Our Financial Planning Process

Plan Now to Secure Your Future

We encourage our clients to create or revisit their financial plans at the beginning of our relationship. Development of a financial plan will help you define your objectives and will focus on six key areas of your financial life.

Cash Reserves

  • Without Financial Plan
    Some savings accumulated in checking/savings at bank, but lacking structure.

  • With Financial Plan
    Cash based on lifestyle/needs; structured for safety, liquidity and yield between banking and investment accounts.

Tax Planning

  • Without Financial Plan
    Saved funds in 401(k) and bank, but no intentional tax strategy.

  • With Financial Plan
    Intentional balance of investments based on current and expected taxation.

Retirement

  • Without Financial Plan
    Participating in company’s retirement plan and saving whatever is “leftover” from lifestyle expenses. Retirement age and vision not defined.

  • With Financial Plan
    Precise retirement target age, defined lifestyle requisites and understanding of required savings and investment strategy to attain these and other goals.

Investments

  • Without Financial Plan
    Investment allocation based on general risk tolerance.

  • With Financial Plan
    Investment allocation based on risk tolerance and required risk/return to achieve stated financial goals.

Estate

  • Without Financial Plan
    Prepared, but potentially outdated will. Beneficiaries named on 401(k) and IRA accounts. Assets outside of retirement accounts to be subject to probate. Advanced strategies not utilized.

  • With Financial Plan
    Up-to-date estate plan, including will, healthcare directives and power of attorney. Investment and legal structures designed to maximize asset transfers to heirs/charities and minimize taxes.

Insurance/Protection Planning

  • Without Financial Plan
    Disability coverage through employer only. Underfunded or outdated life insurance policies with sub-optimal ownership. Homeowner’s coverage out-of-date due to inflation and increased replacement costs. No umbrella/liability coverage.

  • With Financial Plan
    Policies with a purpose. Specific coverage coordinated between workplace benefits and personal policies to reach financial goals. Homeowner’s coverage designed to replace home in the event of loss. Adequate liability coverage to protect assets.

What you will gain from our financial planning process:

1. Clarity

Clarity of your financial circumstance, objectives and strategy.

2. Time

Time to devote to other important aspects of your life.

3. Focus

Focus to accomplish your objectives.

4. Empowerment

Empowerment to make more informed decisions for yourself and your family.

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