Fail To Plan = Planning to Fail
Whether you are close to or in retirement, halfway there, or even just starting out… we deliver for you. And, it all begins with a R O A D M A P… the Plan!
Unfortunately, most advisers still give the same old advice they have been giving since the 80’s… But in working and extensively researching the root causes of financial insecurity and instability, that advice just does not work in today’s America. Think of it like technology, do we still use beepers and payphones to communicate with our friends and family? No, we have evolved, and so to must the ways, we use to build and sustain wealth and financial security.
The P O W E R of the P L A N
Years ago, a well-known business school asked its graduating class if they had written goals. Only 3% did. At the ten-year class reunion, the same question was asked again. The 3% that had written goals as of their graduation from business school were TEN TIMES as successful in business compared to their classmates with no written goals or plan. Failing to plan is planning to fail.
Even if you already have an adviser, if you do not have a written plan that you understand and trust, there is great value in speaking with us. A second opinion is simply invaluable…
Our Process Is Different Too You already know we are different… but our process is unique as well. From our very first meeting, we work side-by-side to COLLABORATE with you on framing your goals and requirements, deciphering where you are currently, and identifying, agreeing and tackling the gaps through a concrete plan of action… all while we leverage our expertise in finance and law to your best advantage.
Financial Life Cycle
In his February 2018 letter to his Berkshire Hathaway shareholders, Warren Buffet told them to expect major losses when the next market correction comes, (as it always does).
If Warren Buffet expects his investors to lose value in major market downturns, let’s develop a plan that anticipates and prepares for it! Now, during the Accumulation Phase of your Financial Life Cycle, it’s possible to capitalize on these downturns by leveraging low price buy-ins into the market as a part of your overall plan. But, during the Distribution Phase of your Financial Life Cycle, many become much more concerned about protecting what they have already built and foregoing the down-slide ride, than risking all they have for some additional, incremental growth. Others just want to make sure that they do NOT outlive their money and want to ensure they have sufficient lifetime income. Still others have built more than enough and have the luxury of taking or leaving the market and just need to maximize their wealth transfers while minimizing tax.
Each Plan Is Different… we typically cover the following areas, in light of the best overall tax strategy, when building a comprehensive plan alongside you:
- Clearly defining and prioritizing your goals and objectives.
- Summarizing your current financial situation including your net worth statement, cash flow needs/budget, and risk mitigation – are you sufficiently protected financially and legally.
- Current asset portfolio and asset management strategy.
- Retirement planning assessment including income and cash flow projections where we clearly define the asset and projected income gaps.
all while MAXIMIZING opportunities for tax diversification while we help you implement your specific plan.