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Financial Planning Services

Image of Financial Planning Services Puzzle PiecesAt Financial Solutions Planning & Investments (FSPI), we focus on providing financial planning services that are centered around innovative solutions, brought to you by our team of qualified fiduciary advisors. Our local Albuquerque, NM and Boulder, CO clientele encompasses a diverse spectrum of age groups, earnings brackets, and unique financial aspirations. We are committed to understanding each client's current financial situation and future financial goals. Regardless of your current life phase, we’ll assist you in devising a customized financial strategy to help you better manage your finances and your future financial goals.

Our financial planning blueprint incorporates each interlinked financial “puzzle piece”, these are:

Investment Strategies

Investment planning is the key component of financial advancement, guiding individuals and businesses towards making their first step in achieving their long-term monetary goals. By strategically channeling resources into diverse financial portfolios, investment planning aims to maximize returns while minimizing risks. At FSPI in Albuquerque, our professional advisors will assist you in crafting a tailored investment plan based on your individual needs and risk tolerances. It is a great time to start planning, ensuring that your investment strategy is customized for your benefit, and at FSPI, we're ready to help you with our investment solutions.

Our financial planning services at FSPI covers multiple types of investments, including:

  • Active and Passive Investment Strategies: We navigate both approaches through clear, fee, and commission-based portfolio management.
  • Cost-Effective Index Funds and Exchange-Traded Funds (ETFs): Offering diversified options to suit your investment profile.
  • Individual Stocks and Bonds: Direct investments tailored to meet your financial goals.
  • Unit Investment Trusts (UITs): A fixed investment strategy providing a diversified portfolio of stocks or bonds.
  • Actively Managed Mutual Funds: Funds managed by professionals to target specific investment outcomes.
  • Variable and Fixed Annuities: Providing options that align with your long-term financial planning, where appropriate.

Retirement Planning and Goals

Retirement planning is a comprehensive process aimed at preserving financial security during one's golden years. At the core of retirement planning lies the understanding of retirement goals, encompassing aspirations, lifestyle expectations, and financial needs. Here at FSPI, we are experienced in crafting long-term retirement plans that help our Albuquerque, NM, and Boulder, CO clients plan for their financial futures, today. Our approach involves withdrawal planning, component consideration, and help with financial planning for health and long-term care in retirement. By tailoring strategies to individual circumstances and aspirations, we empower clients to navigate retirement with financial preparedness.

When Should I Start Planning For Retirement?

Planning for retirement in Albuquerque, NM or Boulder, CO is a process that should ideally begin as early as possible. The earlier you start, the more time you have to build a healthy retirement through savings, investments, and strategic financial planning. With FSPI, we’ll help you plan by establishing clear goals, evaluating your current financial situation, and make informed decisions on your retirement goals.

Legacy Planning

Legacy planning is approached with a deep understanding of the intricacies of personal and familial dynamics. We prioritize the welfare of your heirs by carefully reviewing your individual and family circumstances. Our comprehensive legacy planning approach considers various scenarios, including the loss of a spouse, second marriages, and the unique needs of special needs children. By carefully examining these factors, we tailor legacy plans to safeguard your assets, leaving a lasting impact that transcends generations.

Taxation and Other Revenue Obligations:

At FSPI, we incorporate Roth conversions and other taxation considerations into your legacy plan to bolster its effectiveness. Our approach takes into account:

  • Roth conversions: Strategically converting traditional retirement account funds into Roth accounts to potentially minimize future tax liabilities.
  • Related revenue contributions: Checking that tax obligations are carefully managed and accounted for within your legacy plan, honing its overall strength and longevity.

Insurance Coverage:

We conduct a complete review of your insurance coverage, which plays a key role in legacy planning, offering tailored solutions to meet your needs. Our local insurance services include:

  • Life and disability insurance: Providing comprehensive coverage to protect your family's financial well-being in the event of unexpected circumstances.
  • Long-term care insurance: Planning for potential long-term care needs to avoid financial strain on your assets.
  • Group and health insurance: Accessing quality healthcare coverage through our strategic partners, seeking comprehensive protection for you and your loved ones.

Business Ownership Strategies

Our strategic business ownership solutions approach considers the individual dynamics of your business, providing targeted strategies to safeguard your interests and promote continuity for future success. We help you when navigating the complexities of buy-sell planning, and understanding the nuances between “fair vs. equitable” solutions. We address the intricacies of:

  • Succession planning: which is essential for business continuity.
  • Valuation considerations: crucial for assessing business worth.
  • Structuring agreements: a pivotal factor for clarity and accountability.

Additional Financial Planning Services We Offer:

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Business-related plans encompass various aspects, including: insurance analysis, 401(k)s, Solo 401(k)s, SIMPLE IRAs, SEP IRAs, and traditional IRAs.

  • Crafting plan designs
  • Educating employees
  • Providing fiduciary support
  • Monitoring investments
  • Benchmarking plans
  • Executing RFPs to ensure optimal plan performance.

Estate and Tax Planning Services: Collaborated with Attorneys and Accountants Prior to investing in ETFs and mutual funds, investors should thoroughly assess a fund's investment objectives, risks, charges, and expenses. Fund prospectuses provide this information and more, available upon request from your financial advisor. It is imperative to carefully review prospectuses before making any investment decisions.

Personalized Financial Planning Solutions:

Develop a personalized financial plan starting today, for your financial future with FSPI. We serve clients in Albuquerque, NM and Boulder, Co. With our extensive range of financial planning services, individualized approach, and dedication to client success, FSPI is your chosen partner in planning your financial goals. Our professional financial advisory team will collaborate closely with you to craft tailor-made solutions suited to your personal circumstances and aspirations.

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Converting from a traditional IRA to a Roth IRA is a taxable event. A Roth IRA offers tax-free withdrawals on taxable contributions. To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.

For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Purshe, Kaplan, Sterling Investments nor any of its representatives may give legal or tax advice.