Danny Michael (BS, CFP®, MSBA, RLP)

Planning Specialties

When can I retire? How much do I have to save today to get there? How much can I spend in retirement? These are some of the most crucial questions facing most people today and are of primary importance in determining your financial success and ability to accomplish your life and family goals. We tell you whether you are on track for your long-term goals and tell you exactly what you need to do today to ensure you are successful.

Cash Flow Planning –. When it comes to creating income, no factor is more important than taxes. Whether it’s determining whether to take a lump sum vs. a stream of income from your pension or determining the proper age to take social security, these decisions are often irrevocable and can have adverse tax consequences if not made properly. We perform all of the necessary analysis to ensure you are making the best decision.

Tax Planning – Your tax circumstances change from year to year for a number of different reasons. To understand the most beneficial tax planning strategies for you today, it’s important to understand what your tax picture will look like upon retirement. Some of the strategies involve maximizing qualified plans available to you, Roth conversion planning, avoiding Alternative Minimum Tax and structuring the most tax efficient retirement income stream as possible.

Wealth Transfer & Protection Planning  - Ensuring you have a proper estate plan and beneficiary designations in place to transfer the maximum amount of wealth to heirs. We provide comprehensive analysis of life, long term care and disability insurance needs.  We also review all of our client’s personal liability coverages to ensure that many of these risks in retirement are addressed.