For internal Skylight Financial Group use only. Not to be shown or distributed outside the firm.
Comprehensive Financial Planning: 6 Key Areas
Financial Position
Adequate Protection
Wealth Accumulation Strategies
Retirement Planning
Tax Reduction Strategies
Estate Planning
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