Define personal financial goals
Clarify financial risks and opportunities
Organize your information and questions
Develop an effective, attainable financial plan
Coordinate plan implementation
Reduce unnecessary expenses
Gain peace of mind
Topics we may address with you include:
Asset Allocation and Investment Portfolio Review
- What exactly is asset allocation?
- What is the right allocation and how often should it change?
- Can accounts be consolidated for more efficient and cost-effective management?
- Is the level of risk in the portfolio consistent with the tolerance for loss of value?
- How have the investments performed versus the risk involved?
Cash Flow Planning and Management
- How much needs to be saved to fund retirement and other goals? Should savings be segregated by goal?
- Does current spending reflect current values?
- How much will college cost and how much should be saved? What impact does inflation have? How do investment returns impact the amount that needs to be saved?
- What type of investment vehicle should be used to save for college: 529 plan, parents’ accounts, life insurance, UTMA/UGMA? How do 529 plan accounts impact financial aid?
Estate Planning and Asset Titling
- Are the existing legal documents appropriate for the current situation? Are the fiduciaries identified and choices made still appropriate?
- What are the appropriate documents to protect family members after death? What is the difference between a will and a trust? Are both needed?
Investment Manager Selection
- What is the best way to evaluate different managers? Is investment performance always the first consideration?
- Does it make sense to work with one investment manager or multiple ones?
Multigenerational Planning and Communication
- Does a parent or loved one need assistance with identifying, organizing, and tracking financial accounts and insurance policies, but they are not comfortable sharing the information with family members?
- What are some practical ways to communicate more openly with children and grandchildren about earning, spending, saving, and donating?
Planning for Life Transitions
- Which financial decisions need to be made now and which ones can wait?
- Is there an optimal way to balance goals and dreams with concerns and fears?
Retirement and Social Security Planning
- What does retirement look like? Is paid employment required to cover expenses?
- When should planning for retirement begin?
- What are the implications of collecting Social Security prior to full retirement age? Does it make sense to delay benefits until age 70?
- If married, should both spouses follow the same Social Security claiming strategy?
- What type of life insurance (e.g., term, whole life, variable life, etc.) makes sense? Is the current type and amount of insurance owned appropriate for the situation?
- What is disability insurance? Is it needed? What is the difference between coverage provided through an employer versus a private policy?
- When is the right time to consider long-term care insurance? What are the most important considerations in purchasing a policy?
Special Needs Planning
- How does a child with special needs impact the family’s resources, now and in the future?
- What needs to be considered when implementing an estate plan?
- If government benefits will be desirable when the child turns 18, when should planning begin?
Stock Option/Restricted Stock Planning
- What is the difference between stock options and restricted stock?
- If one has both restricted stock and stock options, is there a rule of thumb regarding which to sell first?
- Are there any strategies, (e.g., employer-provided flexible spending accounts, health savings accounts, qualified retirement plan contributions, pre-paying mortgage payments, etc.) that could be utilized to reduce taxes?
- Based on current tax law, what do taxes look like during retirement? Can anything be done to reduce that tax burden?