To Build, Protect, and Preserve
TOTAL COMPREHENSIVE
FINANCIAL PLANNING
Before we have the right to give specific advice in a total comprehensive financial plan it is imperative to go through several phases.
Your plan may include only one or a combination of the following phases and objectives.
Before we have the right to give specific advice in a total comprehensive financial plan it is imperative to go through several phases.
Your plan may include only one or a combination of the following phases and objectives.
PHASE ONE is a discussion of short, medium and long term goals and a review of your existing documents.
PHASE TWO is a complete study of the investment and property management portfolio. This is an in-depth study utilizing the expertise of a stock broker, real estate consultant and pension consultant. We then determine the ramifications on the other portfolios with the advice of the other experts in the network.
PHASE THREE is the tax planning portfolio meeting. In this meeting the CPA and our tax planner go over the virtues of short, medium and long term tax planning.
PHASE FOUR is the retirement planning portfolio. In the case of pre-retirement the financial coordinators go over the ability to build a nest egg. However, with post retirement the financial coordinators go over how to maximize the income with the least amount of risk and pay the least amount of Federal Income Taxes.
PHASE FIVE is the estate planning portfolio meeting. This is where an attorney discusses powers of attorney for health care and assets, family limited partnerships, limited liability companies, and the use of revocable and irrevocable trusts.
PHASE SIX is the risk management portfolio meeting. With the foundation of the above meetings the client assesses their risk. This meeting usually stresses the areas of disability and reassesses their new objectives, risk tolerance and asset allocation of their investments.
PHASE SEVEN is a meeting where we discuss and implement the effective uses of insurance pertaining to a charitable remainder trust, life and/or any type of business insurance that the client might have an interest.
PHASE EIGHT is the interview where the client understands that their children and sometimes their grandchildren should do similar planning. This is where we encourage the children to come in and go through the entire planning scenario that their parents have done.