Personal Planning : Wealth Conservation Group, Inc. | Melville, NY

Personal Planning

As with most other things in life, the key to achieving your long-term financial objectives is planning. Your goal may be to fund your children's college education, protect your family during your working years, or guarantee your own retirement security. These goals cannot be reached without active preparation and planning. It is important to determine what you would like to achieve financially and then map out a strategy that will help you meet those goals. We know that planning your financial future can be intimidating. With Wealth Conservation Group you don't have to do it alone. We can help you identify your financial needs and determine which insurance and financial products will best help you meet your objectives.

  • Estate
    Planning Strategies

  • Asset
    Protection

  • Charitable
    Planning

  • Disability
    and Long Term Care

  • 401(k) and
    IRA Rollovers

  • Funding a College Education

  • Inheritances

Estate
Planning Strategies

A well-engineered estate conservation plan can minimize tax liability and ensure that loved ones are protected. We will work with you and your other advisors to assess the impact of state and federal taxes on your estate and suggest strategies to help minimize those taxes while meeting your personal philosophies and family needs.

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 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 Long Term Care

To execute a sound retirement strategy, asset and income protection are a must. Designing a plan that encompasses long term care insurance and disability insurance can 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, rolling them into your new employer's plan, if one is available and rollovers are permitted, rolling them over to an Individual Retirement Account (IRA), or taking a cash distribution. Each choice offers advantages and disadvantages, depending on your specific needs, personal circumstances and the retirement plans, such as the desired investment options and services, applicable fees, expenses, and withdrawal options, as well as the required minimum distributions (RMDs) and tax treatment of the applicable options.

We do not offer tax advice. Please consult your tax advisor regarding your personal situation.

Funding a College Education

Planning early for college can help eliminate the financial stress when the time comes. We understand the importance of funding your child’s education and can offer options to help meet that objective.

Inheritances

Grandchildren are a special extension of a grandparent’s love and legacy. A Joint New York Life Guaranteed Lifetime Income Annuity is a simple financial tool that can help grandparents leave a lifelong inheritance to a beloved grandchild.