Ensuring Financial Safety During Mid-Term Elections
Provided By: Adelae Winters, Financial Advisor
Adelae Winters, Financial Advisor
American economist, professor and investor Benjamin Graham once said, “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
So, as we are currently in fourth quarter – what are some ways you can set yourself up for greater financial security — regardless of what happens in the stock market?
Tax Planning – One of the most significant areas people miss opportunities is unnecessarily paying more in taxes than is required by law. This often happens when your financial advisor isn’t knowledgeable about the tax landscape or fails to collaborate with your CPA. For example, advisors who don’t understand the tax implications of investment portfolio decisions can end up costing clients unnecessary dollars in capital gains tax. By working with a tax-smart financial advisor who is a CPA or collaborates one-on-one with advisors, you can implement strategies like tax loss harvesting, which uses investment losses to offset gains and avoid paying unnecessary taxes.
Insurance Planning – Growing your wealth requires protecting it because it doesn’t take long for an unexpected expense to set you back. Holistic financial planning should incorporate evaluating insurance policies that can protect your family and finances against future risks. Long-term care, disability, and life insurance are all critical to preparing for the future. A financial advisor should help you review existing policies, identify gaps in coverage, secure quotes from insurance providers, and make recommendations on the cost and coverage that fits your unique needs.
Estate Planning – The creation of an estate plan to protect your family and estate after you’re gone can leave your family with clarity and confidence about how you want your assets distributed. Effective generational wealth planning requires working with a skilled estate attorney and a tax-smart financial advisor to help minimize estate taxes and maximize assets passed on to future generations.
The financial services industry has changed a lot over the years. There have been downturns and financial crises, and global pandemics that kept people from seeking a financial advisor — due to fear or distrust or stay-at-home orders. Technology has evolved to make basic advice more accessible online. However, rules and regulations have become increasingly complex, and people’s needs now far exceed only investment management.
While elections often bring heightened emotions and can increase volatility in the stock market, they don’t have to cause fear about your long-term financial security. With an integrated financial plan designed around your goals for the future and a tax-smart advisor who collaborates with CPAs can help you capitalize on down-market opportunities.
You need a financial partner that can help you prepare for the future, plan for alternate scenarios and provide advice in every area of your financial life. Cordell, Neher & Company, PLLC takes an integrated approach to financial planning by blending tax professionals and financial advisors to give you a complete financial team in their corner. For more information, visit cnccpa.com.
Events & Deadlines
Latest Past Events
Community Service Day
Cordell Neher & Company, PLLC 175 E Penny Rd #1, Wenatchee2024 Shred Event
Cordell Neher & Company, PLLC 175 E Penny Rd #1, WenatcheeCNC Newsletter
Subscribe and stay informed on policy changes that could have an impact on you.
Footer Contact
Check the background of your financial professional on FINRA's BrokerCheck®
Privacy & Usage: The information on the Cordell, Neher & Company, PLLC website is provided with the understanding that it should not be substituted, in any way, for consultation with a professional Certified Public Accountant, accountant, tax, legal or other competent advisor. Cordell, Neher & Company, PLLC makes every attempt to ensure that the information contained on their websites are obtained from reliable sources, but is not responsible for any errors and/or omissions or from the results obtained from the use of any information. This site contains links to servers maintained by other organizations. Cordell, Neher & Company, PLLC cannot provide any warranty regarding the accuracy or source of information found on any of these servers, the content of any file the user might use to download from a third-party site, and is not responsibility for the content found on any of these servers or for any links these servers maintain with other servers.
Avantax affiliated advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC, Investment Advisory services offered through Avantax Advisory ServicesSM,Insurance services offered through an Avantax affiliated insurance agency. 3200 Olympus Blvd., Suite 100 Dallas, TX 75019 972-870-6000.
Avantax financial professionals may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Securities offered through Avantax Investment Services.SM, Member FINRA, SIPC. Investment Advisory Services offered through Avantax Advisory Services SM. Insurance services offered through an Avantax affiliated insurance agency. Method 10® is property of Avantax Wealth Management.SM All rights reserved 2020. The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth Management does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.
The Avantax family of companies exclusively provide financial products and services through its financial representatives. Although Avantax Wealth ManagementSM does not provide or supervise tax or accounting services, Avantax Representatives may offer these services through their independent outside business. Content, links, and some material within this website may have been created by a third party for use by an Avantax affiliated representative. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth ManagementSM or its subsidiaries. Avantax Wealth ManagementSM is not responsible for and does not control, adopt, or endorse any content contained on any third party website.
This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Investments & Insurance Products: Are not insured by the FDIC or any federal government agency- Are not deposits of or guaranteed by the bank or any bank affiliate- May lose Value
Avantax Investment ServicesSM and Avantax Advisory ServicesSM are not affiliated with CNC Financial Group, LLC.
© 2024 Cordell, Neher & Company PLLC • Designed by Pixel to Press
