Financial Planning

Financial planning traditionally encompasses these five areas: Investing Income Taxes, Retirement Planning. Asset Protection and Estate Planning Investing.


Income Taxes
Proper planning based on an in depth understanding of federal and state income tax regulations can minimize the tax impact on your asset growth. The principals and agents of CIM are both Certified Public Accountants, and Certified Financial Planners, and have extensive experience in tax planning and preparation.

Retirement Planning
Again because of their the background and experience as CPA’s the staff of CIM are in a position to evaluate the potential tax savings of an individual’s retirement plan. But it is a result of their training as CFP’s that they have the background to review the adequacy of the overall plan to fund an extended retirement , and to suggest potential solutions for any deficiencies that may exist.

Insurance
As discussed elsewhere on this site, CIM is fee only, and accepts no commissions from any third party. In Pennsylvania, as in most states, insurance sales is regulated by a State Commissioner, and such regulated sales are on a commission basis. So while CIM staff , as part of a comprehensive financial planning service, will review and help evaluate your insurance needs, they will not directly provide you with an insurance policy. In some cases, no load (no commission) policies are available.

Estate Planning
Some people think Estate Planning is only for very wealthy people, who want to avoid a hefty tax on their family when they die. At CIM we recognize that there is much more involved than that. Everybody should have a will, but especially those who have young children.

Some Estate questions to ponder

  • Suppose you and your spouse were to die in an accident. Do you want a say in who will raise your kids, or do you want to leave that to a judge?

  • How will your assets be protected and distributed when you die?

  • Do you really want to leave that to the government?

  • When you die will all your assets go to your spouse?

  • Is that for the best? Should tax planning be a consideration?

  • Will your surviving spouse know what to do?

  • Will your spouse know what you would have wanted?



If you’re thinking:
“I don’t need an estate plan.”
You’re right…... it isn’t for you.
It’s for those you leave behind.