Accumulation

Accumulation planning addresses your investment needs, asset allocation, and the suitability of different types of securities in light of your goals and risk tolerance.

 

Financial Planning

A personalized financial plan is the starting point on your road to financial success. A financial plan will provide a comprehensive view of your goals (retirement, college, investments, risks, other personalized goals) and if you are on track to achieve those goals. Once we have built a plan together, then we'll discuss the necessary products and tools to implement that plan. Once you decide what products you'll use to implement your plan, then it is a matter of monitoring your progress. We should meet at least once per year, if not more often depending on your needs, to ensure that your financial plan is keeping up with your goals.

 

Risk Management

Risk management is intended to minimize financial and other losses potentially associated with risks to your assets, business, or health. This often includes the use of life, disability, long-term care, and property and casualty insurance. Life insurance can include term, workplace, and permanent insurance. You may have disability insurance through work or you can own an individual policy. There are also different ways to plan for long-term care needs to include traditional long-term care insurance and hybrid life/long-term care policies. We can also introduce you to trusted referrals who are experts in property and casualty insurance.

 

Retirement Planning

Retirement planning involves evaluating your current financial standing and creating an accumulation strategy that will help to ensure a desired retirement lifestyle. As you approach retirement, we can also coach you through identifying what you want your retirement lifestyle to be and how that affects your finances. Retirement requires a financial plan, but equally important is a plan for your mental, social, spiritual, and physical health. 

Common questions retirees ask: How does the state in which I live affect my taxes? How can I help my grandkids with tuition? Do I have enough to buy my dream home or go on a dream vacation? 

Retirees should also ask: What is my ideal day or week? How can I replace the fulfillment I receive at work? How can I replace the friends I have at work? Will I volunteer? Will I go back to school?

 

Estate Planning

Estate planning creates a master plan for the management of your property during life and the distribution of that property at death. We will coordinate with your estate planning team or can provide trusted referrals. If your estate plan is properly coordinated with your financial plan, everything will be easier for your family at death.

 

Tax Planning

Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. This could include IRA conversions, cost basis coordination, required minimum distributions, qualified charitable distributions, and Medicare premium planning. We will coordinate with your accountant or can provide trusted referrals. 

 

Business Planning

Many people own a business, including artists, medical professionals, consultants, engineers, and inventors. That business can be their most significant asset, and the financial success of that business has an immediate impact on the economic security of their families. Properly incorporating your business into your personal financial plan is essential. It is also important to understand the personal risks you face because of your business. We can coordinate your business with your financial plan and also introduce you to the appropriate people to help with your business liability insurance.