Financial Planning
When you hear the term financial plan, do you automatically think “complicated”?
A financial plan may seem daunting, but we are here to tell you that with a trusted financial professional in your corner, a plan can provide the confidence and clarity you need to tackle life’s unexpected events.
THE BENEFITS OF FINANCIAL PLANNING
• Provides the confidence needed to see progress towards financial freedom, because only 1 in 4 Americans feels financially prepared for retirement (CFP Board, 2019).
• Allows you to create a roadmap with your financial professional, to see the big picture and set financial goals along the way.
• Helps you plan for the certainty of uncertainty so you can spend less time worrying about money.
• Builds a long-lasting partnership with your financial professional, based on trust and the knowledge that they understand your goals and dreams.
• Shows the impact your decisions have on the future, which can lead to smarter choices to help you meet your goals.
A FINANCIAL ROADMAP BUILT ON WHAT’S IMPORTANT TO YOU
A financial plan, in conjunction with a financial professional, provides clarity and confidence to be able to make informed financial decisions today and in the future. Your financial professional can provide tailored options for you to achieve your goals.
IMPORTANT TOPICS COVERED BY FINANCIAL PROFESSIONALS
Your financial professional will work with you to uncover any issues and concerns you may not realize are holding you back from financial comfort. During the consultation, you will discuss these or similar topics with your financial professional to help them understand what is important for your well-being and discuss ways to make your money last:
• Assuring you have income for retirement so you can retire with confidence
• Planning for life transitions, such as a career change, loss of job, or sabbatical
• Helping you find and understand possible tax savings
• The unexpected death of a spouse or parent
• Preparing for an unpredicted disability or long-term illness
THE FINANCIAL PLANNING PROCESS
Your financial professional will walk you through the process of gathering information to build a roadmap that fits your financial needs. Each independent financial professional’s process may differ slightly, depending on how they work with their clients on an individual basis.
CONSULTATION
A conversation to learn what is important to you and assess your current financial situation.
DISCOVERY
Execution of your plan based on recommendations. Your financial professional works with you to track any changes and continues to provide you with clarity and confidence.
ANALYSIS
An initial conversation by phone or in-person to gather more information and define the relationship.
IMPLEMENTATION
Analysis of your unique situation to develop strategies to help you pursue your goals and objectives.
"A successful financial plan is a powerful possession that offers a sense of peace and freedom.
Our process allows us to determine appropriate strategies and help you understand how to achieve your goals and live your dreams."
Six key value propositions of financial planning that we provide:
1. Organization.
We will help bring order to your financial life, by assisting you in getting your financial house in order (at both the “macro” level of investments, insurance, estate, taxes, etc., and also the “micro” level of household cash flow).
2. Accountability.
We will help you follow through on financial commitments, by working with you to prioritize your goals, show you the steps you need to take, and regularly review your progress towards achieving them.
3. Objectivity.
We bring insight from the outside to help you avoid emotionally driven decisions in important money matters, by being available to consult with you at key moments of decision-making, doing the research necessary to ensure you have all the information, and managing and disclosing any of our own potential conflicts of interest.
4. Proactivity.
We work with you to anticipate your life transitions and to be financially prepared for them, by regularly assessing any potential life transitions that might be coming, and creating the action plan necessary to address and manage them ahead of time.
5. Education.
We will explore what specific knowledge will be needed to succeed in your situation, by first thoroughly understanding your situation, then providing the necessary resources to facilitate your decisions, and explaining the options and risks associated with each choice.
6. Partnership.
We attempt to help you achieve the best life possible but will work in concert with you, not just for you, to make this possible, by taking the time to clearly understand your background, philosophy, needs, and objectives work collaboratively with you and on your behalf (with your permission) and offer transparency around our own costs and compensation.
WHAT YOU NEED TO GET STARTED WITH YOUR FINANCIAL PROFESSIONAL
Account Statements
Company Benefit Statements (deferred compensation, pension,
401(k)) Insurance Policies (life insurance, annuities)
Liability Statements (mortgage, loan, credit card)
Income Statements (Pay slips, Social Security benefits—estimated or actual)
Tax Returns
Any other details regarding finances and what’s important to you
TAKE THE FIRST STEP TODAY AND SCHEDULE A CONSULTATION WITH YOUR FINANCIAL PROFESSIONAL!
