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Retirement planning is about more than simply choosing the right investments. It requires a big picture approach to your finances. You should look at more than simply the investment risk and return, but also what the money will be used for. Is it an emergency fund, income fund, travel budget, health or medical emergency fund? Retirement planning also looks at the tax implications of the strategies you choose now and into the future. At Wealth CAPS we firmly believe that the big picture is far more important than the specific products used.

Depending on where you are in your approach to retirement and how your finances look can greatly influence whether the cost is justified to develop a comprehensive financial plan. A plan gives each piece of your finances a purpose. Typical financial plans will address the following aspects: cash on hand, income plan throughout retirement, tax consequences and tax expectations, emergency fund, long term care risk, longevity risk, mortality risk, legacy planning, investment costs, risk tolerance. Each plan is unique to the family and hence it is developed specifically for them.

Disclaimer: Neither the firm or its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.

Taxable accounts, often called Non-Qualified accounts take additional attention since taxes can and often are payable each year. Not only do we need to look at the appropriateness of the investment with regard to risk and return, but also with the tax ramifications of the investment.

Roth IRAs are qualified accounts and great investment tools to put aside extra money for future purchases or retirement income. Roth IRA grow tax free and are tax free to withdraw in retirement most of the time.

Traditional IRAs are qualified accounts and tax deferred investment accounts. The money you deposit into them is exempt from taxation until you withdraw the money. This is a great vehicle to use to lessen taxes during your working years.

Life insurance is one of the few insurances that you can buy and there is a 100% chance it will be used. Use it to protect those who rely on you. There are many options and price ranges to choose from and we can help you find which will fit your needs.

Paying for elderly care or long term care is a costly endeavor. Long Term Care insurance can help protect your assets from the cost of care. Most policies pay for in home care as well as nursing home care.

Annuities are used to provide predictable income to retirees and to help protect your principle from market fluctuations. There are many different types of annuities and each serve a specific purpose to ensure protection and income for years to come. We can explain each to you and help you decide which best fits your specific needs.

Disability insurance is used to replace your income if something happens to your ability to work.

You can structure a bonus plan that can reward your employees for their accomplishments and motivate them to focus their efforts on company specific goals.

Offering a retirement package to employees is another great way to enhance your compensation package. It also allows you, the owner, to take advantage of the plan as well. We have many plans to choose from, ranging from SEPs, best suited for small companies, to 401ks, which are equipped to accommodate the large companies.