Cowtown Financial Planning specializes in creating comprehensive financial plans that address clients' goals, emotions, and financial histories. The firm focuses on wealth management, retirement solutions, and personalized strategies, collaborating with a professional network for specialized components like tax and estate planning.
Personalized financial strategies
Focus on emotional relationship with money
Community involvement
Services
Budgeting
Helps clients manage their day-to-day finances and align spending with their goals.
Retirement
Develops personalized retirement strategies to ensure financial security in later years.
Risk Management
Assesses and mitigates financial risks through insurance and protective strategies.
Long-Term Investment Plan
Creates a customized investment strategy aligned with long-term financial goals.
Tax Reduction Strategies
Optimizes tax efficiency through strategic planning and utilization of tax-advantaged vehicles.
Estate Plan
Designs comprehensive estate plans to protect assets and ensure wishes are carried out.
Credentials & Certifications
Texas A&M University - Bachelor of Science
Member of Near Southside, Inc. Board
Past-President of Tarrant County A&MI Club
Board Member of Fort Worth Stock Show & Rodeo
Board Member of Junior Achievement of the Chisholm Trail
CPA
Frequently Asked Questions
What is the difference between a Roth 401(k) and a Traditional 401(k)? +
A Roth 401(k) allows contributions to be made with after-tax dollars, providing tax-free withdrawals in retirement, while a Traditional 401(k) offers tax-deferred contributions and taxable withdrawals in retirement.
How does inflation affect my retirement income? +
Inflation reduces the purchasing power of your retirement income over time, meaning you'll need a higher nominal income to maintain the same standard of living.
What is a 1031 Exchange? +
A 1031 Exchange allows investors to defer capital gains taxes on the sale of an investment property by reinvesting the proceeds in a like-kind property.
What are the top retirement traps to avoid? +
Common retirement traps include outliving savings, failing to account for inflation, and neglecting tax efficiency. Planning for these can help ensure a more secure retirement.
How can I estimate my Required Minimum Distribution (RMD) for retirement accounts? +
Use the RMD calculator provided on the Cowtown Financial website, inputting your account balance and age to estimate the required distribution amount.
What is the SECURE Act 2.0 and how does it impact retirement planning? +
SECURE Act 2.0 introduces several changes to retirement planning, including extended RMD age to 73, increased catch-up contributions, and enhanced charitable giving options.
