Services for Individuals
Working with individuals and families across the greater Houston, Texas areaand throughout the state, we seek to identify a client’s entire financial picture, including where they are today and where they want to be tomorrow. Our goal is to develop strategies that may suit a client’s unique needs and determine appropriate ways to minimize taxes.
The following are some of the services Wehring Wealth Management offers:
We seek to help clients build and protect their wealth while minimizing taxes. We work closely with clients to implement and regularly manage a strategy that complements their unique financial objectives.
Financial Planning Strategies*
Implementing a variety of different strategies, the goal of financial planning is to help clients determine why they want to invest, how to manage their wealth strategies, and to plan for the future. We can help clients establish their goals in life and evaluate their assets, liabilities, and current financial position. We can then help clients implement a strategy aligned with their financial objectives, from retirement income planning to tax strategies.
A major concern among families is determining how they will pay for their children’s college expenses. We can help clients calculate college costs, evaluate funding options, and create an education strategy tailored to their goals. We can also provide insight and advice regarding savings options, including 529s, education savings accounts, and more.
As clients approach retirement, we work with them to identify opportunities for building wealth while mitigating risk. This may range from contributing to a 401(k) plan to identifying appropriate IRA investments, mutual funds, and annuities. We can also offer advice on 401(k) and IRA rollovers, Social Security claiming, how to minimize taxes, and how to create a steady income stream.
Preserving wealth and transferring an estate to family and heirs can be complicated and confusing. If an estate plan isn’t set in place, one’s wishes may not be carried out, as the estate will be transferred to the state to handle according to probate laws. We seek to demystify the common misconceptions of estate planning, assist clients in articulating their estate planning needs, and coordinate the work of other professionals who may be needed, including attorneys. Whether a client wishes to use a trust or other method, we can offer guidance regarding today’s confusing estate and tax laws.
It’s common for individuals and families to neglect tax planning until the final months leading up to the tax filing deadline. However, by implementing tax strategies throughout the year, individuals may be able to reduce the taxes they pay or avoid unnecessary taxes. We can help clients identify possible solutions and assist with tax return preparation.
Life and Long-Term Care Insurance
Life insurance is one way someone can protect a family in the event of unforeseen death. Often, clients have had a hard time prioritizing their needs and determining appropriate life insurance options and whether or not they need long-term care coverage. Many clients are hesitant to invest in long-term care insurance because they fear they will never use it. Today, life insurance has become a vehicle to cover many risks and now comes with optional riders to cover long-term care and critical and terminal illness. One policy can cover many situations in the future. We can help clients determine their needs and appropriate insurance options for their unique situation.
*These services are offered by Charlene Wehring through her affiliation with Avantax Investment ServicesSM and Avantax Advisory ServicesSM.
**Attest services are provided by Charlene E. Wehring, CPA.