The financial planning process involves gathering client data, analyzing and evaluating the client’s financial status, and developing and presenting recommendations and/or alternatives. We recommend periodic reviews of a plan to incorporate new information as well as changes in the client’s life. The true success of a plan is the implementation of the financial planning recommendations and the client achieving their goals.
A comprehensive plan reviews all aspects of a client’s financial life and includes the following sections:
Goals and Objectives — what you want to accomplish financially in your life.
Values — what is important to you and how you want to live your life.
Analysis of the following topics —
- Cash Flow
- Income Taxes
- Retirement Plans
- Estate Plans
Retirement Projections — development of several scenarios which project assets as well as cash flow over a number of years.
Recommendations — suggested changes within each topic that we feel will help you accomplish your goals and objectives within your stated values.
The preparation of a financial plan is the first step for the client in organizing their finances and developing a “roadmap” toward financial security. We are here to help you implement and monitor the financial plan that you determine will best suit your needs.