Services
I help you organize your financial life so that we can assess where you stand in relation to your goals. Using the account aggregation features of financial planning software Right Capital, you will be able to see your accounts in one view. This allows us to see what progress you are making and where we may need to make adjustments.
Organization and Consolidation
Asset allocation is the process of dividing your investment portfolio among different asset classes, such as stocks, bonds, and cash. The goal is to create a well-balanced and diversified portfolio tailored to your unique financial objectives, risk tolerance, and time horizon utilizing low-fee index mutual funds and/or exchange-traded funds (ETFs).
Asset Allocation
Pretty self-explanatory, right? I help you plan for a fulfilling retirement. We’ll cover when to claim Social Security, which account(s) to draw funds from and when, how your pension (if you have one) fits into your retirement income, how to plan for Medicare, how to plan for health insurance if you retire early, required minimum distributions, and so on.
Retirement Planning
Tax Planning
This is a big one. Nearly every financial move has a tax implication. As a result, my recommendations and guidance will take into account the tax consequences. The overall goal is to limit your annual tax liability using applicable planning strategies and current tax code. I work collaboratively with your tax preparer so that there are no surprises come tax time. (I am not credentialed to prepare tax returns, nor to give tax advice. That’s why communicating with your tax preparer is a must when working with me.)
A financial plan is useless without a good assessment of income and expenses. We’ll talk about the regular stuff, as well as those large expenses that come up every so often. We will spend a decent amount of time refining these numbers so that we can feel confident that the results are accurate. If sloppy numbers are put in, then we will get sloppy results.
Cash Flow
Ahhhhhh, insurance…that thing you need when bad things happen. We’ll review your needs for life, disability, and long-term care insurance. Got a current policy that you have questions about? I can help with those. We’ll also examine your home, auto, and umbrella insurance needs. (I don’t sell any kind of insurance. I only review policies to ensure they meet your needs. I can work with your agent to make any needed updates.)
Insurance
Got little ones you hope go to college some day? I can help plan for that. If you have an estate plan, I can review it to ensure it reflects your intentions. If you don’t have one, well, we need to get you set up with an attorney to get one. Trust me, your loved ones will appreciate you having a plan set up.
Employee benefits, debt management, just some of the other services we can address.
Other Stuff
Fees
My fees are simple.
Everyone starts with a financial plan that includes some or all of the services listed above. Cost: $2,000 to $6,000 depending on how complex your financial situation is. This process will give you everything you need to get set up and running. After that, my hourly rate is $300.