We understand how overwhelming the thought of retirement can be. We have developed our Three Step Process to help guide you on your journey to a worry-free retirement.
Benefits of Our Three Step Retirement Process
Objective Way to Make Financial Decisions
We always start by establishing your Income needs, your investment philosophy, and your available assets. We call this your Financial Baseline. Your Financial Baseline provides you with an object measuring gauge to assess the impact of future financial decisions. This tool allows you to answer the question “ If you make this decision, how will it impact your retirement?” And, “Is the decision worth the impact on your financial goals?”
Complete Integrated Financial Plan
We incorporate all your financial decisions with the same clarity and planning. If you were ready to make all these decisions today, you probably wouldn’t be looking for our assistance. We help by prioritizing and integrating all of your planning needs into your Financial Baseline. We do this in ways that are not overwhelming or confusing. Honestly, we think this stuff is fun.
Continuous Adjustments and Implementation
Our Worry-Free Retirement Process goes beyond a one-time event. No matter how thorough your initial financial planning is, it has to change and adapt as life changes. Health, family, tax laws, everything changes. Your plan needs to be flexible in dealing with these events. This reassessment needs to be integrated and implemented regularly for the rest of your life.
Step One: Establish Your Financial Baseline
If you are working with us, you’ve already gone through our Financial Baseline Process. The Financial Baseline Process is designed to provide you an objective decision-making tool that enables you to prioritize financial decisions quickly and accurately.
Your financial baseline is determined by a combination of three things:
- Your spending
- Your investment philosophy
- Your financial resources
Once you’ve established all three, you can determine your financial independence target. For some, that means retirement, for others, that may mean making more balanced decisions between work and life.
The first step is understanding your spending. What will your spending look like when you are living a comfortable retirement? As part of our ongoing services, we monitor your cash flow and provide you with the information you need to stay on top of your plan.
Next, we help you develop your investment philosophy. The best investments are the ones that get you to your goals, while allowing your to sleep t night and concentrate on the parts of life that bring you joy, not worrying about the latest financial news.
Last, we help you understand what your available investment assets can do for you. This step includes understanding how your assets will behave in the future and how much you can count on each asset for your income needs.
Once you have your Financial Baseline established, you can decide what the impact is to your financial independence of any financial decision that comes up in the future. Relocation? Extended trips? Helping out children and grandchildren? Charities?
Step Two: Integration
Odds are, you have other significant financial decisions that are weighing on your mind today. Integrating these pressing decisions along with current life events into your Financial Baseline is the next step in developing your personal Worry-Free Retirement Plan.
These decisions may include impending retirement, care of a loved one, an inheritance, significant change in employment, or any financial decision that keeps you up at night.
You also have recurring financial needs such as tax planning, investment contributions or distributions, long-term care, health insurance planning, charitable giving, etc., that need to be incorporated into your plan.
You let us know what your most pressing concerns are, we get them scheduled, decided, and implemented.
Step Three: Reassess & Implement Your Plan
At this point, you have a great base to move forward. Every year, we need to regularly reassess and implement your action items.
- Your best form of distribution for your retirement plan.
- Your current taxes integrated and weighed against your future taxes.
- Your Social Security plan optimized to your needs.
- Your health insurance and integration with Medicare.
- Protecting your life savings from the expenses of Long-term Care.
- As market conditions change, your plan for ensuring your income is still safe.
- Your investments remain at the risk level you decided on by rebalancing.
We help guide our clients to the best solutions to all of these questions every day. We would love to help you achieve a worry-free retirement.
Our Fee Structure
| Financial Planning & Investment Management | Up to $1M | 1.00% |
| $1M to $3M | 0.50% | |
| Above $3M | 0.25% |