Video Updates – Williams Financial Services

[Form id=”3″]

Williams Financial Video Updates

Rules of Thumb: Part I

NEW RELEASE

Rules of Thumb: Part I

In our latest two-part series, Kevin Williams addresses the key points from a financial stewardship class. Our first video addresses the point "never buy an annuity". We'll take a look at what insurance companies provide us, in relation to risk. We'll also examine how pension plans identify opportunities to use annuities at the pension level, and what this means for us.

Come join us in this new two-part series.

To find out more:

like us on Facebook
https://www.facebook.com/WilliamsFinancialServices

and subscribe to our YouTube channel
https://www.youtube.com/channel/UC5zoRRIyMO6c8SwvmyHBnmQ

About Our Firm

Honey Bee Communication

Honey bees are master communicators. Utilizing their buzzing sounds, pheromones and dancing they tell both humans and other bees what they are constantly thinking and feeling. Financial planners also seek a high level of communication with our clients. Better decisions are made when there is a high level of collaboration from all involved. Many times a spouse or partner will defer to another on financial matters throughout their lives together, and upon the death of one of the partners, the surviving partner can feel stuck. An overreliance on a financial professional may also happen with clients. An advisor is not you and can only weigh the advantages of one alternative over another based on your goals, values and objectives. Within each of these examples above we will learn more the advantages to constant and continuous communication with your financial planner; communication much like the honey bee.

What's a Broker Dealer, and What's it Have to Do with My Finances?

Find out what a broker dealer is and what that means to you. Feel confident knowing Williams Financial Services' recommendations are based upon your unique concerns and best interests. If you would like to know more, please give us a call at 301-805-5538.

Financial Planning by Decade - Lessons from the Honey Bee

Bees in the winter live in the same hives that they inhabit all year round. They are strategic, efficient, and incredible planners - preparing the food they will need for those cold and frigid months. Much like the bee, we should prepare for those years in which we will have great financial need: retirement. Let's take a look, together, at how future retirees have much to learn from the bee.

Get your free copy of our Financial Planning by the Decade guide mentioned in the video here: https://kqwilliamsfinancial.com/financial-planning-by-decade/

Why You Want a Peer Reviewed Accountant

What is a peer review in the financial industry? We've just passed our ninth and we're pretty proud of that. So, let's take a look at why that's worth celebrating. Every 3 years a CPA firm must undergo an external evaluation; essentially the auditor becoming the audited. The goal of a peer review being to provide client confidence in the reliability of a firm's audited financial statements. A firm should always commit to compliance regardless of the nature of the oversight or the resources required. It is within this culture of providing quality services and products that we hope to serve you well. Give us a call at 301-805-5538 to learn more.

What is tax-focused financial planning?

A comprehensive approach to wealth management requires tax-focused financial planning. To better understand this method, imagine riding a 10-speed bicycle. By adjusting the gauge, you can navigate hills and obstacles while conserving energy for the road ahead. Likewise, tax-focused planning involves constantly watching the financial landscape for potential opportunities and challenges to ensure you are using the best possible strategies for fiscal health.

The team at Williams Financial Services is ready to empower you in making the best decision for your future. Contact us at https://kqwilliamsfinancial.com/contactus/ to start reaching your goals!

Lessons from the Honeybee

Have you ever watched a honeybee? While they seem to fly randomly from flower to flower, bees are actually incredibly organized and efficient. With individual discipline and hive collaboration, bees are able to survive in a world filled with powerful adversaries.

We can learn a lot about how to manage our finances and our lives by watching this magnificent creature. Call Kevin Williams today to find out how we can help you build your hive!

Bringing Clarity to Your Financial Decisions: Meet Kevin Williams

As a young boy, Kevin began learning the importance of responsible, tax-focused financial management. With his years of experience, strong education, and positive relationships, he’s ready to bring clarity to your financial decisions as well.

Providing sound financial advice and tax burden planning services, Kevin Williams works to ensure that you have the right information to make the right choices for your financial future.

Achieve Wealth Success with Tax-Focused Financial Planning

Engaging with Williams Financial Services means you’re not only hiring a wealth advisor but a skilled CPA ready to help you find the best path to financial freedom. He can help you avoid unseen opponents to protect your assets and grow your wealth. Increase your odds with tax-focused financial planning.

ASK KEVIN ANYTHING

Question

ASK A QUESTION

You ask the questions. We answer your questions, and together we help feed a local family in need. For every question used in a segment, we will donate $100 to a local food pantry or charitable food provider.

ASK KEVIN

AKA: Roth Conversions

Our newest question in the "AKA: Ask Kevin Anything" series is, “If I convert my traditional IRA to a Roth IRA, would that conversion be subject to the 3.8% Net Investment Income (NII) tax?” Kevin will guide us through this question by examining the Roth conversion process and what the Net Investment Income Tax is. Williams Financial Services has also provided a checklist of 18 considerations for Roth IRA conversions, for you to download: https://kqwilliamsfinancial.com/roth-conversion-checklist/

Participating in AKA won't just boost your financial knowledge; you’ll also be helping a family in need. For each answered question, we will donate to a local food pantry or other charitable organization. Submit your inquiry for a future segment at https://kqwilliamsfinancial.com/videos/#aka

AKA: Sale of Home

A common question in the "AKA: Ask Kevin Anything" series is, "how is the sale of a principal residence treated for tax purposes?" Kevin guides us through this as we take a look at how to calculate the gain on a principal residence, how exclusions apply for co-spouses/co-owners, and common misconceptions regarding the taxation of your principal residence.

#tax #home #principalresidence #gain #asset #exclusion #residence #foodpantry

"Ask Kevin Anything" - Answers to your wealth questions!

Do you have a burning financial question?
Want to know the difference between stocks, mutual funds, and bonds? Wondering how you can pass your property to your heirs with minimal taxes? Questioning if dolphins use "on-shore" accounts instead of "off shore" accounts to shelter their wealth?

Ask Kevin!

Kevin is more than qualified to field your questions as a Certified Public Accountant, Personal Financial Specialist, a CERTIFIED FINANCIAL PLANNER TM practitioner, and recipient of a Master of Business Administration degree:
https://kqwilliamsfinancial.com/videos/#aka

Ask Kevin Anything: Determining Cost Basis of Stock Investments

When purchasing, and subsequently selling stocks, one might be inclined to wonder about tax requirements on these shares sold. In this episode of Ask Kevin Anything (AKA), we'll take a look at "Cost Basis Methods" used by investment companies to determine the proceeds of a sale and the capital gain/loss, therein. These cost basis methods vary, however, and are not uniformly chosen by all brokerage or fund companies. We'll take a look at how to determine the best method for your needs.
Participating in AKA won’t just boost your financial knowledge, you’ll be helping a family in need! For each answered question, we will donate to a local food pantry or other charitable organization. As part of this series, we’ve contributed $500 to community organizations; and we look forward to giving much more! Submit your inquiry for a future segment at https://kqwilliamsfinancial.com/videos/#aka

Ask Kevin Anything: Mitigate Capital Gains Tax

Kevin Williams isn’t just a financial planner ready to help you manage your wealth; he’s also a qualified CPA with an expansive knowledge of the overall tax landscape and available deductions. On this episode of Ask Kevin Anything, he discusses strategies and opportunities to mitigate your capital gains burden on the sale of inherited property. Through education and careful consideration of each individual’s circumstances, Kevin helps clients maximize their wealth opportunities.

Ask Kevin Anything: Optimize Your Health Savings Account

Is it possible to transform $100 into $780 of tax savings? Spoiler alert: the answer is yes (with the right conditions, of course)! In this episode of Ask Kevin Anything (AKA), we’ll explore practical tips and strategies to optimize your Health Savings Account contributions and mitigate your overall tax burden.

Ask Kevin Anything: Revocable Trusts

In this episode of “Ask Kevin Anything" (AKA), we’ll discuss revocable trusts and their potential place in your overall wealth plan. While a revocable trust may not always be the best alternative, it can be beneficial in certain situations. Contact Williams Financial Services today at https://kqwilliamsfinancial.com/contactus/ to find out if a revocable trust is the right solution for your financial strategy.

Ask Kevin Anything: Estate Planning Solutions

When considering your estate plan, simply adding your child’s name to your home title can seem like an easy solution. If not handled appropriately, however, this kind of practice can carry expensive tax consequences. In this episode of Ask Kevin Anything (AKA), we’ll discuss alternative solutions to minimize your loved one’s burden and maximize your gift.

Ask Kevin Anything: 60-day IRA Rollover Caution

With the economic uncertainty resulting from the COVID-19 crisis, it’s not uncommon to find yourself in a difficult financial situation. A 60-day IRA rollover might seem like a tempting solution, but the unforeseen results can be disastrous. In this installment of AKA, Kevin explains the possible dangers to consider before depleting this important account.

Ask Kevin Anything: Tax Benefits to Working From Home

In this inaugural installment of Ask Kevin Anything (AKA), we discuss real tax strategies and solutions for those affected by the COVID-19 crisis. Join Kevin as he explains the consequences of the Tax Cut and Jobs Act and its effects on employees incurring work-from-home expenses.

Not only will your tax knowledge benefit from participation in AKA; you’ll also be helping a family in need. For each answered question, we will donate to a local food pantry or other charitable organization. Submit your question for a future segment at https://kqwilliamsfinancial.com/videos/#aka

COVID-19 Video Resources

Ask Kevin Anything: Tax Benefits to Working From Home

Minimize Your Covid-19 Tax Burden

Through a fiscal and monetary policy response to the Covid-19 pandemic, the federal government has added 4.5 trillion dollars to the national debt. This addition could potentially raise your personal tax liability by as much as $28,000! With 30 years of experience and a comprehensive view of the taxation landscape, Kevin Williams can help you navigate this new normal and keep more of what you make.

Navigating the “New Normal” Post COVID-19

Everyone likes to have a plan, but unexpected challenges, like the COVID-19 pandemic, call for flexibility and creative problem solving. With strong qualifications in the areas of finance and taxation, Williams Financial Services can help you navigate this new normal, protect your assets, and achieve wealth success.