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Read about how financial planning can make an impact in your life:
Age: 30
Overview: Joe's widowed mother passed away earlier this year, leaving him as the sole beneficiary of her assets. As he navigates the overwhelming responsibilities of funeral planning, he also faces uncertainty regarding the various accounts he has inherited, including retirement funds. Joe is unsure about required minimum distributions and how withdrawals will be taxed. He needs expert guidance to help him understand these complexities and make informed decisions during this challenging time.
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Questions He Has:
Do I need to pay required minimum distributions?
How do I access the funds?
What is the best way to fund my child’s education with the inheritance?
Can I use the funds to put a downpayment down on a home?
How Oak Summit Can Help:
We will calculate and process required minimum distributions and will analyze the most tax-friendly way to fulfill these requirements.
We will optimize education funding factoring in your state of residence, child’s age, and education goals.
We will help you navigate the intricacies and taxation of each account
We will be there to assist with any necessary paperwork, insurance changes, and other life changes
Through careful analysis we will help you build a budget and set up payments to meet your budgetary needs
We will organize and consolidate your accounts in a way that won’t cause unnecessary taxation
The first step to working with Oak Summit is getting acquainted & learning more about your situation to see if we're the right advisors for you
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Once you're ready to move forward, we go through our planning process to ensure all areas of your financial life are addressed & planned for.
Money isn't meant to be a stressful part of your life. We help with decision-making and provide proactive planning so you can focus on enjoying life
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