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Total Financial Solutions is helping the community protect their money

Posted: February 24, 2014 2:00 a.m.
Updated: February 24, 2014 2:00 a.m.

Arif Halaby and his staff stand for a portrait in front of Total Financial Solutions in Newhall.

 

For Total Financial Solutions, giving back to the community is an important goal and focus.

Arif Halaby, owner of the financial assistance company, is an active member of the Santa Clarita Valley.

“We have been giving back, in a big way, for quite some time now,” Halaby said. “For over 15 years, we’ve been giving back to Santa Clarita and the community.”

“From scholarship funds that we started for high school students to working with the Boy Scouts, we raised over a quarter of a million dollars for scouting here in Santa Clarita,” Halaby said.

The drive to help the community comes full circle, as Halaby and Total Financial Solutions devote their services to helping people protect their finances.

“Our focus as a company is focusing on really one thing,” Halaby said. “And that is keeping a portion of people’s retirement money, whatever they want, safe from the market decline.”

Halaby, who formerly served on the Los Angeles Police Department for 11 years, believes protecting your assets is important.

“I grew up as a kid who had everything I needed, but not everything I wanted,” Halaby said.

After experiencing his own trying times, surviving through three financial scamming incidents, Halaby worked to build Total Financial Solutions in order to help others safeguard their money.

“Most people were raised to believe that the companies they worked for were going to take care of them, or that the government would,” he said. “We’ve always believed, and it’s now evident, that the government cannot do everything for people.”

With Total Financial Solutions acting as a broker between clients and insurance or investment companies, Halaby negotiates deals that preserves people’s accounts from market decline.

“Our company believes that people have to take care of a big portion of their own retirement by themselves,” Halaby said. “So what we do is help them with their retirement accounts, and with their IRAs and their 401ks. We help keep those accounts safe from the market.”

For prospective clients, Halaby says they must meet the eligibility requirements in order to proceed.

“We have to see if they’re qualified for what we do,” Halaby explained. “To become eligible, they have to have enough money for emergencies, enough money in the bank.”

However, the most important requirement is for people to want to have their money safe, Halaby said.

“They have to have the desire to put some of their money safe,” he said. “Not everyone wants to have their money in places where the average rate of return over time is eight percent.”

Still, people never lose their principal and it never goes backward when the market declines, he continued.

“For every person, it might be a little different,” Halaby said. “You know, someone might take a greater risk over time, or someone might want an account where they don’t want a greater risk.”

Total Financial Solutions, however, works individually to create specific plans for people.

“What we do is assess their needs based on whether or not they want to have this retirement in a lump sum or want it available for income,” he said.

For people planning their future finances, Halaby says income is an important part of retirement.

“Having a big chunk of money in a lump sum isn’t as necessary as having an income return every month,” he explained.

Although Total Financial Solutions focuses a lot of their time helping people plan their retirement, Halaby believes in educating everyone about managing their finances.

For young adults, being careful is important.

“Be careful when you take a risk,” Halaby said. “Risk isn’t always equal to the reward. Some risks, from a calculable standpoint are fine. But also, understand balance. Understand that you don’t have to wait until you’re 65 to retire.”

Specializing in retirement planning, Total Financial Solutions holds life, health, property and casualty licenses. They also help with endorsements for annuities and long term care.

“There’s good debt and then there’s bad debt,” he said. “Bad debt is debt that you have to go to work for. Good debt is when somebody else goes to work for you.”

People looking to protect their assets can get informed by visiting their website at TFSWealth.com.

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