Independence Investment Advisory Services

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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

30 Years

in Business

(734) 421-7799Visit WebsiteMap & Directions15431 Middlebelt RdLivonia, MI 48154 Write a Review

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Hours

Regular Hours

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

Places Near Livonia with Investment Advisory Service

Redford (3 miles)
Farmington (8 miles)
Garden City (8 miles)
Dearborn Heights (9 miles)
Westland (10 miles)
Plymouth (12 miles)
Southfield (12 miles)
Northville (13 miles)
Oak Park (14 miles)
Novi (15 miles)

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Independence Investment Advisory Services, Inc.

Other Links

http://www.iias.us

https://www.iias.us/contact

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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: (734) 421-7799

Address: 15431 Middlebelt Rd, Livonia, MI 48154

Website: http://www.iias.us

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Independence Investment Advisory Services

Tax Planning
Estate Taxes
Roth IRA
A qualified retirement plan in which earnings grow tax deferred and distributions are tax free. Contributions to a Roth IRA are generally not deductible for tax purposes, and there are income and contribution limits. Roth IRA contributions cannot be made by taxpayers with high incomes. To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a five-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawal also can be taken under certain other circumstances, such as after the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals.
Real Estate Taxes
Tax Deductions
An amount that can be subtracted from a taxpayer’s income before taxes are calculated. Taxpayers may use the standard deduction or may itemize deductions if allowable itemized deductions exceed the standard deduction.
Income Tax
A loan taken from the assets within a 401(k) account; 401(k) loans charge interest and are normally paid back through payroll deductions. If the borrower leaves an employer before a 401(k) loan has been repaid, the full amount of the loan is generally due. If the borrower fails to repay the loan, it is considered a distribution, and ordinary income taxes may be due along with any applicable tax penalties. Note: under the Tax Cuts and Jobs Act, you don’t have to pay taxes or the penalty if you repay the loan by the due date of your tax return for the year that you leave your job (including extensions). For example, if you leave your job in 2020, you’d have until April 15, 2021, to repay the loan.
Capital Gains Taxes

Investment Management
Kelvin's professional practice focuses on personal financial planning with an emphasis on investment management and retirement planning for his clientele of successful individuals who want to increase their net worth and provide for themselves and their families. His work philosophy comes from his love of music and the realization that one must be committed to excellence to consistently produce positive results.
Mutual Funds
A mutual fund offered by an investment company that specifically pursues substantial capital gains. Mutual fund balances are subject to fluctuation in value and market risk. Shares, when redeemed, may be worth more or less than their original cost. Mutual funds are sold only by prospectus. Individuals are encouraged to consider the charges, risks, expenses, and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional. Read it carefully before you invest or send money.
Bonds
Wealth Management
Money Market Funds
Assets that are most easily converted into cash and which have a very low risk of price fluctuation. For example, money market funds may be considered a cash alternative. Money held in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market funds seek to preserve the value of your investment at $1.00 a share. However, it is possible to lose money by investing in a money market fund.

Accounting Services
Cash Flow Analysis

Financial Planning
Independence Investment Associates & Services, Inc. (IIAS) provides personal financial planning, as well as investment advisory services for its clients. Each financial plan is created based on the individual needs and objectives of our clients. Financial plans are a way for our clients to better understand and visualize the impact of their financial options, so they can make better and more informed decisions regarding their financial future. Since life hardly goes as planned, financial planning is truly an on-going process and not a one-time event. We look to develop long-term relationships with our clients and advise them throughout their financial lifetime. Our experience enables us to blend the science of financial planning with the art of financial planning. A financial plan that incorporates the most up-to-date strategies that a client will feel comfortable with and follow.
Retirement Planning
A one-time payment of the entire amount held in an employer-sponsored retirement, pension plan, annuity, or similar account, rather than breaking payments into smaller installments.
Annuities
A contract with an insurance company that guarantees current or future payments in exchange for a premium or series of premiums. The interest earned on an annuity contract is not taxable until the funds are paid out or withdrawn. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, penalties may apply. The guarantees of an annuity contract depend on the issuing company’s claims-paying ability. Annuities have fees and charges associated with the contract, and a surrender charge also may apply if the contract owner elects to give up the annuity before certain time-period conditions are satisfied.
Long Term Care
Eligible Individual – For HSA purposes, the law defines an eligible individual as one who is covered by a “high deductible plan” and, while covered by that plan, is not also covered by another plan that does not have a high deductible. For purposes of determining if a plan does or does not have a high deductible, the law allows certain types of coverage, such as workers’ compensation, insurance for a specific condition, dental care, vision, long-term care and certain others, to be disregarded.
Asset Management
A method of allocating funds to pursue the highest potential return at a specific level of risk. Asset allocation normally uses sophisticated mathematical analysis of the historical performance of asset classes to attempt to project future risk and return. Asset allocation is an approach to help manage investment risk. It does not guarantee against investment loss.
Living Trusts
A trust is a legal arrangement that creates a separate entity which can own property and is managed for the benefit of a beneficiary. A living trust is created while its grantor is still alive. A testamentary trust is created upon the grantor’s death—usually by another trust or by a will. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.
Charitable Remainder Trusts
A trust established for the benefit of a charitable organization under which the grantor can designate an income beneficiary to receive payment of a specified amount—at least annually—from the trust. The grantor may also be the income beneficiary. On the death of the grantor, remainder interest in the trust passes to the charitable organization. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.
Gifting Strategies
Some people may want a more advanced gifting strategy that can maximize their gift and generate potential tax benefits.
Charitable Lead Trusts
A trust established for the benefit of a charitable organization under which the charitable organization receives payment of a specified amount (at least annually) from the trust. On the death of the grantor, remainder interest in the trust passes to his or her heirs. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.
College Funding
Higher education costs can be daunting. Our advisors have been well-schooled in preparing for one of life's largest investments.

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