Financial Planning, for individuals and familiesBecause we believe advice is more important than products, we charge a flat fee for our comprehensive financial planning process designed to add massive efficiency and value to help you achieve your goals, faster.
Financial Position
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Insurance & Risk Management
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Financial Planning Process
1st Quarter: Financial Position & Annual Objectives Meeting
Goals and Objectives
- Discuss new year goals and objectives
- Reflect on previous years’ accomplishments
- Review and update consolidated statement and balance sheet
- Schedule meeting/call with CPA/bookkeeper
- Complete prior-year retirement contributions
- Review capital gains reporting summary
2nd Quarter: Investment Planning and Asset Management
Financial Position
- Review current cash flow and balance sheet
- Reinforce negative effects of high consumer debt interest rates
- Emphasize the importance of a fully-funded emergency fund
- Highlight changes to tax law
- Review tax return
- Plans for refund or needed changes to withholding percentage
- Discuss current market conditions and projections
- Review investment accounts performance
- Discuss asset allocation and asset location strategies
- Accounts held inside and outside of our firm
- Discuss clients desired rate of return
- Complete new RTQ
- Review contribution strategy
- Recommend adjustments based on changes to risk and time horizon
- Discuss savings goals and objectives
- Discuss the current contribution amount
3rd Quarter: Protection Planning
Employee Benefits
- Review employee benefits offering Discuss 401(k) allocation, contribution percentage, and performance
- Review benefits of Roth 401(k) option
- Recommend adjustments to 401(k)
- Review stock options, RSUs, and vesting schedules
- Discuss deferred compensation and profit-sharing
- Discuss medical insurance planning
- HSA vs FSA
- Review purpose of life/DI/LTC insurance
- Review all insurance policies summary
- Discuss changes in coverage need
- Consider supplemental Life and DI coverage
- Review home/auto and umbrella policies for adequate coverages, limits, and deductibles
- Review necessary documents: Living Will, Power of Attorney, Power of Healthcare, and Last Will & Testament
- Discuss potential changes to an estate plan
- Discuss special needs planning if applicable
- Review all beneficiary designations
4th Quarter: Tax Planning
Tax Planning
- Highlight tax law changes
- Discuss plans for tax refund
- Retirement Contributions
- Confirm total retirement account contributions
- Consider back-door Roth contributions or Roth conversions
- HSA Contributions
- Gifting Strategies
- Discuss child investment accounts or strategies
- Finalize charitable gifting amount and strategies
- Consider harvesting capital losses and gains in non-qualified models
- Retirement Distributions/Conversions
- Discuss overall strategy and timing
- “Filling up your tax brackets”
- Widows Tax
- Medicare Premium Cliff Bracket
- Consider taking more out to reduce tax impact later
- Consider selling highly appreciated stock in low-income years
- Discuss Roth Conversions
- Consider QCDs (Qualified Charitable Distributions) for RMDs
- Consider moving RMD to a non-qualified account
- Discuss overall strategy and timing
Business Consulting
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Tax Planning
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* Neither our company nor any of its employees or agents are authorized to give legal or tax advice. Consult your own personal attorney, legal, or tax counsel for advice on specific legal and tax matters.
Intentional Business Planning Process
1. Initial analysis to find inefficiencies and compare to industry benchmarks
2. Cash flow and balance sheet management. Observe for over leverage in debt or need for new debt. Begin monthly KPI dashboard.
3. Review ownership structure and owner retirement planning. Exit planning, funding buy/sell agreements, COLI, DI vs UI, employee benefits tie-in.
4. Risk management program review. General liability insurance, business asset insurances, policy premium shopping, Liability limit review trade off.
5. Tax strategy analysis and implementation.
6. Draft business financial plan document overviewing the above.
7. Seven Steps Annual Business Planning at turn of year.
Invest wisely to grow your moneyOne crucial step to investing is in proper setup of the account to avoid serious tax and estate consequences. Our clients are confident in their ability to grow their investments knowing it is done correctly from the start. We sought to partner with some of the best asset managers in the industry to provide the best client experience and flexibility to match our planning process.
Retirement Accounts
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Other Accounts
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