Planning Process

STEP #1 - IDENTIFY YOUR NEEDS AND OBJECTIVES

Every journey begins with a starting point and a destination: what are you looking to accomplish?

Current and potential future income

Current and future needs and obligations

Current and future educational expenses

Retirement target dates and funding status

Other circumstances unique to you

STEP #2 - GATHER INFORMATION

I will work with you to understand the details of your financial picture, and may confer with your accountant, attorney, or other advisors for additional information.

Savings and investment account statements

Bank and credit card statements

Mortgage statements

Life and insurance documents

Pension plan and IRA statements

Estate plans and wills

Other assets/liabilities unique to you

STEP #3 - ANALYSIS

Drawing on the above documentation, I will analyze:

Total assets and future asset flows

Current liabilities and debts

Current savings

Future financial obligations vs. future assets

Retirement goals and plans vs. retirement savings

STEP #4 - DEVELOP THE PLAN

After my analysis and in light of your objectives and obligations, I will develop a master financial plan designed to help you pursue your goals. The plan may be developed in partnership with your accountant or attorney, and will usually include:

Debt management and reduction

Tax management and possible reduction

Insurance coverage

Saving and investing

Education and other special goals

Charitable giving

Legacy planning

 

 

STEP #5 - IMPLEMENT THE PLAN

Once the plan has been written, reviewed and adopted, I will work with you to implement it.

 

 

STEP #6 - REVIEW PROGRESS

To ensure your ongoing financial well-being, I will regularly review and monitor your plan, ensuring it keeps pace with any changes in your life. If a change is warranted, we will use the six-step process to determine the optimal course of action.

To keep you updated on the progress of your plan, I will communicate regularly through:

Quarterly updates on investments, savings, and education and retirement funds

Annual meetings to review your current financial situation and plan

Updates as needed to your accountant, attorney and other professional advisors