about castle west financial's services

financial planning that works for you! At Castle West Financial, we tailor to helping you live the retirement you have worked so hard for.

Our unique planning process begins by understanding your goals and building a financial strategy to meet your goals. You, the client, are top priority and we are determined to work with you to provide you and your family the financial independence you deserve. Click each of the service boxes below to learn more about each service offered at Castle West Financial.

offering solutions in the following areas:

(Click the service title to get a more comprehensive overview of each)

benefit analysis

Federal Employee Group Life Insurance, also known as FEGLI, was established in the 1950s to provide group term life insurance for federal employees. Underwritten by Metropolitan Life (MetLife), these life insurance options consist of basic life, as well as three additional options. For some agencies basic life may be free, while others may pay premiums throughout their career. The additional option’s premiums are static across all federal agencies, but do increase every 5 years between ages 35 and age 80. Life insurance is one of the many benefits available to Federal Employees that can play an important role in protecting yourself and your family, both now and in retirement.

optimize finances

The TSP is a fantastic tool for federal employees to accumulate wealth throughout their careers. However, when it comes time to distribute their funds, the TSP can be a more restricted vehicle that imposes limits on how efficiently the money can be accessed. Thankfully, the TSP Modernization Act has eased some of these restrictions. Federal retirees are now allowed an unlimited number of post-separation withdrawals, and if they’re still employed, they are allowed an unlimited number of age-based, in-service, partial withdrawals after age 59 ½. They are also no longer be subject to proportional Traditional and Roth withdrawals. They can now withdraw funds from one or both. Federal employees will need to determine the method to withdraw funds upon retirement. Your clients can choose how they want their balance to be distributed from 4 different options.

You’ve worked hard, you’ve saved your nest-egg, and now you’ve ended the accumulation stage of finance. It’s finally time to preserve what you have and distribute it to yourself in the most efficient and safe way possible. This process is arguably the most important stage in your retirement since it will determine when and how much income you will receive. Preparing for income strategies is not just for the super wealthy. All soon-to-be retirees need to build an effective method that accounts for their lifestyle, future wishes, and endeavors.

Recognizing that no investor wants to have to pay more a cent more in taxes than necessary, we can analyze how certain financial products may make sense for your financial planning in order to minimize your tax burden. Certain strategies offer tax deferral so that you only pay taxes when you actually take a withdrawal. Other products, such as life insurance, also offer the opportunity to utilize income-tax-free income when structured properly.

It would be an understatement to say that family businesses are the backbone of the American economy. Some 90 percent of all businesses in this country are either family-owned or family-controlled. They come in all shapes, sizes and colors, representing all sectors of our economy. From agriculture to services, technology and manufacturing, family businesses generate an estimated one-half of the U.S. Gross National Product and pay half of all wages earned in this country.
Not all family businesses are traditional small businesses either. In fact, about one-third of all businesses included in the Fortune 500 are family businesses. But not all of the family business statistics are rosy.

Family businesses tend not to outlive their founders. At any given moment, 40 percent of family businesses are in the process of transferring their ownership. Unfortunately, two-thirds of all initial transfers fail. Of the one-third that survives an initial transfer, only one-half will survive a second transfer.

What else do we do?

social security optimization

investment strategies

tax minimization strategies

real estate

retirement planning

federal employee benefits

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