Financial Planning

Financial Planning

Financial planning is the process of creating a roadmap for you and your family’s financial future.  We work closely with you to set financial goals, assess your current financial status, develop strategies to achieve those goals, and regularly monitor and adjust your plan as needed. 

Our planning covers various aspects of your personal finance, including budgeting, savings, investments, retirement planning, risk management, tax planning, estate planning and property planning, among other services.

Financial planning is the process of creating a roadmap for you and your family’s financial future.  We work closely with you to set financial goals, assess your current financial status, develop strategies to achieve those goals, and regularly monitor and adjust your plan as needed. 

Our planning covers various aspects of your personal finance, including budgeting, savings, investments, retirement planning, risk management, tax planning, estate planning and property planning, among other services.

Gather Info, Identify Values & Set Goals

Financial planning starts with understanding your current financial situation.  This involves reviewing your income, expenses, assets, liabilities, and cash flow.  We help you understand your net worth, debt-to-income ratio, and other key financial indicators.  We discuss concerns such as your risk tolerance and your exposure to longevity, economic, liability and health-care risks.  This is the time for us, as your financial planner, to get to know you and we encourage you to share what’s most important to you.  Once our team understands your situation, it’s time to set your goals.  We work with you identifying your immediate, mid and long-term financial goals, such as purchasing a home, retirement, education funding, or wealth transfer to future generations or charitable causes.  We know that understanding and good communication is crucial to a successful partnership, so we talk through any assumptions or estimates with you that we are using in our forecasting.

Analyze & Evaluate Your Current Status

Our team will analyze the strengths and vulnerabilities of your current financial situation and any financial plans currently in place.  We also may offer potential alternative courses of action to update or enhance your current plan.  Depending upon your personal circumstances, this includes looking at your cash flow, asset protection, retirement planning, emergency fund and other financial data.  We will help you determine if you are on track or if some adjustments should be made.

Develop Recommendations & Create A Plan

The next step is for us to develop recommendations to help you meet your goals.  Our team considers the available options to as well as your specific circumstances to determine what is right for you.  This usually involves financial modeling with reasonable assumptions for life expectancy, tax rates, investment returns and income needs.  Our responsibility is to develop recommendations that are designed to maximize the potential for you to reach your goals.  This isn’t just finances: it’s your life, your health, and even planning for future generations.

Review & Amend the Plan

When we present our financial planning recommendations to you, you will have the opportunity to provide us with feedback, ask questions and propose adjustments to the plan.  As we work together to finalize plans, it is important that you understand the steps you will need to take toward reaching your goals.  It is important for you to understand the reasons for the recommendations, what assumptions and estimates our financial planner is making, and when you will need to take action to implement your plan.

Implement The Plan

Now it is time to put the plan into action.  If our planning agreement includes implementation, then you will need to know what we, as your financial planner, will be doing and what you will be doing.  For the areas that our team is handling, we will need to identify potential actions, products, and services, and then make recommendations.  You’ll have the opportunity to talk to your us about the recommendations before you make any decisions.

Monitor & Review

Financial planning is a collaborative process.  Our wealth management firm provides ongoing monitoring and adjustments to the financial plan as your circumstances evolve.  This includes regular reviews of your plan, evaluating progress towards your goals, and making necessary adjustments to accommodate life changes or market conditions.  We rely on you to let our team know about changes in your personal circumstances (such as a change in employment or family status) that may require adjustments to your plan.  Our team keeps you informed and provides proactive recommendations to ensure your financial plan remains on track.

Gather Info, Identify Values & Set Goals

Financial planning starts with understanding your current financial situation.  This involves reviewing your income, expenses, assets, liabilities, and cash flow.  We help you understand your net worth, debt-to-income ratio, and other key financial indicators.  We discuss concerns such as your risk tolerance and your exposure to longevity, economic, liability and health-care risks.  This is the time for us, as your financial planner, to get to know you and we encourage you to share what’s most important to you.  Once our team understands your situation, it’s time to set your goals.  We work with you identifying your immediate, mid and long-term financial goals, such as purchasing a home, retirement, education funding, or wealth transfer to future generations or charitable causes.  We know that understanding and good communication is crucial to a successful partnership, so we talk through any assumptions or estimates with you that we are using in our forecasting.

Analyze & Evaluate Your Current Status

Our team will analyze the strengths and vulnerabilities of your current financial situation and any financial plans currently in place.  We also may offer potential alternative courses of action to update or enhance your current plan.  Depending upon your personal circumstances, this includes looking at your cash flow, asset protection, retirement planning, emergency fund and other financial data.  We will help you determine if you are on track or if some adjustments should be made.

Develop Recommendations & Create A Plan

The next step is for us to develop recommendations to help you meet your goals.  Our team considers the available options to as well as your specific circumstances to determine what is right for you.  This usually involves financial modeling with reasonable assumptions for life expectancy, tax rates, investment returns and income needs.  Our responsibility is to develop recommendations that are designed to maximize the potential for you to reach your goals.  This isn’t just finances: it’s your life, your health, and even planning for future generations.

Review & Amend the Plan

When we present our financial planning recommendations to you, you will have the opportunity to provide us with feedback, ask questions and propose adjustments to the plan.  As we work together to finalize plans, it is important that you understand the steps you will need to take toward reaching your goals.  It is important for you to understand the reasons for the recommendations, what assumptions and estimates our financial planner is making, and when you will need to take action to implement your plan.

Implement The Plan

Now it is time to put the plan into action.  If our planning agreement includes implementation, then you will need to know what we, as your financial planner, will be doing and what you will be doing.  For the areas that our team is handling, we will need to identify potential actions, products, and services, and then make recommendations.  You’ll have the opportunity to talk to your us about the recommendations before you make any decisions.

Monitor & Review

Financial planning is a collaborative process.  Our wealth management firm provides ongoing monitoring and adjustments to the financial plan as your circumstances evolve.  This includes regular reviews of your plan, evaluating progress towards your goals, and making necessary adjustments to accommodate life changes or market conditions.  We rely on you to let our team know about changes in your personal circumstances (such as a change in employment or family status) that may require adjustments to your plan.  Our team keeps you informed and provides proactive recommendations to ensure your financial plan remains on track.

By providing comprehensive financial planning strategies, our wealth management firm helps you gain clarity, set achievable goals, and make informed decisions about your financial future.

By providing comprehensive financial planning strategies, our wealth management firm helps you gain clarity, set achievable goals, and make informed decisions about your financial future.

Have Questions? We're Here to Help.

Our calls are always relaxed and pressure-free.

Core Financial Planning Services

Existing Retirement Plan Review

Retirement Lifestyle Goal Planning / Guidance

Company Compensation, Stock & Benefits Plans

Retirement Plan Distribution Option Analysis

Defined Benefit Pension Claiming Analysis

Social Security Claiming Analysis

Social Security Strategy

Analysis of Roth vs Traditional 401k Plan Account

Retirement Cash Flow Analysis

Minimize Taxes

Safe Withdrawal Rate Analysis / Retirement Income Strategies

Analysis of How Much to Contribute to Retirement Accounts Each Year

Determine When Clients Can Retire

Considering Backdoor and “Mega” Backdoor Roth Conversions

Coordinating Income with Tax-Sensitive Items (eg , Medicare)

Planning for Housing Transition (eg, CCRC etc)

Review Annual Social Security Statements

RMD Planning / Execution

Core Financial Planning Services

Existing Retirement Plan Review

Retirement Lifestyle Goal Planning / Guidance

Company Compensation, Stock & Benefits Plans

Retirement Plan Distribution Option Analysis

Defined Benefit Pension Claiming Analysis

Social Security Claiming Analysis

Social Security Strategy

Analysis of Roth vs Traditional 401k Plan Account

Retirement Cash Flow Analysis

Minimize Taxes

Safe Withdrawal Rate Analysis / Retirement Income Strategies

Analysis of How Much to Contribute to Retirement Accounts Each Year

Determine When Clients Can Retire

Considering Backdoor and “Mega” Backdoor Roth Conversions

Coordinating Income with Tax-Sensitive Items (eg , Medicare)

Planning for Housing Transition (eg, CCRC etc)

Review Annual Social Security Statements

RMD Planning / Execution

Wealth Management or Financial Planning. We’re Here to Help.

Our calls are always relaxed and pressure-free.