At McGuff Financial, we work with a diverse range of clients, from healthcare professionals to families to small business owners. Wherever they may be in their life or career, many face similar concerns: they want to minimize their taxes and maximize their cash flow as they plan ahead for their retirement. Through our services, we strive to create a personalized and valuable financial plan that addresses a client’s immediate needs and long-term goals.
In creating a diversified investment portfolio tailored to their objectives, we seek to help clients receive the highest rate of return with the level of risk they are comfortable taking. We steer clear of investment fads and instead focus on a long-term approach. After we define your objectives, we develop a portfolio that may consist of bonds, Exchange Traded Funds (ETFs), mutual funds, or other investment vehicles, emphasizing risk management and diversification.
Whether retirement is twenty years away or right on your doorstep, retirement planning is an ongoing process. For those planning for retirement, we can help determine opportunities for building a consistent income that will last throughout retirement. We assist with IRA rollovers, minimizing unnecessary taxes on investments, and maximizing contributions to a company retirement plan. For those already in retirement, we monitor their investments and financial strategies, helping them stay on track.
Preserving wealth and leaving a legacy to family and heirs in a tax-efficient manner can be complicated and confusing. If an estate plan isn’t in place, one’s wishes may not be carried out, as the estate will be transferred to the state to handle according to probate laws. We seek to demystify the common misconceptions of estate planning and assist clients in articulating their estate planning needs.
A major concern among families is determining how they will pay for their children’s college expenses while balancing their own retirement planning. We help clients evaluate funding and savings options and create an education strategy tailored to their goals.
Tax management considers the tax implications of individual, investment, and business decisions, usually with the goal of minimizing tax liability. While decisions are rarely made solely on a tax impact, it’s important to have a working knowledge of the income or estate tax issues and costs involved. A major goal of tax planning is minimizing federal income tax liability. This can be achieved by reducing taxable income, investment tax planning, and year-end planning strategies.
Long-Term Care Planning
Most of us will need long-term care (LTC) at some point, and the costs can be steep. There are many kinds of LTC coverage out there - what's the difference? What care services will they pay for? What if care is never needed? These are all important questions to ask when planning for LTC. We will help you better understand all of the options surrounding long-term care planning.