Creating Financial Freedom!

Personal financial planning is a continuous and evolving process.  Planning must be flexible enough to move with life changes and also reliable enough to plan for.  Our approach to personal financial planning involves the following:

Preparation of a Personal Financial Statement:  Financial statements are not limited to just the business world.  As the CEO/CFO of your own household, you should have a comprehensive personal financial statement in enough detail to enable you to establish your net worth at any given moment.  As in business, your financial statement should be updated at least annually or more frequently if there are enough recent changes in your life.  When charting a course for future planning, it is impossible to know where you are going without knowing your starting point.  We offer a template and a model for you to complete in order to assess where you are today.

Once we know your position we can then assess your needs and begin to develop solutions in all areas of your life.  We can help you:

  • Save enough for a comfortable retirement by identifying your retirement needs, analyzing your assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.
  • Pay for your child’s college education by accurately estimating the amount of money you’ll need, analyzing your assets, reviewing estimated shortfalls and considering general alternatives and strategies to help address these potential shortfalls, and developing an optimal savings plan given your financial situation and risk tolerance.
  • Provide “What If” Modeling for Life Events:  What if I downsize my home?  What is the impact?  What if I change jobs and accept a lower pay in exchange for added freedom?  Is it worth it for me to contribute to a 401(k) plan?  What is the return on investment of a rental property I am considering?  Will it Cash flow? I want to buy a business?  Is it priced OK?   I am contemplating divorce, what happens?  What if?  What if?  What if?  Contact our office in order to discuss the financial and tax implications of any scenario you may be facing.
  • Leave a legacy for your heirs by maximizing the value of your estate by saving tax dollars, professional fees, and court costs. As well as minimizing the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate. We also help you stay in control of your affairs by providing a road map for passing your estate on to your heirs.