Plotkin Financial Advisors

Investment Advisory Service, Annuities & Retirement Insurance Plans, Financial Planners

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Today: 9:00 am - 5:00 pm

Tomorrow: 9:00 am - 5:00 pm

(301) 907-9790Call Visit WebsiteVisit Website Map & DirectionsDirections8401 Connecticut Ave Suite 400Chevy Chase, MD 20815 Write a ReviewWrite Review

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Hours

Regular Hours

Mon - Fri:	9:00 am - 5:00 pm

Places Near Chevy Chase with Investment Advisory Service

Bethesda (2 miles)
Silver Spring (4 miles)
Mc Lean (11 miles)
Washington (12 miles)
Potomac (12 miles)
Rockville (12 miles)
Hyattsville (12 miles)
College Park (12 miles)
Arlington (14 miles)
Falls Church (15 miles)

More Info

Email

Extra Phones

Fax: (301) 907-9793

TollFree: (866) 855-9102

Location

Chevy Chase Lake Bldg

AKA

Plotkin Financial Advisors LLC

Plotkin, Shim-Shon

Other Link

http://pfallc.com/contact-us

Categories

Investment Advisory Service, Annuities & Retirement Insurance Plans, Financial Planners, Financial Planning Consultants, Financial Services, Investment Management, Investments, Mutual Funds, Retirement Planning Services, Stock & Bond Brokers

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Details

Phone: (301) 907-9790

Address: 8401 Connecticut Ave Suite 400, Chevy Chase, MD 20815

Website: http://pfallc.com/contact-us

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Plotkin Financial Advisors

Tax Planning
Integrate a team of CPAs to prepare tax projections to anticipate retirement tax liabilities. Put simply, what your after-tax income will look like. Yes, we incorporate tax planning
Tax Services
With professional tax management services, you save valuable time and effort that would otherwise be spent understanding complex tax codes and filling out tedious forms.
Roth IRA
Once these first two criteria are met by reducing debt and saving for and emergency fund, you should contribute to your employer-sponsored retirement account and individual retirement accounts. Examples of a employer-sponsored retirement plans include: 401(k), 403(b), 457 and TSP’s. If you do not have the opportunity to contribute to an employer-sponsored retirement account or you have additional reserves, you may contribute to an Individual Retirement Account (IRA). There are two main types of IRAs, Roth and Traditional. Of these two Roth IRAs are subject to income phase-out and are made with after-tax contributions. Furthermore, Roth IRAs are not subject to required minimum distributions when you reach age 70.5, and distributions are tax-free after the age of 59.5. You may contribute to Traditional IRA’s pre-tax, but unlike Roth IRAs, they are taxable in retirement and RMD’s begin for these after age 70.5. That said, if you have funds available after contributing to your company’s retirement plan then you should make it a priority to contribute to you and your spouse IRAs. Limits for individual and spousal IRA contributions are $5,500 to each account or earned income, which is less. If you are over the age of 50, you are eligible to make a catch-up contribution of $1,000, increasing the contribution limit to $6,500.
Tax Deductions
If you are helping a loved one or family member save for college you can establish a 529 college savings plan. These plans allow you to contribute 5 times the current exclusion amount without incurring a gift tax liability, however you must wait at least 5 years after the gift before gifting any other funds to that beneficiary. For example, an individual may gift his or her grandchild’s 529 plan a lump sum amount of $70,000 without incurring a gift tax or a couple may jointly gift $140,000 without incurring a gift tax. In addition to these savings, individuals may also benefit from state income tax deductions for the respective state the 529 plan is established.
Income Tax
Plotkin Financial Advisors’ (PFA) Signature Services program offers complimentary and comprehensive income tax and estate planning services to eligible clients.

Investment Management
We also offer investment management and risk management services to help you grow and protect your business’s wealth. Whether you are just starting your business or are planning your exit strategy, we are here to help you achieve your financial goals.
Mutual Funds
Bonds
Wealth Management
We are in the business of making a profound difference in the lives of our clients through bringing financial clarity, optimizing portfolio income, building and preserving wealth, and delivering family office service. Our platform is predicated on objectivity and upholds a fiduciary duty to serve your best interests for long-term wealth management.

Accounting Services
Cash Flow Analysis
Finally, after determining your monthly expenses, you then can subtract your net monthly income from your monthly expenses to determine if you are cash flow positive or negative. If you are cash flow positive, you will need to determine if the excess funds meet your savings goals. However, if you are cash flow negative, you will need to reevaluate your spending. The outcome of cash flow analysis is it allows one to plan around a budget if his or her spending needs adjusting. Further, it allows individuals and families better plan how they invest their excess savings. This planning includes action items such as prioritizing contributions to retirement and investment accounts monthly or proactively paying down consumer and household debt. Regardless your situation, Plotkin Financial Advisors, LLC has been helping individuals and their families coordinate their cash flow. Please feel free to contact us today to learn more about how we can help you attain your financial goals.

Financial Planning
Plotkin Financial Advisors, LLC, is an independent investment advisory and financial planning firm registered with the Securities and Exchange Commission (SEC). Founded in 2003 by Shimshon Plotkin...
Retirement Planning
Tax professionals provide strategic advice tailored to your financial situation. This includes guidance on tax-efficient investment strategies, estate planning, retirement planning, and more.
Annuities
Having virtually an unlimited amount of options allows our financial advisors to create customized solutions for our clients. We can position these accounts for growth if a client is seeking capital appreciation or can implement an income-focused portfolio for a client at or near retirement. In addition to the investments offered above, we also have the ability to offer clients tax differed investments via variable or fixed annuities for clients seeking additional income choices. Also, PFA can customize portfolios for individuals and families that are still accumulating assets by establishing automatic deposit and dividend reinvestment programs. Conversely, we structure portfolio’s for retirees to receive money at the beginning of each month to meet their living expenses.
Long Term Care
Asset Management
Understanding the taxable concerns of each client is critical for income and asset management success. Our asset management recommendation are made such that potential tax liabilities are minimized.
College Funding
If you can fully maximize your retirement accounts and have sufficient reserves, you then may contribute to non-retirement accounts, education planning accounts, etc. The rationale for allocating your savings first to retirement accounts then to non-retirement accounts is that you give yourself an opportunity for tax-differed growth while maximizing your savings to accounts that you will need when you are no longer earning income. Furthermore, by eliminating debt and establishing an emergency fund, you will be prepared for an unexpected expense or job loss. For example, imagine if you had not established an emergency fund and unexpectedly had several repairs and medical expenses. Without the emergency fund, you would most likely need to sell your investments for these expenses, whereby most likely creating a tax liability or incur a loss by selling at an inopportune time. This is why the longer your money can stay invested the better it will perform long-term.

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