Financial Planning Roadmap
Financial Planning Roadmap
As part of the financial planning process, you’ll receive a thorough analysis and exploration of your financial situation, followed by the design and implementation of a comprehensive financial plan specifically tailored to your personal objectives, needs, and aspirations.
-
Investment Planning
- Review of portfolio
- Asset allocation
- Time horizon
- Withdrawal strategies
- Investment policy statement
- Tax efficiency
- Stock concentration
- Equity compensation
-
Estate Planning & Charitable Giving Strategies
- Wills
- Power of attorney
- Living will
- Health care proxy
- Trusts
- Guardians for minor children
- Multi-generational planning
- Estate taxes & reduction strategies
- Charitable giving strategies
-
Retirement Planning
- Retirement goal-setting
- Social Security
- Medicare
- Individual retirement accounts
- Employer-sponsored plans
- Self-employed retirement plans
- Annuities & pensions
- RMDs & withdrawal strategies
- Probability of success
-
Risk Management & Insurance
- Review of existing policies
- Life insurance needs
- Long-term care insurance
- Disability income insurance
- Health insurance
-
Family Assistance
- Gifting
- 529 college savings plan
- Roth IRAs for children
- Uniform Gifts (UGMA) & Uniform Transfers (UTMA)
custodial accounts for minors - Special needs planning
- Caring for elderly
-
Cash Flow & Budget
- Income sources
- Expenses & budgeting
- Emergency funding
- Savings plan
- Debt management
- One-time expenses
- Planned large expenses
- Mortgage review
- Lines of credit
-
Income Tax Strategies
- Review of cost basis
- Review realized gains
- Carry-forward losses
- Tax loss harvesting
- Deductions & credits
- Potential Roth conversions
- Health savings & flexible spending accounts
-
Business Owner Planning
- Financial summary
- Valuation estimate*
- Employee benefits
- Key employee compensation & retention
- Business succession planning
- Gift/sale to family
- Sale to third party*
- M&A transactions*
*Access provided to third-party, unaffiliated resources to assist business owners with exit planning.