Clients of VetWorth also have access to tax preparation services available through XY Tax Solutions, a nationwide virtual CPA firm which partners only with independent financial planning firms. This service is optional and charged separately from VetWorth.
Pricing Examples:
Example 1:
Julie completed her residency last year and is currently employed as an internal medicine specialist making $175,000/year. Julie still has high student debt and a net worth below $100,000. Julie is primarily looking for guidance on student loan repayment, allocating savings, properly insuring her income and assets, and establishing a strong financial foundation. Julie's fee would most likely be our firm minimum of $3,000/year ($250/month).
Example 2:
Mark and Katie are married with 2 kids. Mark is a consultant and Katie is an emergency vet making a combined $325,000. They have saved well, reduced debt, and accumulated a net worth of $750,000. They are primarily looking for guidance with college planning, preparing for retirement, investment management, and tax reduction strategies. Their annual fee would be around $6,900 ($575/month).
Example 3:
Ryan is a self-employed contractor and Anna is a self-employed relief vet. They have combined income of $225,000 and a net worth of $400,000. As they are self-employed, their primary needs consist of solidifying cash reserves, navigating life/health/disability insurance needs, establishing retirement plans, and calculating/paying estimated taxes. They may also need assistance with business valuations and filing multiple state tax returns. Based on increased complexity, their annual fee would be around $5,250/year ($354/month).
Ongoing Financial Planning covers each of the following topics, with a separate meeting devoted to each during the onboarding year:
- Cash Flow Optimization, including a student loan analysis with a CERTIFIED Student Loan Professional™.
- Savings strategy, including opening and funding retirement plans for self-employed relief vets (SEP, SIMPLE, Solo 401k)
- Complete Tax Planning Review including income tax and estimated payments projections
- Proactive Estate Planning
- College Planning Analysis
- Insurance Review (personal & business)
- Investment Strategy & Portfolio Analysis
- Goals Visualization
Following the onboarding year, our ongoing planning relationship will consist of a minimum of 3 meetings to address timely areas of concern and proactively plan ahead.
With our open door policy, you can feel comfortable reaching out with any questions you have about your money. We’re here to help!
VetWorth works with clients on a fixed-fee basis, providing straightforward and transparent fees that are paid monthly or quarterly.
Net Worth < $1,000,000
Individuals: $750 Upfront, $275/month
Couples: $950 Upfront, $325/month
Net Worth > $1,000,000
Individuals: $750 Upfront, $375/month
Couples: $950 Upfront, $425/month
**Additional complexities such as multiple business interests/ownership, rental properties, multiple real estate holdings, significant taxable holdings among others may result in a higher annual fee. Fees will always be agreed upon before entering into a relationship with VetWorth