Financial Planning

Ongoing financial planning services and reviews are included for clients with ongoing assets under management.

Financial plans and financial planning may include, but are not limited to: investment planning; life insurance; tax concerns; retirement planning; college planning; and debt/credit planning.

For those seeking financial planning only services, comprehensive plans are based on hourly fees and are assessed during a complimentary consultation with each client.

Five essential steps to a successful and sound financial plan:

  1. Gather Information and Identify Investment Goals
  2. Determine Risk Tolerance and Time Horizon
  3. Review and Implement a Customized Comprehensive Financial Plan.
  4. Monitor Portfolio
  5. Annual Portfolio Review and Rebalance. 

No comprehensive financial plan would be complete without “What If” scenarios, since our lives don’t always follow the path we originally charted.  Amy will help clients discover how life events, such as a need for long-term care, disability, or the premature death of a spouse, could affect their plans. In addition, further “What If” scenarios like high inflation or major market declines can be tested for their impact on the plan.  The result?  While no one possesses a crystal ball, together we can plan for nearly any hurdle you may face in the future.

After identifying all their Goals, we gathered information about the resources they will use to fund their Goals (including current investments, savings, and retirement income) and then had a conversation with John and Ann about their loss tolerance (they’re fairly conservative). Next, we crunched the numbers to answer their question:

“How can we be certain we’ll reach all of our Goals?”

And the Answer is. . . .

John and Ann can’t be certain. Unfortunately, because future returns are unpredictable, no one can be certain they’ll reach their Goals. But they can be more confident. Here’s how:

First, we calculated the Probability of Success for John and Ann’s Current Plan using a Monte Carlo Simulation. Because the Probability of Success for their Current Plan was too low, we worked together to see what changes might improve their results.

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