Financial Planning Concepts
Foundational Planning
- Identify and set financial goals with a timeline
- Establishing your net worth
- Cash Flow Analysis
- Personal Balance Sheet
- Saving for education strategies
Insurance Planning
- Quantifying your insurance need based on lost income (a scientific approach to the question about how much insurance do I need)
- Life insurance review
- Disability review
Debt Management
- Reviewing student loans and repayment/consolidation strategies
- Mortgage rate analysis
- Managing credit card debt
- Debt Repayment Strategies
- Banking and Credit Optimization
Tax Planning
- Implement Strategies to reduce your tax burden
- Assist with referral to tax professional
Retirement Planning
- Retirement Income Planning
- Determine what Retirement Vehicle (Traditional IRA or Roth) is right for you
- Estimate Social Security Income
- Tying all of these into a retirement goal plan that can project monthly income in retirement from all sources, including social security
Investment Planning
- Review current holdings to determine if current allocation and fees are appropriate
- Investment advice on Company Sponsored Retirement Plans
Estate Planning
- Review wills and beneficiary designations
- Managing inheritance
- Asset titling
- Dealing with minor children as part of your estate plan
- Charity Planning
- Assist with referral to get estate documents prepared
Big Decision Consulting
- New Home Buying Consulting
- Salary Negotiation
- Succession Planning
- Salary & Benefit Optimization (business owner)
