Financial planning is integral to our services because so much of what we do comes back to your financial goals. Our financial planning process helps you take your financial goals from vague constructs to specific, measurable outcomes. Our goal is to help you uncover your personal definition of success with your finances.
Consolidate and create a cohesive strategy for your finances. Navigating how to consolidate your accounts can be tricky with major consequences. This is the most common financial planning need.
What do you want your retirement to look like? When can you retire? How much can you spend in retirement? When should you claim Social Security?
Am I appropriately invested? We will review all of your investments and make recommendations as to how you should reallocate and create an overall plan for your investment assets based on your planning needs and risk tolerance.
What more can I do to save on taxes? We can help you navigate the best way to accomplish your goals in a tax efficient manner. We can discuss various tax strategies depending on what you hope to accomplish.
How should you save for education? How much does college cost?
What is my risk tolerance? How/when could my risk tolerance change throughout my life? Am I taking too much or too little risk?
What type of insurance do I need? Is it the right price? What is the right amount of insurance?
How do I manage the inflows of cash I receive? What is the best way to draw from my retirement accounts? How should I withdraw money for tax purposes?
How much cash do I need for emergencies? Where should I keep my emergency funds? How much should I be saving? What if I want to save for a specific goal? What is the timeline of my goals?
Let’s take all of the above questions, and tailor them specifically to your life. We will do this as well as give you recommendations and a plan of action to achieve your goals. Our goal is to give you a plan that covers all aspects of your financial life, even those you hadn’t considered before.
What is the purpose of all these types of accounts?! Is there a difference between the accounts? If self-employed, what’s the best savings solution?
What are the pros and cons of the pension elections? What should I take into account when I make pension selection?
What will be the financial impacts if I decide to sell/buy/rent out a house? How will this affect me long term?
What are the maximum contributions for my specific employer retirement account? What is the best course of action for getting the most out of my employer benefits?
What is the purpose of my estate planning? How do I make sure my estate planning makes sense? What do I hope to accomplish with my estate planning?
After the plan, the most important step is implementation. If you don’t implement it was all for naught! We will assist you to whatever level you desire to ensure that what we have recommended makes it into action. This may include assistance opening, transferring and investing accounts initially. Once we have wrapped up all implementation and you feel clear about your path forward, we will check in periodically as you initiate. One of the main goals of financial planning is to arm you with the ability to judge for yourself how a decision impacts you financially. We also want you to feel like you always have an advisor in your corner as life changes.
We generally recommend coming to see us again every 1 to 2 years or if you have any big life changes. At which point we will have a relationship on an hourly basis. Now that we are familiar with your situation, attitude, and goals it is easy for us to jump back in to answer any current questions or adapt to life changes. We may recommend an update to your investment allocation at this time.
