As your guide for financial planning, we consider every aspect in your life that impacts you financially. We then figure out ways to transform your financial life into one that is more effecient and better supports the goal you are working to accomplish. Financial planning most often ensures comfortable movement throughout life, whether that includes education, retirement or making sure your legacy is passed on the way you want it to be.
Writing a financial plan gives you a measurable goal to work toward. Because you can track your progress, you can be confident and certain about your decisions and make adjustments to help overcome obstacles that would otherwise easily derail you.
Financial Planning
Each financial plan generally includes the following components; however, individual plans may vary based on specific needs.
Goal Setting
Goal setting is an effective way of picturing what you want to achieve and what you want your life to be like. You can then move toward those images in an intentional way.
Income Tax Planning
With the goal of minimizing the taxes you pay, we advise you on tax planning opportunities available to you given your specific circumstances.
Insurance Planning
There are numerous risks that can wreak havoc on the best-laid plans. We help you determine the right type and amount of insurance and, if appropriate, refer you to licensed insurance agents.
Estate Planning
Estate planning is done to ensure that during life, and at death, your assets go to the people and organizations you want in a tax-efficient manner. We educate you on estate planning issues and, if applicable, refer you to an estate attorney to have the necessary documents drafted.
Detailed Cash Flow Planning
Understanding where your money goes is fundamental to financial planning. We work with you to compile an accurate accounting of your current spending and develop a spending plan that supports your identified goals.
Education Planning
Based on your educational goals, we quantify the savings required and identify the education funding strategy that best meets your needs for tax efficiency, control, or flexibility.
Retirement Planning
Funding retirement is usually the largest financial challenge our clients face. If you are years away, we define how much you should be saving each year for retirement. If you’re within 5 years or less, we run scenarios to help you understand the actions that might be needed to get you to your retirement goal. If you’re in retirement, we monitor whether you’re spending at a level that is sustainable or running the risk of depleting your financial assets.
Every aspect of our process is personalized specifically for you. Our strategy includes a personal approach that is dependable and thorough. Our goal is to keep our process simple which allows you to easily see where you stand and what steps you need to take in order to inch closer to your financial goals.