Financial and Tax Strategies for Independent Professionals

Most professionals go into private practice to fulfill a lifelong dream.  What they often don’t realize is that they’re also becoming business owners.  If you’re a professional in business for yourself, such as a consultant, dentist, therapist, or perhaps a musician, Baehr Family Financial can work with you to structure the finances of your practice through proactive financial and tax planning to keep more of what you earn. 

Divorce Financial Planning

Erin holds the Certified Divorce Financial Analyst designation, or CDFA™.  If you are faced with the difficulty of divorce, as a CDFA™ Erin can help you have a clearer view of your financial future and avoid long term financial pitfalls.  Working with your attorney, a CDFA™ can forecast the long-term effects of the divorce settlement. This includes details of all tax liabilities and benefits. Developing a long-term forecast for their financial situation is far better than a short-term snapshot. Financial decisions must be made that not only take care of immediate family needs, but retirement needs as well.

Erin can help you think through what the divorce will really cost in the long run and develop a realistic monthly budget during the financial analysis process. Expenses such as life insurance, health insurance and cost of living increases must be taken into consideration when agreeing on a final financial settlement.
Financial divorce analysis helps to ensure a good, stable economic future and prevent long-term regret with financial decisions made during the divorce process.
For more information, visit www.institudedfa.com.

College Planning

College is Expensive; We Can Help.
The rising cost of college and the virtual necessity of a degree in today's job market, combined with the short time horizon between putting kids through school and retirement, keeps many a parent up at night.

With proper planning, your children's college education does not have to be the ruin of your retirement.

Beyond saving for college, there are ways to save ON college, through a three part process:  Academic Positioning, Financial Positioning, and Tax and Cash Flow Strategies. 

These strategies can help you:

•    Deduct a portion of your tuition with a small- or home-based business
•    Use "tax scholarships" to help pay the tuition
•    Use taxable scholarships to your benefit
•    Develop an exit strategy for your 529 Plan
•    Compare aid award letters and make an informed decision on school choice

Very few financial advisors specialize in college affordability issues. We are dedicated to researching and compiling every possible tax, financial, academic and admissions strategy available, in order to provide affordability solutions for students seeking entry into higher education.  Erin has a vested interest in this too, with several of her children currently enrolled in college—at East Stroudsburg University, Syracuse University, Northampton Community College, and Fairleigh Dickinson University.