What we do
At Lynn Financial, we offer investment options and financial tools designed to safeguard your wealth while growing your investment portfolio.
The Lynn Financial Plans are designed to limit your tax burden, allowing you to retain more of your own income. As a certified tax planner, I can help guide you towards the best investment opportunities while keeping your taxes in line with your financial goals. I will coordinate efforts with your CPA, insurance agents, estate attorneys, and others, to solidify your retirement and investment portfolio.
Regardless of your age or income level, I can help get you started on a sensible retirement plan today. There is no better time than right now to begin planning for that bright financial future.
Areas of focus include the following financial products:
- Traditional and Roth IRAs: An IRA allows you to save money for retirement. There are a few differences between Traditional and Roth IRAs; however, the most important one is that Traditional IRAs allow you to deduct your contributions (if you qualify) whereas with a Roth IRA your contributions are not deductible. Here is a good resource for learning about IRAs: https://www.irs.gov/retirement-plans/traditional-and-roth-iras
- SEP & SIMPLE Plans (small businesses): SEP and SIMPLE plans were created for small businesses so that, unlike a 401k plan, you do not have to report annually to the IRS. Although SEP and SIMPLE plans may look relatively similar, several decisions need to be made to choose which one is the most beneficial for your business. Here is a great resource for learning about the difference between these two: https://www.usaa.com/inet/pages/ira_simple_vs_sep
- 401k & 403(b) Plans (businesses & non-profits): These plans are both tax-deferred retirement plans. They both allow you to set aside money directly from your paycheck for retirement that is pre-taxed. The main difference is that a 403(b) is used by non-profit companies and other similar organizations. Here is a great learning resource: http://www.moneycrashers.com/401k-and-403b-q-a/
- Mutual Funds: A mutual fund is an investment strategy that allows you to pool your money together with other investors to purchase a group of stocks, bonds, or similar types of securities. Mutual funds are beneficial because they allow you to create a portfolio and acquire securities that you would most likely not be able to purchase on your own.
- Life Insurance: Life insurance is a contract between you and an insurance company that, upon your death, the insurance company will provide a lump-sum payment to the designated beneficiaries. There are three different types of life insurance: Term, Universal and Whole Life. Here is an excellent resource for learning about these three: https://www.fidelity.com/life-insurance-planning/what-is-life-insurance
- Indexed Annuities: An indexed annuity is a “special class of annuities that yields returns on contributions based on a specified equity-based index. These annuities can be purchased from an insurance company, and like other types of annuities, the terms and conditions associated with pay-outs depend on what is stated in the original annuity contract.” Learn more about indexed annuities here: http://www.investopedia.com/terms/i/indexedannuity.asp
- Final Expense Insurance: Final expense insurance is a type of life insurance that covers the expenses associated with death (i.e., funeral costs). Funerals can cause a substantial burden upon those loved ones left behind which this insurance helps to alleviate.
Schedule your personal consultation by calling my office or filling in the included online form. I look forward to hearing from you.