FINANCIAL PLANNING
Our Mission
To provide tax-efficient, suitable, and goal-oriented financial results for our clients. We offer expertise in the areas of retirement planning, estate planning, tax planning, insurance and risk analysis, budgeting, contract negotiation, and any other areas involving finances.
Company Profile-Financial Planning
RETIREMENT PLANNING Back to Top
Remington Financial Services is an Independent Registered Investment Advisory firm. Unfortunately, most people do not begin to think about retirement planning until they realize they are ten to fifteen years away from retirement. As a result, even with an aggressive “catch up” investment strategy, those people are still not able to meet their true retirement goals. The wisest of investors consults with a financial planner upon embarking on their first full-time job. The younger we start saving for retirement, the more likely we will meet our retirement goals and objectives. In addition, the younger we start, the less we have to put away each year due to the compounding effect of investments. It's never too late...Start your plan now!
At Remington Financial Services, we work hard with the client to determine what lifestyle they would like to have during their retirement years. Is it traveling around the world once a year? Is it living at the ocean? Is it to help a disabled child? Is it to take care of ailing parents? While we cannot plan for each unforeseen circumstance which may occur in retirement, we should invest properly as young as possible so we can attempt to deal with unforeseen circumstances with less financial stress.
Retirement planning is not just about how much money we should save for retirement. Retirement planning also includes an assessment of your risk management (are you fully insured?). Can you meet catastrophic events with your current investment and insurance strategies? Proper retirement planning also takes into account future inflation. It utilizes a present value discount rate. As couples are waiting longer and longer to have children, many people are retiring earlier but still have children in college. Retirement planning therefore may also include college funding. In addition, life expectancies are now approximately 78-82 years of age. And that is average. Many people live into their 90’s and some reach 100! Will you outlive your money?
ESTATE PLANNING Back to Top
Many people believe estate planning is only for the very wealthy. Others believe that estate tax laws have changed so much that they don’t need to worry about estate taxes. And, sadly, many do not know what estate planning is. Remington Financial Services specializes in estate planning. And no, you do not have to be among the very wealthy to be concerned about this area of your financial planning. In fact, many people who contribute to a 401k plan retire with an account value in excess of $1 million. With rises in the stock market over the long term, your 401k plan may be your most valuable asset by the time you retire. In addition, life insurance proceeds will affect your estate plan.
INSURANCE ADVISORY (RISK MANAGEMENT) Back to Top
Most people feel insurance products are a necessary evil! Insurance is intangible -- you can't touch it, feel it, or use it in any productive way unless catastrophe strikes. Remington Financial Services deals in various types of risk management: Life insurance, disability insurance, health insurance, group health insurance, and overhead expense insurance.
Wherever your risk may lie, we at Remington Financial Services are able to assess those risks and then make recommendations to minimize those risks through the proper structure of insurance. The proper structure of insurance entails not only a death or disability benefit, but also a low cost element. Since we are independent we have no loyalty or bias toward any particular insurance company. Therefore, for any given client, we will request quotes from all of the top rated insurance companies, create a spreadsheet, and then present the client the highest quality product at the lowest price as a choice. Please call Remington Financial Services for any of your insurance-risk management needs.
PERSONAL FINANCIAL PLANNING Back to Top
Many questions a client may have will fall outside of the range of retirement planning, estate planning, or insurance planning. Questions often fall into areas such as:
- Should I refinance my home?
- If I take a job transfer to another state, should I ask for an increase in pay?
- How may I best negotiate with my potential new employer regarding company benefits?
- How does COBRA work?
- What will our budget look like if my mother moves in with us?
- Should I take a monthly retirement pension payout or should I take a lump sum payout?
For these types of questions, we charge an hourly rate.
These are only a few of the questions which our clients ask regularly. As working adults, we all run into financial questions which may create stress and confusion in our lives. Please bring those questions to Remington Financial Services. What is confusing to the average client is a matter of a day's work for us. With sophisticated software, years of education, and years of experience we can arrive at answers to your questions in a short time.
REMINGTON FINANCIAL SERVICES
Give us a call at 407-327-4001 for your expert witness or financial planning needs!
