Preparing for retirement should create excitement, not concern. Yet for many, that’s not necessarily the case.

Insurance and Financial Services

According to a recent study, 60 percent of pre-retirees do not have a plan for how much money they will spend each year in retirement and where that money will come from.¹ Additionally, three in four Americans remain highly anxious about their overall retirement outlook.²

That’s where we come in.

Through the use of insurance products, we are here to help you secure your financial future. From tax-efficient strategies to protecting your assets — we’ll cover as many bases as possible to help you create an income strategy that supports your retirement lifestyle and long-term financial goals. Smart, informed decisions about your financial strategy can make for a better quality of life in retirement.

Estate Preparation

Estate preparation is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and there may be unintended consequences for your loved ones.

While the concept may seem simple, the vehicles, preparation and implementation process can be rather complex. Because of the estate tax laws and the emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.

Proper and unabridged estate preparation can be key to a rewarding retirement. It is imperative that you have your legacy properly designed to ensure a successful scenario both in retirement and for your heirs thereafter. Call today to schedule your complimentary appointment with one of our Estate Planning attorneys. Whether you need a will, a trust, power of attorney, or even a health care directive; Paramount Financial and its team is here to help.

Tax Advisory

Paying taxes is part of our patriotic duty, but no one wants to pay more than their fair share. This is as important as ever as you approach retirement. It's important to consider the potential impact of current and future income taxes on your retirement strategy: take action early and get ahead of next year's tax filing.

Paramount Financial offers tax advisory services to all of its clients. John Craft is a Certified Public Accountant with over 40 years of tax and accounting experience. John graduated from the University of Arkansas in Fayetteville and is the owner of Craft, Veach & Company, PLC, a Certified Public Accounting firm that was established in 1997. Through his firm, he has provided tax consulting, tax return preparation, accounting services and financial auditing services for years. John also holds a Series 65 license and is a Registered Investment Advisor. John’s focus is on providing personalized attention to client needs and tax saving opportunities.

Michael Hayes has been working in the accounting field since 1986, while attending college in Shreveport, LA. Upon graduating from Louisiana State University Shreveport with an accounting degree, Michael formed a partnership with a colleague and started his own accounting firm.  He has been preparing tax returns for individuals and companies ever since.  In 2003, his partner went into private accounting, and Michael ran the firm. In 2009, he entered the corporate accounting field and worked for an entrepreneur in Bossier City, as an accounting manager for him. In 2013, he moved to Little Rock, and in 2015, Michael joined the staff at Craft, Veach & Company, PLC as a tax accountant. He has since been promoted to the Accounting and Tax Manager there.

Both John and Michael work jointly on Paramount Financial’s clients’ tax needs. Both are readily available throughout the entire year for tax preparation, tax advisory, as well as questions or concerns that may arise outside of normal tax preparation.

Need your past returns reviewed for potential savings? We are glad to assist you with that also. Call today at 501.217.9122 to set up a complimentary visit where we can review how taxes are impacting your financial goals and what you can do about it.

Our firm is not permitted to offer, and no statement contained herein shall constitute, tax or legal advice. You should consult a legal or tax professional on any such matters.