Broker Check
Consider These 3 Things Before Driving Off the Lot Can Election Results Predict the Market? It May Be Time for a Financial Checkup How to Bake a Pie-R-A
Agent Photo

Tax & Financial Advisor Richmond, KY

It is more important than ever to have a tax and financial advisor* who understands the complex systems of taxes, investments*, and retirement. In far too many cases, people use multiple financial advisors, and these financial plans often do not work together. This can potentially cost a lot of money over the years.

At Williams Tax and Financial Services, our goal is to bridge that gap. A tax & financial advisor* who provides tax services, investment services*, retirement planning, and insurance services can look at your personal financial plan as a whole. Receiving ongoing personal tax and financial advice should be a major priority to anyone concerned about his or her financial well-being. Our process is unique because we start the conversation with the most basic financial statement you have - your income tax return.

Tax Preparation Richmond, KY

Did you know that taxes are the single largest expense in our lifetimes and the one expense we have the least amount of control over? There are a set of tax laws that everyone must play by. This is why tax preparation and tax planning play such major roles in investment management*, retirement planning, and financial planning*. For example, many retirees will be in 25 percent tax brackets or higher, causing a huge burden. Fortunately, this burden may be reduced significantly with proper tax planning. Tax planning can keep your hard earned money in your IRA and 401k by not giving it to the IRS. This is just one way taxes can impact your investment management and retirement planning decisions.

The great news is that there are many tax planning strategies to reduce or even eliminate your income tax burdens in the future. A key factor is having a tax and financial advisor* who can provide the services you need for every aspect of your financials in order to show you where the tax saving opportunities are. Ask us today about receiving your complimentary customized tax report and leveraging our expertise to provide you with a “1040 Advantage.”

Investment Management * Richmond, KY

Having a tax-efficient investment plan will give you a head start, but this is only part of the equation. Building and protecting your retirement savings is critical to pursuing your goals, but day-to-day investment management is complex and time-consuming. If you are going to professionally manage your IRA or 401k, you will need stock market research, asset allocation models, capital market assumptions, etc. However, if you are like most people, this isn't how you want to spend your evenings and weekends!

A solution is to use an experienced financial advisor with an innovative approach to managing client portfolios. Our approach combines financial advice with investment guidance. We strongly believe in the concepts of asset allocation, diversification, and active rebalancing. Each of these investment concepts is individually important; it is the combination of these concepts that manages the overall risk and return of an investment portfolio.

Retirement Planning Richmond, KY

Retirement planning puts your life plan on paper and prioritizes and organizes your goals. In fact, a recent study shows only 46 percent of Americans know how much they need to save for retirement. Having an organized plan that is broken down into smaller, actionable steps, such as the 8 Wealth Management Issues, can help you be disciplined and stay on track. This can help streamline the financial planning process and give you the confidence you need to move toward with your financial goals. This will also identify areas of strength and those that need some assistance.


This three-minute video explains how your Advisor starts with taxes, defines and prioritizes your wealth management issues, creates a plan, and then brings that plan to life.

We have enjoyed serving the Richmond, Kentucky and surrounding areas of Lexington, Kentucky. Williams Tax and Financial Services has clients in Richmond, Berea, Winchester, Lexington, and in many other states. If you are new to Richmond, Kentucky, it is a great place to reside and work. We look forward to making it better by helping our clients with their tax, investment*, and retirement planning needs.

* These services are offered by Tim Williams through his affiliation with HD Vest.

Helpful Content

Forecast

Forecast

The market is as unpredictable as the weather. We’d love to help you prepare.

Password Protection Strategies

Password Protection Strategies

Simple steps may help you foil hackers and protect your privacy.

The Lowdown on Those Free Credit Scores

The Lowdown on Those Free Credit Scores

What’s the deal with your yearly free credit report?

 

Insurance Needs Assessment: When You're Newly Married

Marriage changes everything, including your insurance needs.

Top New Digital Tools for Small Businesses

Apps that help small business owners better manage and grow their business.

Global vs. International: What’s The Difference?

International funds invest in non-U.S. markets, while global funds may invest in U.S. stocks alongside non-U.S. stocks.

Buying Auto Insurance For Teen Drivers

Tips on insuring your teen driver.

A Primer on Dividends

A company's profits can be reinvested or paid out to the company’s shareholders as “dividends."

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.

View all articles arrow

Paying Off a Credit Card

Enter various payment options and determine how long it may take to pay off a credit card.

Taxable vs. Tax-Deferred Savings

Use this calculator to compare the future value of investments with different tax consequences.

Annuity Comparison

This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.

Federal Income Tax

Use this calculator to estimate your income tax liability along with average and marginal tax rates.

Saving for College

This calculator can help you estimate how much you should be saving for college.

Should I Pay Off Debt or Invest?

This calculator will help determine whether you should invest funds or pay down debt.

View all calculators arrow

An Inside Look at Retirement Living

A number of questions and concerns need to be addressed to help you better prepare for retirement living.

Principles of Preserving Wealth

How federal estate taxes work, plus estate management documents and tactics.

Your Cash Flow Statement

A presentation about managing money: using it, saving it, and even getting credit.

Retirement Plan Distributions

There are a number of ways to withdraw money from a qualified retirement plan.

Managing Your Lifestyle

Using smart management to get more of what you want and free up assets to invest.

5 Smart Investing Principles

Principles that can help create a portfolio designed to pursue investment goals.

View all presentations arrow

Jane Bond: Scaling the Ladder

Agent Jane Bond is on the case, uncovering the mystery of bond laddering.

Your Personal Recovery

As the economy gathers momentum, many are waiting for their personal finances to gather momentum, too.

Emerging Market Opportunities

What are your options for investing in emerging markets?

Should You Invest in Exchange Traded Funds?

There are hundreds of ETFs available. Should you invest in them?

A Bucket Plan to Go with Your Bucket List

A bucket plan can help you be better prepared for a comfortable retirement.

The Richest Man in Babylon

In good times and bad, consistently saving a percentage of your income is a sound financial practice.

View all videos arrow