Purpose of a Financial Plan
The financial plan is your roadmap. It provides structure and clarity for your current situation, future goals and how we will get there. Your plan is an essential foundation to making wise financial decisions. It is the first action item of engagement –
I cannot provide good advice without a good plan.
The plan considers every important financial decision you may be faced with in the future. Some of the topics include:
- Current Income/Expenses
- Short & Long-Term Goals
- Risk Management
- Investment Planning
- Income Tax Planning
- Education Planning
- Retirement Planning
- Desired Legacy
Financial Planning Process
Creating a financial plan may require several meetings and/or emails as we collect information and ask questions to ensure we understand your situation, goals and any constraints. As we design the plan, we may contact you for further clarification and/or your input. Once the plan is complete, we review it with you, ensure all is well, and make recommendations for putting the plan into action.
A financial plan is not etched in stone! Situations change, life changes and markets change. A plan should have built in flexibility for change. Consistent monitoring and occasional adjustments are essential for a plan to be effective. A review of your situation and plan will be a central feature of all reviews we will have with you.