Depending on the complexity of your individual situation, your personalized financial plan will include some or all of the following:
CASH FLOW
• Budgeting and cash flow analysis
• Cash flow projections
• Spending plans
• Debt reduction strategies
• Scenario analysis (moving to a larger home, staying home with a new baby, working part-time, starting a new job or business)
• Financial goals planning (i.e., college funding, retirement saving, home down payment)
NET WORTH
• Current net worth statement
• Net worth analysis
• Net worth projections based on various financial strategies
• Net worth yearly goals
INVESTMENTS
• Asset allocation and portfolio construction
• Portfolio review and re-balancing
• Specific investment advice (purchases, sales)
• Account specific advice (rollovers, consolidation)
• Education planning and funding
• Objective review of third party money managers
RISK MANAGEMENT
• Life and health insurance needs analysis; amount and type of insurance
• Disability, long term care and health insurance recommendations
• Current property and casualty insurance policy review (auto, homeowner’s, umbrella)
• Health insurance needs analysis for small businesses, including
• Health Savings Accounts (HSAs)
• Employee benefits analysis
TAX PLANNING
• Tax planning and projections
• Tax implications of various financial decisions (i.e. home buying, income changes, capital gains)
• Tax reduction strategies
RETIREMENT PLANNING
• Income and cash flow needs analysis
• Retirement projections and scenario analysis
• How much to save; what accounts to fund
• How to take distributions from qualified retirement accounts
ESTATE PLANNING
• Recommendations on estate planning documentation needed
• Wills/trusts review
• Tax minimization
• Asset accumulation and distribution
• Inheritance and legacy planning
SPECIAL PROJECTS
• Rental real estate
• Stock option planning
• Other projects as requested