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.

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

Contact Us to learn more.