Services


Where Ospreys Learn to Fly by Robert Grant

Wendy Marsden, CPA, CFP® provides tax planning and preparation, investment advising, and comprehensive financial planning services to individuals, estates, and occasionally small businesses.

Who should work with us? Current ProsperiTea Planning clients include:

  • People who are trying to integrate a windfall into their lives; determining realistic goals, and then giving their money “marching orders”
  • People in early retirement trying to get their social security and retirement investments integrated the smartest way and ironing out cash flow issues with the help of a CPA/CFP®
  • People wondering when and how they can retire and/or send a kid to college (we’d be happy to help with a variety of goals, but these are the ones our actual clients have.)
  • Couples starting out, trying to make decisions about when to buy a house, how to pay off debt, how to combine households, how to budget
    • About 10% of our clients have investable assets less than $100,000, about 33% have more than a million, and the rest are somewhere in between.
    • About 30% of our clients are in gay marriages.
    • About 10% of our clients meet with us primarily through virtual meetings using cameras and microphones and screen-sharing technology.
    • 95% of our clients like dogs. We sometimes refer to ProsperiTea Planning as “Pet a Puppy Planning” as River (our Labrador Retriever) sees herself as a comfort dog and makes herself available to pet. (Watch out, though, she growls at new arrivals for a minute. It’s all bark and no bite, though.)

Wendy hits the sweet spot that integrates taxes, investment advising, and financial planning. More specifically, our services include:

Fiduciary Investment Advising:

Wendy Marsden is registered as an investment advisor with the Commonwealth of MA.  In limited situations she’ll take a “Tea Time” client: they’ll get the “Taxes and Investment Management Experience” without comprehensive financial planning. Investment advisory services include:

  • Reviewing and explaining asset allocations and investment options, and implement an asset allocation strategy across your various types of investment accounts
  • Wendy has a professional custodian relationship with Shareholders Service Group (they’re great on the phone) and is establishing one with TD Ameritrade (nice tech). In limited cases you can keep your retail account, but then you’ll be making your own trades after consulting with Wendy, rather than Wendy investing after consulting with you.
  • Helping you roll over retirement plans from old jobs and consolidating IRAs and developing a plan for IRA conversions
  • Cash flow management, including building bond ladders and setting up automatic withdrawals
  • Help with managing Net Unrealized Appreciation inside an employee stock option plan
  • Dimensional Fund Advisors has approved Wendy Marsden to use their funds
  • Wendy prefers to operate without what the SEC calls “discretion” (where she could trade on your account without your advance approval of each trade) but she is licensed and bonded for Wealth Management for situations where the client doesn’t want to be as involved or cannot be for whatever reasons. Extra fees would apply.

Tax Planning and Preparation (for new comprehensive retainer clients and  existing tax clients only):

Wendy Marsden is a Certified Public Accountant that specialized in income taxes for individuals and small businesses and, as when regrettably necessary, estates and trusts. These services are all included in the retainer price:

  • Tax preparation for individuals, trusts, estates, S Corporations or Partnerships, Self-employed, especially those with businesses at home, and Landlord
  • Tax Planning
    • Planning for draw-downs of tax-deferred retirement accounts
    • Planning for quarterly estimated taxes
    • Tax planning for asset sales and windfalls
    • Tax planning for bracket management (Roth conversions, using solar or other tax credits)
    • Tax planning for capital gains and/or losses

Wendy is winding down Tea & Taxes Company. At this point she is serving as tax preparer to ProsperiTea Planning clients and an ever-fewer group of people who have been coming to her for years. To be clear: tax prep is included in the retainer, but people just seeking tax prep services need to look elsewhere.

Comprehensive Financial Planning :

Wendy Marsden is a Certified Financial Planner™ and full member of NAPFA. Tax planning and investment advising work best when we manage the taxes and investments to achieve your goals. Comprehensive Financial Planning is a bit like coaching, a bit like problem solving, and a bit like being a doctor. Services include:

  • Getting you a comprehensive picture of where you stand, where you’d like to go, and how to get there.
  • Helping people plan how to fund college and fill in financial aid forms
  • Helping people face and conquer debt, including teaching budgeting and how to handle credit reporting agencies
  • Educating you on financial terms, showing you how they apply in your own life
  • Helping you roll over retirement plans from old jobs and consolidating IRAs and developing a plan for IRA conversions
  • Refinancing and home purchasing decisions
  • Retirement planning for budgeting and drawdown rates
  • Financial preparedness planning for both life’s big and little risks
  • Legacy and estate planning

 

Limited Scope Financial Planning (only for current tax clients who started before 2016):

On a limited basis Wendy does hourly or project-based meetings with clients who have met with Wendy Marsden prior to 2016.  These are scarce as Wendy can only fit in about one of these a month and preference goes to clients in the Tea & Taxes practice. New clients seeking these may wish to check for a Garrett Network Planner to find a fee-only hourly planner if they can’t get in to see Wendy in a timely way. Typical projects include:

  • Helping people plan how to fund college and fill in financial aid forms
  • Helping people face and conquer debt, including teaching budgeting and how to handle credit reporting agencies
  • Reviewing and explaining asset allocations and investment options, advising you on how to make your own investment decisions
  • Helping you roll over retirement plans from old jobs and consolidating IRAs and developing a plan for IRA conversions
  • Refinancing and home purchasing decisions
  • Retirement planning for budgeting and drawdown rates
  • Financial preparedness planning for both life’s big and little risks

 

Presenting to financial workshops and small business associations on topics including:

  • Tax Alpha: how to combine investing with tax strategizing to save on taxes, effectively making more from your portfolio.
  • Tax issues of the self-employed
  • Tackle your personal budget to get out of debt and reach your savings goals
  • General investing advice
  • Social security strategies

 

Estate and trust services

  • Fiduciary tax returns (for prior Tea & Taxes clients and ProsperiTea Planning retainer clients only)
  • Estate returns (for prior Tea & Taxes clients and ProsperiTea Planning retainer clients only)

Please note we do not do any auditing or other attest services on financial statements.  We no longer offer bookkeeping or payroll services to new clients. We are not accepting any new clients seeking just tax prep alone.