For Businesses and Non-profits

Comprehensive Financial Planning For Business & Non-Profits | Retire Smart Consulting

For Businesses and Non-profits - We provide quality service that sponsors deserve, but lack… 

  • We help businesses reduce  fiduciary liability by providing second opinion of  their Retirement Plan Investments to help them meet fiduciary requirements.
  • We manage retirement plans and investments for small to mid sized businesses based on global standards of excellence.
  • We help non profit  investment committees and board members reduce fiduciary liability by providing guidelines for managing Investments, based on applicable laws and standards.
  • We choose funds based on your objectives. We do not push proprietary fund lineups since we are independent and not associated with any broker-dealer or investment company. 
  • We offer customized retirement plans such as :401ks, SEP, Profit Sharing, Defined Benefit, Cash Balance Plans, Single employer plans etc.
  • Retirement Workshops:

 

To be educated is to be empowered…


According to research, stress is directly connected to lost productivity and the major cause of stress is personal finances. 

We help employers increase productivity and participation in employer plans while decreasing long term costs by providing objective and educational financial workshops.

We even offer volume discounts and offer workshops at employer worksites.
 


Reduce Stress. Increase Productivity. 

Contact us today

For Individuals

Comprehensive Financial Planning Services | Retire Smart Consulting

For every action, there’s an equal and opposite reaction… 

We believe the foundation of achieving your personal financial goals is to take a holistic view of your financial situation so that no decision is made in a vacuum. 

To get a holistic view of your financial picture we offer:

  • Comprehensive Financial Planning services: which could include customized solutions to such areas as cash flow, tax, and estate planning, investment, retirement planning, social security maximization, philanthropic, education planning,asset preservation strategies,executive compensation packages etc.
  • Retirement Planning - We’re living longer, so let’s live better too… 

A person who turns 65 today could be expected to live as many as 20 years in retirement as compared to a retiree in 1950 who lived, on average, an additional 15 years.  

Longer life spans have created a number of new issues that need to be taken into consideration when planning for retirement such as health care expenses, creating a lifetime income, social security maximization strategies, coordinating different retirement income sources such as employer plans, personal savings, and social security. Sequencing of withdrawal matters. 

Investment Portfolio Management

Remember, markets will fluctuate (it’s what they do), but our resolve always remains stable (it’s what we do)

  • Investment Management is a fiduciary task and we use global standards of excellence as our guidelines to evaluate, manage and monitor investments.
  • Estate Planning: We work with a team of highly experienced attorneys and estate planners to create and deliver your Estate Plan.
  • Issue planning: Specific financial concern  not addressed in above options.

Create An Income For Your Entire Lifetime

Contact us today

Estate Planning

People spend a lifetime accumulating assets and building an estate with the intention of passing it on to their heirs or charitable beneficiaries. Without proper planning, a person’s death can create significant hardships on the people for which the estate was created. 

For an estate to be passed on to the heirs, there could be settlement costs, such as probate fees and death taxes.   In some cases, where the death taxes are substantial, assets may have to be liquidated in order to pay them. Also, the actual transfer of assets could be delayed by probate proceedings that are bogged down if there are any contestable assets. 

A sound estate plan can eliminate many of these problems that arise during the settlement of an estate and help you accomplish the following:

  1. Ensure that your wishes are honored when you are unable to manage your own affairs.
  2. Communicate your wishes and expectations precisely to your family and heirs
  3. Provide for your family’s financial security
  4. Provide capital to meet immediate liquidity needs for settlement costs
  5. Facilitate the timely distribution of assets by avoiding probate proceedings
  6. Maximize the estate for transfer by minimizing  taxes and expenses 
  7. Ensure that all beneficiaries are named in accordance with the most recent will or Avoid publicity by keeping the proceedings out of the public record.
  8. Conserve the estate so later generations can benefit.
  9. Leave a charitable legacy with a gift of assets or a trust.

Basic Estate Planning Arrangements

One of the primary objectives of an estate plan is to ensure that your assets are transferred in accordance with your wishes.  A qualified attorney can help you determine which estate planning arrangement will work best for you.

Will

A will is a legal document drafted in accordance with state laws wherein the estate beneficiaries are named. A will is subject to probate which means that all assets are distributed under the supervision of the court. An executor is named in the will and is responsible for ensuring that the provisions of the will are followed.  Absent a will, the state becomes the executor of the estate and will name guardians and beneficiaries according to its laws.

Trust

A trust is a form of ownership that is set up by the estate owner to receive and hold title of the assets prior to their distribution to the heirs.  A trustee is designated to manage the trust in accordance with its provisions.  There are several different kinds of trusts, each designed to serve a specific purpose such as to avoid probate, minimize estate taxes, or manage the assets of the estate.

Titling Assets

There are several ways to title assets that will result in different methods of asset transfer.  A common form of asset title is Joint Tenancy which allows the asset to transfer, automatically and without probate, to the person named jointly in the title. 

Contractual Transfer

Assets such as life insurance and qualified retirement plans transfer by contract to named beneficiaries outside of probate.

Estate Planning Guidance

In many cases, a simple will can suffice as a way to ensure the desired transfer of assets and guardianship of children. Estates of a larger size or that contain illiquid assets such as real estate, may require the guidance of a qualified attorney to structure the most appropriate planning arrangement.  An estate planning attorney can also arrange your estate in a way that can eliminate any potential friction among heirs.  If the estate is of a significant size that might subject it to estate taxes, then an attorney can suggest arrangements that will minimize them. 

Estate tax laws change periodically as do the individual’s financial situation which can make an estate plan obsolete if it is not reviewed periodically.  A good estate planning team, consisting of an attorney, a trust administrator, a life insurance agent and an investment advisor representative, can provide the necessary guidance to ensure that your estate plan is current and operable.

For more information on planning your estate, contact us today.

Financial Planning for Business Owners

INTRODUCTION 

When you are full of ideas for starting a new business, all you can see is what’s going to happen tomorrow. The thought of having their vision turned to reality often blinds new entrepreneurs to that all-important question: Does it all makes sense financially? While passion is key to turning vision into a functional business, prudent financial planning is critical to ensure that reality comes to fruition, and continues to survive and thrive!  

WHY FINANCIAL PLANNING IS IMPORTANT FOR BUSINESS OWNERS

Just as even the savviest of pilots can’t always fly blind all the time, so too is the case with business owners. Meticulous financial planning, for the short-term, in the intermediate period, and for the long-term horizon, is vital if a business is to succeed. 

Without sound financial planning, even the best of business ideas will soon falter and perish. Business financial planning is the lifeblood for any venture to succeed, expand and flourish in the long run.

WHAT WE CAN DO FOR YOU

Here’s how our Business Financial Planning solutions can help you:

  • Start-up financial planning: As you start up your new venture, you’ll need to finance its ongoing operations. Our experts can help uncover creative capital financing opportunities for you

  • Business plans: To ensure the ongoing viability of your business, you’ll need help putting together a sound business plan – for the short, intermediate and long-term. We can help create that pan for you

  • Contingency planning: Emergencies and unforeseen situations can arise anytime during the life of the business. It takes savvy financial advice to ensure you have the financial safety net to successfully weather the business through such events

  • Taxation: Most jurisdictions offer a number of tax incentives to business owners, so that they might create, expand and continue operating in those jurisdictions. Unfortunately, many business owners are either unfamiliar of the tax-friendly nature of such incentives; or they underutilize them to the detriment of their business. Leave it to our experts to help you understand such incentives so you can apply them to minimize your business taxes 

  • Asset acquisition: Whether you choose to own an asset outright for your business, or ensure its use through other means, will depend on the financing options available to you. We can help you make buy versus rent, versus lease decisions that are right for you

  • Debt management: Is it best to borrow against business assets? Or should consider refinancing? Or would it make sense to dispose-off some assets to finance debt? These are every-day decisions that we help business owners make

  • Business expansion and diversification: When it comes to expanding and diversifying your business, you’ll find us right beside you when evaluating financial proposals and financing options to fund those initiatives  

  • Employee retention: No business is ever successful without satisfied employees. We’ll work with you to help offer attractive remuneration, compensation and benefits packages to your employees, that will motivate them to consider making a long-term career with you and your company

  • Succession planning: What happens if something untoward happens to you? What if you wanted to step down, or take a less active role in the business? Is there someone groomed and primed to assume the mantle of leadership and succession?   

  • Retirement, Estate and Legacy planning: And when it’s time for you to call it quits, we’ll be right there to ensure you are able to enjoy the fruits of your hard work. Through careful planning, we’ll not only make sure you enjoy a comfortable retirement, but that your legacy passes seamlessly to your next generation of successors