Broker Check

Retirement and College Planning

Personal Retirement Planning

You are faced with a dizzying array of retirement choices. IRA, 401(k) and 403(b) plans, various employer sponsored plans, traditional IRAs, ROTH IRAs, target date funds, target risk funds, do-it-yourself asset allocation guides, variable annuities promising income for life, and a village full of talking heads on TV and radio, too. The media barrages us constantly with advertisements from competing mutual fund and annuity companies.

With all this static, it's no wonder the typical American is confused and often under-prepared for retirement. Tasik Financial offers its clients a shelter from this storm. We can help you build and manage your retirement accounts. We also help you navigate your company's 401(k) and other retirement plans. Tasik Financial brings the same understanding of risk and financial goals that go into any financial plan to your personal retirement plans to help guide our clients to informed financial decisions.

We are also able to help you consolidate your legacy retirement plans that may be residing in multiple plans and former employers into a single, managed retirement account to provide you with comprehensive and integrated portfolio management. You have several options including keeping money with your past employer, rolling over your 401K to an IRA Rollover, rolling over your 401K to another 401K plan and cashing out your balance. We are happy to discuss all of your options with you to help determine which one if best for your situation.

Business Retirement Planning

A sea of acronyms and jargon surrounds the business retirement planning world confusing entrepreneurs who are experts at THEIR business. Let us help you find the best plan to meet the needs of your business. We can also review and benchmark your current plan to find areas where we might be able to optimize it for you and your team. 

Business Retirement Planning

College Planning

I always know that I am talking to a potential new client when I hear somebody say that their advisor said they just need to put "X" dollars away each month into their 529 and they will be just fine when it comes time to pay for college. College planning, when done properly, is an integrated and sometimes multi-generational strategy with many moving parts that all need to work in a well-coordinated manner.

According to data from the Education Data Initiative college tuition inflation averaged 12% annually from 2010 to 20221. This makes a strong case for the need to have a plan in place for funding College for our kids. There are many options we can explore to help you plan for college. While saving through 529s are an important part of the solution, there may be other, more sophisticated strategies that you can implement.

There is also a need to look at estate planning for grandparents who can transfer sizable amounts of wealth from their estates to fund 529 plans. Under 2024 tax codes, Grandparents can each make a one time contribution of up to $90,000 per grandchild using the five year gift election rule.

Let us help you take the smart approach to saving for college by helping you create a plan, based on realistic goals, that works for you.