Does your financial plan include tax-saving strategies?

Learn how we help you develop a comprehensive, long-term financial plan that implements a customized tax-saving strategy that fits your unique situation.

Does your financial plan include tax-saving strategies?

Learn how we help you develop a comprehensive, long-term financial plan that implements a customized tax-saving strategy that fits your unique situation.

Team Partnership

Our dedicated service teams offer you the most personalized and consistent attention and remain committed to you and your financial future.

Expert Guidance

With more than 60 years of combined experience and annual continuing education requirements, our team is always striving for excellence while remaining true to our core values.

Fee Transparency

All fees are transparent and factored into the plan as a whole on a tier basis vs. net weighted average. Ask how our system can help save you money.

Time-Tested Processes

Internal processes insure company wide consistency while offering the most efficient and effective experience for each and every client.

Clear Communication

Helping you pursue your financial goals requires clear communication and transparency. Your dedicated service team is always just a phone call away. 

 A partnership towards your financial success.

Our dedicated service teams work in partnership with you to ensure that you stay on a healthy financial path via sound financial planning, time-tested processes and clear communication.

Schedule a consultation today!

Financial Planning & Investment Services

Our team of experienced professionals are dedicated to helping you pursue your financial goals, while at the same time controlling risks. Working together, we will develop a comprehensive, long-term financial plan that implements a customized tax-saving strategy that fits your unique situation. Our financial planning and investment services include…

  • Retirement Planning & Income Distribution
  • Investments
  • Annuities
  • Roth IRA Conversions
  • Tax Planning & Preparation (Click here to learn more.)
  • Charitable Giving Strategies
  • Estate Planning
  • Life Insurance
  • Long Term Care Insurance
  • Employer-Sponsored Retirement Plans

3 Ways Employer-Sponsored Retirement Options Boost Retention

As the Great Resignation continues to impact companies across the country, employers are working harder than ever to retain talent. While competitive salaries and health insurance benefits are obvious first steps for many businesses looking to retain their people,...

Storen Financial Brings National IRA Expert, Ed Slott, to the Indianapolis Area in a Complimentary Virtual Event

Storen Financial in the News... Storen Financial, an established independent investment and accounting firm in the Indianapolis area, is excited to offer the local community the chance to learn from national IRA expert, Ed Slott, in an online virtual event. This...

New RMD Tables and Strategies for 2022

During this time of year, we're all focused on minimizing your tax liabilities as well as completing your tax return. But did you know that we can take our years of tax expertise and apply that to your retirement plan? Will your RMDs cause you to pay more tax? "Many...

We’re bringing Ed Slott back!

This 2022 program will feature a unique look at recent changes in the tax laws and how it will impact your retirement. Last year over 200+ joined us virtually to learn from Ed Slott! With such a great response we’ve decided to bring him back again this year for a...

Fiduciaries: The Gold Standard for Financial Advisors

Selecting a Trusted Financial Services Partner Financial decisions are oftentimes complex and overwhelming. It’s no secret that a knowledgeable advisor can help by simplifying tax rules and outlining investment strategies that support your financial goals. But when it...

10 Reasons to Transfer an ERISA Plan to Your IRA

Why roll over? When you roll over a retirement plan, you generally don’t pay tax on it until you withdraw it from the new plan. By completing a trustee-to-trustee transfer to your IRA, you’re saving for your future and your money continues to grow tax-deferred. You...

5 Tips for Choosing a Financial Advisor

Find an advisor that keeps your financial well-being in mind. Choosing a financial advisor is one of the most important decisions you'll make when planning your future. Such an important task can be a daunting experience. Where do you start and what questions do you...

2022 Stock Market Volatility

A long-term perspective helps us deal with these dramatic short-term declines. We wanted to briefly address the current market volatility and put today’s markets in perspective. Let’s begin by taking a quick look at 2021 year ending numbers. The Dow Jones ended...

12 Roth IRA Conversion Facts

Article from Ed Slott and Company, LLC As Roth IRA conversions become more popular, questions and misconceptions abound. In no particular order, here are a dozen Roth IRA conversion facts to be aware of: 1. Anyone with an IRA can do a Roth conversion. There are no...

Important tasks to complete when your child turns 18

Do you have the authority to help your adult child in the case of an emergency? At the age of 18, your child becomes an adult in the eyes of the law and you no longer have the power to make financial, medical, or educational decisions for them. What if they are in an...

JOIN US FOR THIS SPECIAL EVENT!

How will TAXES impact your retirement?

May 17, 2022   |   Virtually via Zoom

Join us for an exclusive virtual event featuring Ed Slott, America’s IRA Expert… This event is for those who have spent a lifetime saving for their retirement and now need to know how to protect those savings from taxes.
Click here for details.

Why Storen Financial?

At Storen Financial, we are continuously striving to find ways to better serve our clients. We are continually making improvements that will enable us to focus on outlining your personal financial goals and implementing strategies to obtain them.

Our team is committed to providing you…

  • Honesty and transparency.
  • A partnership to achieve your identified goals.
  • Guidance through complex Tax and IRA rules.
  • Relevant continuing education and coaching.
  • Ongoing portfolio analysis and rebalancing strategies.
  • A dedicated, knowledgeable service team to support you.

Learn more: 5 Tips for Choosing a Financial Advisor

Finding the right financial advisor is a crucial decision, but these tips should help you discover an arrangement that works best for you. Take the time to do your research, thoroughly investigate your options and make sure to find an advisor that keeps your financial well-being in mind—now and into the future.Click here to read this blog.

Your Annual Review

Imperative to the overall success of your investment planning strategy is an annual review. During your review, we will set and review goals, update your balance sheet, confirm beneficiaries, discuss any life events and create strategies in pursuit of your financial success. To schedule your annual review or an initial consultation, contact us today.

Learn more: The importance of an annual review

We find that clients who are most successful at reaching their personal financial goals, are fully engaged in their financial plan and attend an annual financial review with their Storen Financial advisor. Some of the items covered in these reviews include… Click here to read this blog.

Learn more: What is a family binder?

A ‘family binder’ can be used to organize and keep track of information, accounts, wishes, notes, etc. Anything you may want people to know in the event of an emergency or your death can be kept or noted in here. Items to consider including in the binder are… Click here to read this blog.

The Bucket Approach

The Now, Soon, Later Approach is an asset allocation strategy that guides our advisors in determining how we invest our clients assets. The goal of the approach is to match an investment risk and return to our clients’ personal situation and profile. The approach is influenced by their phase of life: Accumulation, Preservation and Distribution. The ultimate result is a Now Bucket with liquidity, a Soon Bucket with limited to no downside risk and a Later Bucket with growth potential.

Team Partnership and Communication

The investment branch of Storen Financial includes multiple service teams available to provide you the most personalized and consistent attention in order to guide you expertly along the path of your financial future. Our team meets weekly to discuss important topics, problem solve and lay out a strategy for the week. We also document all processes in a central digital resource. Our goal as a team is to bring you exceptional follow up and guidance in preparation for your encouraged annual review as well as throughout the rest of the year. Click here to learn more about all of the Storen Team members, their backgrounds, education and much more. 

Commitment to Education

Our financial advisors and tax professionals remain committed to you by exceeding our continuing education requirements annually. Click here to learn about this.

For over 17 years, Greg Storen has been an active member of Ed Slott’s Elite IRA Advisor Group, an exclusive organization dedicated to the ongoing study and mastery of constantly changing and complex tax laws impacting your retirement savings. Ed and his team of IRA Experts are a valued part of our back-office team to help provide you with the latest strategies to help answer your toughest questions and avoid unnecessary taxes on your retirement.

Who is Ed Slott?

Ed has been named “The Best Source for IRA Advice” by The Wall Street Journal, and USA Today wrote, “It would be tough to find anyone who knows more about IRAs than CPA Slott.” As president and founder of Ed Slott and Company, LLC, the nation’s leading source of accurate, timely IRA expertise and analysis to financial advisors, institutions, consumers and media, he provides advanced training to financial professionals and answers to retirement savers’ most important questions. Click here to learn more.

Fee-Based System

What is a fee-based advisor and why is it important? Holding ourselves to a fiduciary standard is a key component of our approach, as we have a responsibility to our clients to do what is in their best interest. This means determining risk tolerance, completing income gap analysis, allowing us to work with a broad range of investment vehicles to accomplish goals and charge appropriate fees. We are a Registered Investment Advisory Firm and are therefore able to minimize the fees through the development and management of our in house portfolios.

Fiduciary

Storen Financial is a Fiduciary. This means we act on behalf of our clients, putting our clients’ interest ahead of our own, and upholding a duty to preserve good faith and trust.

Learn more: Fiduciaries - The Gold Standard for Financial Advisors

Legally, anyone can call themselves a financial advisor, but not all financial advisors meet the strict credentials required of a fiduciary. By consulting with an advisor holding himself to a fiduciary standard… Click here to read this blog.

Schedule a Consultation!

Have questions? Contact us now to meet with one of our Financial Advisors to review your financial plans.

Schedule Your Annual Review!

Already a Storen client? Ready to setup your Annual Review? Simply contact us now and our team will get you scheduled!

Get Answers to Your Questions!

Have questions about any of this information? We are happy to help answer any you have. Simply contact us today!

How can we help?

At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. Looking for more info? Click below to learn more.

Frequently Asked Questions

How do I track my refund?

NEW! IRS2Go is the official mobile app of the IRS. Click here to learn more and as always, feel free to contact us with any questions you have.

Is there an age where Social Security is not taxed?

No, federal taxation of SS benefits is based on income level and not age. Anywhere from 0% to 85% of the SS benefit can be taxable based on how much other income a taxpayer is reporting. Note, Indiana does not tax anyone’s social security benefits. Click here to see more FAQs.

How are Indiana State and Local taxes calculated?

For new residents of Indiana, there is a learning curve on understanding State & Local taxes. Indiana has a flat rate for the State of 3.23%. So if you have $10,000 or $1,000,000 of taxable income, you are taxed at the same rate. In addition to this, each individual pays a county tax and each County can set their own tax rate. County rates range from .35% for Jefferson to 3.38% for Pulaski. There are a few exceptions to the rule, but an Indiana taxpayer is subject to County taxes based on where they lived on January 1st of the tax year. Click here to see more FAQs.

How much retirement income is taxed in Indiana?

Like a lot of other States, Indiana does not tax Social Security Benefits. Also, Indiana gives a full or partial deduction for pensions that originate from Railroad Retirement Board, Office of Personnel Management and Defense Finance and Accounting Service (Military Retirement). If one is not lucky enough to be receiving retirement from one of the listed entities, then your retirement income will be fully taxable to State and County. To keep from owing to Indiana on your Tax Return, please ask the Administrator if they will withhold State taxes on the benefits. If they do, then as a rule of thumb, we tell clients that 5% withholding will cover most taxpayers in the state. This covers both State and County rates. If someone knows that they live in a county with a rate greater than 1.7%, then take the percentage up to have withheld 6% or 7%. If the Administrator will not withhold State taxes, then Quarterly Estimates may need to be sent in. Like the Federal, Indiana can charge an Underpayment Penalty if more than $1,000 is owed at the end of the year.Click here to see more FAQs.

What do I bring to my tax appointment?

Get the full list of the items you need here in this checklist.

The Latest News from Storen

We’re bringing Ed Slott back!

This 2022 program will feature a unique look at recent changes in the tax laws and how it will impact your retirement. Last year over 200+ joined us virtually to learn from Ed Slott! With such a great response we’ve decided to bring him back again this year for a...

read more

Celebrating the 2021 tax season finish line!

We reached the finish line in style! After completing well over 4000 tax returns this tax season, our team celebrated everyone's hard work with a little friendly competition! The whole Storen Financial team came together for a fun evening at Speedway Indoor Karting....

read more

$125 IN Automatic Taxpayer REFUND

One-time direct deposits of $125 will arrive in bank accounts beginning in May and continue through mid-summer. Thanks to efforts over the last nine years that have allowed Indiana to fund critical needs while maintaining our state’s competitive tax environment, many...

read more

Contact us with any questions you might have!

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