Committed to Your Success
We are dedicated to helping you achieve your financial goals, offering a partnership that goes beyond just advice.
Expertise Across Financial Domains
Our team brings a wealth of experience in various financial areas, ensuring you receive comprehensive guidance tailored to your unique needs.
Our Services
Retirement and Financial Goal Planning
According to research from the Alliance for Lifetime Income, more than half of Americans who are approaching the age of 65 are "almost certain" to outlive their retirement savings!!
How have you determined how much you need to accumulate in your unique situation to ensure a comfortable retirement on your terms?
Retirement should be a time of joy, fulfillment, and peace of mind. But achieving that secure retirement doesn't happen by chance; it requires strategic planning and expert guidance. That's where we come in. At Young Financial Associates, our mission is to help you pave the way for a retirement that's everything you've dreamed of and more.
Business Continuation & Succession Planning
Many closely held businesses are shockingly unprepared for crises involving their key employees, who often hold partial ownership. This vulnerability can have a profound impact on the company's ongoing operations and threaten the significant wealth these employees have invested and accumulated in the business.
For Example: In some states, personal bankruptcy of one of the owners can lead to the liquidation of a business, where a bankruptcy trustee sells its assets to pay off the owner's debts. Are you aware of the potential risks this poses to your business? Plus this is only one of many scenarios you could be exposed to.
Estate Planning
Estate planning is important for anyone, regardless of their age or net worth.
It can help eliminate unnecessary tension between family members and avoid the need for court involvement in decision-making.
For Example: If you have already met the Gift-Tax Basic Exclusion Limit and you want to leave your grandchild $1 Million Dollars, how much would you owe in Gift Tax? You will have to pay out $800,000 in Gift Tax while your grandchild will only receive $200,000 of the million you intended on gifting. How would you feel about that?
Estate planning provides strategic strategies based on your unique situation to be more efficient with gifting to avoid paying unnecessary taxes and etc.
Risk management is the process of identifying, evaluating, and eliminating or reducing potential financial risks to you and your family. How will you be impacted if you’re not as adequately protected as well as you think in your unique situation?
Insurance decisions are rarely thought out or well planned which leaves exposure for a financial tragedy.
Rollovers
Have old 401(k) or 403(b) accounts scattered around? Concerned about market volatility? We specialize in rolling over old 401(k)s & 403(b)s into tailored retirement plans that protect your hard-earned assets from market risks. Consolidate your accounts for greater control and peace of mind.
Financial Education and Consultation
At Young Financial Associates, your financial well-being is our top priority. We're here to empower you with knowledge, guide you toward financial literacy, and support you in making decisions that shape your future. Let's embark on this journey together, where your choices are informed and your financial goals are within reach. Contact us today to start building your brighter financial future.
And a lot more!
What Are Our Clients Saying ?
Opinions from our happy Clients.
Let's Listen to Debra's Outlook - Press Play!
I've been with Young Financial Associates for several years, and their expertise has made all the difference in my financial journey. They've crafted an index strategy that aligns perfectly with my goals.
Jessica
They took the time to understand my unique situation and crafted a retirement plan that gives me peace of mind. I appreciate their dedication to my financial well-being and ethical options.
Kevin
Their insightful market analysis and proactive approach to retirement management have helped me navigate the ever-changing financial landscape successfully. Their commitment to transparency and clear communication.
Amber
Girl's Trip to ? Lisa's Outlook - Press Play!
Monique's Explains How She Feels - Press Play
A View Through David's Goggles - Press Play!
We May Be Able To Help You Too, But First Let's See If We Are A Fit?
Our Team
Meet Our Financial Professional of the Month - Drew James!
At Young Financial Associates, our team is the backbone of our success. Comprising seasoned professionals with diverse expertise in the financial & insurance industry, we are united by a common goal: to empower you on your financial journey. With backgrounds spanning retirement strategy, risk management, retirement planning, and ethical options, each team member brings a unique perspective to the table.
Drew James
FAQS
What is the difference between a financial advisor and a financial planner?
The terms are often used interchangeably, but there can be differences. Generally, a financial planner focuses on creating comprehensive financial plans covering various aspects of your financial life. A financial advisor might offer a broader range of services, including investment management.
Can a financial planner help me with debt management?
Yes, financial advisors can help you develop a debt management plan. They can provide strategies for paying down debt, consolidating loans, and managing your cash flow to improve your financial health.
What if I have a lack of understanding?
Many individuals feel overwhelmed or intimidated by the financial planning process. You may be concerned that you lack the necessary knowledge to understand financial advice or that you will be talked down to or misunderstood by the planner. Here at Young Financial Associates, we guide and simplify information based on your level of understanding to make sure we are on the same page.
How often should I meet with my financial advisor/planner?
The frequency of meetings depends on your needs and financial situation. Typically, clients meet with their advisors annually, semi-annually, or quarterly. However, you can schedule additional meetings as needed, especially during major life events or changes in financial circumstances.
Will I lose control over my financial decisions if I work with a financial planner?
No, you retain control over your financial decisions. A financial planner provides recommendations and advice, but the final decision always rests with you. We will ensure you understand all options and help you make informed choices and connect the dots with your other financial professionals.
What types of options do you recommend?
We offer a wide range of options, including different indexes, compound interest, annuities and more. Our recommendations are personalized to your financial goals, risk tolerance, and time horizon. We work with you to create a diversified portfolio that aligns with your unique needs and aspirations.
How do you charge for your services?
We believe in transparency when it comes to fees. We have no hidden costs.
Can I access my accounts online?
Absolutely. We provide secure online access to your accounts through a user-friendly platform through our partners. You can view your portfolio, track performance, and access important documents 24/7. We prioritize the security of your financial information, and our online platform is designed to give you convenient and secure access to your account at any time.
Will I have to pay taxes when I rollover my qualified 401k plan?
Your taxes will remain tax deferred until withdraw, without penalty after 59 1/2 years of age, since your funds are coming from a qualified plan and into another qualified plan.
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