6 Key Areas Sample
The 6 Key Areas of Financial Planning The start of the financial planning process should begin with identifying and prioritizing your objectives. We take a comprehensive approach by looking at both your immediate and long term needs in the context of these six key areas.
Financial Position Improve efficiencies in your current financial position:
Protection Planning Build/manage a purposedriven investment porfolio:
Investment Management Have a game plan in place for major financial risks:
Tax Planning Integrate tax reduction strategies across finances:
Retirement Planning Be financially independent, when work is optional:
Estate/Legacy Planning Live and leave a legacy aligned with your values:
Assessing your assets and liabilities
Losing income due to disability
Providing funds for college education
Managing current tax liabilities
Ensuring adequate retirement income
Sharing money-wise principles with family
Understanding your cash flow
Providing for surviving spouse and children
Earmarking assets for special purpose
Understanding how new tax legislation affects you
Calculating alternative age/timing scenarios
Incorporating charitable strategies
Building emergency cash reserves
Giving or receiving long term care services
Determining required rate of return
Acquiring/maintaining a second home
Planning for special needs children
Improving yield on cash reserves
Protecting personal property and assets
Understanding your risk tolerance
Projecting the impact of taxes on goal achievement
Reducing interest expense
Understanding current coverages
Planning for inflation
Understanding the impact of taxes on investment returns
Aligning investment funds to retirement goals/needs
Reducing estate erosion resulting from administration, taxes
Evaluating mortgage financing
Reducing personal and business liability exposures
Reviewing risk and return performance
Evaluating tax efficient investment options
Evaluating your 401(k), 403(b), IRA, Roth plans
Analyzing costs/benefits of alternative asset transfer techniques
Creating or rebalancing asset allocation
Incorporating tax strategies for business owners
Analyzing and structuring business finances
Planning for business continuation
Consult with your tax advisor or attorney regarding specific tax issues.
Growing investments for your own business
Planning for inheritance proceeds Analyzing business retirement plan options
Ensuring a smooth transference of your business to successors
Using business assets for your retirement
Registered Representative of and securities and investment advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera (612-347-8600) is under separate ownership from any other named entity.
Financial Position Improve efficiencies in your current financial position:
Protection Planning Build/manage a purposedriven investment porfolio:
Investment Management Have a game plan in place for major financial risks:
Tax Planning Integrate tax reduction strategies across finances:
Retirement Planning Be financially independent, when work is optional:
Estate/Legacy Planning Live and leave a legacy aligned with your values:
Assessing your assets and liabilities
Losing income due to disability
Providing funds for college education
Managing current tax liabilities
Ensuring adequate retirement income
Sharing money-wise principles with family
Understanding your cash flow
Providing for surviving spouse and children
Earmarking assets for special purpose
Understanding how new tax legislation affects you
Calculating alternative age/timing scenarios
Incorporating charitable strategies
Building emergency cash reserves
Giving or receiving long term care services
Determining required rate of return
Acquiring/maintaining a second home
Planning for special needs children
Improving yield on cash reserves
Protecting personal property and assets
Understanding your risk tolerance
Projecting the impact of taxes on goal achievement
Reducing interest expense
Understanding current coverages
Planning for inflation
Understanding the impact of taxes on investment returns
Aligning investment funds to retirement goals/needs
Reducing estate erosion resulting from administration, taxes
Evaluating mortgage financing
Reducing personal and business liability exposures
Reviewing risk and return performance
Evaluating tax efficient investment options
Evaluating your 401(k), 403(b), IRA, Roth plans
Analyzing costs/benefits of alternative asset transfer techniques
Creating or rebalancing asset allocation
Incorporating tax strategies for business owners
Analyzing and structuring business finances
Planning for business continuation
Consult with your tax advisor or attorney regarding specific tax issues.
Growing investments for your own business
Planning for inheritance proceeds Analyzing business retirement plan options
Ensuring a smooth transference of your business to successors
Using business assets for your retirement
Registered Representative of and securities and investment advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera (612-347-8600) is under separate ownership from any other named entity.
