3. Evaluate Financial Status
Once we have the necessary data in front of us, we’ll assesses your current situation and determine what steps must be taken to move forward with a financial plan. Depending on your needs, this assessment could include analyzing assets, liabilities, current cash flow, future cash flow, insurance coverages, tax strategies, and investment allocations.
4. Develop Proactive Plan
Once goals and resources have been defined and analyzed, you will have a clearer picture as to whether your plan will take you where you want to go. Perhaps you need to increase your savings rate per month, adjust your asset allocation, or take another course of action. Whatever is chosen, we’ll educate you along the way, making recommendations as needed. Our goal is to help you thoroughly understand your plan and the risks involved.
5. Implement Planning Strategies
After developing a proactive plan, we’ll agree on how to proceed – you may wish to carry out implementation or have us to implement the plan for you. Our partnership allows us to help you achieve the best life possible.
6. Monitor and Continually Adjust
Lastly, we’ll monitor and continually adjust the plan. A financial plan will evolve over time and change according to life events. Marriages, divorces, career changes, children, tax law changes, inflation, stock market fluctuations, recessions and more all require newer perspectives on how best to manage your finances in keeping with your goals.
