Retirement Plans
American Retirement statistics
Where Do You Stand?
Manage Your Savings: You work hard for your money. We make sure your money works hard for you. Whether you are an employee saving for the future or a business owner protecting your staff, we work to keep your qualified retirement plans appropriately allocated for growth and stability.
401(k) Planning
Preserving Your Business and Your Future
You worked hard to build your company. We work just as hard to safeguard it...
Specialists At Your Service
Company retirement plans are our specialty... From establishing a sound Investment Policy Statement (IPS) to managing fiduciary liability and preparing for potential audits, we handle the heavy lifting.
Simple IRA
Your Retirement Matters
SIMPLE IRA... For small business owners, offering a retirement benefit is a powerful way to attract and retain talent... Matching contributions belong to the employee immediately. This means their savings are fully portable.
A Flexible Future
SIMPLE IRAs offer the security of IRAs, with added flexibility and benefits. Matching employer contributions belong to the employee immediately and can go with them whenever they leave, regardless of how long they stay with that employer. With low start up and maintenance costs and automatic contributions, a SIMPLE IRA may be the most effective way for you to save for retirement.
A SIPMLE IRA is a great solution for some smaller companies that is a low cost alternative to having a 401K or a pension plan. With the SECURE Act 2.0 passing in 2022, the SIMPLE IRA became an even more attractive option with the addition of ROTH contributions.
A SIMPLE IRA (Savings Incentive Match Plan for Employees) allows employees to make salary-deferral contributions on a pre-tax basis (and in some cases Roth, after-tax), while requiring employers to make contributions either through a match or a fixed contribution for eligible employees. SIMPLE IRAs are straightforward to set up and maintain, have lower administrative burdens than traditional 401(k) plans, and do not require annual nondiscrimination testing. All contributions are immediately vested, meaning employees own the full balance right away, making SIMPLE IRAs an attractive and practical retirement benefit for both employers and employees.
SEP IRA
Simplified Employee Pension Plan
Simplified Employee Pension (SEP IRA)... This plan is often ideal for small professional offices or self employed individuals who want to reduce their current tax bill by putting away substantial pretax dollars.
A Simpler Way To Save
SEP IRA’s are most often found in small professional employer offices due to the high contribution limits but have very specific requirements. If you’re a small business owner and want to put a lot of money away pretax, this might be the right plan for you. Call our office to discuss the specifics and make sure this works in your situation.
Pension Plans
Your Retirement Matters
Is a Pension Right for You?... If you are later in your career and need to catch up on retirement savings, a Defined Benefit plan may be the solution... Full Lifecycle Support: Whether you are looking to install a new plan or manage an existing one, we provide the expertise you need.
Need To Liquify Your Pension Plan? We Can Help.
Pensions can also be known as Defined Benefit plans and are not commonly used in today’s market. The pension plan sponsor, or your employer, oversees the investment management and guarantees a certain amount of income when you retire. Not only can we support your business in the installation or management of a pension, but we can also support your organization in the liquidation or wind down of a pension.
Insurance
Independent Insurance Consulting
Your financial future depends on more than just investment returns. It also depends on protecting the wealth you have already built. Life, health, and disability insurance plans provide a vital safety net for you and your loved ones in the event of unexpected illness or loss of life. At Ascent Wealth Management, we offer independent insurance consulting. Because we are not tied to any single provider, we work exclusively for you. We shop across the entire marketplace to find the solution that fits your specific needs. We often find opportunities to reduce the premiums you are paying while aiming to maintain or even increase your coverage.
Plans that Protect
Disability
Your ability to earn an income is your greatest asset. We help you protect your paycheck when unexpected illness or injury prevents you from working. We offer both short term and long term coverage options to keep your financial plans on track.
Life
Provide for your family if the unthinkable happens. We help you design a plan that ensures your beneficiaries have the funds to cover essential expenses and maintain their lifestyle in the event of your death.
Disability insurance
Disability Insurance
Long Term Disability
Long term disability insurance protects your income in the event of serious injuries and illnesses that keep you out of work for three months or longer. This includes permanent disabilities that leave you unable to return to work. Long term disability coverage is an intelligent investment for healthy, employed individuals who want to protect their financial security for the future.
Disability Insurance
Short Term Disability
When an illness or injury temporarily prevents you from working, short term disability insurance steps in to cover lost income. To qualify for short term disability benefits, an employee must be unable to do their job, as deemed by a medical professional. Benefits last for a specified period and ensure your bills get paid when an unexpected illness or injury requires time to heal.
Life Insurance
Life Insurance
A Secure Future
Would your family be able to afford essential expenses if you were to pass away? Life insurance helps with planning for your loved ones’ long-term health and happiness, providing you with peace of mind that your loved ones are financially protected. The money from your insurance policy’s death benefit will help your family meet many important financial needs like funeral costs, daily living expenses, and college funding.
Life Insurance
Affordable Peace of Mind
Life insurance is less expensive and more accessible than you may think. It also offers additional benefits to the policy holder. Permanent life insurance can build cash value over time in addition to providing a death benefit to your beneficiaries. This benefit can be used for many purposes, providing a wide range of additional benefits to your family. We can help you find the right plan to suit your needs and support your future.
Financial Planning
Strategic Asset Preservation
The Power of a Trust: More Americans are discovering that trusts are not just for the ultra wealthy. They are a practical way to define how your assets are managed and preserved. Whether you are looking to reduce estate taxes or maintain privacy, we can help you determine the right type of trust for your circumstances.
Cash Management Strategies
Make Your Savings Work for You: Is your business cash sitting on the sidelines? We frequently see companies holding excess capital in accounts that produce little to no return. We help you identify these inefficiencies.
Comprehensive Wealth Strategy
True wealth management is more than just picking stocks. It is about connecting your resources to your goals. We evaluate your current financial state and use detailed projections to create a clear path forward.
College Planning
A strategy for saving
The Gift of Education Is One of the Most Valuable Gifts You Can Give
Every parent wants the best for their child, which means you need a plan. College costs are rising, and navigating the funding process requires professional guidance. It is critical to start early and stay informed to make the most of your resources.
Professional Guidance: Through immense industry experience, our team is prepared to guide you through the hazards of college funding. We help you look for opportunities to optimize your savings and manage the impact on your taxes.
Modern Gifting Strategies: We make it easy for your 'village' to support your student. Whether it is a legacy gift from grandparents or a digital contribution from friends on social media, we have options that allow everyone to work together to make the cost of education achievable.
The Bottom Line: Properly investing in your child’s education sets them up for a lifetime of success. Let us help you build a strategy that strives to make the dream a reality. With new tax rules that allow 529 Accounts to convert to Roth IRA and ever-increasing costs of college, it's almost impossible to have too much money in a college account.
Charitable Giving
Minimize estate taxes using CLTS and CRTS
Maximize Charitable Giving
A healthy and happy community thrives off of the charitable giving from people like you.
We’re here to help you along the way, ensuring you maximize the benefit of your charitable intentions. Our professional strategies are put in place in order to maintain your personal financial freedom while still accomplishing your donation goals.
Get started by learning how to maximize your charitable giving, while minimizing taxes at the same time. The two most popular types of split-interest trusts are Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs). We’re here to help you navigate the two.
We also have a comprehensive relationship with a donor advised funds that can allow you to leave a legacy gift that makes certain your charitable interests are never forgotten and never-ending.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
What is a Donor-Advised Fund?
Think of a Donor-Advised Fund as a charitable investment account that allows your generosity to grow tax-free. You receive an immediate tax deduction when you contribute, but you can structure the fund to provide perpetual, ongoing support to your favorite charities rather than just a one-time gift. It is the simplest way to turn a single contribution into a lasting legacy. Ask us how to set up a perpetual giving plan today.
