Financial & Retirement Planning

Financial & Retirement Planning

Got financial goals?  We’re happy to provide the tools to help you accomplish them.
Baker & Associates CPA wants nothing more than for everyone to retire, preferably as comfortable as possible after having achieved financial independence.

This could be accomplished by putting a certain number of years in as an employee and meeting all your financial goals.

It can also be done as a business owner by figuring out strategies for an ‘exit plan’ to transfer ownership to or find a buyer.

Whatever your financial situation or your starting place, Baker & Associates CPA wants to be your personal guide to get you to the goal of retirement and beyond.

What we offer
We work with local experts who are able to guide our clients through sometimes the challenging decision-making processes, including:
  • Asset allocation (what funds to put your money in, what risk level, and what percentage)
  • College funding (You can make tax-free deposits in certain savings plans for a child – and deduct the deductions and earn interest)
  • General retirement plans (Choose a plan that works best for you and your lifestyle)
  • Taxes (Look for ways to avoid these, either by avoiding early withdrawals or keeping up with required withdrawals)
  • Estate needs (Is your will and other paperwork in order to make sure your heirs receive what you want them to?)
  • Business succession plans. (Who will continue your company after you’re gone?)
What to know
Where retirement is concerned, we like to tell our clients to begin taking steps toward retirement as early as possible, even when they’re in their 20s or 30s. Putting together a plan at an early age can grow well over the years, compared to the person who scrambles in their late 50s.

There are legal “catch-up” options where you can put extra money into your funds for those who might be behind in their retirement plans. But a smarter strategy is to start early and let your funds grow over time.

Earlier ages might be a good opportunity to invest in riskier investments, and then switch to more conservative funds closer to retirement age.

How we can help
Whether you are developing an investment strategy or evaluating current investments, we can ensure that your portfolio will take into account tax implications for an advantageous after-tax return.

The road to retirement is a long one and we want to help you take the proper steps to reach your goals.
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