FINANCIAL PLANNING

 

Financial planning isn’t an isolated event. Having an idea of what your financial future looks like is a great thing, but you may quickly realize that there are competing financial priorities.

Financial planning looks at the different steps along the path of achieving your financial goals, giving you full access to a financial planner to work with on an ongoing basis.

Depending on your subscribed level of service, we may cover any of the following financial areas (for more detail see “What Does it Cost?” below):

  • Financial Goal Planning

  • Budgeting/Cash Flow Planning

  • Debt Management

  • Investment Planning

  • Education Planning

  • Insurance Planning

  • Retirement Income Planning

  • Tax Return Review/Planning

  • Estate Planning

  • Small Business Planning

GETTING STARTED

Our first visit together is a short conversation about what you’re looking to achieve. I’ll ask questions like

  • Where do you see your family in 5, 10, or 20 years?

  • What makes you the most happy?

  • What concerns you about the future?

This will help us understand your goals and values and how to apply the right financial tools to achieve them. By the end, we both have a list of what you’d like to do and where you’d like to be. Your list might include items such as

  • Save for my childrens’ college education

  • Retire by age 60

  • Pay off my mortgage in 5 years

  • Find ways to decrease my taxes

We then have a conversation about how my services can best fit your situation. It’s then up to you to decide if you’d like to work with me.

GETTING ORGANIZED

Once we’ve decided to work together, the fun begins! Sort of. One of the biggest obstacles to anyone’s financial success is getting organized. We’ll work together to get all of your important financial documents in one place. These documents include

  • Retirement account statements (401k, IRA)

  • Loan documents (mortgage, student loans, credit cards)

  • Tax returns

  • Social security statements

BUILDING YOUR PLAN

Now that all of your financial documents are gathered and organized, I roll up my sleeves as your financial planner and get to work.

Building your financial plan is a balancing act between knowing where you want to go (from our first meeting) and where you are right now (from your financial information provided).

Your financial plan usually takes a couple of weeks once all your documents are organized. Using a financial planning tool called RightCapital, I create a plan that makes sense to you.

If there are shortcomings to reaching your goals, I’ll tell you. If you’re knocking the ball out of the park, I’ll tell you that too. The whole purpose to building your financial plan is to see where you are and how we’ll get to where you want to be.

By the end of this process we’ll have built your financial plan in RightCapital which you can view at any time. You’ll also have a one-page Financial Planning Summary which we’ll use as our guide for the next 12 months.

OUR ONGOING RELATIONSHIP

As we continue to meet, your Financial Planning Summary will be our compass. It will show

  • Which goals you’ve crossed off your list

  • Which goals still need work

  • A Net Income Statement tracking your wealth

  • Tasks to complete in the coming quarter

Like almost everything in life, financial goals can change. As changes happen, we’ll make adjustments to your financial plan and Summary along the way whenever necessary. You’ll also have full-time access to me as your financial planner. If you ever have any questions you can contact me directly.

WHAT DOES IT COST?

Financial planning is offered at varying levels of service and price points. Fees below are shown as an Annual Planning Fee. Clients are allowed to divide this fee into monthly or quarterly payments.

Planning Service Levels.png

Note: Clients who would like more than the allotted meetings per year may schedule additional meetings at a discounted rate of $125 per hour.

Ready to Start?

If you'd like to get started or if you have questions, feel free to schedule a meeting with me.