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How We Help

At McKay Wealth Management, we are passionate about promoting an atmosphere of transparency, inclusion, and diversity. It is important to us to find opportunities for client education as often as possible. We work with you to discover your needs and desires. Using a strategic and holistic approach, we create a plan to help you retire confidently. Even if you are not yet close to retirement age, we will help ensure that you are prepared with a proactive approach to life and retirement planning. Wealth accumulation is a journey, and we are here with you every step of the way. Work with our team of financial professionals to help take your journey to new heights.

Money & Asset Movement

Money & Asset Movement

Money & asset movement, also known as a transfer, is the process of moving assets, funds, or ownership rights from one account to another. When life shows up, and it does every day, sometimes it is necessary to transfer or move assets and money from one account to another or to change ownership of an asset or account. As unexpected circumstances arise we are here to help navigate and assist. We are with you every step of the way, guiding you through various situations in which money & asset movement is necessary.

Divorce

Divorce

How will divorce affect me financially? There are numerous financial implications during and after a divorce. Just the act of divorcing creates a financial burden. There will be some kind of division of assets, possessions, money, and debt involved in the process.  In order to maintain the same standard of living after the divorce, you will need a team of financial advisors on your side who understand what you’re going through and will guide you through it with more ease and comfort, giving you the ability/knowledge to take appropriate steps towards financial confidence. 

Death

Death

Dying is part of the cycle of life. Not a single one of us will get out of here alive. However, it can be a costly financial burden. Our team of financial professionals are with you every step of the way during these difficult times. It is important to have a professional to assist you in preparing in advance when possible and to help make difficult decisions when the inevitable happens. It is important to remember that you should not make decisions based on emotions.

Inheritance

Inheritance

The tax implications of receiving an inheritance can be confusing and even stressful. Depending on the kind of inheritance, whether money, property, or otherwise, there can be different tax situations you may find yourself in. Based on where you live, your tax situation can change as well. It is imperative that you have a professional on your side to guide you through it all. *There are generally three kinds of taxes which will affect your inheritance: inheritance tax, capital gains tax, and estate tax. If you’re wondering how to navigate receiving an inheritance, we can help make smart decisions, decipher tax implications, and make the most out of your inheritance for you.

Marriage

Marriage

Marriage will affect your finances in some way. You may find yourself navigating financial advantages as well as disadvantages of being married. Marriage can change tax implications and alter your health care plan. Of course, there is a possibility that a couple can end up saving money as a direct result of being married. However, in some cases marriage can put a couple in a higher tax bracket. There are numerous situations to navigate financially after becoming married. As your financial advocate, we help you maximize the financial benefits of being married and minimize the potential disadvantages.

Selling or Buying a Business

Selling or Buying a Business

When considering selling or buying a business, there are many financial implications to consider, taxes being one of the most significant. There are many strategies we can help you implement when selling or buying a business. * When selling a business, some of the tax implications include income tax, capital gains tax, and long-term capital gains. It is important to consider asset allocation as a viable option to potentially save on taxation, however, this is not always up to the seller. Buying a business of any size comes with its own tax implications as well. From employment tax to state sales tax, tax liabilities can last for years after the purchase. Before signing the purchase agreement, it is important to get a professional involved.

Major Purchases

Major Purchases

Before making any major purchase, our team of financial professionals can help you plan ahead for any unforeseen risks in making the purchase and ensuring that you understand the tax implications, etc. Whether buying a home, purchasing a vehicle, buying a new “big toy” like a boat, purchasing a recreational vehicle, or even planning significant remodeling to your home; we are here to alleviate unnecessary stress and create a holistic financial plan tailored to your unique lifestyle.

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.


*Neither Cetera Advisor Networks nor its representatives offer tax or legal advice. Please consult with your tax and legal advisors regarding your individual situation.