Financial Navigator & Guide

Coaching helps you to be more, to do more, to have more, and give more!

Cash Flow and Debt Management

Cash flow is the first issue to address when looking at your wealth management plan. Making certain you know what is coming in and going out each month will help you to make informed decisions for the remainder of the wealth management issues. Clarity on your debt dates will also help create a financial plan that will give you peace of mind.
Today there are nearly 20,000 different investment vehicles to choose from. It can be overwhelming to decide what is right for you at the right time.  The “talking heads” on every media outlet like to tell you what to buy and rave about their winners, without knowing anything about your personal financial goals, risks, or overall situation. Following their lead could be a recipe for moving in and out of everything and getting nowhere!

Investment Management

Resolution:
Designing investment solutions for you is based on a thorough understanding of your personal situation, risk tolerance, and goals. We will buld a portfolio encompassing your comfort level, expectations, and the impact of taxes on your portfolio. We will work together as your goals and circumstances change and rebalance or adjust the portfolio to meet your needs. Please complete the Investment Advisory Agreement, together with the Risk Tolerance/Suitability Questionnaire.

Tax Management

Tax Management may be one of the most misunderstood issues of wealth management. There are some tax management elements that will help you and some that will hurt you if you do not address these issues correctly.

When we discuss the next issue of retirement, it will be important to understand the tax bracket you are in today vs. your anticipated tax bracket in retirement. During retirement, if you are not going to work, you will not pay the employment taxes you pay during your working years. It will be equally important to understand what your inheritance may look like and what you anticipate spending during the retirement years.
Resolution: 

As your financial navigator , we need to make sure we know the average tax you pay vs. your marginal tax bracket. We will use this information to formulate a plan on types of accounts to draw from in retirement to minimize your taxes and the taxation of your social security benefits.

Retirement Planning

Retirement income has changed from years ago. In the past Pensions were a primary source of income for most retirees. Today as life expectancies continue to rise, most retirement resources will come from Social Security and the assets you have accumulated in your retirement accounts and other assets.
Resolution:
We will create a plan which takes into account your savings level, current investments, tax bracket and your healthcare funding to give you the best chance of meeting your goals. There will be parameters which are out of everyone’s control like inflation, investment returns, and health issues. We will address each of these risks when creating your retirement plan.

Risk Management

The issue of Risk Management is one of the least talked about issues in wealth management.  The best laid plans can fall apart if you have not prepared for the riks a family could face prior to retirement or during retirement.
Resolution:
Once we learn more about your situation, we will evaluate  your assets to see if you need additional insurance or savings vehicles to mitigate these risks. Although no one likes to buy life insurance, depending where you are on the investing and retirement spectrum, it may be prudent in order to obtain some level of comfort for your family.

When we discuss the next issue of retirement, it will be important to understand the tax bracket you are in today vs. your anticipated tax bracket in retirement. During retirement, if you are not going to work, you will not pay the employment taxes you pay during your working years. It will be equally important to understand what your inheritance may look like and what you anticipate spending during the retirement years.
Resolution: 
As your advisor, we need to make sure we know the average tax you pay vs. your marginal tax bracket. We will use this information to formulate a plan on types of accounts to draw from in retirement to minimize your taxes and the taxation of your social security benefits.

Estate Planning

There is more to life than money and investing. What type of legacy will you leave behind? Planning for unforeseen events will make a transition much simpler and efficient. We would all like to believe that upon our passing or inability to communicate, all will be taken care of, or our assets will move to the next generation with ease. However, we often see clients who did not plan for simple things like leaving passwords or bank account information.  In today’s world of online passwords and paperless statements, this information is more important than ever.

Your spouse, heirs, or POA may need easy and quick access to some of your most vital information. This will reduce the red tape that will cause stress and grief to your family during an emotional time. In addition, making sure your family or trustee is in control, instead of the government, will give everyone peace of mind, including you.
Resolution:
I have provided you with a review checklist. I will help you to make sure this information is at the fingertips of your spouse, heirs, or POA. Together we will not just discuss these topics, but make sure they are complete. Write down your information and store it somewhere safe at home. We will make a copy for your file in case it is ever needed. In the event you update anything on this review checklist, just send us a copy for the files.

Charitable Legacy

When does leaving a legacy become charitable?

Typically leaving money to a cause that helps others, or a cause that touches your heart, or in memory of your loved one, or for estate planning and tax reductions, or to augment retirement income, or when there is no one else to whom your assets can be left. Let us help you with these important decisions.

Financial On-Line Training-Adults/Youth

Teaching from the Federal Deposit Insurance Corporation, FDIC’s Money Smart curriculum for Young Adults helping youth ages 12-20 to learn the basics of handling their money and finances.

Business Management-Cash Flow, Continuity, Retirement

Taking care of the business, your employees, your family, your retirement. It’s doable.
Your life and business are interconnected – and so are the complex opportunities and challenges you face.  We are here to help you with strategies to take care of the business, your employees, your family, and your retirement. It’s doable.