Personal financial and retirement planning is a process of making decisions about all areas of your financial life.
The process begins with gathering an inventory of your personal financial information and analyzing your current situation. A written financial plan is designed to achieve your stated financial and retirement goals and objectives and presented to you. We will discuss your plan, agree on a course of action together, and assist you in implementing your plan.
Our process involves six basic steps
Step One: Get to Know Each Other – During our first meeting we will focus on getting acquainted with each other. At this meeting we will:
- Interview one another to make sure we are a good “fit” for each other
- Discuss your goals, dreams, desires, and expectations, what you want to accomplish
- Determine the services needed to help you achieve your objectives
- Outline the fees associated with those services including length of time and cost
- Define each of our responsibilities in this planning process, if we move forward
- Answer questions you may have
There is no cost to you for this meeting and no obligation of any kind following this meeting. The purpose of this meeting is to meet each other and determine if we desire to go forward with our relationship.
Step Two: Define Your Goals and Gather Data I will help you identify and define your personal financial goals and gather your financial data – Income, Spending, Assets, Liabilities, Income tax, etc.
Step Three: Analyze and Evaluate I will review and analyze your information, determine your current financial status in relation to your goals, and identify your strengths and risks .
Step Four: Prepare and Present Your Financial Plan I will prepare and present a plan for you that includes strategies and actions that will place on you on the road to achieving your goals and objectives. Together, we will discuss and explore these options, answer any questions you may have, and help you choose the best course of action for you.
Step Five: Implement Your Plan You may choose to implement plan recommendations on your own, or continue working together with us to assist you in the implementation of your plan.
Step Six: Monitor and Track Your Progress A successful plan requires regular monitoring. Should you choose to continue your relationship with us, we will continue to monitor and review your plan’s objectives annually or more often if needed.