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.