Sitting at the intersection of protection, accumulation, and tax minimization.
Caruthers Tax & Financial Solutions
“Our philosophy is to protect the income that you need in retirement so that you can maximize the income for the things you want in retirement.” – Ron Caruthers
At Caruthers Tax and Financial Solutions, we believe there is no one “best place” to put your finances, but rather seeking to find the “most favorable place.”
We work with individuals and couples, at all economic levels, to achieve their financial and long-term goals and enjoy retirement by working hard and smart, and being ready for them when needed. We empower our clients to make intelligent financial decisions in ALL areas of their lives.
We go beyond what’s expected of the average financial planner, taking a prudent approach to wealth planning and providing solutions that will bring you financial peace of mind today and into the future.
We have worked with over 4600 families to help make their children’s dreams a reality, while providing sound financial guidance along the way!
The guidance and tools to your success.
OUR SERVICES
Caruthers Tax and Financial Solutions understands that each individual’s financial journey is different, which is why our experienced team is dedicated to providing personalized guidance and expertise to help you achieve financial security and peace of mind. Explore our range of services designed to empower you to make informed decisions and navigate your financial future with confidence.
Financial Planning
Where will your retirement money come from? If you’re like most people, qualified retirement plans, Social Security, and personal savings and investments are expected to play a role. We can help guide you along the path to—and through—retirement. No matter where you are in life, we can provide guidance, tools, and services to help you prepare for retirement on your terms.
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Tax Preparation & Strategy
Tax planning is an important component of your overall financial plan. Careful planning throughout the year can assist you in reducing the taxes you pay, as well as help you achieve your financial goals.
Most people do not know that in the retirement years, every dollar saved by minimizing income taxes will increase your spending capacity in retirement more than additional growth on your money. We can help you develop and implement appropriate strategies to lessen or shift current and future tax liabilities to help you meet your long- and short-term objectives.
Tax Resolution
Through our tax resolution process, we’ll start by reviewing your current tax situation in detail—whether you’re facing IRS notices, back taxes, penalties, or audits. We’ll work closely with you to understand your options and create a personalized plan to resolve your tax issues as efficiently and affordably as possible.
Annuities
Are you in or near retirement? One of the most common fears for retirees and those planning for retirement is outliving their money. Learn how annuities can help generate a steady stream of income or increase your current savings. They can also help you leave a legacy and provide income for your heirs.
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Life Policies
We’re dedicated to serving the life insurance, disability and long-term care needs of our clients. Our goal is to provide you with outstanding personal service and customized solutions. Whether your need is life insurance for income replacement, retirement supplement or estate planning… disability insurance… or long-term care, we’re ready to find the right solution for you.
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College Planning Services
Planning for college and figuring out how to pay for it can be a daunting task, and many families simply give up in the process. But don’t let colleges have the final say in what you will pay! As your dedicated college planning Project Managers, we are here to do the heavy lifting for you. We’ll work closely with you to assess your current financial situation, explore the best savings options like 529 plans and custodial accounts, and guide you through maximizing financial aid, scholarships, and loan opportunities. Together, we’ll create a customized plan that minimizes the impact of college expenses on your overall financial goals. Our job is to provide clarity, reduce the stress of funding your child’s education, and give you the peace of mind that comes with making informed, strategic decisions for your family’s future. Let us help you navigate the complexities of college planning so you can focus on what truly matters.
Foundation Set Up
Helping individuals and organizations set up foundations with ease and confidence. From legal registration to structuring governance and financial planning, we ensure your foundation is built on a strong foundation. Compliance guidance, tax-exempt status assistance, and strategic planning to align with your philanthropic goals. Let us handle the details so you can focus on making a meaningful impact.
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Bookkeeping
Providing expert bookkeeping services to help you stay organized and maintain accurate financial records. From tracking income and expenses to managing cash flow, we ensure your finances are in order so you can focus on growing your business. We’ll run financial analysis to identify cost-saving opportunities and improve profitability. We’re here to ensure compliance with tax regulations and prepare detailed financial statements for better decision-making.
Financial Stress Testing
Performing diagnostics on your financials and stress testing them against the 6 biggest financial and retirement risks to ensure your plan is set up for success.
Risks we test:
- Longevity: Living too long and outliving money. This also includes rising healthcare costs and potential long-term care issues.
- Liquidity: Making sure you have access to capital both while working and in retirement.
- Inflation: Needing more each year to keep up with rising costs, which don’t stop just because you retire.
- Market volatility: Simulating extreme market conditions to assess the resilience of financial institutions and investment portfolios against potential economic shocks. ESPECIALLY around the retirement ‘red zone’: the critical 10-year period that includes the 5 years before you retire and the 5 years after.
- Mortality: Evaluating the impact of extreme mortality scenarios on insurance companies or pension funds, helping to determine their ability to withstand large-scale claims or liabilities.
- Taxes: The risk of increasing taxes and most retirees think they’re going to be in a lower tax bracket, but they usually are in the same OR HIGHER.
As Seen In
Retirement Resources
Download Our Complimentary Guide
Tax Planning Guide
Your Roadmap To Reduce Your Taxes In This Year And The Future
We believe it’s important that you look to employ tax diversity in your retirement plan. Different types of investments can impact your taxes differently. Having accounts that receive varying tax treatments is a key strategy. You should work with a qualified professional to help determine exactly how much you should have in each tax “bucket” to help minimize your overall tax burden in retirement.
While the tax code can be incredibly complex, you still need to stick to the basics when it comes to filing and preparing your tax returns. So, here are our 5 tips to help you better prepare for tax filing this year.
