Financial Life Planning
It is common for people to think of a financial plan designed around getting to and through their retirement. However imbetween one's working years and retirement “LIFE” happens. Major life events such as marriage, home purchase, children, career changes and income increases or decreases all have an impact. As such, a financial plan should really be associated with a person’s “Life Plan”. Of course, life isn’t always easy to plan for. This is why we need to use some common assumptions when we build a plan. That plan must then be flexible for some of the changes life will bring.
As a Financial Life Management firm, we are life planners. We strive to add value to the overall financial health and well-being of our Clients and their families. We do this by serving as the primary point of contact. We help to ensure Clients’ financial decisions are well-integrated with their lifestyle decisions. This also helps us to keep our Clients on track.
Your Life Plan In Action
Our Planning Approach is to create a financial plan that is flexible and can adapt to your changing circumstances and priorities.
- A life plan is a plan around your life, not just retirement or investments
- It assumes your life will experience change. It assumes a need to pivot is likely
- With your life plan your Advisor is your navigator, but you are the driver
Our approach also incorporates behavioral finance and financial psychology. We look at both what you do with money and how you feel about it. This financial planning process allows your Advisor to really get to know you. It allows them to have a deeper understanding of who you are. Both your life goals and your overall needs are considered. Your Advisor really gets to know you as an individual. Now your Advisor is able to build a more complete Financial Life Plan for you. As we understand your unique needs we can develop a plan just for you. You and your Advisor are able to work together putting your plan into action. Your trusted advisor is there with you as you go.
As we analyze your financial status we will be looking carefully at many different things. We will first take note of your assets, liabilities and cash flow. We will also need to take into account your insurance coverage and current tax strategies. Finally we need to consider your investments. All of this allows us to gain a clear picture of your financial health. With this in mind we now take note of your risk tolerance, values and goals. Your personal money scripts(R), your beliefs about money, will also play an important role. Taking all of this together we will provide you with your Personalized Financial Life Plan. We will also make tailored Investment Recommendations.
If you need help with your Financial Life Plan or Investment Management we are here for you. Please call us to schedule an appointment. We want to learn about you, answer your questions and share how we can help.