Elizabeth (Beth) Mary Bennett, CFP®
CHESAPEAKE FINANCIAL PLANNING & TAX SERVICES, LLC
“In times of uncertainty, and as the new year is upon us, it’s prudent to make sure your financial house is in order and you have your assets allocated correctly,” explains Certified Financial Planner™ and Certified Financial Fiduciary Beth Bennett.
“You want someone with experience to get you to the next level to grow your portfolio with quality investments,” she says. “I help clients navigate their finances with sensitivity, understanding and professional advice.”
Ms. Bennett invites clients to make an appointment to learn more at her new commercial office on 6751 N. Federal Highway, Suite 400 in Boca Raton.
Q: What does Chesapeake Financial Planning & Tax Services, LLC provide clients?
A: As Principal and CEO, I provide an overall holistic client experience including wealth management and preservation, insurance, tax planning, business succession planning and family wealth transitions. In other words, if you are in the middle of a life event I can help you navigate it.
Q: What are your thoughts on the potential for an increase in capital gains tax?
A: It will be important to work with one of our tax professionals to understand what the ramifications are when you sell after-tax investments, your family business, or other after-tax assets so that you are not blindsided by an increase in capital gains when, and if, these new laws come down. By selling any of the above, chances are you will be hit with capital gains tax.
Q: What is QCD and how does it work?
A: QCD is a Qualified Charitable Distribution. If you are at the required minimum distribution age and you are charitably inclined, it benefits you on your taxes to donate to your charity directly from your IRA, up to your required distribution amount.
561.210.7339
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker dealer, member FINRA/ SIPC. Advisory, insurance, and tax services offered through Bay Financial Planning and Tax Services, LLC DBA Chesapeake Financial Planning, a Registered Investment Adviser. Cambridge and Bay Financial Planning and Tax Services, LLC are not affiliated.
This sponsored content is from the February 2022 issue of Boca magazine. For more from this year’s Ask the Experts special section, click here.
