Frequently Asked Questions
How can I reduce my tax liability legally?
Answer: Paying attention to your options for savings and investments is critical. Having an advisor to assist you with knowing your options and making the best investment and withdrawal decisions may optimize your tax situation. Each situation is different but generally speaking, awareness of your options to potentially reduce and circumvent your tax bill, we think, is critical so that you may make the best choices for you.
Should I use a trust or a family office to manage my wealth and taxes?
Answer: Trusts offer legal protection for assets and can be an effective tool for estate planning and tax optimization. A Family Office style advisory firm can look at estate, taxes and legacy planning. While traditional Family Offices Advisory Firms can be costly, Lenity Financial, Inc. is a non-traditional advisory firm working with families and their wealth and providing “family office” style advice and counsel through both inhouse and external expert referrals.
How do I educate my children about wealth and financial responsibility?
Answer: At Lenity, we provide for family meetings where young adult children are brought into the fold to begin to understand their families wealth. Each family is different so customizing the information that is shared is key and sharing it over a period of time along with education can prove valuable for generations.
How can I mitigate taxes beyond standard 401k contributions?
Answer: Look to your taxable assets to further manage your tax bill. At Lenity Financial, Inc., we consider tax planning daily not just once a year. So, our clients have a better handle on their tax bill without surprise when it comes to their investments.
How should I prepare for the changes in tax policies?
Answer: Staying informed is a key component for preparation. At Lenity Financial, Inc., we help our clients stay informed about tax policy changes through our meetings and email newsletters. It’s more important than ever to have an advisor who understands how decisions you and your advisor make can impact your tax bill. As a practice, Lenity Financial, Inc. participates in the Internal Revenue Service (IRS) Annual Filing Season Program to help us stay informed for our clients.
What does a financial advisor do?
Answer: A financial advisor helps clients create, manage, and achieve financial goals through personalized advice on investments, retirement planning, insurance, taxes, and wealth management.
Who can benefit from working with a financial advisor?
Answer: Anyone looking to grow their wealth, plan for retirement, manage a financial transition (like inheritance or divorce), or simply gain clarity about their financial future can benefit from professional guidance.
What’s the difference between a financial advisor and a financial planner?
Answer: A financial planner typically focuses on comprehensive, long-term planning, while a financial advisor may offer a broader range of services including investment management, estate planning, and tax strategies. Some professionals may be both as is Lenity Financial, Inc.
Are you a fiduciary?
Answer: Yes. As a fiduciary, we are legally and ethically bound to act in your best interest at all times, ensuring our recommendations are aligned with your financial goals—not driven by commissions or conflicts of interest.
How do you get paid?
Answer: Lenity Financial, Inc. offers transparent fee structures, including fee-only (based on assets under management), or a flat fee for Comprehensive Financial Planning.
Do I need a certain amount of money to work with you?
Answer: Lenity Financial, Inc. generally prefers a minimum account size of $1,000,000 for Investment Advisory Services. However, exceptions may be granted at Lenity Financial, Inc.’s discretion.
Do you work with clients remotely?
Answer: Yes. We offer secure virtual meetings, digital document sharing, and online tools so you can access account and financial planning services from anywhere.
What services do you offer?
Answer: Our services include retirement planning, investment management, tax planning, estate planning, risk management, cash flow analysis, and financial goal setting.
How much should I save for retirement?
Answer: While individual situations vary, many financial professionals suggest saving 10-20% of gross income for retirement. However, this percentage may change based on factors like your age when you start saving, desired retirement lifestyle, and other sources of retirement income. We can help you determine a savings rate that aligns with your specific retirement goals.
Can you help with retirement planning?
Answer: Yes, retirement planning is one of our core services. We help you estimate needs, choose the right savings vehicles (e.g., 401(k), IRA), and create a sustainable income strategy for retirement.
What happens if the market goes down?
Answer: Market volatility is expected. We focus on building resilient, diversified portfolios designed for long-term growth and help clients stay disciplined and avoid emotional decisions during downturns.
How are you different at Lenity Financial, Inc.?
Answer: At Lenity, we take the time to get to know you, what you value, your goals, your family. Here’s how…When you begin working with us, you will spend between 6 - 8 hours with us in the first 45 days, yet, we will spend between 20 - 30 hours getting to know you, your specific financial situation, goals, and concerns as we create your comprehensive financial plan. This unique time spent yields a wonderful beginning to a long-term relationship and allows us to truly customize your planning and investments to your specific needs and desires.
How do I get started?
Answer: Simply contact us to schedule a complimentary consultation. We’ll learn more about your goals and explain how we can help you build a plan for your financial future. Email: info@lenityfinancial.com or call #630-948-3330.