Comprehensive Financial Planning

At Strada Wealth Management, we champion a holistic and comprehensive approach to financial planning, focusing exclusively on your best interests through a fee-only model. We're committed to offering you the essential tools and insights necessary to navigate significant financial changes with confidence, whether you're approaching retirement, going through a divorce, or facing any other life transitions. Our dedication lies in empowering you and your loved ones to make well-informed financial choices.

Independent Financial: Retainer and Hourly Financial Planning

Empowering Financial Autonomy: For those who prefer a hands-on approach to their financial journey, Strada's Independent Planning Model provides a scaffold for comprehensive financial planning while ensuring you remain in the driver's seat. This model covers an exhaustive list of services from cash flow and budget planning to retirement, college, and home purchase planning, ensuring you're well-equipped to make informed decisions independently.

Pricing for our initial plans starts between $3,000 and $5,800, resonating with the complexity of your financial scenario. Our ongoing planning services are offered under a flat-fee, annual retainer model, ensuring custom-fitted financial guidance tailored precisely to your needs. Our commitment to personalized care is evident in our flexible meeting schedules, designed around your unique situations and preferences.

Retirement Income Planning

A Visionary Approach to Your Golden Years: Strada Wealth Management views retirement planning as a dynamic process that extends beyond mere savings to include crafting a vivid, fulfilling future. Our services span investment management, tax planning, and philanthropy, tailored to harmonize with your visions and life aspirations. A retirement strategy with Strada is balanced, considering both your present and future needs to ensure a seamless transition to your next life chapter.

Our fee-only ethos is at the heart of everything we do, guaranteeing that our recommendations and strategies are always aligned with your best interests. Whether you're laying the foundations for your financial well-being, navigating through life's milestones, or aiming for a serene retirement, Strada Wealth Management stands ready to guide you with integrity, clarity, and expert insight.

TAX AND ESTATE PLANNING

Tax planning is the analysis and arrangement of a person's financial situation or business operations to maximize tax efficiency. This process involves considering various tax laws and regulations to ensure all elements work together to allow you to pay the minimum amount of taxes.

Tax planning strategies can involve income splitting among family members, selection of the right type of investment considering its tax implications, choice of a suitable business structure, or considering tax deductions and credits that might be available.

The goal of tax planning is to provide tax efficiency, which means minimizing tax liability and optimizing the ability to contribute to retirement plans, carry out estate planning, and invest in a business or assets. It's an essential part of a person's financial plan and is generally executed with the guidance of financial advisors or tax professionals.

Estate planning is the process of managing and disposing of an individual's estate during their life and at and after death, while minimizing gift, estate, generation-skipping transfer, and income tax. It involves making plans for the transfer of your estate to other individuals or entities, such as charities, after your death.

Components of estate planning can include:

1. Wills & Trusts: Creating a will or setting up trusts to distribute your assets according to your wishes.

2. Beneficiaries: Naming beneficiaries on plans such as life insurance or retirement accounts.

3. End-of-Life Care: Establishing your healthcare directives and power of attorney to ensure wishes related to medical care and managing financial decisions are followed if you become incapacitated.

4. Guardianship Decisions: If you have minor children, this involves assigning guardianship rights to a trusted individual.

5. Estate Taxes: Minimizing potential estate tax liabilities that might reduce the financial value passed onto heirs.

Charitable and endowment Planning

Charitable planning, also known as planned giving, is the process of donating assets to charitable organizations as part of one's financial planning or estate planning. This enables individuals to support causes they care about, while also potentially benefiting from tax advantages.

Key aspects of charitable planning include:

1. **Outright Gifts**: These are immediate contributions made to a charity, frequently in the form of cash or securities, but it can also be real estate, artwork, or other assets.

2. **Bequests**: Charitable bequests are made through an individual's will or trust, specifying that a certain asset, a percentage of the total estate, or the remainder of the estate goes to charity after other obligations are met.

3. **Charitable Trusts**: These are more complex strategies that can provide income to the donor or others for a period of time, with the remaining amount going to the charity. Examples include Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs).

4. **Donor-Advised Funds (DAFs)**: These are accounts set up with and managed by a charitable organization. Donors contribute to the fund and receive an immediate tax deduction, and can then recommend grants from the fund to various charities over time.

5. **Beneficiary Designations**: Charities can also be named as beneficiaries of life insurance policies or retirement accounts.

6. **Charitable Gift Annuities**: These are agreements where the donor transfers assets to a charity in exchange for a lifetime annuity payout.

Charitable planning is not only a way to support organizations and causes that are important to you but can also be an essential part of your overall financial and estate strategy. It's recommended to consult with a financial planner or other expert when considering these plans, as they can have significant legal and tax implications.

Strada Wealth Management embraces a transparent, client-first philosophy in financial planning. Through our varied planning models and retirement income planning services, our mission is to confidently lead you through your financial journey with informed decisions and strategic acumen. If you're ready to take the reins on your financial future and embark on a path toward clarity and peace of mind, we're here to journey with you.