Managing your money
Money management is an important aspect of our lives. It helps us to make better financial choices, which leads to a more stable future. Our team is experienced in helping our clients address all aspects of managing their money.
Cash Flow & Budgeting
Your cash flow is the lifeblood of your financial health. The only way to manage your finances effectively is to understand how to budget for them. By learning how to budget, you can budget for your expenses and make sure that you have enough money available to pay for bills each month.
When done right, cash flow and budgeting helps you maintain control of your cash, stay on top of monthly expenses, and forecast your future finances.
Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.
- Income Sources
- Expenses
- Budgeting
- One-Time & Large Planned Expenses
- Emergency Funding
- Dollar Cost Averaging
- Mortgage Review
At SoundWay Financial, we are here to guide you through every step of your life.
Assistance to Loved Ones
Our products can help your family in various ways such as providing for the future, gifting and education planning. This will allow your family to better manage finances.
UGMA's and UTMA's help give your children the opportunity to invest in securities such as stocks, bonds, mutual funds and other investments as an asset that they can sell at a later time when they need cash. They also act as a way of saving money tax-free for kids or grandkids to use towards college education or other future expenses.
Gift the future of your loved ones with financial products that can be invested and grown to benefit them throughout their life.
- Gifting
- Education Planning
- Caring for Elderly
- 529 College Saving Plans
- Roth IRA's for Children
- UGMA's
- UTMA's
At SoundWay Financial, we are here to guide you through every step of your life.
Income Tax Planning
We offer comprehensive tax planning services to take advantage of the tax savings available to you through various retirement, health saving, and educational plans. Our team will also review your income and deductions to ensure that you are in compliance with IRS requirements.
The most important part of tax planning is to review your current position. Once we know where you are, we can make sure you’re planning properly to maximize your gains and minimize your losses.
For a comprehensive review of your personal situation, always consult your tax and/or legal advisor.
- Review of Cost-Basis
- Review Realized Gains
- Carry Forward Losses
- Tax Loss Harvesting
- Deduction & Credits
- Potential Roth Conversions
- Health Savings & Flexible Spending Accounts