Comprehensive Financial Planning: 6 Key Areas

Financial Position

  • Know your current net worth

  • Track your current income & expenses

  • Manage your debt

  • Project your current net worth income & expenses

Adequate Protection

  • Help provide for survivors in case of premature death

  • Help protect a portion of income lost if disabled

  • Help protect your ability to meet your accumulation goals

  • Help protect your ability to pay off outstanding debt

Wealth Accumulation Strategies

  • Create & maintain adequate cash reserve strategies

  • Provide for education expenses

  • Buy  a house or vacation home

  • Review your investment portfolio

Retirement Planning

  • Help ensure adequate retirement income

  • Government benefits

  • Employee benefit plans

  • Personal savings & investments

Tax Reduction Strategies

  • Help Minimize federal & state income taxes

  • Help protect against future income tax liabilities

  • Help develop long term tax reduction strategies

Estate Planning

  • Determine Exposures to estate & inheritance taxes

  • Outline appropriate estate planning vehicles