SERVICES

SERVICES 2018-10-22T22:58:22+00:00

Helping clients achieve their financial goals by minimizing taxes and reducing risks.

We work closely with professionals including tax advisors, stockbrokers, money managers, and estate lawyers to implement a financial plan that achieves your financial goals. If you have current relationships with these professionals, we can work with them to develop a comprehensive financial solution.

Over 28 years of experience working with executives, professionals, business owners, and individuals to meet their retirement, financial, insurance, and tax planning needs. Founded in 1987, Kelm Financial Services, Inc. specializes in providing financial solutions in the following areas:

  • Retirement Planning
  • Wealth Accumulation
  • Asset Protection
  • IRA Legacy Planning
  • Tax Planning
  • Life Insurance
  • Annuities
  • Charitable Giving Strategies
  • Income Planning

Retirement Planning

Retirement income plans are not just for the wealthy. As you near retirement, the traditional strategy has been to move growth-seeking products to more conservative fixed-income products. This may have worked fine back when retirement was only expected to last five to ten years.

These days, however, people are living longer. It’s not unusual for someone retiring at age 65 to live to age 90 or longer. You should consider that you may need to plan for your nest egg to potentially last 25 to 30 years.

Wealth Accumulation

Time doesn’t stand still, and neither does money. That’s why you can use time to your advantage when investing for wealth accumulation.

The longer you invest, the more time your money has to compound interest. If your portfolio has not fully recovered from losses in recent years, you may wish to consider a more aggressive allocation to make up for lost ground and get back on track to accumulating wealth.

However, given recent lessons learned in stock market investing, it is important to remember that more conservative retirement plans typically have only a portion of the assets invested in the stock market. Other allocations should be set aside for more conservative investments and/or income contracts such as annuities. After all, the last thing you want to do is lose wealth during the next market correction.

Asset Protection/ Creditor Protection

In recent years, we’ve seen that aggressive and conservative products, both domestic and global, can move in tandem with one another. In other words, we have experienced market scenarios in which there is very little safety anywhere—even for diversified portfolios.

Twenty-first century asset protection calls for more than just strategic asset allocation. Product allocation—buying financial vehicles such as annuities that can help protect your assets from market risk early in retirement—is generally considered a more effective means of protecting assets.

Diversifying your retirement assets among a variety of vehicles—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you the best chance of meeting your retirement income goals throughout your lifespan.

Tax Minimization Planning

In the US, we have entered an environment of rising taxes. That’s why it’s important now, more than ever before, to incorporate tax planning into your portfolio and all of your financial decisions.

Investing in or purchasing a tax-deferred vehicle means your money will compound interest for years, unfettered by income taxes, allowing it to earn interest at a faster rate. While very few financial vehicles avoid taxes altogether, many allow you to defer paying them until retirement—when you may be in a lower tax bracket.

Tax Planning

In the US, we have entered an environment of rising taxes. That’s why it’s important now, more than ever before, to incorporate tax planning into your portfolio and all of your financial decisions.

Investing in or purchasing a tax-deferred vehicle means your money will compound interest for years, unfettered by income taxes, allowing it to earn interest at a faster rate. While very few financial vehicles avoid taxes altogether, many allow you to defer paying them until retirement – when you may be in a lower tax bracket.

Estate Planning

Estate planning is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially.

While the concept is simple, the vehicles, planning and implementation process can be rather complex. Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.

IRA Legacy Planning

IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit upon your death.

A properly structured IRA may provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial scenario to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs.

Charitable Giving

Creating a charitable gift giving plan may provide you with multiple tax breaks: an income tax deduction, the avoidance of capital gains on highly appreciated assets and no estate taxes on the charitable contribution upon your death.

With the increasing tax environment we expect in the U.S. in coming years, there may be compelling reasons to integrate philanthropy into your financial and estate planning.

Income Planning

Thanks to new prescription drugs and medical technology, people are living longer than ever before. However, one drawback to a longer life is the greater possibility of your savings running low – creating all the more reason to develop a retirement income plan designed to last a longer lifetime.

An investment loss in the years just prior to and/or just after you retire can have a dramatic impact on the level of income you receive over the course of your life. In fact, the earlier a loss occurs after retirement, the greater the chance of depleting your retirement savings.

We can help you design an income plan incorporating insurance and investment vehicles to create opportunities for long-term growth as well as guarantee income throughout your retirement.

Life Insurance

We use independent brokerage services to help with risk management needs which include survivor income, key person insurance, buy-sell funding, or deferred compensation/executive bonus plans, creating tax-advantaged savings for retirement income. Design of policies to fund irrevocable life insurance trusts to pay estate taxes and keep valuable assets with your family.

Estate Planning

We provide assistance with education on the complicated concepts related to basic and complex estate documents. Help with decision making on trustees, guardians etc., so that the document is completed in a timely fashion. We make sure assets are appropriately titled, and beneficiary forms are completed to pass assets with minimal tax burden to your heirs.

Business Succession

A discussion, coaching and design of exit strategies for independent business owners. Plans created for triggering events including death, disability, retirement. Buy-sell agreement design and funding for the transfer of your business to the next generation, key employees, partners and so forth.

Generational Heritage and Charitable Planning

We use a process called “guided discovery” which helps to create a method of passing family values and traditions to the next generation.  Through the design and delivery of a “Legacy Statement,” families communicate what is important about their family that is separate from their financial assets. The goal is to create a family that stays connected and in communication as wealth is transferred to the next generation. This also leads to the discussion of  family charitable projects which bring family members together with a common purpose, resulting in the creation of a lasting family legacy.

Asset Allocation and Retirement Planning

This includes the quantitative measure of your long-term financial goals (often the focus is on retirement). This allows us to work together to create an appropriate asset allocation model that represents your risk tolerance and time horizon. We utilize institutional money managers offered through mutual fund companies to implement your investment plan.

Corporate Retirement Plans

We work with reputable third-party administrators to design 401k, profit sharing, and defined benefit pension plans for small businesses. These services include cross-testing and other creative solutions to help business owners create tax advantage retirement savings plans for their later years and minimize current income taxes as much as possible.

Tax-Free Income is based on a properly structured and funded non(MEC), Equity Indexed Life Insurance Policy.  Utilizing Partial Surrenders and zero or low cost loans, while keeping the policy inforce.

Tax-Free Income is based on a properly structured and funded policy. Utilizing Partial Surrenders and zero or low cost loans, while keeping the policy inforce.