Our Services | Independence Wealth Advisors

Building a Plan for Your Financial Future

At Independence Wealth Advisors, all aspects of your financial independence are incorporated into one comprehensive independence plan. Through our collaborative process, we’ll guide you towards solutions that address your key financial challenges.

Retirement Planning

Have you taken the time to figure out how you plan on living during retirement? 67% of workers are confident they will have enough money to live comfortably throughout retirement, but only 42% have ever tried to calculate how much they need to save.

To succeed in retirement, you need to have a clear vision of your goals to prepare financially. A vision that is unique to you. A great retirement plan has a clear desired outcome, informed decision-making, and is regularly reviewed and adjusted.

Our focus at Independence Wealth Advisors is retirement planning. With a vast majority of our clients planning for or currently in retirement, we are in an ideal position to help address their needs and concerns. As a team, we have over 50 years of combined asset management experience offering services including financial planning, legacy and estate planning, tax minimization strategies, asset protection, and risk management.

Asset Management

Asset management begins at our very first meeting where we focus on what your specific needs are, what you want your investment capital to do for you, and your individual risk tolerance. To determine the path to your financial independence, we need to understand where you are currently.

The objective is to develop and analyze your current situation, understand your goals, address your concerns, evaluate your investment strategy, and develop a course of action. These are the beginning steps of your comprehensive retirement plan and it is your plan that will determine what a balanced portfolio looks like for you.

Tax Planning

Americans spend countless hours calculating their taxes each and every year. The IRS also receives millions of calls from people confused about their taxes. It is not surprising considering that complying with the tax code takes a lot of time, money, and effort. However, only around 50% of us hire a professional to help us. Why? You can net 1% to 2% more rate of return with proper tax planning over time. That is why tax planning is a very important part of your long-term financial plan and something we take very seriously as financial planners. Our planning team works with some of the best CPAs to make sure that we are crossing all our T’s and dotting all our I’s.

Long-Term Care

With the amazing advancements in medicine, we are all living longer, healthier lives. For many of us that means we might spend close to a quarter of our lifetimes in retirement. Every year we get older, our life expectancy increases, so we have a longer plan which means we will face more obstacles. The biggest obstacle in most retirees’ plans is long-term care.

Long-term care is expensive! In the Greater Cleveland area, the average cost of a private room in a nursing home is upwards of ninety thousand dollars a year. That cost is forever increasing and will likely deplete your assets faster than you expect if you haven’t planned ahead.

Life Insurance

Life insurance may be an important part of your retirement plan when it comes to protecting your loved ones. There are many different strategies and they can be difficult to understand at first. How much coverage do you need? Which type of policy best fits your situation? How much will it cost? How can updating old policies improve your cost and benefit? And our favorite at Independence Wealth Advisors, how does it work with the plan? An IWA licensed professional can help you identify your wants and needs and decide which products are right for you and your family.

Estate & Legacy Planning

What is the purpose of estate management? Estate management is about preserving the assets you’ve spent a lifetime building. It’s about protecting your spouse, children, or other heirs and ensuring that your assets are distributed how and when you want them to be. Finally, estate management is about managing the amount of estate taxes that may be due after your death.

Estate tax laws are constantly changing and evolving, making it difficult to navigate on your own. Independence Wealth Advisors works with the best estate planning professionals in the business to make sure that your estate is properly managed during your lifetime and distributed after your death.

Our Team