Our reasons for becoming financial professionals are deeply personal. We repeatedly saw many friends and family struggling to find the help they needed to map out their financial future. We are confident that with our understanding of personal finance, coupled with our training as financial professionals, we can help people better prepare for the future.
After years in the business, we have developed a reputation for educating individuals in an easy-to-understand manner so they can grasp personal finance and use those concepts to pursue their financial objectives. We feel a commitment to our community. Our team approach adds perspective to all we do and provides increased benefits to our clients.
After years in the business, we have developed a reputation for educating individuals in an easy-to-understand manner so they can grasp personal finance and use those concepts to pursue their financial objectives. We feel a commitment to our community. Our team approach adds perspective to all we do and provides increased benefits to our clients.
Services
Our financial plans are not carved in stone. As your goals and circumstances change over time, we review your program with you and make changes as needed. Creating a plan with us will help you know where you are, where you want to be and how to get there. Now is the time. Step 1: No obligation interview: At this meeting we will get to know all about you, who you are, your financial concerns, goals and objectives.
As small business owners become more successful, they look for ways to reduce their tax burden. One of the most popular ways to reduce taxes is with a SEP IRA. This is the most "used" and popular option, one of which is highly recommended by CPA's. While the SEP IRA is the simplest and easiest to set-up, it does not necessarily provide the best tax advantages.
There are plenty of financial advisors who would love to manage your retirement account, providing you meet their minimum balance requirements. There are also online services that can help you make good financial choices even if your balance is small. Both options come at a price. However, AFG fees are in line in the industry and couple this with their attention to detail far exceeds any other Financial Planner in today's marketplace.
Best for: Those just starting out or saving less than $6,000 a year. If you are leaving a job to start a business, you can also roll your old 401(k) into an IRA. IRA contribution limit: Up to $6,000 in 2020, plus a $1,000 catch-up contribution for those 50 or older. Tax advantage: Tax deduction on contributions to a traditional IRA; no immediate deduction for Roth IRA, but withdrawals in retirement are tax-free.
Contribution limit: The lesser of $57,000 in 2020 ($56,000 in 2019) or up to 25% of compensation or net self-employment earnings, with a $285,000 limit on compensation that can be used to factor the contribution. Again, net self-employment income is net profit less half of your self-employment taxes paid and your SEP contribution.
Reviews (1)
Phil Nelson
Feb 28, 2021
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