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Financial Planning

 The purpose of a financial plan is to understand where you are now and help you to reach your goals in the future. Your plan includes observations, analysis and many recommendations to better balance current needs with future goals. Elements of your financial plan may include some or all of the following topics:

1. Current Financial Status

Your current assets and liabilities (Net worth), income and expenses (Cash flow) are reviewed and documented. Debts and income taxes are reviewed.

2. Estate Planning

Your estate planning should be contained in a set of documents that protect you if you should become incapacitated, and provides direction after you are gone. We will review your documents to be certain that they are complete and up to date. We provide recommendation for you to discuss with your attorney. Many people do not have these important safeguards in place, in which case we can refer you to an appropriate estate-planning attorney.

3. Life-style and Asset Protection

Having the right types and appropriate levels of insurance are important to protect you, your family and your heirs against the possibility of catastrophic losses. We review your policies and recommendations are provided so that you can discuss the issues further with your own insurance providers. If need be, we can refer you to the appropriate professionals who can help you put these protections in place.

4. Advanced Planning

We use computer projections to help you make the best financial decisions for retirement, funding education or other goals.

5. Tax Efficiency

No one likes paying more taxes than you really need to pay. Our goal is to make sure that your investments are structured in a way that makes them tax efficient.

6. Investment Review

We do an analysis of your current investments and determine your risk tolerance. Thereafter, an overall asset allocation recommendation will be provided. All recommendations are based on Generally Accepted Investment Principles and Evidence Based Investing. An Investment Policy Statement is also provided for every client.

7. Other Considerations

Any other issue or concern you have should be included in your plan such as stock options, RSUs, Charity or philanthropic desires, Annuity review etc.

The cost of the financial plan can vary based on the complexity and number of elements, but most often totals $2,000 to $4,000.