Financial Planning

What is retirement planning?

The Financial Planning Process

Financial planning is the process of meeting your life goals through the proper management of your finances. It includes elements of protection, wealth creation, planning for contingencies and emergencies, as well as planning for specific milestones in life.

As a result of that process, you will have a written financial plan that will be a blueprint for achieving your financial goals and objectives. It will also provide insights on how to balance your lifestyle with the goals and objectives that are important to you.  A comprehensive plan should be designed to sustain you through market volatility and it should account for unplanned risks. Most importantly, your financial plan should be flexible, adaptable, and comfortable to implement. 

You have our commitment to continue to work with you to review and monitor your plan and the strategies that we have implemented to make sure they continue to benefit you over the near and long-term.

Financial Planning - Frequently Asked Questions

  • What is comprehensive financial planning?
    This level of service includes a comprehensive look at all of the financial areas that may impact your life, both now and in the future. It includes goal planning, budgeting, investment planning, insurance planning, tax planning, estate planning and wealth transfer strategies.
  • Can financial plans be crafted to address specific issues?
    Yes. This level of service involves putting together a financial analysis and plan for the one specific issue or goal that you feel is most important to you right now. Specific issue planning involves examining a unique financial issue or objective and is not concerned with how this objective is impacted or will impact other areas of your financial situation.
  • What are some examples of the components of a financial plan?

    For most clients, the financial planning process is suitable to address all of their financial planning needs. Our goal is to help you make informed decisions about other aspects of your financial life such as:

    • Managing your cash flow and growth in net worth;
    • Saving for specific purposes like education, building a vacation home or other major purchase goal;
    • Making sure that you are using all of the income tax saving alternatives available;
    • Analyzing your retirement needs and required funding levels and the probability of them providing you with your desired lifestyle for as long as you need it to;
    • Assuring that you are using the right risk management strategies to manage potential risks like losing your property, your life, your health or your ability to work; and finally,
    • Making sure that when you are done using your assets, that they are distributed to your heirs in the most cost effective and tax efficient manner possible.

Planning is everything...

The financial planning process is designed to help you make informed decisions to achieve important financial goals and investment objectives in the most effective manner possible.  Whether we are working towards planning for a specific issue or developing a comprehensive financial plan, the process is designed to be flexible, adaptable, and most importantly, comfortable for you to implement. We look forward to the opportunity to help you  align your financial goals, objectives, and priorities.

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