Areas of Focus

Comprehensive Financial Planning

At McCormick Wealth Management, we believe in a comprehensive approach to managing your financial future. Our services encompass four key focus areas essential to pursuing your financial success, and we'll work with you to review and adjust them as necessary to keep you aligned with your goals.

Investments

Our dedicated team will conduct a thorough assessment of your portfolio, analyzing your allocations and strategies to ensure they align with your specific needs.

When it comes to framing investment decisions, we believe in considering four crucial concepts:

  • Objective: Clarifying the purpose of your investments, whether it's focused on growth, income, or preservation.
  • Time Horizon: Determining the timeframe within which you will require the funds, distinguishing between short-term and long-term goals.
  • Risk Tolerance: Understanding that returns often correlate with risk, we'll explore your comfort level, whether it leans towards conservative, moderate, or aggressive approaches.
  • Liquidity Needs: Evaluating the accessibility requirements of your investments, including the speed at which you may need to convert them back to cash.

Asset Protection Strategies

Through close collaboration, we will assist you in crafting a plan that encompasses essential protective measures such as life insurance, long-term care, and other relevant safeguards.

Liabilities

We understand that comprehensive wealth management encompasses both sides of the balance sheet: assets and liabilities. We recognize the significance of credit access and lending opportunities in your financial strategy. Our team is committed to assisting you in effectively managing your debts while seeking to optimize your financial potential, ensuring that all aspects of your financial well-being are addressed.

Estate and Tax Strategies

As part of our process, we collaborate with your trusted tax and legal professionals to define and honor your intentions, preserving your legacy and minimizing tax obligations. By coordinating investment and planning decisions with these experts, we strive to maximize efficiencies in tax planning and legacy preservation.

Small Business Retirement Plans

We specialize in providing a comprehensive solution for small business owners seeking to establish and manage employer-sponsored retirement plans. We understand the unique needs and goals of your company and are committed to assisting you in selecting the ideal retirement plan that aligns with your objectives. Whether it's a straightforward SIMPLE or SEP IRA or the flexibility of customized 401(k) plans with a profit-sharing component, we have the expertise to evaluate your current plan or assist in setting up a new plan tailored to your specific requirements.

Employer-sponsored retirement plans offer significant tax benefits for both employers and employees. These plans not only serve as attractive benefits for prospective employees but also play a crucial role in retaining high-quality talent. With our expertise, you can rest assured that your retirement plan will be effectively managed, providing substantial value to your employees, while minimizing costs for you as the employer.

Contact us today to explore how our comprehensive solutions can assist you in navigating the complexities of employer-sponsored retirement plans, ensuring a secure and rewarding future for both you and your valued employees.