Financial Planning
Good financial advice requires a foundational understanding of one's goals: why it is necessary, what your objectives are, whom it is benefiting, where you are in the process, and when you want to accomplish it. Reviewing your assets, liabilities, cash flow and budgets is critical to this discovery. Once your goals and current financial situation are understood, we stress-test various scenarios through numerous market conditions to determine the likelihood of your overall success. We establish a roadmap to strengthen your plan for a favorable outcome, outlining actionable and measurable steps with a reliable outlook of achieving what's most important. This disciplined approach provides the confidence in knowing you are heading in the right direction.
Consultation Categories: Retirement, Children's Education, Emergency Funding, Health Care, Life Insurance, Major Purchases, Estate Planning, Divorce Planning, Business Succession Planning, Pension Analysis, Investor Risk Assessment, Risk Return Analysis, Portfolio analysis, NUA Company Stock Analysis, 72(t) SEPP Early IRA Withdrawal Analysis, Budgeting, and Debt Management.
Fee-Based Investment Services & Wealth Management
Strong Tower Advisors works hand-in-hand in implementing a custom investment solution that turns financial visions into reality. We strive to provide clients with a wide range of professionally managed and well-diversified investment portfolios to achieve their primary intentions with their wealth. Our investment process periodically rebalances our clients' accounts according to their individualized objectives, risk tolerances, tax implications, and other critical financial needs. As fiduciaries, investment management is done on a fee basis only. Annual reviews are essential to ensure clients are on track according to their stated goals, risk tolerances, market conditions, and any life changes that may alter their situations. As life changes and goals evolve, Strong Tower Advisors assures your financial plan and investments do too. As a client, your economic well-being is the top priority.
Investment Accounts and Strategies: Retirement Accounts (such as IRAs, Roth IRAs, Solo-Ks, Simple IRAs, SEP IRAs, and 401(k)s), Individual Accounts, Joint Accounts, UTMA (minor) Accounts, Business Accounts, Trust Accounts/Services, Annuities, Private Banking, Securities-Based Lending, Tax Harvesting, Traditional and Alternative Investments (Single Security Selections, Mutual Funds, Exchange Traded Funds, ESG Funds, Donor Advised Funds).
Employer-Sponsored Retirement Plans
Financial well-being solutions are essential to attracting and retaining good employees. Transamerica's Retirement Survey states, "Eighty-two percent of workers are saving for retirement through employer-sponsored plans, such as a 401(k) or similar plan, and/or outside the workplace". Providing these services has become crucial to the financial well-being of employees. Strong Tower Advisors offers employer-sponsored retirement plans to fit companies of all sizes.
Retirement Plans Offered: 401(k) plans, 403(b) plans, Solo-Ks, Simple IRAs, SEP IRAs, Profit Sharing, Pensions, and Executive Compensation strategies (Non-Qualified Plans).
Employer-Group Health and Supplemental Benefits
Having adequate health insurance for your business is essential to talent acquisition, retention, and business continuation. Strong Tower Advisors offers group health coverage from various carriers for HMOs and PPOs to provide your organization with the best plan to meet your needs. Moreover, supplemental employer benefits provide additional financial protection for you, your employees, and their families. To help protect against these unknowns, we provide group products for all situations.
Product Types: HMOs, PPOs, HSAs, Group Life, Accident, Cancer, Critical Illness, Dental, Vision, Hospital, Life, Short-Term and Long-Term Disability.
Life, Health, Disability, and Long-Term Care Insurance
Protecting your life and health is equally as important as protecting your wealth. Strong Tower Advisors helps ensure financial resources and services are available to take care of what matters most when the tragic and unforeseen happens to you or your loved ones. We review your health insurance options to secure the best coverage and price to meet your needs. Additionally, we evaluate your existing life insurance policies to confirm no gaps in coverage, safeguarding your family's future in case of an untimely death. Lastly, we provide clients with access to disability and long-term care coverage to meet financial, medical, and personal care needs over an extended period.
Products List: Term Life, Whole Life, Universal Life, Indexed Universal Life, Disability Insurance, Long Term Care (LTC) Insurance, and Individual/Family Health Plans.
Medicare Advantage & Supplement Plans
Like no individual and their needs are exactly alike, neither are the customized solutions provided. Strong Tower Advisors helps you review the Medicare landscape, making it easy to understand coverages and find the plan that fits you best.
Products Provided: Medicare Advantage (Part C) and Medicare Drug Coverage (Part D). Medicare Supplement (Plans A, F, G, and N), Dental & Vision, Hospital Indemnity, Critical Illness (Cancer, Heart Attack or stroke), and Death.
Legacy & Succession Planning
What impact do you want to make with your wealth and business? Strong Tower Advisors provides insight into legacy and succession planning solutions to protect what you have worked hard to build. Let's find ways to maximize your legacy to align with your wishes now and into the future. Wealth transfers require due diligence into personal wealth goals, tax considerations, business and family dynamics. Illiquid business assets can make retirement, estate, and succession goals complex. Strong Tower Advisors helps develop financial solutions to prepare and protect for the inevitable every step of the way so that you and your heirs can be proud of your accomplishments.
Strategy Solutions: Gifting Strategies, Life Insurance, Donor Advised Funds, Revocable Living Trusts, Qualified Domestic Trusts, Family Limited Partnerships, and Irrevocable Trusts (which include Life Insurance Trusts, Testamentary Trusts, Charitable Trusts, Grantor Retained Annuity Trusts, Dynasty Trusts, etc.).
Notary Services
Introductions to Estate, Succession, Investment Banking and Tax Professionals