Retirement & Financial Planning

Financial Planning

Take Control of Your Financial Future

The pace and complexity of managing modern finances leaves many people unprepared to achieve a successful financial future. If you are feeling less than confident about your future, having a well-prepared financial plan will help put you in control.

Why People Say Yes to Financial Planning

Financial planning pulls all your finances together, organizing them and making management easier and more effective. The more you understand and better manage your wealth, the more likely you are to achieve your goals and dreams.

Creating a Financial Plan Will Help You:

  • See your finances from a holistic point of view, so you understand how your individual financial decisions impact your overall financial success
  • Create integrated strategies that take into account the interconnectedness of your financial activities
  • Identify your long-term financial goals and the steps needed to achieve those goals
  • Track your progress and make adjustments as you experience new life events or develop different perspective

    What Your Financial Plan Should Include

    The key to creating a successful financial plan is ensuring that it covers your current and future financial needs. The best way to determine your particular needs is by spending time with your financial advisor considering your options, defining your goals and evaluating your resources.

    The following are some common areas to consider when planning your financial future:

    • Monthly Budget
    • Savings
    • Risk Management
    • Education Funding
    • Retirement Planning
    • Estate Planning

    To manage your income and expenses effectively throughout your lifetime, consider partnering with your financial advisor, who has the experience to help you create a plan that strategically addresses your unique goals and needs.

    Trust Planning

    Trusts often form the foundation of a sound financial plan because they help minimize transfer taxes between generations. Trusts also serve a number of other practical purposes, such as providing income to beneficiaries or safeguarding assets until grandchildren come of age.

    Leveraging a team of specialists, we can help you incorporate one or more trusts into your wealth management plan. As part of our comprehensive trust capabilities, we offer access to:

    • Revocable and Irrevocable Personal Trusts
    • Irrevocable Life Insurance Trusts
    • Charitable Remainder Trusts
    • Trustee Services

    Charitable Planning

    One of the most rewarding aspects of financial success is the opportunity to pursue charitable interests. In fact, many people consider the personal satisfaction of philanthropy just as gratifying as any financial objective they may accomplish.

    With our customized charitable giving programs, you can enjoy the benefits of both. Even with the most altruistic intentions, you can achieve tax-advantaged treatment of your philanthropic contributions while reducing the taxable value of your estate.

    Gifting Strategies

    Simple gift giving can lower your current taxes while offering the potential for future savings. Gifting is one of the most effective ways to reduce estate taxes.

    Charitable Trusts

    Different charitable trusts can provide you with income during your lifetime and your charity with assets after you are gone. Or you can reverse the process and contribute income during your lifetime, with trust assets reverting back to your heirs.

    Family Foundations

    In addition to providing substantial tax and estate planning benefits, family foundations often encourage charitable values in children and grandchildren. We can help you determine if this is the best solution for supporting your philanthropic endeavors.

    Relying on the expertise of our charitable giving professionals, we draw on a variety of techniques that will not only benefit charities of your choice, but you and your family as well. Whether you want to give to your alma mater or an organization aiding the less fortunate, our ideas can help you meet your philanthropic goals.

    Business Planning

    Many business owners find their professional interest and personal wealth are inextricably linked, especially when it comes to succession and liquidity. Who will succeed you in your business? If one child takes the helm, how will you treat the others fairly. How will you protect and, in retirement, profit from a business you’ve worked so hard to build? How do you extract the most value from your company?

    With access to a team of professional consultants, we work with you on the following important business planning issues:

    • Executive Compensation
    • 401(k) Plans / Pensions / Defined Benefits
    • Succession
    • Exit Strategies

    College Planning

    Whether the child in your life is 13 years old, 10 months old, or due any day, it’s never too soon to start planning. Thinking about the costs involved in a child’s education can be overwhelming, but the earlier you begin saving, the longer your money can work for you. Making prudent investment decisions can also make a big difference.

    Retirement Distribution Planning

    For some people retirement will last as long as their working years. In anticipation of future financial needs, many have accumulated a significant portion of their wealth in 401(k) and profit sharing plans, executive compensation programs and other retirement savings. Unfortunately, federal tax rules governing distributions are cumbersome and sometimes punitive. For example, once you reach age 70½ , you must begin taking distributions from some qualified plans – even if you don’t need the income – or face tax penalties.

    Not only can we recommend methods to preserve your retirement income and shield it from unnecessary taxes, we can also help you manage your retirement assets for potential growth, without incurring undue risk. Our retirement planning capabilities address:

    • Distribution Decision
    • Intergenerational Issues
    • Estate Taxes

    LPL Financial does not provide tax and/or legal advice. Clients should consult with their personal tax and/or legal advisors regarding their own circumstances. LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

    CONTACT US


    Romero Wealth Management, Inc.
    1585 E. 17th Street
    Santa Ana, CA 92705 (map it)

    Phone: 714 547-8787
    Fax: 714 547-8080

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