“Your Partners in Tax & Retirement Planning”
With the 2018 tax return deadline looming, it is a perfect time for those age 60 or older to take advantage of a flat-rate $69 fee to have their income taxes prepared and filed with a company that is trusted for going the extra mile for its clients.
Rizzotto Tax Advisory Group extends their $69 flat-rate fee for federal returns (state returns are included if applicable) to Active & Retired Military, First Responders, Government Employees, & Educators of ANY age. If you don’t fit into anyone of those categories, no worries they have special pricing for you. All tax returns are prepared by one of the firm’s experienced Tax Preparers or IRS Enrolled Agents. The Rizzotto Tax Advisory Group is up to date on the changing tax environment and want to help you navigate through this tax season.
Rizzotto Tax Advisory Group has an experienced team of financial, tax, insurance, and legal professionals who help to educate their clients on important subjects including: managing asset risk, unnecessary taxes, diversifying portfolios, the importance of wills/trusts and planning for income during retirement. The firm is committed to providing exemplary service while displaying the highest standards of ethics and professional knowledge. They are approved members of the National Ethics Association and the National Association of Tax Professionals. Edward G. Rizzotto, Owner and President, is an Insurance Agent and Financial Representative who holds both a state-regulated license to offer insurance products and a securities license to offer specific investment products.
Meet the Rizzotto Team
Ed Rizzotto, Owner/President, moved to Florida 47 years ago from New York, grew up in Pinellas County and has been a Trinity resident since 2000. A graduate of Clearwater Central Catholic High School, he earned his Bachelor’s Degree in Business Management from National-Louis University in Evanston, IL. Ed also served both active and reserve duty for 13 years in the U.S. Coast Guard. He started his Insurance and Financial career over 20 years ago as an agent for Allstate Insurance. Then promoted to Agency Manager, he was responsible for overseeing 22 agencies in southwest Florida. In 1999, he joined a local retirement planning firm, where he helped hundreds of people with tax and retirement planning for over six years. Ed Rizzotto enjoyed the opportunity to benefit the community, and was determined to create a complete local business where he could help clients (both pre-retirees and current retirees) save money on their taxes, better manage their portfolios, plan for the future and focus more on enjoying their retirement years – and The Rizzotto Tax Advisory Group was established in 2006. Lorrie Rizzotto, Vice President of Operations,joined the firm in 2009. Prior to joining Ed in running their family business, Lorrie specialized in corporate incentive and meeting planning, and worked at Allstate’s Regional Florida office for 11 years before becoming an Independent Meeting Planner with HelmsBriscoe, where she achieved “President’s Club” status being Top 50 in the country. Married 30 years this November, Lorrie and Ed have two daughters attending the University of South Florida.
Ed and Lorrie have a great team at Rizzotto Tax Advisory Group. Dori Greeson, Administrative Assistant and Office Manager, gives everyone a warm reception, oversees the day to day office operations and the coordination of tax season. Alton Scott, Insurance Consultant, with more than 18 years of experience in the Banking, Insurance and Financial Services industry, has extensive knowledge in the areas of health insurance, Medicare supplements and Medicare. Scott holds a state-regulated Life and Health License and a Securities license to provide certain investment products,Nic Ranocchia, Licensed Life/Health/Annuity Agent, is a graduate of the University of South Florida, with a degree in Finance. He has over 5 years of customer service experience, as well as experience in the banking business. Ed and Nic will work as a team to offer insurance products to fit clients’ needs. He came on board two years ago to assist Ed and gain knowledge and experience to begin a career as an Insurance Professional & Financial Planner. Lauren Schafer, Marketing Coordinator, recently joined the team in September and will be overseeing their marketing functions. She is a graduate from the University of Florida with a degree in Marketing and a minor in Entrepreneurship and has over 3 years of experience in customer service. Their team of IRS enrolled agents and qualified tax preparers each have an average of over 20 years of experience in tax preparation and tax law and are ready to assist you with all of your tax preparation needs.
Reducing Tax Liability in Retirement
The first thing Ed and his team will want to look at is your past tax returns, explaining,“We’ve had people who had other advisors and financial planners who convinced them to make changes, not aware of the tax impacts. To me, the tax return is the most important document the client owns, that’s why it is the first thing we look at when the client meets us for their initial appointment. If there is an investment or change that could cause a taxable event, we know that up front.”
Ed and his team are very tuned in to their clients’ needs and concerns. “Saving on taxes, reducing or eliminating taxation on social security and protecting the financial wellbeing of a spouse after another’s death – those are things that my clients are concerned about,” explains Ed. “Today, people also want alternatives to the low interest rate environment provided by CDs and money market accounts.” He adds, “If clients are already collecting social security when they come to us, they want to know how they can reduce or eliminate taxesiii on not only social security income, but their overall taxes as well. A major concern today and what I believe will be a concern for years to come for pre-retirees and current retirees is how to obtain ‘Guaranteed Income for Life’ from your retirement and non-retirement plans. Unfortunately many employer sponsored plans and individual IRAs do not offer this benefit when you retire. We will show you how to put some things in place now that will enable you to set up lifetime income down the road. This is income you will never outlive, similar to a pension.We spend many hours with our clients to put sound plans in place by sharing ‘real time’ tax, income and social security analysis through sophisticated software. We want our clients to leave our office with a better understanding on what their income needs will be in retirement, and how to control, reduce or possibly eliminate taxesiii.”
Rizzotto Tax Advisory Group takes a team-oriented approach to tax, retirement and estate planning and Mr. Rizzotto welcomes discussions from clients’ estate planning attorneys. If you do not already have an attorney, Mr. Rizzotto often refers clients to a trusted elder law attorney, who frequently meets with clients to review Wills and Trusts. “They can help you make sure your plan is up to date and our staff will make sure your accounts and beneficiary designations coordinate with your estate plan.”
While taxes are a large part of The Rizzotto Tax Advisory Group, the majority of their clients also utilize the firm’s other services including investments, retirement planning, long term care, annuitiesiv, life insurance, wills and trusts and small business bookkeeping services. Ed says, “Clients like the opportunity we provide to get everything taken care of in one place.”
A word of advice, “You’re never too young to start saving for retirement,” says Rizzotto. “We have found that many people we meet who are still working have changed jobs about every five to seven years, and many of those people left their retirement plans at their old employers (i.e. 401k, 403b, 457 and TSP plans, etc). Many of these plans can be rolled over to individual IRAs or Roth IRAs, thus giving the client more control and the ability to have someone to advise them.”
The Rizzotto Tax Advisory Group is located in the community of Long Leaf in the Florida Design Consultants Center at 3030 Starkey Boulevard in Trinity. A second location is in Pinellas County at 1034 Belcher Road South in Largo. Call (727) 683-9119 or visit www.rizzottotax.com for more information or to schedule an appointment.
Representative of and securities offered through Brokers International Financial Services, LLC. Member SIPC. Brokers International Financial Services, LLC and Rizzotto Tax Advisory Group are not affiliated companies.