problems we solve

Sachs Financial

Long-Term care

retirement income planning

wealth management

efficient tax planning

tax-free retirement

maximizing social security

The Benefits of Secure Monthly Income

Retirement can be a welcome change for many people. It’s a chance to take a break from the headaches and stress of work and to spend more time with the ones that you love. For many people in St. LouisMo., though, the reality is more complex than that. For some, it’s downright scary to think about the matter. Giving up a steady paycheck doesn’t always square with the everyday expenses and unavoidable emergencies that pop up along the way.

Thankfully, there are better ways to prepare when you know more about the art of secure monthly income. At Sachs Financial, a boutique retirement firm that puts you first, you’ll find Jeff Sachs. He can put your golden years in better perspective for you.

The Basics of Secured Income 

The idea of secure income is to keep your finances above water at all times. You cobble together income from different sources, be it Social Security or rental property revenue, and then you live off a steady amount every month. Sachs understands that some of his clients will want to spend their leisure time jet setting in first class. Others will want to keep working a steady gig, so long as it’s in a field that feels nothing like work. Whatever you choose, there are ways to make it happen. 

This strategy doesn’t discount the importance of your savings, it simply adds more to give your assets a healthy cushion for all that may lie ahead. So, should the economy take a hit or wind up with a more serious case of inflation, you won’t have to be quite as concerned.

Your investments, pensions and retirement accounts are all taken into consideration. Everything you’ve built is leveraged according to your long-term goals. If it ever gets overwhelming, all you have to do is remember a few key points:
1. Decide how much you can set aside per month.
2. Let a financial advisor manage a portion of your assets.
3. Relax in the kind of retirement that you’ve always dreamed of.

Long-Term Care

LongTerm Care insurance (LTC) may be something that you’ve heard about in passing from friends or family in St. Louis, Mo. This specific type of policy is designed to protect your finances in case of injury or illness. As you likely already know, even the best medical insurance in the world can’t account for the many incidental expenses of extended care. If you want to learn more about how this can impact your retirement portfolio, it might help to talk to an advisor at Sachs Financial.

The Benefits of LTC Insurance

The most obvious benefit of this type of policy is that you could end up paying less money overall. In fact, there is evidence that shows that people with a LTC policy spend about six times less than those who face serious illness or injury without the policy. However, this doesn’t mean that LTC should be purchased by everyone. With high premium costs and varying terms and conditions for each carrier, the reality is that it’s more complex than just adding the policy asset and filing a claim when necessary.

At a boutique retirement firm like Sachs Financial, you’ll get the personal care and attention you need to make more informed decisions. For anyone who’s concerned about what costs for athome care or a nursing home would entail, you can talk through the nuts and bolts of it all with an advisor. In some cases, LongTerm Care insurance will be the perfect complement to your portfolio in case you wind up faced with an unexpected emergency. For other people, it might make more sense to set up a different type of safeguard against impending bills associated with longterm care.

From your medical history to your asset classes, it helps to talk through different scenarios. You make the ultimate decisions, but you have a professional to fall back on if you run into a clause that doesn’tmake sense or a situation that seems like it doesn’t have any answers.

retirement income planning 

The term “retirement income planning” isn’t always an easy phrase to immediately understand. The whole point of quitting your job is that you don’t have an income anymore. You’re ideally living off of your savings or investments that you’ve made along the way. Financial advisors have a different take on the matter, though. It’s their job to show you how you can have an income once you reach retirement age. Much like you count on your paycheck today, there are ways to set up your finances so you have a steady amount rolling in every month. Ideally, it will be enough to cover everything from the expected to the unexpected.

How to Plan Your Retirement Income in St.Louis, Mo.

Jeff Sachs at Sachs Financial is a professional who can tell you more about what kinds of income sources are available. Much like your working life today, the right answer for you depends on everything from your passions to your lifestyle. For instance, some people will want to plan their income based on the property they own. If they rent, either shortterm or longterm, they can count on revenue rolling in from tenants. 

Other people may want to get a parttime job working in a field that they’ve loved their whole life, like music or art. People who retire sometimes do so because they never want to work again, others just want a change and a transition into a job that doesn’t feel like work at all. Whether you’re more interested in pension withdrawals or stock dividends, Sachs is there to help you put your portfolio into perspective. 

He can show you how income from Social Security can serve as a firm foundation for monthly expenses. If you’re wondering “how much do need to retire,” he can help you answer the question beyond set numbers like $1 million. However, for the many questions you might have about how you’re going to pay for everything when you don’t have a job, he’s there to provide you answers.

wealth management 

Wealth management in St. Louis, Mo., is a term wealthy people have likely heard before. As you build your portfolio brick by brick, it becomes more necessary to keep track of every asset. Unlike when you make your investment, one that was likely obsessed over and cultivated with the utmost of care at the very beginning, the last one you made might be forgotten about almost the second the money has been transferred.

The principles of wealth management make it possible to watch accounts, assess their performance and make better decisions about which assets to keep and which to dump. A financial advisor like Jeff Sachs can make all the difference when it comes to helping you get all of your ducks in a row.

What Makes for a Better Wealth Investment?

At Sachs Financial, the goal is to ensure that your portfolio has been optimized and elevated. The staff at wealth management companies won’t advise you to constantly shift funds to every new emerging trend, but they will advise you to keep a close watch on which direction the market is headed. They’ll also alert you when you start to lose money on an investment, and talk you through your options.

There are plenty of asset and wealth management principles that you can practice in your own time. The problem is that most wealthy people don’t have the time to keep up with it all. An asset wealth management professional will be able to put your portfolio in perspective, so you have a clear focus and streamlined growth.

Some people are content to invest and then let the market grow over time. No matter what, you’re likely to net returns if you just wait out your investment. However, there’s something to be said about not settling for the bare minimum. Being aggressive in the market is relative to your risk level, and a financial advisor can show you how to stay within your comfort zone and still grow your accounts.

efficient tax planning 

There are plenty of people out there who take a nomuss, nofuss attitude to their taxes. They may not itemize their deductions, but instead take the standard. They may lean on their accountants to handle the details, ignoring the matter entirely until it comes time to pay what’s owed. This is an understandable strategy in many ways, as it eliminates a lot of the headaches that come from painstakingly going through line by line. However, it can also ultimately mean leaving a lot of money on the table.

When you plan your taxes in accordance with the rest of your assets, the numbers may look a lot different than you’re used to seeing. If you want to prepare for retirement, you may need a little more breathing room in your finances to make the right investments today.

What Is Efficient Tax Planning in St. Louis, Mo.?

Efficient tax planning is essentially the art of using the applicable local, state and federal tax codes to your advantage. The right financial advisor can take taxes a step further than an accountant because they’re taking into account the entire state of your portfolio. Rather than just deferring capital gains or ensuring that you’ve accounted for all of your professional expenses, they’re able to strategize on a very different level.

Unless you’re planning to learn all of the clauses on your own, Jeff Sachs and Sachs’ Financial is here to give you a leg up when it comes to untangling all of the regulations and restrictions. He can give you all of the information before you make decisions about how to declare your income. From donations to deferments, the goal is to leave no option unturned. Millions of people overpay in taxes every year simply because they’re not aware of what can be done. Because the IRS isn’t likely to point out how you could have ended up with more money in your pocket, relying on a financial advisor can be exactly what you need to make the most of every filing.

tax-free retirement

Taxes are such a way of life for most of us, and this is true for all industries and professions. You might have to file once a year or once a quarter, but you’re undoubtedly familiar with forking over a certain portion of your income to Uncle Sam. What you may not be aware of, though, is that there are options when it comes to tax planning for retirement. It may even be possible to eliminate most of those pesky fees altogether. It all starts with having the right financial advisor on your side.

Is a Tax-Free Retirement Possible in St. Louis, Mo?

At Sachs Financial, Jeff Sachs shows his clients how everything from trusts to deferments can affect how much they pay every year. (After all, if you don’t have to give a tip to the government, then why do it?) Whether you lower your income bracket through charitable donations or use the money for a more lucrative opportunity, you can manage your money ina way that works for you. For instance, you might choose to skip paying your capital gains tax in favor of purchasing another asset. Or you might set up a fund for charities that matter to you, like youthoriented programs or environmental protection, so you can leave your mark on the wider world.

There are numerous changes to tax codes every year, be it local, state or federal. While many may not impact you, there are likely more that apply than you realize. Many of these changes can work to your advantage, but you need to first know what they are before you can know how to file. What you do will depend on everything from your everyday lifestyle to the size of your personal estate. If you want to know how to have a tax-free retirement, or as close to one as legally possible, an accountant may only be able to get you so far. A financial advisor like Sachs will approach the problem from a different angle, which can end up making all of the difference in how much you have to leave behind.

maximizing social security

Social Security in St. Louis, MO may seem like little more than a pittance compared to how much you’ve given over the years. When you spend your whole life paying into a system, it may seem like it was stacked against you from the very beginning. However, as prevalent as this view is, there may be more to the story that you’re missing. While it’s true that the program has changed plenty since it was introduced in 1935, it may deserve a little more credit.

How to Maximize Social Security

The right financial advisor can tell you more about how exactly to file if you want to make the most of your monthly benefit check. The cardinal sin of this program is assuming that just because your neighbor or friend makes a certain amount every month, then you’re fated to make around the same amount. The truth is that what you make depends on your job, your overall professional history, and how much you paid into the system over the course of your career.

At Sachs Financial, Jeff Sachs can tell you more about how you can file so you don’t leave any money on the table. It’s true that Social Security should never be the only source of income that you should rely on (and this shouldn’t be news to anyone). However, if you’re planning out your retirement, it can serve as an important source of your secure monthly income.

The goal of secure income is to replace your steady paycheck with funds that are every bit as reliable. If you’re interested in learning more about how to file correctly the first time, a boutique retirement firm will be able to give you the personalized attention you need so nothing slips through the cracks. (If you make an error, you might end up fighting for months with the government to correct it.) Sachs knows the program in and out, so you can be confident you’re getting everything you’re owed.