We offer a comprehensive fee-only approach to financial planning that entails reviewing all areas of your finances and goals. All of these areas can be reviewed in a comprehensive financial plan or separately as smaller projects. We provide all of our services for a fee and do not receive any commissions from the purchase or sale of any products.

Fees for a comprehensive financial plan depend on the complexity of the plan. Comprehensive financial plans tend to range from $1,500 to $5,000.

We understand that not all clients require a comprehensive financial plan. We also work on specific targeted areas of your finances for a rate of $150 an hour. For example, if you only need to have your 401(k) reviewed and you did not need a comprehensive review of all of your finances, we can work on an hourly basis to conduct an analysis of your 401(k).

All of the services we offer in a comprehensive financial plan or as separate projects are listed below:

Financial Planning

Retirement Planning: Your current retirement goals can be reviewed to ensure you are preparing adequately for them. We can determine if you are on track with your current savings and investments to retire with the income you desire. We can also open a traditional IRA, Roth IRA, or 403(b) retirement account for you.

Insurance Review: We can conduct a review of all of your current insurance to ensure proper coverage and to determine if the insurance fits with your overall financial goals. We can also review insurance policies before you purchase them. Examples of policies we review are life, health, and disability.

Estate Planning: The creation of a proper estate plan is very important to ensure your assets will be passed to your family, friends, or charity. We can assist you to create an estate plan and conduct the planning in a way to eliminate or minimize estate taxes. Estate planning includes the creation of a will, and under certain circumstances, the establishment of a trust, Power of Attorney for Healthcare, and Power of Attorney for Finances.

Educational Planning: We can create an education funding plan to ensure your child has the proper resources to attend a university. We do this using tax efficient vehicles such as Coverdell Education Savings Accounts or 529 College Savings Plans.

Cash Flow or Budgeting Analysis: We can review your current income and expenses to ensure that you are budgeting adequately for your financial goals.

Additional Financial Planning: There are additional areas of your finances we can also review. Examples of topics in this area include debt reduction and management, new home purchase analysis, Qualified Plan/IRA roll over, 72(t) distributions, and charitable giving.

Goal Setting: We can help you visualize your financial goals for you and your family. Over time, we can then coach and encourage you to help you meet your goals.

Investment Management

Growing and preserving your wealth is a primary goal at Cadena Financial Planning & Tax Services. We believe this is best accomplished by the investment management process. We provide the following services in this area:

Portfolio Analysis: An analysis can be conducted on your current portfolio. If necessary, we can recommend changes based on your goals, risk tolerance, and prevailing economic conditions.

Asset Allocation: We provide a recommended asset allocation based on your time horizon. We determine what combination of different asset classes work best for your financial goals and then make recommendations for investments inside those classes.

Continuous Management: Your investment portfolio can be continuously managed. After we review your current portfolio we can implement, manage, and reevaluate your portfolio on a continuous basis. We will meet with you periodically to review all aspects of your portfolio with you.

Tax Advice

Tax preparation and planning is a cornerstone of any financial plan. We offer a full array of tax advice for our clients that includes the following:

Tax Preparation: We can prepare your annual Federal and State tax returns and provide advice on how to lower your tax burden in the future.

Tax Planning: Most financial decisions have tax consequences associated with them. We can review tax topics during the year to help to minimize your taxes at the end of the tax year. We provide tax advice on multiple topics such as selling your home, estimated tax payments, 72(t) distributions, whether to contribute to a Roth IRA or Traditional IRA, and charitable giving.

Representation: If you are audited by the IRS or Franchise Tax Board we can provide representation for you. Financial planning clients receive this service at no additional charge for returns that we prepare.