This new economy created by covid and the resulting government stimulus may require some to change some of the things they are doing. Based on the facts and the response of the government the problems are just beginning. The government's goal is to re-inflate the bubble and the outcome is predictable. You need to have check systems in place to know that you are on track and protected. The traps in today's economy are different than just a few years ago. The risks- one the bust deflates your assets or - two money printing means inflation. You need to develop a plan for either outcome. Atlas Wealth Management Group, LLC is a resource for solid advice on your total financial picture.
Approximately 40% of your money goes to some form of tax. Federal, state, local, municipalities, payroll tax if you are working, gasoline, sales tax, and property taxes. We can calculate your effective lifetime tax costs on your retirement accounts and use math to effectively reduce tax costs.
Most people have for an extended period of their lives approximately 25% debt to income ratio. Now would be the time to rethink your strategy. We can calculate how much interest you have on your debts and methods to mathematically lower the effective interest rate costs.
There is a growing demand for greater tax diversification for higher earning entrepreneurs and professionals who are above the maximum income limits to fund a Roth IRA and who desire to save considerably more than those lower IRA maximum contributions. We work with our network of CPAs and tax attorneys led by our actuarial team to maximize contributions.
Your individual participant account with your company 401k may be the largest investment portfolio in your life. Investing should be done with caution and with an exit strategy to avoid market downturns.
At the core of the experience is a 6 step process- a proactive system that resolves issues so that clients always know where they are, where they are going, and how they are going to get there.