PERSONAL FINANCIAL PLANNING

What is Personal Financial Planning?

It is simply a road map to guide you from where you are to where you want to be financially. There are 5 steps in the process:

1. Gathering information and preparation of statements of your current financial position.
2. Identifying objectives.
3. Analyzing the present position and consideration of alternatives.
4. Development and implementation of the plan.
5. Periodic reviews and revisions.

A comprehensive financial typically includes:

1. Net worth statement
2. Cash flow statement
3. Federal and state income tax projections
4. Investment advice and planning
5. Disability and life insurance needs analysis
6. Retirement needs analysis
7. Educational funding analysis
8. Estate planning analysis and calculation

 

Who needs Personal Financial Planning?

Today, everyone needs to plan for a secure financial future. Financial management grows increasingly more complex due to changing tax laws; volatile interest rates; a variety of new insurance programs and diverse investment opportunities. To achieve financial security you cannot proceed without a common sense Personal Financial Plan. The Plan positions you to preserve more of your income, minimize your tax burden, and direct your energies and resources toward the achievement of your specific financial goals.

 

Why Plan?

So much time is spent fulfilling career goals and earning a living, we rarely allocate the appropriate time to preparing for the future--with a definite plan. Those individuals who do not plan can be assured that they will pay more income taxes than necessary, more estate taxes, and possibly will have to forfeit their financial objectives. Therefore the time to plan is NOW!

Planning now enhances your chances of achieving financial independence. Planning now will give you peace of mind because you have defined your goals and know that you can reach them.

 

A Strategic Alliance

Over the past several years, you may have noticed a distinct change in our business - and in your needs and demands. Our clients are looking for more comprehensive professional services to meet all of their personal and financial needs.

It is imperative to provide a coordinated financial team that works for the same goal for our clients, a secure financial future.

Accordingly, we teamed up, as Professional Partners, with Chris and Theresa Waddell of the Waddell Group, an Independent Firm, (waddellgroup.net), and offering services through Raymond James Financial Services, Inc., (raymondjames.com). Please visit their websites.

As independent advisors, Chris and Theresa work with our clients and their extended families. Their multi generational focus and in-depth understanding of personal values allows them to bring comprehensive and creative solutions to you.

Just like with a physician or an attorney, your relationship with your financial advisor is a delicate one, based on professionalism and trust. Chris and Theresa value the trust that our clients place on their abilities.

What makes them different? They are independent - and that means objective - when helping you select the appropriate investment and insurance solutions for your needs.

As a Professional Partner, we refer clients to Chris and Theresa for investment advisory services and share in the fees received by them. The fees charged to you are the same regardless of whether a Professional Partner is used or not.