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Individual Services

Focused on you. Dedicated to your success.

Elder Care

With McCarthy & Company's elder care services, you get the help of a caring, honest and knowledgeable professional. Someone on your team, looking out for the best interests of your parents or grandparents.

Your loved ones receive the assistance needed with their daily finances and business duties and you will be informed of every step we make. That way, you always know that your family member's needs are being met.

Whether your loved one is no longer entirely independent or simply needs extra help to enjoy their lives, McCarthy & Company can help in any of the following areas:

  • Reviewing and paying household bills, budgeting, and record keeping.

  • Assistance with check writing and checkbook balancing.

  • Making sure money is received, receipted, and deposited.

  • Handling day-to-day financial transactions.

  • Planning retirement account distributions and safeguarding against improper disbursements.

  • Organizing and reviewing personal, financial, and legal documents to determine what needs to be addressed.

  • Preparing an inventory of personal assets and investments.

  • Identifying and planning retirement income, needs and goals.

  • Determining current and long-term cash flow needs by analyzing income and expenses.

  • Addressing questions about lifestyle, Social Security, pensions, Medicare, and long-term insurance.

  • Monitoring their investment portfolio and other assets in conjunction with their investment advisor.

  • Preparing, planning and filing income, trust, gift and estate tax returns.

Estate Planning

Planning what happens to your estate when you're gone can be intimidating without qualified help. Failing to have an estate plan could result in paying 50 percent or more of the value of your estate in taxes. Your heirs could be left with a lot less than you intended.

Every estate planning situation is different. McCarthy & Company's estate planning professionals will take the time to get to know you, your unique situation, and the nature of your relationships. We will provide you with recommendations and useful tools to make your planning simple and efficient.

McCarthy & Company's professionals will be available to you throughout the process to answer your questions, adress your concenrs, deal with change of circumstances, and plan for alternative course of action. We will work with you to:

  • Clearly define your estate planning goals.

  • Organize and create your estate planning team (experts on law and finance), if needed.

  • Evaluate and recommend estate planning options.

  • Prepare, organize and review your estate planning documents including current wills, trusts, health care and power of attorney.

  • Help decrease the problems and expenses associated with probate.

  • Lessen taxes at time of death.

  • Arrange for management of your estate in the event you are incapacitated.

  • Draft a working plan for conserving and effectively managing your estate after death.

  • Transfer the assets of your estate to heirs the way you want.

  • Organize fair and adequate liquidation of estate to cover taxes and other expenses.

  • Amend your plan as needed.

McCarthy & Company can also help establish:

  • Living Wills and Trusts

  • Lifetime Family Wealth Transfers

  • Charitable Contributions

Financial Planning

Building and preserving your personal wealth requires specialized attention. With McCarthy & Company you will get one-on-one guidance and a comprehensive financial plan that helps manage risk and improve performance with the goal of growing and preserving your wealth.

McCarthy & Company's professional advisors can help you:

  • Save enough for a comfortable retirement by identifying your needs, analyzing your assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.

  • Pay for your child's college education by estimating the amount of money you'll need, analyzing your assets, considering alternatives and strategies to help address potential shortfalls, and developing an optimal savings plan given your financial situation and risk tolerance.

  • Protect your family in case of you become disabled by estimating how much money should be in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also look at your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and cannot manage them yourself.

  • Help to achieve your investment goals by identifying the steps intended to maximize your investment returns, as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.

  • Leave a legacy for your heirs by providing a plan for passing your estate on to them.

Retirement Planning

Whether you're already retired, close to it, or just getting started in your career, it's never too early to start thinking about retirement planning. Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, retirement is right around the corner.

Some of the benefits of starting your retirement planning now instead of later include:

  • Providing long-term security for your family's future
  • Tax-free contributions which are subject to income tax only after withdrawal, typically when you retire
  • Protection from bankruptcy creditors, if needed
  • Selection of retirement plans (IRAs, SIMPLE Plans, SEP plans, Keogh plans, and 401(K) plans to name a few) to meet your needs

The key to successful retirement planning is an understanding your current financial situation, projecting future needs and developing a plan to help make it happens. McCarthy & Company's professionals will:

  • Evaluate your current financial situation, including assets and liabilities to achieve an overall value for your estate.
  • Calculate the best way to withdraw funds from your 401K, IRA, Roth IRA, and other retirement plans, for example lump sum or installments over a certain period of years.
  • Create a budget that meets your retirement goals.
  • Review your individual Social Security account to determine when to begin taking your benefits
  • Figure out which retirement plan works best for you and your family, how much you need to contribute now to make sure you have enough money to live comfortably.
  • Determine whether you or your business qualifies for a tax credit for contributing to an IRA.
  • Develop a comprehensive retirement plan, keeping in mind that it is likely to change over the years as your life changes.

Wealth Management

High net worth individuals can benefit from working with an advisor that will focus on managing their wealth. McCarthy & Company has the breadth of knowledge and depth of experience to help you protect your assets, fund your retirement and provide for your family. We offer planning services in the following areas:

  • Estate 
  • Retirement 
  • Disability
  • Pension 

Experience McCarthy & Company! Discover how you will benefit from working with us.

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