Hourly Financial Planning
Good financial planning is the first step towards
financial security. During the initial meeting we will discuss
your financial goals and concerns and determine how we can best
meet your needs. We will then recommend the financial planning
services that will help you achieve your financial goals.
Comprehensive Financial Plan
A comprehensive financial plan may include the
selecting and defining of goals, a net worth and cash flow statement,
analysis of insurance needs, education and retirement funding
projections, tax and estate planning recommendations. We will
identify the comprehensive services that would best meet your
needs and quote you a fee for your plan.
Asset Allocation Plan
If you select and manage your own investments,
you may benefit from an asset allocation plan. Your current
assets will be reviewed in light of your goals, time horizon,
risk tolerance, investment returns, interest rates, and inflation.
Each of your investments will be identified by asset class and
the overall long-term return and risk of your portfolio will
be estimated. Recommendations will be made on how your portfolio
could be repositioned within asset classes to reduce your risk
and improve your returns. Projections of the portfolio’s
growth against your goals may also be included.
Retirement Plan
We will visit with you regarding your goals for
retirement and prepare a plan based on your current investments,
new contributions, rates of return, inflation, social security,
pensions, on-going expenses in retirement, and occasional or
unusual expenses or income in retirement years. The projections
are prepared so that you can do a series of “what if’s”
and immediately see changes to your retirement plan. You will
receive both graphical and detailed numerical reports of the
projections.
Insurance Needs Analysis and Policy Recommendations
We will discuss what you and your family will
need in the event you were to die prematurely, become disabled,
or need long-term care. We will then analyze whether you have
the right amount of life insurance, disability insurance, and
long-term care insurance. Your current insurance policies will
be reviewed and evaluated.
Estate Planning
We will review your existing estate documents
and discuss basic estate planning ideas with you in preparation
for your visit to an estate planning attorney. If appropriate
we will also provide you with advanced estate planning recommendations
such as trusts and charitable gifting techniques to reduce your
federal estate taxes. We will work closely with your attorney
in preparing a comprehensive estate plan.
Annual Review
Our firm believes that financial planning is
an on-going process. We request that clients meet with us at
least annually to review and update their financial plans.
Fees
Financial planning is billed at an hourly rate.
The fees vary depending on the complexity of your situation
and we will be happy to quote you a fee range.
