Retirement Planning
Financial independence is a goal for many business owners, professionals and active employees. A few achieve this goal early in their career, while others target age 65 or later. Currently, the Social Security Normal Retirement Age is age 67 for those born in or after 1960.  Aging boomers with increased life expectancy are causing a significant burden on the Social Security system.  It is almost a certainty that the federal government will increase the normal retirement age, reduce Social Security benefits, increase employee payroll taxes, or all three.  For most, relying on Social Security benefits will not be adequate for funding retirement needs.

Consequently, it is important to assume personal responsibility for creating wealth to attain financial independence at the desired age. Howell' licensed and experienced financial planners assist clients in developing financial goals and guide them in determining whether or not their current level of savings and investments are sufficient to reach those goals. All viable solutions and recommendations are investigated to achieve those goals.  Client recommendations reflect factors such as taxation, inflation, hypothetical investment returns and life expectancy.

For professional consultation, contact Bryan Boyle.

Estate and Gift Tax Planning
Although Estate and Gift Tax Planning often target the elimination or reduction of federal estate taxes, the process often involves planning that has little to do with taxation.  The proper and equitable distribution of assets is a very important goal and every family has unique desires.  Assets pass to survivors by different means such as contract, operation of law or through a will.  It is just as important to understand the impact of other taxes such as income, state inheritance and capital gains taxes that apply to transfers of wealth.  Every family has an estate plan.  Each plan is created either by default or through cognizant planning.  Howell assists clients in developing their estate plan by applying ideas and planning techniques that will efficiently accomplish family objectives.  Qualified legal counsel is recommended for careful drafting of the legal documents necessary to properly execute an estate plan. 

For professional consultation, contact Bryan Boyle.

College Education Planning
One of the most significant expenses any family faces is college tuition and the related expenses that come along with it.  College expenses may not be contemplated immediately after the birth of a child and it is common for families to delay funding.  However, the fact is the longer the investment period, the easier it is for a family to adequately fund the obligation.  By investing early, parents have the opportunity to use compounding growth to assist them in reaching financial targets.  Howell specialists assist clients in developing college funding goals by exploring various means including 529 Plans, Uniform Transfers to Minors Accounts, Coverdell IRAs and other financial options. 

For professional consultation, contact Bryan Boyle.