While each individual’s needs are unique, many of us prepare and plan with the same objectives in mind. Be sure to take the time to reassess and rebalance your goals with each passing year.
As a parent, you want nothing to stand in the way of your ability to finance your child’s education. Not everyone is able to save hundreds of dollars a month but that doesn't mean sending a child to college is any less realistic. Two key factors to remember in educational planning.....start saving early and investing consistently. There are a number of choices available for those seeking educational accounts each with their own benefits and tax advantages. Let us help you identify the best choice for you.
Wojcicki and Mulroe can provide the guidance, tools, and services to assist you along the path toward retirement. Our role is to help you prioritize and set financial goals. As CPA’s , we work hand in hand with financial advisors to create strategies to help our clients save more money and preserve their wealth. Unfortunately, taxes don't stop when you retire. Retirement triggers all sorts of new rules and opportunities. Be sure to choose the right strategies to keep your taxes as low as possible. Call our office and set up a meeting to discuss your retirement plans.
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Our role at Wojcicki and Mulroe is to help you navigate the ever changing tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan to avoid complications and to be sure wishes are followed. Protect your loved ones so they don't have any obstacles to deal with during a time of loss.
Long-term care is a range of services and supports you may find essential to meet your personal care needs as you get older. Most long-term care is not medical care, but rather assistance with the basic personal tasks of everyday life. It is estimated that 70% of people turning age 65 can expect to use some form of long-term care during their lives. The duration and level of long-term care will vary from person to person and often change over time. There is no “one-size-fits-all” policy. People with certain conditions may not qualify for long-term care insurance. Consider the different options that are available and contact us before finalizing your decision.
Clients look to their advisors for help with financial planning and tax strategies. And while 95% of high-net-worth clients contribute to charity on an annual basis, charitable planning is often an overlooked avenue to minimize your taxes while maximizing your charitable support. If you are interested in discussing which type of charitable trust is most suitable for your situation and the trusts’ impact on your income and transfer taxes, please contact our office to set up an appointment.
Whether your needs are corporate or personal, our team of professionals can assist you in sorting out the different options available for debt management and financing. By re-balancing your debts, you will lower your payments, reduce the total amount of interest paid and maybe generate a tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our experience may be able to save you time and money in the long run.