Six areas of Financial Planning
Financial Position
- Net Worth (Assets-liabilities Analysis)
- Cash Flow (Income & Expenses Analysis)
- Liquidity & Emergency Fund
Cash reserves for unexpected expenses - Debt Management
- Savings & Investment Capacity
- Loss of a Loved one, divorced or getting married
Risk Management
- Life Insurance Analysis
- Disability Income Insurance Analysis
- Long Term Care Insurance Analysis
- Employer Benefits Review
Wealth Accumulation
- To review your current asset allocation investment portfolio and determine whether it is consistent with your risk profile and time horizon.
- Retirement Accounts 401(k), 403(b), IRA’s, SEP’s, RSU’s/ SARs Analysis – tax efficiencies analysis of concentration and liquidation
- Contribution to education accounts
- Analysis of opportunities to improve tax management.
Tax Planning*
- To better understand your income tax situation
- Tax-advantaged savings strategies for current and retirement years
- Capital gain/loss strategies
Retirement Planning
- Retirement Contribution Analysis to retire at your preferred retirement age, with the desired amount of annual income (indexed for inflation- Market Volatility- Montecarlo Analysis).
- Retirement Benefit and Withdrawal Rate Analysis to maintain your standard of living throughout retirement.
- Tax efficiencies – ideas to minimize taxes during retirement (Distribution Strategy)
Estate Planning
- Reviewing estate documents (wills, trusts)Wills/Healthcare Directives/ Trusts/ Powers of Attorney
- To ensure your estate will be distributed according to your wishes.
- Reviewing the impact of any new tax laws
- Planning for the succession of a business
Analyzing estate tax implications
*Representatives do not provide tax and/or legal advice. Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax, or accounting advice. Clients should confer with their qualified legal, tax, and accounting advisors as appropriate.