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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. Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial plan fee. Periodic reviews of your financial plan may require a new planning agreement and result in additional fees.