What We Do
With over 50 years of combined professional experience, the MILES Financial Group has the high-quality financial experience needed to meet our client’s financial and estate planning needs. For you, we’re there to help manage your plan every step of the way to help ensure that the retirement miles ahead of you are clear and stress-free.
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Our Services
Meeting your financial goals is our mission – barre none. We bring to you financial professionals specializing in areas such as tax-free asset growth, wealth preservation, guaranteed lifetime income, premium financing, and estate planning.
At Miles, we don’t try to sell you financial products that may or may not work for you. We know that your financial plan doesn’t meet your goals without dedication to using every resource at our disposal to meet your needs.
Nothing in life is risk-free. But there are strategies, financial tools, and products out there that can work to meet your financial goals while providing the stability you seek.
With all the volatility in the stock market recently, you may be wondering if there are ways to invest without relying on stock market exposure. You might be surprised at how many viable, lucrative non-stock market options there are that could potentially fit into your financial strategy.
At Miles Financial Group, we can work with you to see how non-stock market investment can provide you with risk-averse wealth protection in your overall retirement plan.
When it comes to your retirement income, taxes are a major hindrance to that regular cash you need to maintain your standard of living and retirement longevity.
There are a variety of investment vehicles out there that can actually provide you tax-free income, but it’s important to make sure that your investments are the proper fit for your financial goals and timelines
At Miles, we can help you develop a tax-free income plan that works according to your unique retirement plan.
We all know that a 401(k) is one of the most important retirement planning tools available. You’ve paid into it for decades and will likely need to rely on it, among other income sources for retirement income. But contributing to a retirement investment account is a different question than turning it into retirement income.
But what if you have multiple IRAs or 401(k)s? What if you’ve lost a retirement account from a previous employer and don’t know how to access it? Are you making sure you’re using them properly? Would you benefit from rolling them over to a different account? Have you optimized your Roth accounts and strategized for tax minimization?
At Miles, we utilize our financial professionals to assess your retirement goals and financial situation to come up with a tailored plan to maximize what you have to work for your goals.
Investment management is one of the most crucial parts of maximizing your retirement savings to meet your financial goals. But investment management is more than just stock picking. When market environments are smooth sailing, it can seem like you can manage your finances by yourself with ease.
But when waters get choppy and the market gets harder to navigate, is your investment strategy constructed to weather a storm and meet your wealth and income goals?
At Miles Financial Group, we offer investment expertise and teams of people to help all facets of your unique retirement plan work in tandem with each other, whether managing the equities in your IRA portfolio or offering financial guidance uniquely tailored to your plan.
Long-Term Care is a crucial piece of maintaining your quality of life in your later years. With rising healthcare costs with the added healthcare needed to keep you happy and healthy in your later years, it can be difficult to pay for your healthcare needs as you age without support.
At Miles, we can work with you to implement the right strategies and tools to help you diffuse and reduce the costs of healthcare and long-term care in a way that fits your and your family’s needs.
End-of-life planning is a difficult subject to broach. But having an air-tight plan can be the greatest gift you can leave to your loved ones, solidifying your legacy with generosity. Without an estate or legacy plan, you may leave your successors with confusion, high costs, and may even start family squabbles. Developing a clear trust and estate plan can make all the difference in defining your legacy.
But that’s easier said than done. You may be wondering how wills and trusts work, and how to start thinking about dividing your assets, whether real estate, heirlooms, or retirement accounts, amongst your successors. Maybe you’re even thinking about charitable giving.
At Miles Financial Group, we deploy our financial professionals to help start the trusts, estate, and legacy planning conversation and work with you and your family to integrate all the moving parts to a legacy and estate plan with your retirement plan.
Our Services
Income Planning For Life
When looking to meet your financial goals, you need to develop your retirement and savings solutions. By working with a leading financial services firm specializing in tax-free asset growth, wealth preservation, guaranteed lifetime income, premium financing and estate planning like Miles Financial Group, there is commitment to helping clients secure their financial future.
No Market Risk Strategies
Nothing in life is risk-free. But investing in indexed universal life (IUL) insurance comes pretty close. IUL policies offer tax-deferred cash accumulation for retirement while maintaining a death benefit. People who need permanent life insurance protection but wish to take advantage of possible cash accumulation via an equity index might use IULs as key-person insurance for business owners, premium financing plans or estate-planning vehicles.
Amounts credited to the cash value grow tax deferred. The cash value can pay the insurance premiums, allowing the policyholder to reduce or stop making out-of-pocket premiums payments. Most IUL policies offer a host of optional riders, from death benefit guarantees to no-lapse guarantees. The policy is not directly invested in the stock market, thus reducing risk.
IULs usually offer a guaranteed minimum fixed interest rate and a choice of indexes. IUL insurance policies are a viable option for people looking for the security of a fixed universal life policy and the interest-earning potential of a variable policy.
Tax Free Income
Traditional life insurance is designed to provide security for your loved ones in the event of your premature death…but what if you have a serious heart attack, invasive cancer or a stroke and don’t die? What about financial help during critical or long-term chronic illnesses, at retirement or to offset the costs of life’s other milestones? Living Benefits Insurance offers the flexibility to receive benefits during your lifetime and the potential to access cash TAX FREE to provide money to supplement your retirement or meet other financial goals.
IRA & 401(k) Guidance
We all know that a 401(k) is one of the most important retirement planning tools we have. You pay into it for decades and will likely need to rely on it, among other income sources, for decades in retirement. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly. If you roll over funds directly into an IRA, you will not owe tax on them. IRAs typically offer many more investment options than workplace 401(k) plans, giving you more flexibility to pursue an investment strategy that suits you specifically.
Investment Management
An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement. Once you make an investment in the annuity, it then makes payments to you on a future date or series of dates. The size of the payments are determined by a variety of factors, including the length of your payment period. You can receive payments for the rest of your life, or for a set number of years.
Long-Term Care
Term insurance can be a good fit for younger individuals and families, who need protection against the loss of income of a primary earner for a stated period of time, at an affordable cost. In most cases, a medical examination will be required. Term insurance does not build cash value, so at the end of the term, the policy will have no value. Whole life insurance may provide protection for your entire life. Whole life insurance accumulates a cash value, and the policy owner may be able to borrow against it tax-free.
Trusts, Estate and Legacy Planning
Estate Planning is the process of an deciding during their lifetime what will happen to their assets after they have passed away. This is accomplished by drafting a Will or Trust. The Assets of a person are referred to as their Estate.
If an individual or a couple decide how they would like to dispose of their Estate and who should be responsible for administering the Estate, this becomes a legal document that is enforceable by the court.
A Trust is an Estate Planning Tool that transfers an individual or married couples assets during their lifetime. In setting up a Living Trust, the person(s) creating theTrust are referred to as the Settlors. Additionally, they are usually the initial Trustees, who are responsible for administering the assets of the Trust. Those who inherit the assets of the Trust are usually referred to as Beneficiaries.
Helping you prepare for the MILES ahead.
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