Financial Planning
Financial Planning is Finding a Map to Reach Your Destination.
We begin the process by getting to know you and discussing your family’s specific situation. During this process, we’ll ask that you define your family’s goals and objectives and we assist you in quantifying and prioritizing your goals.
Once your goals are established, we analyze your financial information extensively along with your personal financial preferences. This process results in specific recommendations (the roadmap!). We review the plan with you and then assist with the implementation. We also monitor progress toward your goals. Financial Planning is an ongoing process. Our recommendation is an annual review of your progress and goals to ensure the plan is on track. Adjustments are typical and to be expected and we will guide you along the way.
Once your goals are established, we analyze your financial information extensively along with your personal financial preferences. This process results in specific recommendations (the roadmap!). We review the plan with you and then assist with the implementation. We also monitor progress toward your goals. Financial Planning is an ongoing process. Our recommendation is an annual review of your progress and goals to ensure the plan is on track. Adjustments are typical and to be expected and we will guide you along the way.
7 Area of Focus We Consider When Building Your Wealth Management Plan
1. Retirement Planning
Establish Retirement Income Goal
Pension and/or Social Security Review
Retirement Account Assessment
Retirement Income Plan
Beneficiary Review
Healthcare/Medicare Planning
2. Investment
Identify Goals and Objectives
Develop Investment Policy Statement
Develop Asset Allocation Plan
Monitor and Re-balance as Warranted
3. Taxes
Capital Gain/Loss
Employer Benefits
Alternative Minimum Tax (AMT)
4. Estate Planning
Business Succession
Durable Power of Attorney
Living Will
Gifting While Living and at Death
Select Personal Representative/Trustee
Distribution Plan
Titling of Assets
5. Insurance
Review Disability, Life, Umbrella, etc.
Analyze for Suitability
Perform Cost Analysis
6. Liabilities
Estimated Statement of Financial Position
Debt Review
7. Education Planning
Needs Analysis
Funding Plan
UTMA, Coverdell, 529 Plans, Custodial