Wealth management and financial planning; for individuals and businesses.

Crafting Your Financial Future

Financial planning isn't just about crunching numbers or drawing up fancy charts; it's about creating the life you've always dreamed of for you and your family. At Benson Wealth Management, we get down to the nitty-gritty of what you're aiming for, what drives you, and the legacy you're looking to build. We're all about crafting plans that fit you just right, because we know one size definitely doesn't fit all. Our team is here to walk you through the ups and downs of your financial journey, helping you navigate towards a future that's secure and bright.

Our Financial Planning Services

We offer a wide array of financial planning services designed to meet your diverse needs. Whether you're planning for retirement, managing taxes, saving for college, or preparing for life's unexpected turns, our services are crafted to provide peace of mind and financial well-being.

01 Retirement Plans

Tailored strategies designed to ensure you can live comfortably after you retire, focusing on income generation, growth, and preservation of your savings to support your desired lifestyle in your golden years.

02 Tax Plans

Customized planning to help minimize your tax liabilities through strategic investments, deductions, and timing, ensuring you keep more of your hard-earned money.

03 401(k) Planning

Guidance on setting up and managing a 401(k) plan, a tax-advantaged retirement savings account offered by employers, helping you maximize employer matches and tax benefits while planning for retirement.

04 403(b) Planning

Similar to 401(k) planning but specifically designed for employees of public schools and certain tax-exempt organizations, focusing on maximizing retirement savings with tax advantages.

05 College Plans

Strategies to save for future education costs, using tax-advantaged savings accounts like 529 plans or Coverdell ESAs to ensure you or your loved ones can afford higher education when the time comes.

06 Estate Plans

Comprehensive planning to manage and preserve your assets while you're alive and control their distribution after your death, ensuring your legacy is passed on according to your wishes.

07 Money Purchasing Plans

A type of defined benefit plan where employers make mandatory contributions to employees' retirement savings based on a percentage of annual earnings, helping employees save for retirement with a predictable income source.

08 Profit Sharing Plans

Flexible retirement plans that allow employers to share a portion of the company's profits with employees, contributing to their retirement savings and aligning employees' interests with the success of the business.

FAQs

  • Is it too late to start retirement planning in my 40s?

    It's never too late to start planning for retirement. While starting earlier provides more time for your investments to grow, beginning in your 40s still offers significant opportunities to build a substantial retirement fund through strategic planning and investments.

  • How often should I review my financial plan?

    It's advisable to review your financial plan annually or whenever you experience a major life event, such as marriage, the birth of a child, a career change, or receiving an inheritance, to ensure it still aligns with your goals and circumstances.

  • Why is estate planning important?

    Estate planning is essential for ensuring that your assets are distributed according to your wishes after you pass away. It helps minimize taxes and legal complications for your heirs, ensuring that your legacy is preserved and your loved ones are taken care of.

By failing to prepare, you are preparing to fail

— Benjamin Franklin

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