Resilient Support Services (RSS)

Resilient Support Services Charity Golf Outing! As a Service-Disabled Veteran-Owned Business ourselves, supporting fellow veterans is a cause near and dear to our heart.?Please join us for a full day of golf and fun in support of the Veterans & Community Housing Coalition. ? 100% of the net proceeds raised will benefit the Veterans & Community Housing Coalition's "Foreverly House" initiative.?We hope you will join us to support this very special project to help homeless single veteran moms and their children while they transition from military to civilian life. Help us honor and support these brave women with your consideration and support to improve the living situations of these veterans and their children. ? Every mother needs to know her children have a safe place to call home. When: Monday, August 19th, 2024 8:00 AM - Registration Opens 10:00 AM - Shotgun Start 5:00 PM - Cocktail Reception 5:30 PM - Dinner 6:00 PM - Awards & Auction Where: Van Patten Golf Club 924 Main Street Clifton Park, NY 12065 Register with the link below or scan the QR code! https://lnkd.in/exFbsq7f

Happy Independence Day On July 4, 1776, the Continental Congress approved the final wording of the Declaration of Independence, thus affirming the independence of the United States from Great Britain.?On this Fourth of July, we Americans will gather with friends and family as we celebrate the signing of this historic document.?Throughout all of our celebrations, we will be reminded of the gift of our freedom as a nation. Everyone at Resilient Support Services wishes you a happy, safe and memorable day of celebration!

Save the date! Resilient Support Services Charity Golf Outing!

As we notice Memorial Day 2024, Resilient Support Services honors the fallen soldiers who boldly served our country. May we recall with appreciation and lowliness, standing joined in our obligation to maintain the beliefs for which they battled and passed on. We wish you and your friends and family a significant and safe Memorial Day weekend!

AWARD ANNOUNCEMENT! ON MAY 8TH, 2024 NEW YORK POWER AUTHORITY/CANAL CORP RECOGNIZED RESILIENT SUPPORT SERVICES INC.(SDVOB) AS THEIR 2024 DIVERSITY CHAMPION OF EXCELLENCE AWARD! Learn more here! https://lnkd.in/eJiCptJP #RSS #NYPA #CANALCORP #AWARD #EXCELLENCEAWARD

How Financial Advisors & CPAs Work Together When it comes to managing your finances & achieving your long-term financial goals, having the right team in your corner can make all the difference. While a certified public accountant is an invaluable resource for tax preparation & compliance, partnering with a financial advisor can take your financial planning to the next level. By working together, these two professionals can provide a comprehensive approach that maximizes your wealth potential. At the core of this partnership is the collaborative development of a cohesive financial plan. Financial advisors specialize in crafting personalized strategies that encompass investment management, retirement planning, estate planning, & risk management. However, their expertise is amplified when they collaborate with a CPA, who brings a deep understanding of tax laws and regulations. Together, the advisor & CPA can ensure that your financial plan is not only tailored to your goals but also tax-efficient. This collaborative approach allows for the identification of potential tax-saving opportunities and the implementation of strategies that minimize your tax burden without compromising your long-term objectives. Investment management is a critical component of any financial plan. Financial advisors excel in creating/managing portfolios that align with your risk tolerance, time horizon, & investment objectives. By working closely with a CPA, advisors can ensure that your investment strategy is tax-efficient, taking into account factors such as capital gains, dividend income, & taxloss harvesting opportunities. Retirement Planning & Account Management Retirement planning is a complex process that requires careful consideration of various factors, including income needs, account distributions, & tax implications. Financial advisors play a pivotal role in developing retirement strategies that ensure you have sufficient resources for your golden years. Financial advisors often collaborate with CPAs & estate attorneys to develop comprehensive estate plans that minimize taxes & protect your hard-earned wealth. The CPA's expertise in tax laws and regulations can inform the estate planning process, identifying potential tax-saving opportunities & ensuring that your wishes are carried out in a tax-efficient manner. Finally, both financial advisors & CPAs play a crucial role in educating clients about financial literacy, tax laws, and the importance of sound financial decision-making. By combining their respective areas of expertise, they can provide a comprehensive understanding of financial and tax-related matters. In conclusion, the partnership between a financial advisor & a CPA creates a powerful synergy that can unlock your path to financial success. By leveraging their combined expertise, you can benefit from a comprehensive, tax-efficient financial plan that maximizes your wealth potential & ensures your long-term financial well-being. Dominic Scialdone

The Versatile Roles of Life Insurance When most people think of life insurance, they immediately envision the death benefit - the lump sum payment that helps provide financial security for loved ones in the event of the policyholder's passing. While this is certainly a core function, life insurance is a remarkably versatile financial tool that can serve many important purposes beyond just income replacement. One of the primary uses of life insurance is debt repayment. By structuring a policy with a death benefit large enough to cover outstanding obligations like a mortgage, auto loan, or business debt, the policyholder can ensure these liabilities don't fall onto surviving family members. This can provide valuable peace of mind, especially for young families with significant borrowings. Life insurance can even be used to fund final expenses like funeral costs. Life insurance also plays a crucial role in estate planning. Permanent policies like whole life or universal life build up cash value over time on a tax-deferred basis. This accumulated wealth can be utilized in a variety of estate planning strategies, such as funding trusts, minimizing estate taxes, or leaving a lasting legacy for future generations or charitable causes. The income-tax-free death benefit can also be leveraged to create an inheritance or wealth transfer plan. For business owners, life insurance is essential for ensuring the ongoing viability of the company following the unexpected loss of a key employee or business partner. By providing the funds needed to buy out a deceased owner's share, recruit and train a replacement, or simply keep operations running during a difficult transition, a properly structured life insurance policy can be the difference between a business surviving or failing. Another innovative use of life insurance is as a wealth-building tool. While not the primary intent, the cash value accumulation in whole life and indexed universal life policies can serve as a supplementary vehicle for tax-advantaged savings and investment. Policyholders can access these funds through loans or withdrawals if needed, making life insurance a versatile component of a comprehensive financial plan. Finally, life insurance can be leveraged for charitable giving. By naming a nonprofit organization as the beneficiary of a life insurance policy, donors can make a much larger gift than they otherwise could have during their lifetime. This allows individuals to maximize the impact of their philanthropic contributions and create a lasting legacy. Clearly, life insurance is a remarkably flexible financial instrument that can serve a wide array of purposes. Whether your goal is income replacement, debt management, estate planning, business continuity, wealth accumulation, or charitable giving, life insurance deserves serious consideration as part of your overall financial strategy. Provided by?Dominic Scialdone?- Northwestern Mutual #life #insurance #tips #advice

How a Financial Advisor Can Help You Start or Improve Your Investing Defining Your Investment Goals and Risk Tolerance? The first step an advisor takes is gaining a thorough understanding of your specific investment goals, time horizons, and risk tolerance. Through in-depth discussions and risk profiling assessments, they determine the appropriate investment objectives, returns needed, and appetite for volatility. This upfront work aligns your personal circumstances with a suitable investment strategy. Developing a Customized Investment Plan Based on your goals and risk parameters, the advisor will then create a comprehensive, customized investment plan and policy statement. This acts as the blueprint tailored specifically for you. It outlines the policy's objectives, asset allocation strategy, investment selection criteria, rebalancing plans, benchmarks, and underlying assumptions. Having this formal documented plan is crucial for staying on track. Asset Allocation and Portfolio Construction? A major part of the advisor's role is optimizing the asset allocation of your investment portfolio across different asset classes like stocks, bonds, real estate, commodities etc. Using sophisticated tools, they model projected risk/return scenarios of different asset mixes to determine the right blend to potentially maximize returns given your risk tolerance. They then professionally construct the portfolio, selecting specific investment products and setting ownership weights to align with the policy's asset allocation targets. Tax-Efficient Investment Management Throughout the investment process, advisors implement a range of tax optimization strategies to improve after-tax returns. This includes selectively locating asset classes in tax-advantaged or taxable accounts, executing tax-loss harvesting techniques, deferring capital gains, and evaluating Roth IRA conversions, among other strategies. Their guidance aims to minimize your tax burden from investing. Ongoing Portfolio Monitoring and Rebalancing Once your investment portfolio is constructed, the advisor's work is not finished. They consistently monitor performance, market conditions, investment products, and your personal situation. Portfolios are rebalanced by adjusting asset weights when they drift from targets due to market fluctuations. This helps maintain your intended risk profile and alignment with the investment plan's parameters. Perhaps most importantly, advisors serve as coaches and behavioral guides throughout the investing process. The greatest value advisors provide is creating a unified, customized investment strategy aligned with your specific goals, risk tolerance, tax situation and timeframes. Their analytical capabilities, behavioral coaching, and professional guidance can profoundly improve investment outcomes. Provided by?Dominic Scialdone?- Northwestern Mutual #financial #advisors #advice #investing

Debt Managment: Being weighed down by excessive debt can feel like an overwhelming burden that impacts all areas of your financial life. From high-interest credit cards to student loans, mortgages, and other liabilities, unmanageable debt creates constraints and stress. This is where enlisting the expertise of a qualified financial advisor can provide invaluable guidance to effectively get your debt under control. Comprehensive Debt Analysis The first step is gaining full clarity around your entire debt situation. An advisor will analyze all your outstanding liabilities - amounts owed, interest rates, minimum payments, terms and conditions. They'll look at this debt burden relative to your income, expenses, assets and overall financial circumstances to assess just how significant the debt load is for your particular situation. Customized Debt Relief Strategy?? Based on this analysis, the advisor will then develop a customized, prioritized strategy to systematically restructure and pay down your debt as efficiently as possible. This may include debt consolidation recommendations, negotiating with creditors for reduced interest rates or settlement, balance transfer options, or even bankruptcy protection in some cases. The goal is a formal plan with a realistic timeline to become debt-free. Cash Flow Management A key part of the debt strategy is gaining control over cash flow through budgeting, expense reductions, and strategic payment allocations. The advisor will help adjust your spending habits and set up systems to ensure debt payments are made consistently. Boosting income through side gigs can also accelerate debt paydown. Credit Restoration Guidance For those struggling with damaged credit scores due to past missed payments or defaults, advisors provide guidance around validating debt, corresponding with credit bureaus, and legally maximizing credit repair over time as debts are repaid. Account & Liability Restructuring?? The advisor may also recommend consolidating multiple high-interest debts into a single payment through tactics like debt consolidation loans or balance transfer credit cards to simplify logistics. However, these are done cautiously to avoid increasing the overall debt load. Ongoing Accountability & Adjustment The most crucial role of the advisor throughout the debt management process is providing reinforcement, accountability and adjustment to the plan. They check in frequently to track progress, celebrate small wins, curtail "debt relapse" behaviors and adapt the strategy as circumstances change over time. The core value a financial advisor provides is replacing uncertainty and hopelessness around debt with a clear, executable plan tailored for your unique financial realities. Their expertise reins in control, negotiates relief, optimizes paydown and provides the coaching to remain disciplined until you are free from the burden of unmanageable debt. Provided by?Dominic Scialdone?- Northwestern Mutual