve found that most people are not concerned with being wealthy — they simply want to avoid ever being broke. Our goal is to help make sure your retirement wishes are fulfilled — as well as protected — from any unexpected ailments or obstacles.

The distribution of accumulated assets is at the heart of any retirement plan. By implementing an individualized distribution method, we’ll help make sure your retirement savings last beyond your lifetime.

From premature distribution options to products that provide stable monthly payments, distribution planning is a key way we’ll help you build a successful plan for your exit from the workforce.

Estate Planning

Estate planning creates a master plan for the management of your property during life and the distribution of that property after death.

Estate planning will:

• Give you more control over your assets.
• Provide care as you age.
• Enable wealth transfer.

Our process does not end with estate planning, but rather coordinates with your comprehensive financial plan for your business(es), investments, insurance policies and more.

Risk Management

Asset protection planning manages risks to your wealth. Lawsuits, accidents, property damage and other financial risks are facts of everyday life, and asset protection planning looks to transfer the risk of these events through:

• Insurance.
• Repositioning asset ownership.
• Other protections available under the law.

Business risk management carries its own set of risk exposures. Certain factors can have a huge impact on how safe your personal and business assets are from risk. These include:

• The type of business entity you choose.
• The state you choose to do business in.
• How you manage your business.
• Your human resources.
• Your taxes.

Personal risk management identifies your options for handling these risks. Both genetics and lifestyle affect your risk profile. Being overweight, eating poorly, failing to exercise, smoking, driving unsafely and not wearing a seatbelt will increase your insurance premiums. On the other hand, making healthier lifestyle decisions can help reduce your insurance premiums.

Although you have no control over your genetics, you do have control over how you live your life. Educate yourself on how making healthy choices can not only improve your general health and wellness, but can also have a direct impact on your healthcare costs.

Succession Planning

Succession planning focuses on issues specific to business owners and shareholders. At Whitesell Financial Group, LLP, we believe, morally and ethically, that a business should be prepared for the disability or death of its owner(s). If you, as an owner, become unable to operate your company, do you know what would happen? Would your family, co-owners and/or employees know what to do? Would your business survive without a succession plan?

For most business owners, the business is their most significant asset, and the financial success of that business has an immediate impact on the economic security of their family. Without proper planning, you may have difficulty tapping into the value of your business to support your retirement, or your family may lose the value of your business at your death. 

Succession planning is a key aspect of our business. Our goal is to help business owners just like you to identify possible risks and develop strategies to reduce or alleviate those risks.

Taxation

A major goal of tax planning is to minimize federal and state income tax liability. This can be achieved by:

• Reducing taxable income through income deferral or shifting.
• Deduction planning.
• Investment tax planning.
• Year-end planning strategies.

If you give away wealth, during life or after death, you may incur federal taxes — and possibly additional state taxes. These taxes include gift, estate, income and inheritance taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.

Tax issues are never far from the mind of the business owner, and it's likely that many of the decisions you make will be tax-based. It all starts with the formation of your business and continues throughout the sale. The type of business entity, how you pay out profits to the company owners and your accounting decisions all affect your tax liability.