Who needs a Financial Plan?
Most people go to a doctor for a medical check-up, but they don’t like thinking or talking about money and often neglect their financial health. For most people, hiring a financial adviser is believed to be a task for the rich, or they believe it is something that is covered by their retirement accounts.
Single millennials, young families, business owners, government employees, etc. – everyone needs someone looking out for their financial interest. The majority of Americans do not have funding or documents in place to protect their loved ones should anything happen to them. Many people can’t afford to retire, because they had no planning in place. Having a plan in place provides a financial peace of mind.
It is important to work with a fee-only adviser to ensure that you are not being sold product.
Comprehensive financials plans can include, but are not limited to:
Financial Status Evaluation
- Statement of Financial Position
- Client liquidity & Cash flow analysis
- Capital needs analysis
Investment & Retirement Plans and Strategies
- Evaluate current lifestyle & future retirement needs
- Accumulation planning
- Investment and tax strategies
- Distribution Planning
- Portfolio Management
- Calculating education needs
- Options and Sources of financing
Risk Management, Insurance & Estate
- Asset Protection
- Income replacement needs
- Estate Review & Beneficiary designations
- Gifting strategies
- Charitable gifting
Inheritance & Bequest
Contact us for a consultation.