Holistic Financial Planning

Financial Planning

By developing a financial plan, you and your family will have a better understanding of your current financial situation. In addition, you will determine your goals around retirement, education, and protection. Implementing a plan will also help you have the necessary financial resources set aside to fund your goals as well as reducing the effect of unexpected events, such as disability, premature death, etc.

Considerations:

• Income & Tax Strategies
• Estate Planning/Wealth Transfer
• Retirement Planning
• Education Planning
• Risk Management

Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA.  Consult them for specific advice on legal and tax matters.

Investment Management

We assist our clients in implementing comprehensive experienced strategies investment research into their actual portfolios. While constructing our portfolios we take into account the overall plan including expense ratios, tax efficiency, time horizon and overall goals.

Considerations: 

• Portfolio Analysis on Current Investments
• Cash Management Strategies
• Alternative Investments
• Academic Equity Strategies
  
• Cost Conscious
• Tax Aware

Tax Strategies

A Major Component in Achieving Your Long-Term Financial Goals is to Successfully Minimize Your Tax Burden

Tax considerations affect virtually every financial decision you and your family make. We assist you in designing and implementing tax-sensitive strategies to help minimize the tax burden associated with accumulating wealth. We will align this strategy with your personal estate and philanthropic plans and, with the assistance of your tax and legal professionals, we will provide alternative structures to deliver tax advantages. 

Considerations: 

• Liquidity Analysis
• Pre-tax Contribution Plans
• Tax-free Investing
• Tax-deferred Investing
• Coordination of Financial Data with clients’ CPAs/Accountants
• Closely Held Business Tax Planning
• Friendly Professional Corporations

Any discussion of taxes is for general information purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.

Risk Management

Protecting Your Wealth and Legacy Against Unforeseen Events is of the Utmost Importance

A properly structured risk management plan can provide:

• Peace of mind of knowing that you are prepared for your financial future
• Security for loved ones in the event of death, disability, or need for long-term care
• Protection for your assets, income, and business

Considerations:

• Life Insurance Solutions 
• Long Term Care Insurance
• Disability Income Insurance
• Property & Casualty Insurance
• Planning for Incapacity and Disability
• Special Needs Planning
• Domestic Asset Protection Trusts
• Limited Liability Companies
• Access to Trust Company (1 million minimum)

Consult your own personal attorney, legal or tax counsel for advice on specific legal and tax matters.

Estate Planning

Developing an Effective Estate Plan is One of the Most Important Things You Can Do For Your Family

Your estate plan should be structured to achieve your personal objectives and maximize wealth passed on to heirs and charities while minimizing taxes and other expenses.

Considerations:

• Dynasty Trusts
• Charitable Remainder Trust
• Charitable Remainder Unitrusts
• Charitable Lead Trusts-Private Foundations
• Lifetime Gift Planning
• Charitable Planning
• Family Limited Partnerships, LLCs & S Corporations
• Irrevocable Life Insurance Trusts (ILITs)
• Wills
• Beneficiary Designations
• Financial Power of Attorney
• Health Care Power of Attorney
• Health Care Directives
• Revocable Living Trusts
• Testamentary Trusts
• Irrevocable Trusts
• Credit Shelter Trusts
• Marital Trusts

Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA.  Consult them for specific advice on legal and tax matters.

Business Planning

Typically, as a Business Owner, You Have Your Hands Full Running Your Enterprise

For business owners, few things are more complex than the myriad of tax, legal, business, financial, and family issues they confront daily. Individually, these issues are challenging, but when confronting all of them at once, the complexity can become overwhelming. We help you balance your personal interests with those of your company. This includes helping you protect your personal and family assets from risks associated with your business. This is critical because asset protection measures must be in place before any threat of litigation exists. However, many business owners assume it will never happen to them. It is good to be optimistic, but you should always prepare for the unexpected. As a full-service provider, we can help you by providing objective advice about all your personal finance matters, which will include your business. We’re here to help you minimize your tax burden, when possible, so you can keep more of your money working for you.

Considerations:

• Tax Planning/Income Tax Minimization
• Asset Protection
• Succession Planning & Exit Strategies
• Buy/sell Agreements
• Employee Funding Strategies
• Financial Workshops for Employee Groups
• Financial Planning for Executives
• Business Valuations*

*MRM Private Wealth does not provide qualified business valuations. For a qualified or certified business valuation, consult a properly credentialed appraiser.

Retirement Planning

Worry Less About Your Retirement With Confidence in a Plan 

We design strategies to suit your financial goals and lifestyle needs while you are saving for, transitioning to and living in retirement.

Considerations:

• Substantially Equal Periodic Payments
• Qualified Plans: Profit Sharing, 401(k) and Defined Benefit Plans
• Non-Qualified Deferred Compensation Plans
• Individual Retirement Accounts: Traditional and Roth
• Rollover IRAs
• Stretch IRAs
• Small Business Retirement Plans: SEP IRA, SIMPLE IRA, Individual 401(k)

Education Planning

A College Education Help Builds an Essential Foundation for Your Child’s Success

We will work with you to design a plan tailored to your family‘s educational funding needs. Our recommendations take into consideration your child’s aspirations, timeline, cost projections and tax implications.

Considerations:

• 529 plans
• Coverdell ESA
• Student Loans Advising
• Custodial accounts