Financial Services
Nesmith Insurance Agency, LLC through an alliance with Summit Wealth
Mgt, Inc. and Douglas L. Schutte, ChFC, can meet your financial,
tax and estate planning issues no matter what size your estate may be.
We offer "Comprehensive Financial Planning" that few companies really
provide. And, we do this with a level of personalized service and
creativity that the big brokers and banks have difficulty matching.
Summit Wealth Mgt., Inc. also provides investment advisory services to
meet a wide variety of planning objectives and personal risk tolerances.
They are an independent financial services firm with no proprietary
products to sell and they have the flexibility to find the best
financial solution to meet your needs. Give a call to set up a free,
no-pressure consultation.
You will be glad you did!
Comprehensive Financial Planning Wealth Management
Most people spend more time planning their annual one week vacation than they do planning their financial affairs that will last a lifetime. We will help you plan for the rest of your life.
Success... it can be measured in many ways, but success has a price. The more financial success you have, the more time it takes to manage it. As your wealth grows, life does not grow simpler, it gets more complex.
Knowing Your Finances
Do you know if your assets are working as hard as you are? Are your
retirement strategies as effective as you think? Do you take advantage
of current laws to minimize your tax exposure?
Our firm has assembled a team of financial specialists who provide you
unbiased and ongoing advice to navigate today's complex financial
landscape. We have a long history of successful collaboration to
connect our clients' short-term financial needs with their long-term
personal goals. Our financial specialists have developed planning
methodologies to help you accomplish these goals.
Latest Technology
We use sophisticated tools to appraise and analyze the current values of all of your assets. With these current values, our specialists examine your goals, assets and financial expectations to generate what we call a gap analysis of what actions are needed in order to to achieve you goals. Your specific plan can include recommendations on managing cash flow, asset allocation, tax strategy, risk tolerance, insurance savings plans, and annuity options.
Experience and Innovation
We have been providing comprehensive financial advisory services for over twelve years. Our clients reside in New York, Pennsylvania and other states across the United States. We constantly strive to improve the ways in which we strive to manage and drive your financial future. Our clients deserve and should expect to receive more from us than they can get anywhere else.
Services Offered
- Investment and Cash Flow Planning
- Retirement and Fringe Benefit Planning
- Estate Conservation and Distribution Planning
- Education Planning
- Business Continuity and Succession Planning
- Contingency Planning for Disability, Death and Long Term Care
- Tax Preparation
To help you prepare for your financial future, we
- Identify and prioritize the needs and goals of your financial future,
- Gather information relating to assets, existing insurance and investments,
- Analyze your information, mapping out the best financial avenue for you,
- Develop your personal financial plan based on your needs and goals,
- Implement a specific financial solution designed to meet your financial objectives.
Ask Yourself These Questions:
- Are you confused by the vast array of investment options?
- Are you unclear about how your current investments are performing?
- Is the risk taken in your investment portfolio appropriate for
your goals?
- Will your investment portfolio actually help you meet your goals?
- Do you and your spouse differ on how to handle money?
- Are you uncertain if you have the right kinds and amounts of
insurance coverage?
- Have you created an estate plan?
- Do you feel you are paying to much in taxes?
- Do you worry about not having enough money on which to retire?
If you are concerned about any of these questions, a comprehensive financial plan may help you. A financial plan will give you a clear picture, perhaps for the first time, where you stand financially. Financial planning integrates your assets with your goals and objectives. If you know where you stand financially, where you're going, and how you're going to get there, you'll feel more confident about your financial situation, about yourself and about your relationships.
Saving for retirement takes commitment, discipline and, most
importantly, time.
Traditional IRAs and employer-sponsored retirement plans are two of
the most common ways to save for retirement. What happens to your
retirement savings if you change employers or want to move your IRA?
Your Erie Agent can help you move all or part of your retirement savings
into an annuity with Erie Family Life Insurance Company, either through
a “transfer” or a “rollover.”
A “transfer” is the easiest way to move funds and avoid paying taxes and
a possible penalty. Funds are sent from the present plan directly to a
new plan. You never take possession of the money.
Alternatively, the plan could distribute the funds to you to
subsequently “rollover” into another plan, like an IRA. However, the
employer must withhold income tax from the distribution at the rate of
20 percent.
To avoid having to pay the income tax, and a possible IRS penalty, you
must “rollover” the “entire balance” to an IRA or similar plan. You
would have to replace the amount withheld for taxes from another source
to make a “rollover” of the “entire balance.”
It is generally advisable to “transfer” pre-tax retirement savings to
another similar plan to avoid income tax and penalties.
What products does Erie Family Life offer for transfers and
rollovers?
Erie Family Life offers several attractive options.
If you want an income from your retirement savings, Erie ’s Single
Premium Immediate Annuity is an excellent choice. A variety of options
are available to establish an income stream for retirement.
If you want your retirement savings to continue to grow, Erie Family
Life’s CD-type annuity is a great alternative. You may choose a 3, 5 or
7 year guaranteed interest rate.
If you wish to transfer or rollover retirement savings and continue
making pre-tax contributions, Erie ’s Flexible Premium Deferred Annuity
is the plan for you. The FPDA can also be used for Roth IRA
contributions.
If you have specific tax questions about your retirement savings or your
eligibility for a certain plan, talk to your tax advisor.
As a business owner, you work hard to build and
run a successful company. As your organization grows, the need to
establish a valuable
retirement program becomes more important. As a quality employer, one of
your goals is to create a positive work environment for your
employees as well as for yourself. With the rising cost of employee
benefits, that can be a difficult challenge. Fortunately, Erie Family
Life can help.
Saving for Retirement Today, Social Security replaces about 40
percent of pre-retirement income, so having an additional source of
retirement savings is critical.
Establishing a plan that offers flexibility, tax deductible
contributions and tax-deferred growth can go a long way toward providing
additional retirement income. You can easily start a retirement plan for
yourself and your employees using an annuity from Erie Family Life, and
you’ll receive personal service from your local ERIE Agent.
Why choose an ERIE® annuity?
An ERIE annuity guarantees a minimum interest rate for the life of the
plan and ensures that all of your retirement savings will be there when
you need them most. At the same time, all contributions are
tax-deductible and all interest earned is tax-deferred until withdrawn.
CD-type annuities are available for rollovers with current rates
guaranteed for 3, 5 or 7 years.
Do you have enough money saved for retirement ? Four out of five
people age 55 or older have less than $100,000 in retirement savings.
Secure your future financial freedom with an annuity from Erie Family
Life.
Check out the CD Annuity Average Yield
!
It’s never too late to start saving for retirement.
How does Erie Family Life's CD-type annuity work ?
A CD type annuity provides features that combines the best of two products: CDs and annuities. Like a CD, the interest rate is guaranteed for a specific period of time. With Erie's CD Type annuity, the initial rate of interest is guaranteed for 3, 5 or 7 years. After that, the accumulated value will earn a competitive interest rate and the surrender charge will expire. Annuities guarantee a retirement income that cannot be outlived.
How does ERIE’S Flexible Premium Deferred Annuity work ?
A Flexible Premium Deferred Annuity (FPDA) allows you to make regularly scheduled payments. You can choose from our popular chek-matic plan, or direct bill, monthly, quarterly, semi-annually or annually. You may make additional payments at any time. You can purchase an FPDA for as little as $300 with the application and a monthly chek-matic payment of $25. If you prefer to be direct billed, $600 is required yearly.
What interest rate will I earn ?
The current rate of interest credited on a CD-type annuity is guaranteed for 3,5 or 7 years and may include an interest rate bonus in the first year. The FPDA rate is guaranteed for one year. After the guarantee period, credited rates fluctuate with the market conditions but will never be less than the guaranteed minimum of 3 percent.
Call us now for current rates !
