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.