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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What is it? A Coverdell education savings account is a tax-advantaged educational savings account that you can establish for a child under the age of 18 (this limit does not apply to beneficiaries with special needs). The child does not need to be your dependent. Contributions to a Coverdell ESA can total up to $2,000 […]
Are my Social Security benefits subject to income tax? Answer: A portion of your benefits may be subject to income tax if your modified adjusted gross income (MAGI), plus one-half your Social Security benefits, exceeds specific limits. Your MAGI equals: Adjusted gross income (or the adjusted gross income of you and your spouse if married […]
When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is, or take it with you? Should you roll the money over into an IRA or into your new employer’s retirement plan? As you consider your options, keep in mind that […]
Understanding Social Security Approximately 60 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2016) Although most people receiving Social Security are retired, you and your family members may be eligible for benefits at any age, depending on your […]
You vaguely remember signing a form every year at college registration time. Now that you’ve graduated, it’s all become painfully clear–those forms were promissory notes detailing your student loan obligations. Your loans aren’t going away, and you’ll want to repay them as quickly as possible. So whether you have a small sum or a small […]
My spouse just died. Who do I need to notify? Answer: As a recent widow or widower, you’ll face many personal and financial challenges in the following months. You should contact a number of people and agencies to help secure the financial future of you and your family. If your spouse had a will (or […]
The Kiddie Tax Special rules commonly referred to as the “kiddie tax” rules apply when a child has unearned income (for example, investment income). Children subject to the kiddie tax are generally taxed at their parents’ tax rate on any unearned income over a certain amount. For 2017, this amount is $2,100 (the first $1,050 […]
How much money will you need for a down payment? It used to be that most lenders would require a down payment equal to at least 20 percent of a home’s purchase price. Today, however, there’s good news for homebuyers who have little money saved for a down payment. Many lenders have relaxed their requirements […]
Life insurance can be an important financial tool for you and your family. For example, life insurance can help replace earnings that would cease upon your death. It can provide a legacy for your children or grandchildren, and can even be used to make a charitable gift after your death. However, the fact that you’ve […]
Aging is inevitable, and a gradual (or not so gradual) inability to function independently is a great concern for many people. While the prospect of entering a nursing home is a daunting one, equally frightening is the expense of nursing home care. Although purchasing long-term care insurance might be the most logical move, not everyone […]