OUR SERVICES
Life Insurance Analysis
There are various types of life insurance products in the market today. From whole life to universal life and term life insurance. Each product has a specific purpose and accomplishes a different strategy. We look at each individual’s specific circumstance, figure out their current and future goals, and advise on what type of policy would best fit their needs.
Estate Planning
Every taxpayer has a $11.7 million federal estate tax exemption for 2021. Meaning you can leave up to that amount to your family without any taxes due. Married couples can take advantage of a $23.4 million estate and gift tax exclusion. However, the exemption of $11.7 million is set to expire in 2025 and will revert to the exemption of $5.49 million (with an index for inflation). If your estate is worth more than $5 million, there needs to be a plan in place for when you pass away.
Tax Analysis of
Investment Accounts
Analyzing the tax implications of investment accounts involves understanding tax rates, rules for deductions, exemptions, and credits, and any potential penalties for early withdrawals or non-qualified distributions. Tax-efficient investing strategies can be employed to minimize taxable events in the future. Let our team review your situation and show you ways to reduce taxable income today and tomorrow.
Annuities
We can assist you in understanding the annuity terms and features, including payout structure, interest rates, fees, and optional benefits. Then, we assess the financial stability of the annuity provider using independent ratings. Finally, we can compare costs and potential returns to determine if the annuity aligns with your goals and offers value. Remember, analyzing annuities requires careful consideration of your individual circumstances, financial goals, and risk tolerance.
Retirement Income Planning
It is critical that your financial planning strategy incorporates both tax-deferred and tax-free retirement account strategies so you are able to plan your tax bracket in your retirement. One of the key areas to understand when determining which kinds of accounts to contribute to is understanding your current tax bracket and the tax environment we are currently in. We can advise you on maximizing your after-tax retirement funds.
Our Team.
CONTACT US
Our Address
1325 Satellite Blvd NW, Suite 1601
info@aspirefinancialadvisors.com
Call Us
Tel: 404-495-1490
Monday - Friday 9:00AM - 6:00PM