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Planning Topics
The key to successful financial planning is a comprehensive approach that provides you
with the peace of mind that all aspects of your financial life have been objectively and
professionally reviewed.
Of course we also
help clients with specific issues who do not currently want a comprehensive plan. It is
always up to the client to decide what they want us to do for them, and with our Fee-Only
approach you will know in advance what the fee will be to resolve your issues.
Specifically we can help you with
the following topics:
- Cash Flow:
What are the inflows from wages, investments, etc., and how are they
spent, both now and into the future. Is your income steady over the year or are there
months where your expenses exceed your income. How much money could you save without
affecting your current lifestyle? What impact will college funding have on your financial
plan?
- Retirement Planning:
When, where, and how will you retire? What is your idea of
"retirement"? Will it be realistic to retire early? What investment options make
sense for your situation? What tax deferred investment plans are available though work.
How will Social Security help you in retirement.
- Investments:
How are your assets invested? Is your 401(k) invested appropriately to
meet your goals? Are your taxable investments invested tax efficiently? Is your overall
portfolio properly diversified? What is your risk tolerance? How can you best utilize
employee stock options to your benefit?
- Insurance & Risk Management:
When was the last time an independent consultant,
who had no financial interest in your decision, objectively reviewed your risks and
coverages? Are your deductibles too low? Do you really need any more life, disability, or
umbrella liability coverage?
- Estate Planning:
Time is devoted to reducing the impact of estate taxation;
analyzing potential probate and distribution issues; and identifying asset ownership and
protection concerns. Will your estate be taxable estate? If so, how can you preserve the
maximum amount for your heirs?
- Income Tax Planning:
Are you just getting your tax return prepared, or are you
planning transactions to minimize State & Federal income taxes? We review your tax
returns in light of your overall financial structure, we will advise you on the most tax
efficient means of achieving your goals. Potential opportunities and problem areas are
identified. Legislation affecting your particular situation is monitored and you are
appraised of changes in the tax laws that will affect your plan.
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