Services for Business Owners

At Passehl Financial Services, we understand the opportunities and risks associated with running a company. That’s because we’re business owners, just like you. We’ve experienced the highs and lows, the peace and stress, and we know firsthand what it’s like to pour everything you have into the business you love. We have all the respect in the world for those who are willing to put it all on the line to make their dreams come true, and we have a special affinity for helping entrepreneurs like you succeed.

We offer a wide range of services to help you address their financial needs at every stage of the business life cycle. We take into account your goals, fears, and tolerance to risk, and create innovative strategies to help you balance your personal and professional objectives. Some of our key services include:

For Your Business

What will happen to your business when you retire, or if you become permanently disabled or die? What's the value of your business, and how much is each owner's share worth? As a business owner, you know how many years you have invested in your business. Wanting it to continue is natural. Because we specialize in business succession planning, we can help you answer these and other questions. Together we can develop a plan to help ensure a smooth transfer of your business.

As a business owner, you know that your presence on the job is crucial. Securing the right kind of business protection can be complicated. Using our expertise in business risk management from Northwestern Mutual, we can help you protect your business to ensure its future.

Sponsoring a qualified plan is a critically important step toward achieving retirement security for you and your employees. Choosing the right plan design elements will allow you to balance your goals for tax deferred wealth accumulation with the cost and complexity involved. Our plan specialists will help you to evaluate multiple plan design options and understand the impact they will have on you, your employees and the bottom line.

Disability income insurance protects one of your most valuable assets - your ability to earn an income. A disability could suspend or terminate your income for an extended period of time. It may force you to close your business. With our expertise in disability income planning, we can recommend disability income insurance products from Northwestern Mutual.

Employee benefits are an important part of the growth of your business. Benefits such as health insurance, pension plans, group life and disability income plans make up the compensation package that helps ensure continued employee satisfaction and well-being within your company. Designing an employee benefit approach can be a complicated, technical and time-consuming matter. Working with a specialist who offers access to comprehensive employee benefit services through local and independently owned companies, provides a number of advantages, including experienced professionals with access to top providers and a wealth of benefit choices tailored to meet your business' ever-changing needs.

These employer-sponsored retirement accounts provide a way for employees to save for retirement. As an employee benefit, you can choose the percentage (if any) to match of your employees’ contributions. Employers may also offer a Roth option in the 401(k) Plan, which permits after-tax employee contributions. The IRS sets the annual contribution dollar limit, which is the same for both regular and Roth contributions in 401(k) plans. We’ll help you discover which plan is best for your business and your employees.

For You

Perhaps one of the greatest financial challenges you will face in your lifetime is preparing adequately for your retirement. We will help you create a plan that will assess your current financial situation, determine the retirement lifestyle for your future, review the many options available, and put solutions in place to help ensure you achieve the retirement of your dreams.

You work your whole life to build your estate. You should have control over what happens to it upon your death. Building a lasting legacy takes more than simply accumulating a large portfolio. You need a solution that remains flexible enough to allow you to maintain maximum control of your assets and enjoy them during your lifetime while you prepare for the efficient transfer of those assets after you die.

Many people realize that they need life insurance. And, many people have opinions about what type of life insurance they prefer. I regularly help people determine how much life insurance they need and what types or combination of types of coverage are best suited to help them further their own objectives. A well-constructed life insurance policy can be a valuable part of your overall financial security plan. I will help you look at this in the context of your overall financial security plan and help you determine what makes the most sense for your particular situation.

Geoffrey J. Passehl, CLU®, ChFC®, CASL®, RICP®
Wealth Management Advisor


Passehl Financial Services

 

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