Financial Planning
This is the process of gathering all financial documents for review. Meetings and/or conversations are held to understand your lifestyle and past financial choices, as well as current and future goals. An overall plan is developed in which all financial aspects are reviewed (cash flow, insurance, retirement, investments, taxes and estate documents). Observations are discussed and recommendations provided.
A review of your current income and expenses to understand your cash flow and where all the money goes at the end of the month. This entails providing various financial statements for review. A spending plan (or budget) is prepared with recommendations and follow-up upon implementation.
The retirement and investment review is one to consider if you are working at accumulating assets and desire to make sure your investments are on track to reach your goals without being too aggressive or too conservative. It also reviews an estimate of what you might need to have accumulated at retirement age as well as various savings goals.
The retirement and investment review is one to consider if you are working at accumulating assets and desire to make sure your investments are on track to reach your goals without being too aggressive or too conservative. It also reviews an estimate of what you might need to have accumulated at retirement age as well as various savings goals.
This process should be completed anywhere from ten to two years before retirement or before transitioning to a different lifestyle. Starting early will allow for the appropriate transition time needed based on your current situation. This service encompasses close to what the Financial Overview would provide but with more emphasis on cash flow, insurance, investments and retirement living expense needs.
This process should occur near the point at which you retire or transition into a different phase of work/life. Here, an analysis of what you need to live on each year going forward is calculated and compared to current cash flow. Recommendations as to when to begin Social Security, what pension option to take or where to draw your retirement money (paycheck) from each month are provided.
This process should occur near the point at which you retire or transition into a different phase of work/life. Here, an analysis of what you need to live on each year going forward is calculated and compared to current cash flow. Recommendations as to when to begin Social Security, what pension option to take or where to draw your retirement money (paycheck) from each month are provided.
This process should be completed anywhere from ten to two years before retirement or before transitioning to a different lifestyle. Starting early will allow for the appropriate transition time needed based on your current situation. This service encompasses close to what the Financial Overview would provide but with more emphasis on cash flow, insurance, investments and retirement living expense needs.
This process should occur near the point at which you retire or transition into a different phase of work/life. Here, an analysis of what you need to live on each year going forward is calculated and compared to current cash flow. Recommendations as to when to begin Social Security, what pension option to take or where to draw your retirement money (paycheck) from each month are provided.
This process should occur near the point at which you retire or transition into a different phase of work/life. Here, an analysis of what you need to live on each year going forward is calculated and compared to current cash flow. Recommendations as to when to begin Social Security, what pension option to take or where to draw your retirement money (paycheck) from each month are provided.
Insurance needs analysis will be completed, along with a review of current policies to determine other insurance needs (examples: life insurance, insurance through employer, disability). Your current property and casualty insurance will also be reviewed and recommendations given, if requested.
An investment review takes into consideration your current risk tolerance and age. Any current investments are analyzed to determine whether they match your risk and your future goals. Recommendations may be made for possible adjustments or additions. It is your choice whether you make any needed changes or hire Financial Avenues to make the changes for you.
Taking into account your current and future goals and your past two to three years’ tax forms, a tax review provides you with insight into considerations as to how to best utilize tax strategies for your benefit. Tax strategies are also incorporated in many of the other areas such as investments, savings goals and retirement income planning.
At the start of this process, we will help you ensure that the most important documents are in place: will, powers of attorney for financial and healthcare decisions, a living will and updated beneficiary information. Other items for review might be whether a trust is relevant for your situation and goals and/or if a plan for charitable giving is something you desire.
We begin this process by requesting the benefits enrollment information normally provided at the beginning of October. Sometimes benefits are needed that are not currently being utilized and other benefits are chosen when they are not needed. Recommendations on benefit options to fit your needs are then given.
This allows you the opportunity to get a second opinion if you are a “do-it-yourself” person who likes to make financial decisions on your own. You can also utilize our service if you already have an advisor and want to make sure he or she is advising in your best interest. In addition, we are available to review any financial situation or retirement plan to make sure you are currently receiving advice that benefits you.
