Financial Planning Process
Evaluate
The first step of our financial planning process is evaluating what you currently have as far as investments and other retirement assets. We ask you to bring in your latest statements and we will start the plan development from there.
Goals
Your goals are our #1 priority. After we evaluate your current financial portfolio, we will discuss what your financial goals are. We try to help you plan for your future financial dreams and the things in life that you want to do. Consider the following questions:
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1. What is one thing you have always wanted to do? (Financially, life event, vacation, etc.)
2. What are two things that you would love to accomplish? (Financial, life event, etc.)
Capitalize
After evaluating your current assets and establishing your goals, we want to make sure you are getting the most out of your investments. We will recommend suggestions to your current portfolio whether it would be changing your employer 401(k) contribution options or re-evaluating your employer investment portfolio. This will all be determined on your goals and where your investments are held.
Prepare
Preparing for emergencies and budgeting is a necessity in every financial plan. This is the step that is often overlooked. We make sure to include these emergencies and budgeting necessities in our checklist that is customized to you and your family’s needs, current health and hereditary health, current financial situation, etc.
Invest
In this step, Robin’s knowledge and experience is very influential to your portfolio- this is her cup of tea! Robin looks at every aspect of your investments and will make recommendations and suggestions in your investment portfolio as you near retirement and beyond.
Retirement
When all is said and done, this is the fun and exciting part! When stepping your first day into retirement, we want you to be relaxed and comfortable. Not worrying about what you are going to do in retirement or if you will have enough retirement income assets. That is part of the goals and preparation of our financial planning process, we are determined to help keep you comfortable and confident in your retirement for the rest of your life.
Estate
Estate planning is a very important part of the financial planning process. This is where we will partner with your attorney and tax planner to develop an estate inheritance plan to determine how your assets are handled and distributed when you pass. In estate planning you get to list and assign your financial assets, house, belongings, gifts, etc., to your family members or even an organization.