What's In a Comprehensive Financial Plan

Are you on the right financial path? When will you be able to retire and what financial adjustments would be advisable for you to reach your goals? Our comprehensive financial plan reviews multiple aspects of your current finances and your financial goals. It is the cornerstone of everything we do.

With a comprehensive financial plan you will feel more confident about your financial decisions, know where you stand, and feel better about your progress in saving toward financial goals.

Our plans include:

  • Long-Term Spending

    • Lifetime cash flow projection, which includes income projections and tax estimates.

  • Education Funding

    • Tax-efficient, long-term strategies for paying for college education.

  • Investments

    • Assistance in preparing an investment policy statement.

    • Identification of time horizon for investments.

    • Recommendation of an asset allocation to match risk, time horizon, and other parameters.

  • Retirement

    • Review employment-related benefits, qualified plan contributions, and other tax-deferral arrangements. Recommend ways to maximize benefits.

    • Estimate Social Security benefits, and recommend Social Security start date and strategies.

    • Consider healthcare and long-term care in retirement.

  • Income Tax

    • Tax minimization and deferral strategies, including tax efficient investments and contributions to IRAs, qualified retirement plans, and college savings programs.

    • Planning for Alternative Minimum Tax.

  • Insurance

    • Analyze current insurance policies.

    • Recommend types and amounts of coverage for property & casualty, health, major medical, excess liability, disability, life insurance, and long-term care coverage.

  • Estate Planning

    • Recommendation of new or updated documents.

    • Analyze beneficiary designations and proper titling of assets.

    • Discuss desired gifting strategies.

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