Sitting at the intersection of protection, accumulation, and tax minimization.
Caruthers Tax & Financial Solutions
At Caruthers Tax & Financial Solutions, we offer a wide range of financial planning and wealth management services focused on individuals who are in or nearing retirement age. We pride ourselves on developing thorough, written retirement plans and thoroughly managing every aspect of retirement, so that you can rest easy, knowing that your assets are well-positioned to match your personal goals and to help provide reliable income in retirement.
Now, begins the journey. We will be there to help you analyze, implement & monitor your plan every step of the way for the rest of your life.
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Financial Planning
Through our retirement planning process, we will review your current income situation and show you your potential income in retirement. We’ll work with you to create a sustainable income that will last for your life. We’ll help you understand your Social Security options and maximize the benefits for your situation. If you have a pension, we will guide you through the options available and help you make the right choice. We’ll help prepare you for other considerations such as a premature death of a spouse, inflation, or taxation.
Annuities
Annuity services help individuals create a reliable income stream, often for retirement. An annuity is a financial product you can purchase—usually through an insurance company—that can provide regular payments either immediately or in the future. These services can be tailored to help grow your savings, offer guaranteed income for life, or even provide for your loved ones after you’re gone. Whether you’re approaching retirement or just planning ahead, annuity services can offer financial security and peace of mind.
Life Policies
Life insurance policies are designed to provide financial protection for your loved ones in the event of your passing. By paying regular premiums, you can ensure that your beneficiaries receive a lump-sum payment—called a death benefit—that can be used for things like funeral costs, paying off debts, or maintaining their standard of living. Life insurance can also be part of a broader financial plan, offering options for building cash value or leaving a legacy. Whether you’re starting a family or planning for the future, life insurance offers peace of mind that your loved ones will be taken care of.
Bookkeeping
Keeping your financial records in order can be time-consuming and overwhelming, especially when you’re focused on running your business. A professional bookkeeper can help by managing your day-to-day finances, organizing receipts, tracking expenses, reconciling bank statements, and preparing reports. With expert help, you’ll have accurate, up-to-date records and more time to focus on what you do best. Whether it’s staying compliant or just staying organized, having someone handle your bookkeeping makes a big difference.
Tax Preparation + Strategy
Taxes are one of the single largest expenses we have, yet we spend so little time considering ways we can keep Uncle Sam out of our pockets. At Caruthers Tax & Financial Solutions, we take an integrated approach to financial planning, one that includes tax minimization strategies, and we have the right professionals to help. Every financial move you make has tax implications, so having a comprehensive retirement plan with tax-smart investment strategies is vital. Remember, it’s not only what you make but what you keep!
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.
Foundation Set Up
Laying the groundwork for a solid financial future starts with a clear plan—and you don’t have to do it alone. A financial professional can help you assess your current situation, set realistic goals, and build a personalized roadmap to reach them. From budgeting and debt management to saving strategies and insurance coverage, they’ll guide you through each step of the process. With the right foundation in place, you can feel more confident and in control of your financial future.
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.
