My Services Include:
Basic monthly and yearly budgets geared to pay off credit cards or other debts, build up emergency savings and save to purchase a first home or bigger home, college and retirement. I work with clients to develop a truly realistic budget; clients can try out a budget for a few months and then come back and fine-tune it.
Analysis of your 401K plan or personal stock and mutual fund portfolios to evaluate whether you are adequately diversified among asset classes and have an appropriate level of risk for your stage in life. If you are a novice investor, I can explain personal finance 101 and the pros and cons of stocks, bonds, mutual funds, etc.
FIRST TIME REAL ESTATE PURCHASE ASSISTANCE
An analysis of how much can you afford to buy on an after-tax basis and review of steps to make a sensible first home purchase. Advice can also cover steps to follow to buy a duplex or multiple-unit property with other investors and safeguard your financial situation.
NEW FAMILY FINANCIAL PLANNING
Help new families identify their life insurance needs, life insurance options and future financial planning.
PLANS AND STEPS TO SAVE FOR YOUR CHILDREN’S COLLEGE
Discuss pros and cons of various college saving alternatives (UTMAs, Coverdale plans, Education IRAs, 529 plans, college loans), specific advice about lower cost 529 plans and specific advice as to which college financing strategy is best for your family’s financial situation (tax bracket, level of savings and expected college costs).
GENERAL RETIREMENT PLAN FORECASTSTwo methods:
- General Plan which uses your current expenses, expenses grown by an inflation factor through retirement years and projection of expected income sources through retirement.
- More Detailed Plan which uses current expenses and expected income projected out through retirement but taking into account detailed changes in spending patterns as you age in retirement.
PERSONAL INCOME TAX PLANNING AND PROJECTIONS
ON-GOING PERSONAL FINANCIAL MANAGEMENT AND BILL PAYING
Service that is geared to assisting seniors in the Westside and Mid-Wilshire parts of Los Angeles, who want help paying monthly bills and organizing financial papers, this includes E-file.