Financial Planning
At PSA, we believe that your financial plan should be based on the answers to two questions: How do you want to live your life, and what resources will you require?
Our financial planning process begins with a comprehensive review of your current financial situation, including assets and liabilities, investments, insurance coverages and taxes. Along with any other advisors you may have, we’ll help you clarify your personal and business financial goals, then provide guidance through specific and detailed saving, spending, investment and estate-planning strategies
Since our lives are constantly changing, we know financial planning is a dynamic and continuing process. We will meet with you regularly to update your plan, discuss your situation and make any changes necessary to help you remain on track to reach your financial goals.
Knowing that you have this blueprint for your economic future, you and your family can enjoy the life you want without worry and stress.
PSA’s wealth management team will design transition and exit strategies that maximize the return you receive for your years of hard work. We help you find ways to provide the best return from a buyout or transfer of ownership while limiting your tax burden.
Providing for children’s education is high on the list of most parents’ financial goals. State-sponsored educational savings plans offer one method of accumulating college funds, but other strategies might be more appropriate in certain situations.
PSA’s wealth management specialists will look at your college savings in the context of your entire financial plan. We will help you determine which plan or plans are the most beneficial for your family’s overall financial well being.
The goal of estate planning is simple: you want to minimize the taxes on your inheritance and maximize the assets you can pass down to your heirs. Developing strategies to reach those goals is complex. You need guidance from advisors in a number of different fields, including investing, tax planning and law.
That’s where PSA’s depth of resources serves you so well. Our in-house and outside experts work effectively as a team, pulling all the separate pieces of your estate plan together into a comprehensive whole. Just as important, we will review your plan on a regular basis and update it as your needs and your family’s needs change over time.
Retirement is the largest financial project of your life, and the greatest gift you can give your children and yourself is a retirement that’s free of economic worries. After years of hard work, you want to relax and enjoy your leisure time.
Although it’s never too late for retirement planning, the sooner you start the better the chances you have of enjoying an economically secure future. PSA planners will assess your financial situation and help you develop appropriate pre and post-retirement investment plans as well as a spending plan for later in life. Our goal is to get the most out of your assets and your income so that you can live comfortably during your retirement years.
Taxes are a large expense which can not be ignored. As part of the financial planning process we look at the tax implications of your investment portfolio, your assets, and your business. We help to identify creative solutions that will reduce your tax liability and increase the funds that are available for your use.
Changes in tax law occur with alarming frequency. Unless you have time to study all the latest IRS rulings, you can miss a decision that may have significant implications for your economic well being. We will serve as your lookouts on tax issues, alerting you to any relevant changes and suggesting strategies to deal with them.
Understanding where your money goes is the first step in finding more for investing towards your goals. We’ll work with you to identify the drains on your assets that could derail your financial plan and suggest strategies that will put you back on track. Your long-term financial future is built on a budgetary discipline employed every day. Small changes in your cash flow habits can affect your overall financial health.
At PSA, asset allocation is the design of your personal portfolio of assets brought together to work in harmony. We have the tools, expertise and experience to design your asset allocation to helpmeet your long-term needs.
• College Funding