Developing Financial Strategies

For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it?

Luke 14:28 NASB

As generations mature, financial products become more sophisticated, and laws and regulations change, the need to manage financial and human resources wisely grows ever more critical.

Managing Critical Decisions

As the world continues to change both rapidly and dramatically, making the right financial decisions has become ever more critical. At the same time, however, the ever-expanding array of options, strategies, laws, and regulations makes each of those decisions more difficult.

Large corporations have been able to manage these vital decisions through the use of several complex and sophisticated vehicles: third party surveys, management consultant teams, and their own human resource professionals.

As an individual or business owner, you must confront the same issues and decisions that corporations do on an ongoing basis. Moreover, you must do so without relying on the costly matrix of organization-wide data collection, in-house expertise, and teams of outside professionals that large corporations have at their disposal.

In short you must regularly make decisions that will enable you to attain your financial goals – without acquiring services or personnel that may prove prohibitively expensive.

Historically Providing A Cost-Effective Solution

For four decades, Terry R. O’Neill specialized in assisting individuals, families and businesses owners – in which people had to fulfill these multiple roles.  He focused on providing a truly comprehensive approach based on integrated rather than compartmentalized tasks and functions.

Strategizing for Today and Beyond

Today, Mr. O’Neill’s mentoring and consultative approach can assist you in prioritizing, designing and implementing beneficial and cost-effective solutions for every financial stage whether you are an individual, family or business owner.

Knowledge and Wisdom Benefit Services

  • 95% of all Americans alive today will reach retirement age with less money than they need to retire comfortably.

    75% will retire with less than half of this amount. The genesis of this gloomy situation is simple: the great majority of these people failed to plan adequately for their financial futures. Providing for your own secure and comfortable financial future requires much more than just a pension plan and good intentions – it demands expert planning.

    Without adequate planning, the future can become a financial nightmare. In order to protect you from such a scenario – and because so many variables affect your long-range financial security and success – Terry O’Neill follows a practice of close and careful asset management. Even so, merely protecting your assets is not enough. I draw on many years of experience to help our clients maximize the accumulation of additional assets.

    Considerations

    • Survivor Benefit Planning

    • Salary Continuation / Disability Planning

    • Wealth Creation Planning

    • Retirement Planning

    • Educational Planning

    • Mortgage Reduction Planning

    • Health Care Planning

  • Illness, injury, and death can arrive at our doorsteps when we least expect them – bringing with them the threat of financial disaster. How to manage these risks in a cost-effective manner has become a steadily more pressing question. Furthermore, as health care costs continue to spiral, regulations become ever more tangled, and new insurance products are brought to market each week, the need for expert guidance has become critical.

    Considerations

    • Life Insurance (Individual and Group)

    • Disability Insurance (Individual and Group)

    • Group Health Insurance / Long-Term Care

    • Major Medical Insurance Long-Term Care Plans

    • Group Dental and Vision Insurance (Individual and Group)

  • In a world of computerized trading, rapidly-fluctuating currencies, and inter-linked economies, a single bad investment can yield financial disaster. Yet in today’s economic climate, many supposedly “good investments” yield an unrealistically small return.

    Considerations

    • Mutual Funds

    • Annuities

    • Asset Allocation Modeling/Balancing

    • Investment Counseling

    • Retirement Accounts

  • Which would you rather do – pay money to Uncle Sam, or keep it yourself for up to 45 more years in a place where it can grow? A variety of qualified retirement plans offer this and other tax advantages – while accumulating cash for your retirement.

    Not all of these plans are worthwhile, however. Only some will make it through a rigorous cost-benefit analysis. As a retirement planning specialist, Terry O’Neill can help you select and implement an appropriate government-approved qualified retirement plan – one that best suits your company’s particular situation and that provides the most cost-effective benefits for your employees.

    This plan will help you and your employees accelerate the accumulation of assets for retirement, while at the same time providing distinct tax advantages.

    Considerations

    • 401(k) plans

    • Pension Plans

    • Profit Sharing Plans

    • Keoghs

    • Defined Benefit Plans

    • Defined Contribution Plans

  • If you own part of a privately held business, you could be in for trouble when one of the other owners retires, sells their share of the business, becomes disabled, or dies. And without proper planning, you could be in deeper trouble still if you’re the one who retires, sells out, or becomes disabled. A lack of business continuity planning can lead to ownership disputes, battles for control, lengthy and expensive litigation, a variety of tax problems, and even dissolution of the business.

    Terry O’Neill can enable you to avoid every one of these problems by preparing detailed continuity plans for your business. He can coordinate every aspect of this crucial planning process. He begins by thoroughly analyzing all the potential scenarios for any change in ownership, whether planned or unplanned. He then develops a proactive strategy for managing every aspect of such change, with special emphasis on maintaining business continuity and ensuring an orderly and harmonious transition. Throughout the planning process, my focus is on helping you and your business minimize tax liability and avoid litigation, challenges, and disagreements among owners and heirs.

    Considerations

    • Business Succession Planning

    • Buy and Sell Agreements

    • Business Insurance Analysis Funding

    • Family Consulting

  • Government regulations and restrictions have seriously limited the value of most traditional retirement plans. This difficult situation will surely continue, and may even worsen in years to come as Congress enacts new laws. Thus the need for an alternative source of supplemental retirement income – whether for yourself or key employees – has become crucial.

    Your enterprise can design sophisticated and flexible solutions to this problem, called Supplemental Enhanced Retirement Plans. When you properly design a SERP, you can restore up to 100% of the benefits that, because of federal regulations, cannot be provided through traditional pension plans.

    Considerations

    • Salary Continuation Plans

    • Deferral Arrangements

    • Split Dollar Life Insurance

    • Stock Option

    • Performance Unit Plans

    • Stock Appreciation Rights

  • Historically, we’ve been taxed on our income, on our savings, on many of our purchases, and, finally, on the transfer of our accumulated wealth. If you fail to do comprehensive estate and wealth preservation planning, when you die the federal government can tax your assets at a rate of up to 60%. Without this careful advance planning, your heirs may have to give up a substantial portion of their inheritance to Uncle Sam.

    Terry R. O’Neill can design for you and your family a customized wealth preservation plan that can literally reduce your estate taxes to zero. Furthermore, he can craft and implement a plan that will not only preserve your assets after your death, but will dramatically increase the amount of wealth your children and grandchildren will receive. Using these cutting-edge planning techniques, we can arrange for assets to remain entirely outside the transfer tax system for the next 80 to 125 years.

    Considerations

    • Will Planning

    • Testamentary Planning

    • Living Trusts

    • Generation Skipping Trusts

    • Grantor Retained Annuity Trusts

    • Charitable Remainder Trusts

    • Private and Public Foundations

    • Qualified Personal Residence Trusts

    • Family Partnerships

    • Wealth Preservation Consulting