A financial professional can apply his or her skills to your specific needs. Just as important, you have someone who can answer questions about things that you may find confusing or anxiety-provoking. When the financial markets go through one of their periodic downturns, having someone you can turn to may help you make sense of it all.
You may have a very idealistic vision of retirement planning–doing all of the things that you never seem to have time to do now. But how do you pursue that vision? There’s good news: Retirement planning is easier than it used to be, thanks to the many tools and resources available. Here are some basic steps to get you started…
Create Your M.A.P.
Having a plan to get at what you need when you need it is the core of financial planning. Developing a “Money Access Plan” or M.A.P. is
Donald A. Galade routinely attends intense training sessions that deal exclusively with
Donald A. Galade has served as a music director and an advisory board member of Faith Assembly of God Church in Hazle Township, PA as well as Vice President of Pennsylvanians for Human Life, a former board member of Unico and is a former member of Kiwanis and Rotary clubs.
Generally two ways of obtaining financial advice: one is given by stockbrokers, and the other is given by Investment Advisors. While many investors aren’t even aware differences exist, one of the main differences is that investment advisors have a fiduciary duty to act in the best interests of their clients at all times.
An RIA is legally bound to work in your best interest. Under the Investment Advisers Act of 1940, registered investment advisors are held to a fiduciary standard of care. By law, they must ensure that each investment recommendation they make is based on your best interest. In the event that a conflict of interest should arise, RIAs are required to let you know. Additionally, they are required to have a written code of ethics that governs their actions and fully discloses how they are compensated
The GFS Financial Advisors, LLC (GFS) family has two entities to service your financial needs in a holistic way. Donald A. Galade is President of Galade Financial Services, Inc.*, and CEO of GFS Financial Advisors, LLC, a registered investment advisory firm. GFS is an independent Registered Investment Advisor. Our mission is to provide the families and businesses we serve with innovative financial strategies, solutions, and planning that result in financial clarity and security.
At GFS, we believe no two investors are alike. In order to help each client meet their financial goals, we base our process on a client-focused personalized approach using multiple investment strategies.
- Our advice and recommendations are tailored to our clients’ investment goals, desired return objectives, risk tolerance, time horizon, cash requirements
- Our investment strategy is designed based on your long-term investment goals of preserving principal, maximizing income or accumulating capital.
- As a fiduciary, we have an obligation to ensure the appropriate products are chosen based on the client’s best interest.
- We develop your personalized asset allocation model based on individual risk tolerance, objectives and financial needs.
- Our goal is to maximize your investment returns while minimizing your risk through diversification of your assets.
*Insurance products and services are offered through Galade Financial Services Inc.
We’ve made it our mission to help provide our clients with complete financial peace of mind. This is accomplished through holistic philosophy; focusing on relationships, respect, commitment, confidence
We focus on the big picture for our clients, considering all aspects of financial planning, not just your investments. That’s why we review recent tax returns, all investment plans, your existing debt structure, short and long term savings vehicles, insurance plans and legacy documents, to ensure each client has a comprehensive and customized plan that meets their individual goals.
GFS strives to educate our clients on all financial vehicles available in today’s market. Using these vehicles effectively, we then build a customized M.A.P. (Money Access Plan) which becomes the blueprint for the future.
Our firm does not give legal advice, but we have partners who do. Our firm does not give tax advice, but we have partners who do. We work for our clients, not financial institutions. Our clients are presented with accurate and complete information when formulating financial strategies as well as ensuring these strategies are properly implemented.
As specialists in life insurance and wealth transfer strategies, we help you understand the impact your financial position will have on your heirs and how to make sure your nest egg takes care of you and those you care about most.
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It may seem that there’s an app or software program for every purpose, and that includes managing your money. Here are some examples where technology may be useful in helping you get a handle on your money. Creating a budget: There are multiple apps available that enable you to input your monthly income and expenses […]
Adoption credit Adoption credit 2016 2017 Maximum credit $13,460 $13,570 Phaseout threshold amount $201,920 $203,540 Completed phaseout amount after $241,920 $243,540 Alternative Minimum Tax (AMT) Maximum AMT exemption amount 2016 2017 Married filing jointly or surviving spouse $83,800 $84,500 Single or head of household $53,900 $54,300 Married filing separately $41,900 $42,250 AMT income exemption phaseout […]
Answer: Yes. Series EE bonds (which may also be called Patriot bonds) are generally inexpensive, low-risk investments whose earnings are exempt from state and local taxes. In addition, in the college savings game, the interest earned by Series EE bonds (and Series I bonds) may be exempt from federal tax if the following requirements are […]
Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned income when you can’t work. Why would you need disability insurance? Your chances of being disabled for longer than three months are much […]
Rollovers In general, a rollover is the movement of funds from one retirement savings vehicle to another. You may want, or need, to make a rollover for any number of reasons–your employment situation has changed, you want to switch investments, or you’ve received death benefits from your spouse’s retirement plan. There are two possible ways […]
The Best Property to Give to Charity Giving to charity is not only personally satisfying, the IRS (and possibly your state) also rewards you with generous tax breaks. Current income tax deduction if you itemize, subject to certain percentage limitations for any one year Tax benefit received reduces the cost of the donation (e.g., a […]
What are required minimum distributions and how are they calculated? Answer: Required minimum distributions are the amounts that you must withdraw each year from your traditional IRA, employer-sponsored retirement plan, or tax-sheltered annuity. (Lifetime minimum distributions are not required from Roth IRAs, but your beneficiaries generally must begin taking distributions following your death.) You must […]
Fixed Annuities Variable Annuities Minimum guaranteed interest paid Yes No1 Minimum death benefit Yes Yes Possibility of losing principal due to fluctuation in investment values No2 Yes Multiple investment options No Yes 1 Unless fixed account option is available and elected 2 Guarantees subject to the claims-paying ability and financial strength of the annuity issuer […]
Answer: In a word, no. Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die. Your objective may be to simply make sure that your loved ones are provided for. Or you may have more complex goals, such as avoiding probate or […]
Four Common Questions about Social Security As you near retirement, it’s likely you’ll have many questions about Social Security. Here are a few of the most common questions and answers about Social Security benefits. Will Social Security be around when you need it? You’ve probably heard media reports about the worrisome financial condition of Social […]