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Forrest Baumhover

Retirement, Investing, Taxes
“Our most important service is making sure that you make the changes in your life that you need to be successful.”

Lawrence Financial Planning

Job Title:

Financial Planner


Forrest Baumhover joined Lawrence Financial Planning in 2018 after a rewarding 24-year Navy career.  He holds a B.S. in English from the United States Naval Academy and an M.B.A from Old Dominion University. Forrest has been a CFP® professional since 2015.  He is also enrolled before the IRS as a tax practitioner.

As a veteran and a financial planner, Forrest understands the difficulties of being financially prepared for the unexpected.  His personal experience in helping sailors resolve their own financial challenges inspired him to become a financial planner.

Forrest has been quoted in USA Today, Christian Science Monitor, Business Insider, and Yahoo Finance.

Originally a native of Dade City, Florida, Forrest has lived in the Westchase community since 2014.  In his spare time, he volunteers as a transportation specialist, transporting his three children from activity to activity.


BS, English, US Naval Academy
MBA, Old Dominion University

Assets Under Management:

$85 million

CRD Number:


All Articles
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January 2017
    Military / Veterans, Retirement Savings
November 2016
    Military / Veterans, Taxes
November 2016
    Life Insurance, Military / Veterans
October 2016
    Life Insurance, Military / Veterans
December 2016
    Lifestage Based Planning, Military / Veterans, Taxes

All Answers
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Most Helpful
    Financial Planning, Taxes
How can we minimize our tax exposure?
20% of people found this answer helpful

It's hard to tell what tax-planning opportunities you and your wife have without looking at the entirety of your situation. For example, student loans, charitable contributions, or itemized personal deductions might be a factor on your personal return. IRA contributions may be an option, but you may not be eligible if you don't meet the adjusted gross income requirements. S-corporation owners may benefit from classifying part of the profit as dividend (exempt from self-employment tax), but it's hard to make the case if you are the primary source of income (i.e. You don't have employees, equipment, or contractors).

Fully developing a tax-efficient plan should probably be done with a financial planner or tax professional. However, these are all opportunities you may want to look into on your own as well.

December 2016
    Debt, Real Estate
Is a cash-out refinance a good idea for me?
0% of people found this answer helpful
March 2018
    Taxes, End of Life
March 2018