Solutions for Individuals
"If you look closely, most over night
successes took a long time."
- Steve Jobs
Through Jeff Czerwinski, Axiom Financial & Insurance Solutions provides individuals and families with innovative, cutting-edge products and services to help them grow, protect and conserve their wealth through all stages in life. Taking into account your needs, goals and tolerance to risk, we will work with you to bring clarity to where you’re going and how to get there. Some of our key services are detailed below.
Portfolio Review
Wealth Management Solution
Most people have many resources and multiple advisers, but their advisers aren't acting together as a team and their resources aren't coordinated. The client is often left to orchestrate the entire process themselves without adequate knowledge, time, or desire. They often don't know what they don't know. What's needed is a central point for all relevant information to flow to and from, so you know what you own and why you own it.
Gone are the days when individual advisers, operating in separate disciplines, offer the most advantageous way to handle planning for those who've spent a lifetime of sweat equity amassing significant net worth.
Just as a Chief Financial Officer pulls everything together for a business, we advocate the placement of a financial adviser on your planning team.
Mobile Integrated Wealth Management
Integrated Wealth Management is also available via iPhone, smart phone, or tablet. Here you can review vital information such as:
- Balance sheet, income summary, and net worth at a glance
- An overview of investments
- Key insurance policy information
- Market information
- Links to all advisers
The most important service we can do for you is to listen to you explain your goals and financial objectives. Then, we start asking the questions that compel you to weigh your objectives and honestly evaluate your priorities, based on the goals you have developed.
Through thoughtful listening we discover what is really important to you, what your business goals are and what are your personal wishes. This way your unique financial situation can be accurately addressed.
Helping you understand all available solutions and analyze appropriate models is an important part of your planning process. Axiom Financial is competent to creatively structure the most efficient strategies for your total peace of mind.
Retirement Planning
Annuities
An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed* stream of income payments.
Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement.
Variable Deferred Annuities
A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy's accumulated value fluctuates with the performance of your investment account. There are fees, expenses and risks associated with the contract. Please be aware than assets allocated to the investment divisions are subject to market risks and will fluctuate in value.
Fixed Interest Deferred Annuities
With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount. For many people, this provides a measure of security about their investment.
Lifetime Income Annuities
An income annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform.
Income Tax Planning
Tax Planning is the logical analysis of your present financial situation and implementing strategies to mitigate current and future tax liabilities. The purpose of tax planning is to discover how to execute all processes of your financial plan in the most tax-efficient manner possible.
Careful planning throughout the year can assist you in reducing the taxes you pay, as well as, help you achieve your financial goals. Tax planning is only one step of the process of financial planning*, it should be coupled with all other components to help you reach your objectives. By developing and implementing appropriate strategies to lessen or shift current and future tax liabilities, you can improve your prospects of meeting long- term and short-term goals. Please remember, tax laws are often complex and frequently change. It is important for you to consult your tax advisor before making any investment and tax decisions.
Estate Planning
You have dedicated yourself to building and protecting your estate so that you can pass on the fruits of your labor to your heirs. It is important to have a plan for any unforeseen circumstances or changes in estate tax codes that will affect the inheritance you pass on. A well-developed estate plan can help minimize tax liability and ensure that your loved ones are protected. We work with you and other key advisors to analyze your current situation, assess the potential impact of state and federal taxes on your estate, and develop a customized plan that will maximize the benefits for you and your family. You have worked hard to build your legacy, we will work hard for you to keep it in tact.
Asset Protection
There are numerous financial strategies and retirement income plans that can help you accumulate assets for the future, shield your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.
Charitable Planning
Charitable planning allows you to support the organizations and causes that matter to you, while often providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.
Disability and Extended Care Needs
To execute a sound retirement strategy, asset and income protection are a must. Designing a plan that encompasses managing costs for extended periods of care and disability insurance can help create the necessary balance in a portfolio to ensure stability and protection of assets.
401(k) and IRA Rollovers
When you leave a job or retire, you have a decision to make regarding your 401(k) money. While leaving those assets in the former employer’s plan is an option, a rollover can be a consideration. Working with your tax advisor, we can help you determine the right course of action for you. This may include: leaving the funds in your existing plan, if permitted, or rolling them into your new employer's plan, if one is available and rollovers are permitted. Each choice offers advantages and disadvantages, depending on your specific needs and retirement plan, such as the desired investment options and services, applicable fees, expenses, and withdrawal options, as well as required minimum distributions and tax treatment of applicable options.
Insurance Review
Life Insurance
Many people think that life insurance is only for people with families. While it is true that life insurance can help provide for the needs of dependents, life insurance also can be an important part of a well-thought-out estate, business succession or charitable giving plan. And permanent life insurance offers many living benefits as well, such as tax-deferred cash value accumulation. For all of these reasons, life insurance can be important for someone starting out – or for someone who's starting over.
Whole Life
Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.
Term Life
Term Life policies provide coverage for a specific amount of time – such as 5 years, 10 years or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.
Universal Life
Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.
Variable# Universal Life
Variable Universal Life combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You can allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Assets allocated to the investment divisions are subject to market risk and may lose value. Of course, with investment opportunities comes risk along with the potential for reward.
Survivorship Life
Survivorship life insurance – available as whole life, universal life or variable universal life# – covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.
Long Term Care Insurance
Long-Term Care Insurance is still a relatively new type of insurance product. Many people do not understand what long-term care insurance policies cover, how and when the policies pay benefits, and who should obtain coverage.
Interested in learning more about one of our services? Contact Us.
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