For some people, financial planning is mainly concerned with how best to go about building a nest egg, and how to make it last through retirement. But for many, there is a desire to ensure their estate delivers benefits beyond their own retirement, and produces a lasting legacy even after they have passed.
Personal insurance planning at AIM focuses on how to develop a clear, unique strategy to protect your short and long-term financial goals. No one wants to consider how an accident or illness might disrupt their family’s financial stability. At AIM, we help ease this difficulty by providing information about what happens financially when something like this occurs. Many people assume that personal insurance is only about providing some temporary relief after a tragic event.
Many companies have liquid assets that are earning little or no interest. For companies that need their cash to remain accessible, we help position those assets so that they deliver a competitive rate of return without being locked up for the long term. However, if a company has cash available which they do not need for the immediate future, we manage conservative stock and bond portfolios that allow businesses to receive a portion of the earnings on their investments.
Your business is your life's work. Imagine your desk with someone else sitting at it. That person could be someone you have chosen, trained, and trust. Or it could be someone you’ve never met. Without a succession plan in place, many businesses won’t survive beyond the initial owner.
After the owner exits:
Only a fraction of small businesses offer retirement plans to their full-time workers. A group retirement plan helps your company attract and retain quality employees, while also creating tax advantages that benefit both you and those who work for you. Retirement plans are also a good way to incentivize your employees to save and invest for the future, while showing them that their present and future financial stability is a key part of your company's mission and success.
Personal Insurance at Advantage Investment Management
Having an adequate amount of insurance is not about leaving a large estate for your heirs. Rather, having insurance is about protecting your family in case of unforeseen events and protecting your estate from undue taxes. Protection planning includes reviewing your current financial conditions and goals and identifying possible deficiencies in insurance coverage. Insurance coverage to consider includes, but is not limited to, the following:
Life Insurance
Educational costs have been increasing at a rate greater than the general level of inflation for more than a decade. While we cannot control these increasing costs, we can more effectively save using the right type of savings plan.
We work with our clients on an individual basis to learn how much risk you are willing to take in your investments, how long you plan to invest your money, and what you want to do with your money. We then design a portfolio to try to minimize the impact of fluctuations in the stock market, while attempting to ensure that your financial goals are met.
As your trusted advisor, you can count on us to do the following while we work with you in drafting and implementing your investment plan:
A financial plan is not simply a grand plan for the wealthy. Rather, a financial plan is a useful tool for everyone.
We work with clients in every financial position, because we believe that a well considered economic plan can benefit you, no matter your financial history or present. This kind of plan is simply a tool that helps you organize each financial decision into a coherent, self-reinforcing strategy.
At Advantage Investment Management, we believe in tax reduction planning. This involves deploying strategies that minimize income tax liability by deferring income, maximizing deductions and deductible expenses for a particular year, and selecting tax-advantaged investments that bring benefits for years to come. We can also give you guidance regarding various tax issues including income tax, estate tax, gift tax, and alternative minimum tax in relation to our services.
