Welcome to the Good Life!
As a CFP®* my first obligation is to your lifetime financial well being.
“I believe that financial planning is about your values, not just your money. It is important to develop the right retirement plan, future education savings plan, and business plan for your situation using techniques to manage taxes, access to money, market volatility, and your future financial independence. With sincere appreciation for how hard you work for your money…” — Merra Lee
* CERTIFIED FINANCIAL PLANNER TM
Solid financial planning is the key to pursuing your financial goals. By identifying where you are today and where you hope to be, Merra Lee Moffitt’s team at Good Life Financial Group can help you determine how best to proceed. As an independent financial advisor with access to unbiased research, Merra Lee can implement a plan that can help you pursue your goals. Complete financial planning is the process of putting all your family’s financial pieces together into a balanced written plan. In financial planning, we make sure all the categories of your financial life are addressed. In addition, we answer these financial planning questions:
✓ Am I spending the right amount given my income?
✓ Am I saving and investing in a way that meets my goals?
✓ How much should I spend or save each year?
✓ What is my current net worth and how do the pieces serve my goals?
✓ What do I want to accomplish while on this earth and what is my plan to make that happen?
✓ If money were not a factor, what would I be doing with my life?
✓ Am I using the best retirement plan choices so that I can pursue a great retirement?
Together, we’ll create a written plan that helps you balance the saving, investments and timeframes for all your financial goals.
Someday, every one of us will stop collecting a paycheck; we’ll be retired. Retirement planning is making sure you’ll have enough to live the way you want when you get there. Retirement planning is crafting your retirement goals into your unique life. Regardless of whether you are just starting your first job, at the peak of your career, or looking at retirement right around the corner, careful planning will help you make the most of your retirement years. Closer to retirement age, the fine-tuning begins as we convert a lifetime of saving to a lifetime of income, in essence creating our own paycheck. In retirement planning, we answer these questions:
✓ When can I retire?
✓ How much can I spend in retirement?
✓ Where will the money come from each month to pay bills?
✓ How can I make sure I don’t run out of money?
✓ What will inflation do to my spending?
✓ How will marriage, children, job change affect my retirement plans?
✓ How can I get my retirement ‘paycheck’ to go up and keep up with inflation?
✓ What financial surprises should I prepare for?
✓ Should my investment planning change as I get older?
✓ Your retirement plan is unique to your situation and goals. Together we’ll make a written plan that gets and keeps you on track. A flexible plan that we’ll adjust as your situation adjusts.
For our kids, grandkids, or ourselves, we want a good education so they’ll have great jobs and careers. Starting soon and starting right are essential to affording high college costs without cutting it too close. Often, large amounts of savings are needed to afford good schools, have enough to complete all years required, buy any books or necessities over those years, and get the degrees or certifications we desire. Planning for that much money to be saved and spent needs careful thinking. In education planning we answer the questions:
✓ How much will school cost?
✓ How much can or should I save?
✓ Can I start with just a little if that’s all I can afford right now?
✓ If I save too much will it affect financial aid from the schools?
✓ What’s the best way to pay for school?
✓ How can my kids afford to go to the ‘expensive’ school they want?
✓ I have a few children, how can I have enough to help them all?
✓ What types of accounts should we use to save?
Whether you want Ivy League, trade or state school; you’ll need a plan. Together we’ll make an education savings plan that gets you on track while balancing your other goals (like having enough to retire someday).
Taxes may be a fact of life, but you needn’t pay more than you have to. Paying close attention to your investments’ tax treatment, Merra Lee’s team will strive to help you keep more of your hard-earned money working for you while seeking to reduce your tax burden whenever possible.
Tax-advantaged saving, investing and distribution strategies can have a significant impact on what you can pay yourself in retirement. In tax planning strategies, we answer the following questions:
✓ Is there anything else I can do to reduce my income taxes that I’m not doing now?
✓ If I save taxes this year am I going to pay more when I’m retired?
✓ How can I have liquid assets and still save for retirement?
✓ How can I avoid early withdrawal penalties?
Sadly, taxes now or taxes later may be a factor into the choices we’ll need to make. But wouldn’t you feel better knowing what your choices are? Together we’ll integrate the suitable tax-advantaged investing into your complete financial plan.
LPL Financial and Good Life Financial Group do not provide tax or legal advice. Consult a tax or legal professional for advice on these matters.
Merra Lee Moffitt works with small business owners to help them achieve their financial dreams and goals. Her articles are written to help inspire small business owners. Her podcasts are a way to showcase small business owners. Her mixers are a way to bring everyone together and network. Contact Merra Lee and her team to learn more about what they can do for you.
What do you want to be remembered for when you die? Is there any group or charity that has touched your life? In legacy & charity planning we answer these questions:
✓ How can I balance wanting to give to a charity and also to my family?
✓ What are the tax incentives for the different ways I can give to a charity?
✓ How can I give to a charity so they will use it well?
✓ Does it matter that I’m not wealthy?
We’ll help you turn your lifetime of work into a cause you care.