We are personally committed to helping each client plan and make good decisions through our financial planning process. A good retirement plan should give you a detailed, comprehensive snapshot of your current financial situation, a thorough modeling of where you want to be, and what actions you need to take to reach those goals. There are many moving parts to a good financial plan and, through the planning process, you should gain an understanding of how those things function and relate to one another.
Our process takes into account all of your goals and objectives and encompasses risk analysis, cash flow, retirement, estate planning, taxes, education, and income strategies to help bring you clarity and guidance. It is through our planning process that we can help you prepare for life’s expected and unexpected circumstances.
While your income, investments, and savings play a big part in crafting an effective plan, there are other things that impact your financial situation. Your plan should include a thoughtful account of the things you want to see protected. Protection planning involves looking at suitable insurance protections for life, businesses, disability income, and long-term care.
What Materials Should You Gather to Get Started on Your Financial Plan?
The rule of thumb is, anything you think might be relevant to your situation. Standard materials you should supply to your financial planner include:
- Current statements of your financial assets, including savings, checking, and brokerage accounts, 401(k), IRA, and pension statements.
- Current statements of your liabilities, typically loan statements, like mortgage, home equity, car, and student loan statements.
- Your income information, ideally, two recent paycheck stubs but, depending on your employment status, can also include specific tax return schedules and employee benefits handbooks, or business-ownership details.
- Your insurance policies, including life, disability, long-term care, medical, auto, and home.
- Your most recent tax documents, including W-2s and 1099s, your federal return, and any state or city returns.
- Estate documents like wills, trusts, titles and deeds, and health care directives.
We welcome the opportunity to learn more about your goals and discuss how we may be able to work together. To get started on your financial plan, please schedule a 15 minute phone call here: