Six Steps to Create Financial Freedom!

Financial Planning and building and preserving your personal wealth requires specialized attention. We take a Step-by-Step approach to help you create a financial plan and roadmap that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.

Begin by Having a Conversation

Our process begins by having a conversation to discuss your financial concerns, hopes and objectives. During this discussion we can identify which of our services can best assist you in resolving your financial concerns. Our Finanical Planning Process normally consists of a series of modules that allows us to take a step-by-step approach to helping you begin a process of achieving personal financial freedom!

Step 1 - Benchmark Your Current Financial Reality

This is the first step in making a plan to achieve your financial goals. Quite simply, we answer the question of Where are we now? We will establish your current net worth so you can use this as a reference and starting point we can use to monitor and track your progress as you implement the plan and begin to grow your wealth. We will also assist you with a spending plan to determine if there are ways to reduce your taxes, or direct more resources to achieving your goals. Finally we will help you review and address the risks you face that could sabotage the success of your financial plan. 

• Determine your Net Worth
• Review your Spending Profile
• Review your Risk Management Plans 

Step 2 - Establish Your Goals 

Once we have a benchmark of your current financial reality and know where you are now, we can begin to discuss your goals and objectives. This is where we help you determine and quantify your goals. Many people wish to determine how best to 

• Eliminate Debt
• Establish an Emergency Fund
• Protect Your Assets
• Save for a Comfortable Retirement
• Save for College Education
• Leave a Legacy for your Heirs

Step 3 – Develop a Plan to Achieve Your Goals

Protect your family in case of you become unemployed or disabled by ensuring you have enough money in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can't manage them yourself.

Retire We will help you determine how much you have to Save enough for a comfortable retirement by

• identifying your retirement needs,
• analyzing your assets and sources of retirement income,
• reviewing estimated shortfalls, and
• identifying the best ways to save for retirement given your financial situation and risk tolerance.

Educate We can help you decide how to pay for your child's college education by

• accurately estimating the amount of money you'll need,
• analyzing your assets,
• reviewing estimated shortfalls and
• considering general alternatives and strategies to help address these potential shortfalls, and
• developing an optimal savings plan given your financial situation and risk tolerance.

Save We will review your tax returns to see how you can reduce your taxes. We will review your investments to see if we can show you how to reduce the fees you are paying to help increase your investment returns.

Invest Achieve your investment goals by identifying the steps needed to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.

Legacy Leave a legacy for your heirs by maximizing the value of your estate by saving tax dollars, professional fees, and court costs. As well as minimizing the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate. We also help you stay in control of your affairs by providing a road map for passing your estate on to your heirs.

Step 4 – Implement Your Financial Plan

So you have a plan, now you have to take action to implement the recommendations to put your plan to work. We can assist you in implementing the plan so you follow through on your commitment to achieving a secure financial future.

Step 5 – Monitor Your Plan

Once you have a plan in place, it is important to monitor the plan and review it from time to time as life changes and unexpected events may affect the initial plans you made. You may have a change of heart, and the goals you originally established may not be as important to you as they once may have been. Most importantly you may have to eliminate your goals and have to establish new ones as you find you have achieved the goals you previously established!