Comprehensive Financial Planning

If you don’t know where you are going, how do you expect to get there?

Financial planning can encompass your full financial situation.  Sometimes you may just need a few key questions answered (that is what our hourly meetings are for) and other times you need ‘the works’ – maybe you are at a crossroads in your career, preparing for retirement, planning for a major life event or want to develop goals and a roadmap for your future.

Our Comprehensive Financial Plans are customized to your needs and usually include running multiple scenarios that will include a mix of the following issues that may be important to you:

PERSONAL FINANCIAL

• Budgeting and cash flow analysis
• Assets and liabilities management
• Scenario analysis (retirement projections, moving to a larger home, job transition/career change, staying home with a new baby)
• Financial goals planning (i.e., college funding, retirement saving, home down payment)

INVESTMENTS

• Asset allocation and portfolio construction
• Portfolio review and re-balancing
• Specific investment advice (purchases, sales)
• Account specific advice (i.e., rollovers, consolidation, Roth conversions)
• Education planning and funding
• Objective review of third-party investment managers

RISK MANAGEMENT

• Life insurance needs analysis; amount and type of insurance
• Disability and long term care insurance recommendations
• Current property and casualty insurance policy review (auto, homeowner’s, umbrella)

TAX PLANNING

• Tax projections
• Tax implications of various financial decisions (i.e., home buying, income changes, capital gains)

RETIREMENT PLANNING

• Income and cash flow needs analysis
• Goal planning and scenario analysis
• How much to save; which accounts to fund
• When to draw social security
• How to take distributions from your accounts strategically

ESTATE PLANNING

• Recommendations on estate planning documentation needed
• Referral to qualified estate planning attorneys or online resources

SPECIAL PROJECTS

• Rental real estate
• Stock option planning
• Other projects as requested

After all recommendations are put into action, we move to a retainer engagement to continue to work with you over time to monitor, fine-tune and maintain your plan. You can learn about our fees here.