Financial Strategy & Goals-Based Planning

Seek to building a solid foundation using goals-based, financial planning that is on-going and accessible so we can focus together on meeting and exceeding important milestones, regardless of market conditions and performance.

• Develop, implement and monitor all financial goals
• Calculate net worth and review cash flow annually
• Conduct annual planning evaluations and tracking of goals
• Provide proactive follow-up on action items
• Provide advice on healthy financial behavior, e.g. wants vs. needs

• Evaluate pension plan structures, IRA’s, Roth IRA’s or qualified plans
• Analyze distribution options for pensions
• Calculate retirement plan benefits, including Social Security
• Calculate IRS Required Minimum Distributions (RMD’s) and educate on regulations
• Provide Roth IRA conversion calculations and advice
• Educate on how the timing of retirement will affect retirement lifestyle
• Review and update goals, objectives and priorities to analyze the impact of these changes on overall financial situation
• Update financial projections to monitor the effect of stock and bond markets, changes to cash flow needs, risk tolerance and other variables
• Analyze the effects of inflation on financial goals
• Provide stress test analysis of portfolio, i.e. Risk Tolerance
• Provide Social Security analysis and optimization

• Evaluation of the various vehicles for educational savings and selection based on individual needs
• Monitor age of student(s) to ensure proper allocation based on risk tolerance and time horizon
• Provide guidance and advice on financial aid and scholarship funding
• Monitor state and federal tax laws for changes to education benefits, contributions, credits and deductions

• Gather and analyze information to create household balance sheet
• Analyze debt structure and organization; assess lending opportunities
• Evaluate mortgage financing, the economic benefits of refinancing, semi-monthly payment programs, accelerated payment programs and PMI reduction strategies
• Calculate net worth
• Monitor net worth to ensure the financial plan is working to preserve and grow assets
• Help prioritize spending and prepare for potential pitfalls
• Look for opportunities for additional savings

• Provide advice to maximize employee benefits
• Annual analysis of employee benefits
• Provide stock option strategies
• Provide advice on employee stock purchases as a part of overall investment strategy
• Monitor contributions to retirement plans

• Provide information about tax-planning strategies
• Work in symphony with CPA to enhance tax efficiencies in overall financial plan
• Assist CPA with gathering data
• Simplify tax reporting
• Discuss tax benefits of optimizing 401(k), 403(b) or other retirement plan options
• Provide information on the benefits of section 125 plans and health-savings accounts
• Help reduce taxation of Social Security benefits
• Provide advice on possible benefits of Roth conversions
• Monitor tax law changes and the impact on overall situation
• Establish and track cost basis on taxable accounts
• Provide advice on retirement plan distributions prior to age 59 ½
• Provide advice on Required Minimum Distributions (RMD’s) after age 70 ½