Devin Wolf, CFP® serves as our Chief Investment Officer (CIO) and leads our 401(k) branch. As a wealth manager Devin is responsible for delivering comprehensive financial solutions to high net worth clientele. His expertise in navigating complex situations has lead to working with business owners and clients with taxable estates.
(Note: all screenshots in this post are from our 2015 Numbers Unlimited financial planning worksheet, which you can access here.) With April 15 nearly upon us, you’ve submitted your tax returns by now, and the chances are good you’re breathing easy knowing the next tax season is nearly a year away. But before you get […]
If you have ever had any sort of retirement plan with your employer, you have probably at least heard the term “rollover.” Until recently, this term has generally referred to the process of moving your retirement funds from your employer-sponsored retirement plan to your own Individual Retirement Account (IRA), any number of times per year. […]
Saving for retirement as a self-employed individual can be difficult. Without an employer setting up and contributing to a 401(k) or similar plan, retirement savings often fall off the radar. But if you are self-employed without employees, you and your spouse have access to one of the most powerful and underutilized retirement planning tools available: […]
Conventional wisdom encourages small business owners to form an S Corporation to reduce the amount of self-employment taxes they owe. The idea is to reduce your wages and pay profits out through a profit distribution that is not subject to the 15.3% (employee and employer combined) self-employment tax. For high earners with a willingness to […]
In celebration of this season and with deep appreciation of our relationship with you, we extend this invitation to an elegant Christmas brunch as our gift to you. We look forward to your presence and would be delighted to accommodate any guests that you would like to bring. Friday, December 12th, 2014 7:00 AM – […]
It’s official: the IRS has announced the cost-of-living adjustments affecting 401(k) contribution limits for the 2015 tax year. Here’s a breakdown of the new changes, and how they might affect your ability to contribute to your retirement fund. Elective deferral and SIMPLE IRA Contribution Limits These limits apply to individuals seeking to contribute to a […]
InvestmentNews recently featured Financial Plan, Inc. in an article on how FP, Inc. uses technology to improve client service. This story is unique as most firms use technology to make their life better (save time, improve profit margins, etc.), but at Financial Plan the decision making process begins with the question “what is best for […]
As a Financial Plan client you often receive simple advice that is easy to follow. Your first impression might have been similar to this: You came in and let us know you would like to retire. After a couple of meetings of being poked, prodded, and answering every question under the sun, you left with […]
By W. Devin Wolf, CFP® 19 June, 2014 Trusting your advisor because they are friendly and seem nice isn’t adequate to protect yourself from fraud. In reality most fraudulent advisors (and serial killers too for that matter) are charming individuals who have a knack for getting you to let your guard down. Here are 3 […]
Choosing the right financial advisor for your wealth management needs can be a daunting task. There are countless firms and individuals advertising themselves as investment managers, brokers, or advisors – and in some cases, it’s not in their best interest to tell you exactly what services they offer from the outset. Throw in the variety […]
