At Waterfront Financial Services, we provide a wide range of services to help you increase your financial security and plan a better future --
Education Funding and College Financial Aid Planning see more
Insurance Needs and Policy Analysis see more
Income Tax Planning and Defense see more
Investment Portfolio Planning and Management see more
Retirement and Financial Independence Planning see more
Estate Planning Coordination and Analysis see more
Business and Benefit Planning see more
Financial Organization, Goal-setting & Recordkeeping; Personal Financial Statements
Through interviews, review of documents, and data collected during in-person meetings with you, we can:
Cash Flow Analysis, Credit Management
We can analyze your current income and expenses (including income taxes) and recommend specific courses of action to facilitate funding of your various financial objectives.
Education Funding And College Financial Aid Planning
Waterfront can utilize educational funding models in order to determine the amount of savings required to meet your goals of funding private school, college and/or graduate school tuition for your children and/or grandchildren.
Insurance Needs and Policy Analysis
Waterfront Financial Services can evaluate your insurance needs, including health, life, disability, property/casualty, long term care, or other types of insurance and can analyze the ability of your current insurance coverage to meet your goals in this area, and protect against exposures to financial risk. With respect to life insurance, we can determine the dollar amount and type of insurance policy needed to meet your goals and, if needed, coordinate with your insurance provider to implement changes in your current insurance coverage. If appropriate, we will coordinate your life insurance policy with your estate plan. We can also help you with any questions or difficulties you may have regarding insurance benefits, settlements, or claims administration.
Income Tax Planning & Representation
Waterfront can project your estimated tax liability over the next few years, and identify tax planning strategies to optimize your financial position. We continuously monitor federal, state, and local tax law changes to allow our clients to minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing. Of course, we also offer full tax preparation and filing services of all federal, state and local tax returns.
If you ever have any problems working with the IRS or the New Jersey Division of Taxation, we can advocate your case before their Audit, Appeals and Collection Divisions. We can also negotiate Offers in Compromise or Installment Agreements with the IRS.
Investment Portfolio Planning and Management
Waterfront Financial Services can evaluate your investment goals, concerns, risk profile, current investment portfolio (including participation in 401(k) or other retirement plans), and determine the ability of your current strategy to meet your goals. We will prepare an asset allocation analysis of your current investment portfolio and create an Investment Policy Statement, which can incorporate the parameters and constraints that govern the management of your investment portfolio. Then we will make recommendations and coordinate the implementation of changes made to your portfolio needed to meet your goals.
Retirement and Financial Independence Planning
We can determine and project, based on currently available data and assumptions, the savings and investments necessary to achieve your financial independence goals, at or before retirement. We also can analyze the sensitivity of your goals to various rates of return and, if appropriate, assist with coordination of your savings plan, asset allocation, and investment strategy.
Estate Planning Coordination and Analysis
We can coordinate with your estate planning attorney in order to develop and implement a comprehensive estate plan that will protect your heirs from the unneeded emotional devastation that can be caused by estate tax levies. This plan may involve the implementation of wills, revocable living trusts, irrevocable life insurance trusts, family limited partnerships, durable powers of attorney, health care powers of attorney, and other estate planning techniques. This type of planning normally requires significant involvement of your attorney and accountant to assure optimal implementation of the plan.
If you are a business owner, Waterfront Financial Services can assist you in the development of retirement programs and other benefits for employees. We can help you weigh the complex benefits and costs posed by today’s qualified and nonqualified pension and profit sharing plans, including 401(k), SEP, SEP IRA, Keogh, life insurance and health insurance plans. Waterfront can also assist you in outlining a buy-sell agreement or other business arrangement in order to meet your business and personal financial goals when you retire. This type of planning normally requires significant involvement of your attorney and accountant to insure optimal implementation of the plan.