We hope this newsletter finds you well. As we continue to navigate the ever-changing landscape of personal and business finance, the value of professional advisory services has never been more apparent. At SDG Financial Services, our goal is to help you achieve financial peace of mind through expert guidance and personalized strategies. In this edition, we will explore the numerous benefits of leveraging advisory services for your financial planning needs.

1. Comprehensive Financial Planning

financial transparency

One of the primary benefits of advisory services is the creation of a comprehensive financial plan. Our advisors take a holistic approach, considering every aspect of your financial life—from income and expenses to investments and retirement goals. This thorough analysis allows us to design a tailored plan that aligns with your long-term objectives, ensuring that all pieces of your financial puzzle fit together seamlessly.

2. Expert Tax Strategies

Tax planning is a critical component of financial success. Our advisory services include sophisticated tax strategies that can help you minimize your tax liability and maximize your savings. By staying up-to-date with the latest tax laws and regulations, our advisors can provide insights and recommendations that keep more of your hard-earned money in your pocket.

Case Study: Year-over-Year Tax Savings

splurging vs saving tax refund

Let’s take a look at how our tax advisory services have made a tangible difference for one of our clients, Jane Doe.

Background: Jane is a self-employed graphic designer with a growing business. When she first approached SDG Financial Services in 2021, she was facing a significant tax burden and was unsure how to optimize her finances.

2021:

  • Initial Assessment: Our team conducted a thorough review of Jane’s financial situation, identifying several areas for tax optimization.
  • Implemented Strategies: We recommended setting up a Solo 401(k) to maximize her retirement savings while reducing taxable income. We also advised on eligible business expenses that she could deduct.
  • Results: Jane saved $5,000 in taxes for the 2021 tax year.

2022:

  • Ongoing Optimization: We continued to work with Jane, introducing quarterly tax planning sessions to ensure she was on track with estimated tax payments and exploring additional deductions.
  • New Strategies: We advised Jane to hire her first employee and take advantage of the Work Opportunity Tax Credit (WOTC). We also suggested she explore health insurance deductions available to self-employed individuals.
  • Results: Jane saved an additional $7,500 in taxes for the 2022 tax year, a 50% increase from the previous year.

2023:

  • Continued Support: As Jane’s business grew, we assisted her in transitioning to an S-Corporation to further reduce her self-employment taxes.
  • Advanced Planning: We implemented a comprehensive retirement plan, combining the Solo 401(k) with a Defined Benefit Plan, allowing her to significantly increase her retirement contributions and reduce taxable income.
  • Results: Jane saved $12,000 in taxes for the 2023 tax year, bringing her total tax savings to $24,500 over three years.

Through proactive tax planning and strategic financial advice, we have helped Jane not only reduce her tax burden but also invest in her business’s growth and secure her financial future.

3. Personalized Investment Advice

Navigating the world of investments can be daunting. Our advisors are here to demystify the process and provide personalized investment advice based on your risk tolerance, time horizon, and financial goals. Whether you’re saving for retirement, a child’s education, or a major purchase, we can help you build a diversified portfolio that aligns with your objectives.

4. Retirement Planning

annuities

Preparing for retirement is one of the most important financial goals you’ll ever undertake. Our advisory services include comprehensive retirement planning, helping you determine how much you need to save, the best accounts to use, and the optimal investment strategies to ensure a comfortable and secure retirement.

5. Estate Planning

Estate planning is often overlooked, yet it is essential for ensuring that your assets are distributed according to your wishes. Our advisors can help you create a thorough estate plan, including wills, trusts, and other legal documents. This planning not only provides peace of mind but also helps to minimize potential conflicts and tax burdens for your heirs.

6. Business Advisory Services

For business owners, our advisory services extend beyond personal finance. We offer expert advice on business planning, financial forecasting, and strategic growth initiatives. Whether you’re just starting out or looking to expand, our advisors can help you make informed decisions that drive your business forward.

7. Ongoing Support and Guidance

Tax Planning and Preparation

Financial planning is not a one-time event but an ongoing process. Our advisory services include continuous support and guidance, ensuring that your financial plan remains on track as your life circumstances and goals evolve. Regular check-ins and updates allow us to make necessary adjustments and keep you on the path to success.

At SDG Financial Services, we are committed to providing exceptional advisory services that empower you to take control of your financial future. Our team of experienced professionals is here to support you every step of the way, offering the expertise and personalized attention you deserve.

If you would like to decrease your tax obligations, optimize your investments, or secure your retirement, please don’t hesitate to contact us. Together, we can build a brighter financial future.

Warm regards,

Sharon Griffin
Founder & CEO
SDG Financial Services

For more information on our services or to book an appointment, visit our website at www.sdgconsults.com or call us at 626.616.7790.

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