Home
Company
Wellness
University
Services
Partners
Contact Us
    
 
 
 
 

Financial Planning

At present, the median reported value of all household retirement savings is only $40,000, and many have no retirement account at all*. ItzHair believes this statistic may be higher for professionals in the beauty industry because many do not have access to a ‘corporate 401(k) plan’.

ItzHair Wellness is committed to decreasing this statistic. We have formed a partnership with one of the world’s largest mutual fund companies to achieve this. We have access to plans that are suited for all facets of the beauty industry.

This was further defined by bringing A. W. Smith Financial Group, Inc. on board to provide full range financial planning to the industry professional. Through this alliance, we have developed a team of financial advisors dedicated to ItzHair’s Community members. The Team will work with the industry professional to articulate the financial goals that are most important to them and help set a path for achieving those objectives, at the same time seeking to protect and preserve the wealth they have accumulated.

* This information is from the Merrill Lynch Preparedness Survey
** For a glossary of Financial Terms, please click here.

You must be an ItzHair community member to enjoy the benefits these plans have to offer. To become a member, click here.

 


Types of Services  
Types of Retirement Plans
 

Individual Plans

  • Solo 401(k)
  • Simplified Employee Pension (SEP) Plan
  • Simple IRA
  • Roth IRA
  • Traditional IRA

Group Plan

  • 401(k)
  • Simplified Employee Pension (SEP) Plan
  • Simple IRA
 
Cash Management

Effective cash management is really just getting a realistic view of how much of your money is available to spend. Without adequate information, you could get yourself into trouble. Be careful when you use tomorrow’s dollars to pay for today’s needs.
 
Risk Management
You can’t plan responsibly for the future without making sure you’re prepared for most contingencies. By purchasing adequate insurance, you can safeguard your finances against most eventualities.
 
Educational Planning
Defer taxes, not your child’s college education. It’s never too early to plan for your child’s education. His future is in your hands.
 
Asset Allocation
Is your asset mix properly aligned with your goals? Choosing the right mix of investments can be crucial.
 
Estate Planning
Will you leave a legacy or bills? You’ve worked hard for your money all your life. If you want your heirs to benefit from all that hard work, it’s important to think now about what will happen to your money after you’re gone.
 
Retirement Planning
For most of us, retirement is a fact of life, whether it comes 5 or 25 years from now. Start early to plan and save for the kind of retirement you want.