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Planning Services

HR&S Financial Services, LLC - "Providing financial direction for businesses and individuals."

Our professional staff can help you prepare for the situations you encounter in life through the analysis, design and implementation of financial planning, college planning, estate planning, and retirement planning.

Financial Planning

The development of a financial plan can be comprehensive in which you consider all aspects of your financial situation (needs and objectives) and use several integrated and coordinated planning strategies to meet those needs and objectives. A financial plan can also be a simpler design in which you focus on one large category of need such as insurance, and integrate tax and estate planning strategies to meet the insurance objective. Our professionals can help you define and develop the type of financial planning strategy you require-one that is tailored to your needs and objectives.

College Funding Planning

The skyrocketing costs of sending a child to college can become quite a daunting undertaking for many parents and grandparents who wish to establish a college funding plan. Saving for a college education, however, is like any other investment. The sooner you get started, the more time you will have to weather the ups and downs of the market and increase the chance of accumulating a substantial nest egg. Our professional team can direct you to the many different types of savings and investment plans geared specifically to funding your child's college education. Selecting the right plan depends largely on your income, your ability to save and the number of years you have until you need to make withdrawals for tuition payments. Some plans even offer significant federal tax advantages. We will help you understand the different types of plans and help you choose the one most suited to your family's needs.

Estate Planning

Estate planning is very complex and subject to changing tax law. Providing for your loved ones while you are alive to do so and minimizing the effects of federal and state taxes on your assets upon your death can be two motivating factors to create an estate plan. A well-designed estate plan should include the services of an estate planning attorney (to prepare the legal documents such as wills and trusts), a tax accountant (to help you determine what your estate taxes could be) and our financial services professional (to guide you through the different insurance and investment vehicles available to build your plan). We will work in conjunction with your attorney and tax accountant to develop a plan best suited for your needs. We can also provide you with attorney and accountant referrals if needed.

Retirement Planning

For individuals, the ability to maintain your current lifestyle during the golden years of retirement is mostly a result of wise retirement planning during your working life. As social security benefits cover a smaller and smaller percentage of a retiree's expenses, the need to plan for additional sources of retirement income becomes more significant. For a business owner, an employer-sponsored retirement plan can offer significant advantages to you and your employees, such as tax-deferred growth and tax savings. In addition, a retirement plan may give your business a competitive edge in attracting and retaining qualified employees as part of your employee benefit package. Our professional staff can help you analyze your retirement goals and help you determine what type of plan design is most suitable for your individual and/or business needs. We will guide you through the many retirement vehicles available to you-be it an IRA, SEP-IRA, 401(k), 403(b), 412(i), defined benefit, defined contribution or profit sharing plan, to name a few.

Only after a strategy has been developed will HRSFS begin the process of implementation action, if the client so chooses.

* Mutual funds are sold by prospectuses, which contain complete information about charges and expenses. Read the prospectus carefully before you invest or send money.

Contact Us

HR&S Financial Services, LLC welcomes your requests, comments, questions, and/or concerns. Simply fill out our contact form.