We are an independent, locally-owned financial services firm with a focus building customized, income focused, goals based plans
We strive to preserve, protect and build your wealth in order to help you sustain an acceptable lifestyle throughout your retirement years. We want the opportunity to assist you in creating a clear plan that achieves your retirement dreams.
When creating a retirement plan, it is our goal to help:
- Reduce risk
- Reduce costs
- Reduce taxes
- Give our clients the opportunity for a reasonable rate of return
- Educate our clients so they can make good financial decisions
USE THE MARKET STRATEGICALLY (REDUCE RISK)
Many of our clients have told us over the years that before coming to NWFTS, they didn’t know there were other places to put their money than the banks and stock market. We believe the stock market is sometimes an appropriate place for some of our clients’ money, but not always.
The market is subject to a lot of volatility. We prefer to engage in active money strategies vs. passive money strategies, such as buy and hold.
If you have a 401(k) and you are still working, you may be eligible for something called an in-service withdrawal. Be sure and ask us what that is and how it works.
We will always be transparent with you. No one works for free. Up front, we will attempt to inform you about the fees you are being charged with any of your investment and insurance products. We always want to seek out financial vehicles that make the most sense for our clients.
We believe you should not be paying taxes on money you are not currently using. We will look to legally reduce the money you pay in taxes. This is where our value-added tax planning service comes in. Have you considered tax-advantaged or tax deferred vehicles? Call us to schedule a tax review with our CPA from US Tax Centers Northwest, LLC.
Inflation is affecting us all. If you don’t believe it, think about the cost of a stamp, a candy bar or gallon of gas in 1970. Most of us born before 1960 spent more money on our current car than our first home. All money in the bank is subject to the effects of inflation, and it is possible that the rate of return from interest in a bank account would be less than the rate of inflation. If this is the circumstance, you could be losing money by keeping it in the bank.
A reasonable rate of return needs to beat inflation, or at least keep up with it. At some time in our lives, we have likely heard that if you want to beat inflation over time, you must have a diversified portfolio of stocks, bonds and mutual funds. These are only some of the choices you have today when building your financial house. There are more options out there that could be better for your specific situation.
WE BELIEVE IN EDUCATING OUR CLIENTS
Today, financial vehicles come in many different forms. We have the ability to guide our clients to place their money in a variety of vehicles, but we think it’s important to understand the pros and cons of each type of product.
It’s essential that your financial advisor is willing to educate you about the finer details of your portfolio. We believe it’s necessary to answer certain questions about your money, such as:
Why do you have each investment or financial product? Do you even know what you have invested in? How does it work? If you have mutual funds, what kinds of stocks are in them? If it’s bonds, what kind of revenue do you expect? Do you really know all the fees you are paying?
What are the tax advantages or disadvantages of this investment? Do you know your annualized rate of return over the last five or 10 years? Most importantly, what is your exit strategy?
LIVING TOO LONG
According to The Motley Fool, outliving their money is one of the top concerns for people retiring today. It’s our belief that to generate retirement income, you must have enough money making money, so you don’t have to go back to work for a paycheck. It may not be enough to use a pile of money until it’s gone. We have strategies to help generate income. Protecting your assets from catastrophic health care expenses is also a big concern today. There are ways to help protect assets and leverage them to benefit you or your family if assisted living or skilled nursing care is needed.
Our mission is to help our clients better understand money, taxes and the critical need for retirement planning. We strive to develop strategies for income streams they can never outlive.
WHEN YOU PARTNER WITH US, YOU ARE GETTING A TEAM
Northwest Financial & Tax Solutions, Inc. is a team of five financial advisors and 11 support staff members who are all committed to serving our clients. Meet our team.
Why is being independent important? We want to be able to offer our clients the right options and plans. Being independent means we don’t have to sell the products of any large corporation and we have the freedom to choose from a wider variety of investment and insurance products.
ONE COMPANY, THREE LOCATIONS
In order to make it most convenient for you, our financial planners can meet with you in any of our three convenient meeting locations. Our home office is located in Vancouver, Washington, and we have meeting locations (by appointment only) in Beaverton, Oregon, and Clackamas, Oregon. Click on the location closest to you for addresses and directions. See our location details here.