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Six Areas of Financial Planning

We lead our clients through a process of identifying personal and financial goals, taking stock of their existing situation, developing and implementing a strategy and monitoring and reviewing it to help assure that progress continues.

Six Areas of Financial Planning

Financial Position

  • Cash reserve levels
  • Cash reserve strategies
  • Debt management
  • Cash flow management
  • Net worth
  • Discretionary income
  • Expected large inflow/outflow
  • Lines of credit

Protection Planning

  • Disability Income Insurance
  • Long-term care - coverage
  • Life insurance
  • Medical/Health
  • Deductibles vs cash reserves
  • Policy status
  • Policy loans
  • Beneficiary designations
  • Special needs situations
  • Alternate / additional coverage strategies

Investment Planning

  • Asset allocation
  • Education funding
  • Options, restricted stock, non-qualified deferred compensation
  • Ongoing investment fees
  • Risk tolerance
  • Tax implications*
  • Cost basis
  • Timeframes
  • Diversification strategies
  • Dollar-cost averaging

Tax Planning*

  • Tax reduction strategies
  • Tax deferred investing
  • Tax diversification
  • Qualified investments
  • Non-qualified investments
  • Effects of liquidation
  • Filing status
  • Business ownership
  • Non-traditional ownership

Retirement Planning

  • Minimum distributions
  • Pre-59 1/5 strategies
  • 401Ks
  • IRAs
  • Medicare/Medigap
  • Social security
  • Roth conversions
  • Income streams and transitions
  • Health care
  • Tax transitions
  • Risk tolerance transition
  • Timing issues

Estate Planning

  • Estate balancing
  • Capital transfer
  • Asset ownership
  • Trusts
  • Wills
  • Trust funding
  • IRD
  • Succession planning
  • Special needs dependents
  • Minor children
  • Generation skipping
  • Short-term life expectancies
  • Estate liquidity

*Registered representatives do not provide tax and/or legal advice. Clients should confer with their qualified legal, tax, and accounting advisors as appropriate.