Individuals & Families

Create the future you envision for yourself and your family

At IFC, we assist individuals and families in planning for a prosperous financial future. Our comprehensive approach encompasses investments, tax strategies, retirement plans, and risk protection to help you build and safeguard your wealth. We provide experienced guidance through various options and recommend a personalized plan that aligns seamlessly with your financial goals.

Retirement Planning

Relying solely on Social Security for income during retirement is not advisable. IFC helps aims to help individuals maximize their employer-sponsored retirement plans and explore various options, including traditional IRAs, Roth IRAs, and Roth IRA alternatives. Our focus is on leveraging the power of compound interest, offering a multitude of pre and post-tax plans to optimize opportunities both in and outside of the workplace.

College Planning

Similar to retirement, financing education is one of the most significant expenses that a person may come across. This requires careful planning. IFC offers strategies that can allow individuals to make the most of available funds, such as 529 plans and alternative approaches. We assist you in preparing for college expenses well in advance, during undergraduate years, and, if necessary, for graduate school.

Wealth Management

IFC provides actively managed wealth management portfolios with a diverse range of platforms and funds. This is tailored for individuals seeking to create, sustain, or pass on wealth, complementing their employer-sponsored retirement plans.

Tax/Wealth Transfer Strategies

Creating wealth is the first step, and sustaining it is equally important. IFC specializes in strategies designed with a goal to help you pass on your wealth to the next generation in the most tax-efficient manner possible, preserving more of your assets for your beneficiaries.

Cash Flow Analysis

Understanding your cash flow is vital. It helps determine if you are running a surplus or deficit, living above, below, or within your means. The analysis provides insights that enable IFC to offer recommendations tailored to your financial situation.

SWOT Analysis

A SWOT analysis is a critical component of a plan, providing a blueprint of the plan's current strengths, weaknesses, opportunities, and threats.

Life Insurance With Living Benefits

While term, whole, and universal life insurance policies are widely available, IFC prioritizes policies that offer living benefit riders or accelerated benefit riders. These riders allow policyholders to access funds while still alive in the event of a terminal, chronic, or critical illness or condition, including but not limited to:

Heart attack
Stroke
Cancer
Heart valve replacement
Blindness
ALS
Cystic fibrosis
Major organ transplant
Traumatic brain injury (CTE)
MS
Long Term Care needs

In essence, it's life insurance benefits that policyholders don't have to wait until their passing to utilize.

Disability Insurance

IFC offers income-replacement programs, including short-term disability and long-term disability options. These programs allow individuals to recoup up to 70% of lost gross wages tax free.

Insurance Audits

Our team analyzes spending on various insurance products, including vehicle, life, homeowner, health, disability, and long-term care, to ensure you have the best policies for your needs. This process sometimes identifies opportunities for better benefits at the same price, ultimately saving you money.

The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure you are insurable. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges; if a policy is surrendered prematurely, there may be surrender charges and income tax implications. You should consult a qualified tax professional for tax advice on your own personal situation. All guarantees are based upon the claims-paying ability of the issuer.

Optional riders and benefits may be subject to eligibility requirements, additional premium requirements and/or minimum or maximum coverage amounts. Availability and rider provisions vary by each state.

Accessing cash values may result in surrender fees and charges, may require additional premium payments to maintain coverage, and will reduce the death benefit and policy values. Loans are income tax free as long as policy is not a “modified endowment contract” (MEC) and policy must not be surrendered, lapsed, or otherwise terminated during the lifetime of the insured, and withdrawals must not exceed cost basis. Partial withdrawals during the first 15 policy years are subject to additional rules and may be taxable. Excess policy loans can result in termination of a policy. A policy that lapses or is surrendered can potentially result in tax consequences. You should consult a qualified tax professional for tax advice on your own personal situation. All guarantees are based upon the claims-paying ability of the issuer.

For more information about our firm and the services we offer, please send us a quick email or call the office. We would welcome the opportunity to speak with you.

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