Mellor Agency

Financial planner in East Greenwich, RI (show on map)

Mellor Agency offers comprehensive financial services including investment, retirement, estate, insurance, and tax planning to help clients achieve their financial goals.

Call (401) 884-4455

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About

Mellor Agency is a financial services firm led by Jack Mellor, offering a wide range of services including investment management, retirement planning, estate planning, insurance strategies, and tax planning. The team, comprising Jack Mellor and William Mellor, provides personalized guidance to help clients address their financial challenges and achieve long-term success.

Services are designed to cater to various aspects of personal finance, from managing investments and planning for retirement to protecting assets through insurance and optimizing tax strategies.

Personalized financial planning approach

Comprehensive suite of services including investment, retirement, estate, insurance, and tax planning

Specialized expertise in special needs trusts and retirement income strategies

Services

Investment Services

Assistance with mutual funds, traditional IRAs, Roth IRAs, SEP IRAs, Simple IRA, variable annuities, and financial planning strategies.

Mutual Funds Traditional IRAs Roth IRAs SEP IRAs Simple IRA Variable Annuities Financial Planning Strategies

Estate Planning

Effective estate management, including wills, trusts, healthcare directives, and special needs trusts.

Estate Strategy Development Special Needs Trusts Inheritance Management Living Trusts

Retirement Planning

Planning for retirement income sources, including 401(k) planning, Social Security strategies, and retirement lifestyle considerations.

401(k) Planning Social Security Optimization Retirement Income Strategies Roth IRA Guidance

Insurance Services

Life insurance, long-term care insurance, and risk management solutions.

Life Insurance Long-Term Care Insurance Risk Management

Tax Planning

Strategies to optimize tax efficiency for investments, retirement, and estate planning.

Tax-Efficient Investment Strategies Retirement Account Tax Optimization Estate Tax Planning

Lifestyle Financial Planning

Balancing work, leisure, and financial goals to enhance quality of life.

Work-Life Balance Strategies Leisure Budgeting Financial Goal Alignment

Credentials & Certifications

FINRA Series 22, 6, 63

Frequently Asked Questions

What is a Special Needs Trust and how does it help? +

A Special Needs Trust helps care for a special needs child when the parents are no longer able to provide for them, ensuring their financial needs are met without disqualifying them from government benefits.

How can I maximize my Social Security benefits? +

Taking Social Security benefits at the optimal age, considering your retirement goals and life expectancy, can help maximize the total benefits received over your lifetime.

What are the key elements of an effective estate strategy? +

An effective estate strategy includes a will, healthcare directives, special needs trusts, and possibly a living trust to manage assets during life and distribute them after death, ensuring healthcare wishes are honored and beneficiaries are protected.

What is the difference between a Roth IRA and a Traditional IRA? +

A Roth IRA offers tax-free withdrawals in retirement, requiring contributions to be made with after-tax dollars, while a Traditional IRA allows contributions to be tax-deductible, with taxes paid upon withdrawal.

How does a living trust benefit my estate? +

A living trust allows for the management and distribution of assets during your lifetime and after death without probate, providing privacy and potentially reducing estate taxes.

What should I consider when planning for retirement? +

Key considerations include estimating retirement income needs, understanding Social Security benefits, evaluating retirement account options, and planning for healthcare costs in retirement.