Financial Services
ZMC & Associates is more than a tax services company. We strive to give our clients a full range of financial planning and wealth planning expertise at every stage of life. Whether you own a business or work for one, our planning professionals are well-trained to help guide you to a successful retirement and beyond.
The ZMC Approach
Our unique, personally-tailored approach takes a holistic view of your finances, from tax obligations and savings to life insurance, spending and, most importantly, your personal goals.
Over the years, in our role as family office director for clients, we researched ways to offer the same cohesive approach to finances enjoyed by the wealthiest Americans. As a result, we have created a successful alternative planning method that includes:
- A Taxes First, then Math™ approach to decision making that represents an improvement on the traditional fiduciary standard. This updated methodology fits with the objectives we have for our clients.
- Our Control the Controllable™ method, which includes a comprehensive leveraging of taxes, costs, and diversity as well as risk.
Using these proven techniques, we create and deliver comprehensive solutions that are custom-tailored to meet your unique needs.
Our approach addresses the primary questions most clients have about their financial security and future well-being, including:
Personal Planning
Everyone stresses about paying for big life events and having enough left for funding their retirement. Having enough savings to live comfortably once you stop working begins with an honest, sincere review of your lifestyle, health, and goals. Of course, the sooner this is done, the better prepared you will be for college tuitions, weddings, and retirement. Your personal journey will determine the savings required. Things to examine include:
Wealth Management
Accumulation of wealth is a careful combination of income, spending, and investing with a purpose. This is an ongoing process that requires routine review and adjustments as we examine the important elements of your strategy, including:
- Cost Containment
- Wealth accumulation strategies
- Concentration Avoidance (fixating on one stock or industry)
- Risk-aligned Asset Allocation
- Control The Controllables™ disciplined process
- Non-qualifying insurance for tax-free retirement.
Tax Strategy
We develop tax strategies that help minimize obligations for both the short and long term. By understanding your goals and carefully balancing the tax structure to meet your objectives, we use the tax code to your long-term advantage. Our proactive approach includes careful review and possible adjustment of:
- Highly Appreciated Assets
- Business Structuring
- Asset Allocation Optimization
- Loss Harvesting.
Estate Planning
When your personal financial success and family wealth accumulation reaches a level beyond your lifestyle needs into retirement, it’s time to discuss estate planning strategies. Estate planning is a wealth protection and preservation process that helps direct your assets to accomplish both accumulation goals as well as personal legacy gifts, philanthropy, and of course, proper distribution to preserve the lifestyle and education of loved ones. Your estate plan is more than a comprehensive document. It represents a proactive, comprehensive plan involving interrelated assets, goals, and actions needed to achieve your desired outcomes.
In particular, your ZMC & Associates professionals will assist you in developing and managing these key estate concerns, including:
- Tax Mitigation Strategies
- Family Foundations
- Specialized Trusts
- Legacy Planning
- Business Exit Strategies
Retirement Planning
We believe your assets should work for you as hard as they can to benefit you today as well as in the future. And, since your retirement involves multiple considerations, we address your entire financial picture, not just your retirement savings accounts. Our retirement planning team provides guidance over many elements, including:
- Risk Alignment
- Liquidity Alignment
- Social Security Strategy
- Sequence of Withdrawals optimization
- Insurance policies
Business Planning
Whether you drive a big rig or own a chain of convenience stores, the long-range success or failure of a company can often be attributed to the lack of planning of the owners. Failing to anticipate market changes, capital needs, labor, and competitive forces are common enemies of growth. Being able to predict the future is tough, but anticipating change and planning resources for potential change scenarios is what we help businesses do every day.
While your situation is unique, the ZMC & Associates team has hands-on experience working with businesses like yours. We help in a variety of ways, including:
- Fractional CFO Services
- Tax Strategies
- Budgeting and Cash Management
- Insurance Planning
- Business Continuation Insurance
- Life Insurance
- Business Exit Planning Strategies
- Buy-Sell Agreements
- Entity Selection
- Defined Contribution Plans
Almost 55% of working Americans do not have a retirement plan. The problem is so important that in 2019 Congress passed the Secure Act, setting the stage for individuals and businesses to address retirement in a more aggressive manner.
If you own a business with employees and do not offer a 401(k) plan, be prepared to begin looking into options soon, as the Government will soon be expecting to see some offering as a matter of compliance. And, that may include offering certain part-time employees access to retirement savings as well.
A plan that answers these questions can be translated into a budget. The cost of these activities will reveal what will be required from retirement savings and retirement income.
Your ZMC & Associates financial team will help you establish a retirement savings plan for you and your employees that fits your needs and your budget.
Life and Health Insurance
ZMC & Associates look at your insurance needs from two perspectives: income protection when the unexpected happens and as a vehicle to fund other important life and retirement objectives. Our licensed investment and insurance advisors review your obligations, assets, business and retirement goals to offer solutions that work together to maximize your insurance dollars.
We help our clients use the proper insurance tools to meet their personal needs, including:
- Health Insurance policies for the family and Employees
- Life Insurance policies, including policies that offer tax-free retirement opportunities
- Business insurance policies that protect income, property, and partner transitions upon death.
Insurance is a personal and complex discussion. We invite your call to talk about your specific needs and let us discuss smart and exciting ways to leverage the protection you need with the financial goals you strive to achieve.
Wealth Management
Beyond taxes, ZMC & Associates spends a considerable amount of time working with clients on their personal wealth management challenges. Accumulation of wealth is a careful combination of income, spending, and investing with a purpose.
This is an ongoing process that requires routine review and adjustments as we examine the important elements of your strategy, including:
- Cost Containment
- Wealth accumulation strategies
- Life Goals And Your Overall Financial Plan
- Concentration Avoidance (fixating on one stock or industry)
- Risk-aligned Asset Allocation
- Control The Controllables™ disciplined process
- Non-qualifying insurance for tax-free retirement.
You work too hard for your money not to invest a little time and effort in mapping out a wealth accumulation strategy that will deliver you to the kind of retirement and legacy that you deserve. No matter what stage in your life and your business you might be at today, there is still time to map out a strategy to get on the right track.
We can help. We’ll show you how to get there.
Retirement Planning
Very few people in their 20s are concerned about retirement, especially when they begin their careers. However, at some point, the realization sets in that a comfortable retirement requires planning and savings years.
Our firm has a very different approach to funding retirement than many other accounting and financial services firms. We believe your assets should work for you as hard as they can to benefit you today as well as in the future. And, since your retirement involves multiple considerations, we address your entire financial picture, not just your retirement savings accounts.
Our retirement planning team provides guidance over many elements, including:
- Risk Alignment
- Liquidity Alignment
- Social Security Strategy
- Sequence of Withdrawals optimization.
We can also assist you in establishing or consolidation of IRA, 401(K) or SEP plans to align with your goals. Our licensed retirement and insurance professionals also leverage the power of insurance products to provide tax-free retirement income for you.
A personal topic like retirement requires considerable thought and discussion that many people are reluctant to do without encouragement. We hope you will reach out to us for a no-obligation discussion of your retirement desires so we might help you develop a plan to achieve your dreams.
