Areas of Financial Planning

Financial Position

  • Cash reserve strategies
  • Debt management
  • Cash flow management
  • Net worth
  • Discretionary income
  • Expected large inflow/outflow

Investment Planning

  • Asset allocation
  • Education planning
  • Lump-sum accumulation
  • Ongoing investment fees
  • Risk tolerance
  • Tax implications
  • Cost basis
  • Diversification strategies
  • Dollar-cost averaging

Tax Planning

  • Tax reduction
  • Tax deferral
  • Tax avoidance
  • Future taxes due
  • Withholding
  • Tax diversification
  • Qualified investments
  • Non-qualified investments
  • Effects of liquidation

Retirement Planning

  • Minimum distributions
  • Pre-59 1⁄2 strategies
  • 401Ks
  • IRA’s
  • Medicare/ Medigap
  • Social security
  • Roth conversions
  • Income streams
  • Health care
  • Tax transitions
  • Risk tolerance transition

Business Planning

  • Group benefits
  • Voluntary benefits
  • Company sponsored retirement plans
  • Succession planning
  • Keyman insurance
  • Employee transition

Protection Planning

  • Disability options
  • Long-term care – timing/premium/coverage
  • Umbrella liability
  • Life insurance
  • Medical/Health
  • Property & casualty
  • Beneficiary designations
  • Special needs situations
  • Alternate/additional coverage strategies

Estate Planning

  • Estate balancing
  • Capital transfer
  • Asset ownership
  • Trusts
  • Wills
  • Trust funding
  • IRD
  • Special needs dependents
  • Minor children
  • Generation skipping
  • Short-term life expectancies
  • Estate liquidity