Narish Financial Service knows that retirees and those within ten years of retirement face many important decisions that can affect their long-term financial success. Knowledge is power. It is also the foundation for intelligent, well-considered decisions. So, when you have retirement within sight, sound decisions are vital to pursuing your goals and avoiding costly mistakes that can affect your future. That’s why we are committed to educating our clients, helping them build a solid foundation for retirement. Imagine the rewards that come with a sound financial plan built to ride out the storms and sail smoothly into the future.
Our solutions can include boutique money managers and alternative investments which you may not find in the cookie-cutter portfolios offered by many brand-name firms. We are also independently insurance licensed and have access to most insurance carriers. This allows us to select products from the highest rated companies that best serve our clients’ needs. It is our belief that maintaining both insurance and securities licenses is critical to offering a truly comprehensive retirement plan.
OUR FOUR-PHASE PROCESS
Once we understand your risk tolerance, time horizon and goals, we work diligently to develop a program that carefully balances investment strategies while protecting your hard-earned savings. We know you want security with your retirement portfolio, while achieving a reasonable rate of return. Our goal is to do so while managing risk so your principal is protected.
phase I: discovery
We begin this stage during our initial meeting where we get to know one another. We focus on what your specific needs are and what a fulfilling retirement will look like for you.
phase II: Strategy
We develop an effective, long-term investment strategy that is tailored to your unique needs. We then develop a comprehensive plan that outlines our recommended strategy for long-term success.
phase III: Implementation
The primary objective of this phase is to successfully implement your investment strategy. By means of constant communication and our highly skilled staff, we strive to make this process quick and easy for you.
phase IV: monitoring & adjusting
We meet with you and monitor your accounts on a regular basis to ensure they perform as intended. We are quick to make adjustments to address changes in your life, or shifting global markets that require a different investing approach.
HOW WE HELP
Bridging the gap from accumulation to income distribution
Like many Americans, Social Security will likely play an important role in providing you with income during retirement. Sound financial and retirement planning, though, can also ensure there is a bridge to any income gap you may encounter between retiring and claiming your Social Security benefits. Our financial advisors can help meet your needs with tax-advantaged retirement strategies which offer a hedge against market and inflation risk, provide for unexpected expenses like long-term care costs, and deliver growth options for your portfolio.
RETIREMENT PLANNING
As you prepare for retirement, you’ll want flexible options that provide tax-efficient income and keep your purchasing power ahead of inflation. The combination of qualified-retirement plans, Social Security, and personal savings and investments all play a role. Once we determine with you the estimated amount of money you may need for retirement, our advisors will develop a strategic retirement roadmap to ensure you have guaranteed income and your assets are protected from the risk of market loss.
RETIREMENT PLANNING
As you prepare for retirement, you’ll want flexible options that provide tax-efficient income and keep your purchasing power ahead of inflation. The combination of qualified-retirement plans, Social Security, and personal savings and investments all play a role. Once we determine with you the estimated amount of money you may need for retirement, our advisors will develop a strategic retirement roadmap to ensure you have guaranteed income and your assets are protected from the risk of market loss.
Investment PLANNING
Investing seems easy, right? Just buy low and sell high. Yet, most of us have trouble following that simple advice. Narish Financial can help with asset management strategies to avoid the pitfalls that snare some investors. A portfolio that minimizes volatility with a reasonable rate of return can provide a secure path through retirement.
Investment PLANNING
Investing seems easy, right? Just buy low and sell high. Yet, most of us have trouble following that simple advice. Narish Financial can help with asset management strategies to avoid the pitfalls that snare some investors. A portfolio that minimizes volatility with a reasonable rate of return can provide a secure path through retirement.
LIFE INSURANCE STRATEGIES
A sound life insurance strategy can play a key role in your retirement plan in transferring the financial risk from life’s unexpected events to a highly rated insurance company. Life insurance also provides your loved ones with a tax-free death benefit. Additionally, properly structured policies can provide living benefits, such as tax advantaged income, and long-term care protection. Our financial planners can review your current coverage and show you how life insurance can minimize taxes in retirement.
LIFE INSURANCE STRATEGIES
A sound life insurance strategy can play a key role in your retirement plan in transferring the financial risk from life’s unexpected events to a highly rated insurance company. Life insurance also provides your loved ones with a tax-free death benefit. Additionally, properly structured policies can provide living benefits, such as tax advantaged income, and long-term care protection. Our financial planners can review your current coverage and show you how life insurance can minimize taxes in retirement.
Estate PLANNING
Effective estate planning enables you to manage your affairs during your lifetime and control the distribution of your wealth after your death. An effective estate strategy can also spell out your healthcare wishes and ensure that they’re carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so. Whether minimizing the impact of taxes or ensuring your heirs receive what you have originally planned, we can help you execute the proper strategies.
Estate PLANNING
Effective estate planning enables you to manage your affairs during your lifetime and control the distribution of your wealth after your death. An effective estate strategy can also spell out your healthcare wishes and ensure that they’re carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so. Whether minimizing the impact of taxes or ensuring your heirs receive what you have originally planned, we can help you execute the proper strategies.
TAX PLANNING
Taxes are a part of all of our lives, but how much we pay is optional. With tax rates at historic lows, there’s a good possibility that taxes will rise, so what impact will it have on your finances – particularly if you have a majority of your assets in a 401(k) or IRA? Those tax-deferred gains will be subject to Required Minimum Distributions (RMDs) once you reach 70½. Some taxes can be deferred, and others can be managed through tax-efficient investing and Roth conversions. Now is the time to plan and work with us to create a financial and retirement strategy in which taxes don’t take a major bite out of your retirement savings down the road.
TAX PLANNING
Taxes are a part of all of our lives, but how much we pay is optional. With tax rates at historic lows, there’s a good possibility that taxes will rise, so what impact will it have on your finances – particularly if you have a majority of your assets in a 401(k) or IRA? Those tax-deferred gains will be subject to Required Minimum Distributions (RMDs) once you reach 70½. Some taxes can be deferred, and others can be managed through tax-efficient investing and Roth conversions. Now is the time to plan and work with us to create a financial and retirement strategy in which taxes don’t take a major bite out of your retirement savings down the road.
Long-term Care
Long-term care may not be the center of your retirement plan. Yet, without a way to pay these expenses, you and your family could have to spend down your assets. The good news is there are now options which offer flexible benefits that include LTC coverage, a death benefit and return of your premium under certain conditions.
Long-term Care
Long-term care may not be the center of your retirement plan. Yet, without a way to pay these expenses, you and your family could have to spend down your assets. The good news is there are now options which offer flexible benefits that include LTC coverage, a death benefit and return of your premium under certain conditions.
NEED HELP WITH FILING FOR SOCIAL SECURITY?
NARISH FINANCIAL CAN HELP MAXIMIZE YOUR BENEFIT
- Confused about what age to file your claim?
- Want to get the most out of your benefit?
- Need help with spousal benefits?
- Want to know more about earnings restrictions?
- Have you thought about how your benefit may affect your income taxes?
There are many ways to file for Social Security benefits, yet only a few options will likely make sense in your situation. We can help!
And if you want to find out more about your options, attend one of our Social Security and Tax Planning events in your area.
NEED HELP WITH FILING FOR SOCIAL SECURITY?
NARISH FINANCIAL CAN HELP MAXIMIZE YOUR BENEFIT
- Confused about what age to file your claim?
- Want to get the most out of your benefit?
- Need help with spousal benefits?
- Want to know more about earnings restrictions?
- Have you thought about how your benefit may affect your income taxes?
There are many ways to file for Social Security benefits, yet only a few options will likely make sense in your situation. We can help!
And if you want to find out more about your options, attend one of our Social Security and Tax Planning events in your area.
MEET OUR TEAM
As a highly regarded financial professional, Dave understands that retirees face many important decisions that can affect their long-term financial success. Some of these decisions revolve around making investments that will help create a hedge against outliving their income, the impact of inflation, taxation, and rising healthcare costs. Because over ninety percent of Narish Financial Services’ clients are retirees with similar concerns, Dave is in an advantageous position to approach such challenges with experience and skill.
Dave’s mission is to bring Intelligence, Integrity, and truly Individualized value-added investment management and advice to affluence investors putting the clients first, and to disregard the agendas of Wall Street and the giant firms that dominate the industry.
“My team at Narish Financial helps allocate, manage, and monitor client’s assets unlike the typical advisor’s ‘one size fits all’ management approach. Our investment goals are to consistently achieve reasonable returns on investments over time, based on an investment policy statement and plan specifically created for the individual client,” Dave says.
The investment policy statement considers the lifestyle, goals, risk tolerance, time horizon, and successors of the investor. “We prefer consistent and reasonable to sporadic and extreme,” he says. “To achieve that goal our portfolios can include traditional (asset allocated), and tactically managed accounts, as well as alternative investments and insurance products.”
Dave attended the University of Hawaii and Northeastern University (Boston, MA). He has been insurance licensed since 1984, and securities licensed (series 7 and 66) since 1998. He earned his CLU (Chartered Life Underwriter), and ChFC (Chartered Financial Consultant) designations at the American College (Bryn Mawr, PA) in 2001 and 2003 respectively. His career began with Farmers Insurance Group in 1984. Dave left Farmers to focus on investments and retirement planning. Currently he is an Investment Advisor Representative and Registered Representative. He resides in Frankfort, IL. with his wife Barbara, and has two daughters, Kelsey and Kristen.
Kelsey earned a Bachelor’s degree in economics at Valparaiso University and has a Master’s degree from the University of Illinois at Urbana-Champaign. She is licensed in Life and Health Insurance and is an Investment Advisor Representative through Arete Wealth Advisors. She obtained her CERTIFIED FINANCIAL PLANNER™ designation in 2023. Kelsey is excited to be involved in the financial industry and looking forward to helping clients meet their financial objectives.
EVENTS
Whether it’s keeping up with trends or discussing some other topic, our firm is dedicated to providing sound information to people who want to find out more about their personal finances and planning for retirement. Along the way, we like to have some fun, too. If you are interested in any of our upcoming events, please call our office and we’ll be happy to add you to our guest list. You can also register online.
CONTACT US
narish financial service
10335 W Lincoln Hwy
Frankfort, IL 60423
Office: (708) 775-6606
Fax: (708) 427-0490
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