• MY PROCESS

  • Many of us have financial, legal, and insurance professionals in our lives already. These advisors provide advice and guidance on their specific areas of specialty, but often do not account for the effect it may have on other areas in one’s financial life. Our strategic process has been designed through thousands of man hours to identify the challenges in someone’s life, help discover various solutions, and provide a plan that can help get them to their destination as quickly and safely as possible, no matter the goal.

    1: Protection

    Protection in your financial life acts much like the roof on someone’s home. A roof is not an item we spend a lot of time enjoying on a daily basis, but it is what protects everything we care about below. Full protection is critical for guarding against unforeseen events that can strike at any time and affect your financial future. Just as we protect our homes and vehicles for full replacement values, we need to consider protecting our most valuable assets such as our income and life. Further, while insurance protection is crucial for a successful plan to weather unforeseen events, individuals, businesses and families need legal documents as well to have a more protected plan.

    2: Savings

    The single most fundamental key to any wealth accumulation and protection plan typically boils down to nothing more than managing cash flow and savings rates. To prepare for life's events, it is important to build wealth inside of flexible assets that can be used for "life" instead of one sole purpose such as "retirement" or "college." Learning how to save in a systematic manner will be the key to consistently building wealth.

    3: Debt

    Debt plays a unique roll in your life and you must understand how to properly manage good debt and bad debt. Good debt provides tax deductions, has low interest and the opportunity for a long repayment schedule. Bad Debt has high interest, short repayment terms and is not tax deductible.

    4: Wealth Building Strategies

    Building wealth is not just about creating an account with a large balance. It is about accumulating wealth in a manner which provides flexibility, control and efficiency. To achieve this, assets should be used in a coordinated fashion to obtain the maximum growth, tax efficiency and minimize costs. During these meetings we will review how different types of assets perform under a variety of different circumstances.

    5: Wealth Distribution Strategies

    You need to access wealth during your life for a variety of reasons, including first-time home purchases, college, weddings, business opportunities, and ultimately retirement. Creating a plan that maximizes retirement income while simultaneously protecting your wealth from interest rate risk, tax risk, and longevity risk is crucial. We do not know what interest rates, taxes and other variables will be a decade or several decades from today. Creating a plan that is less affected by these outside forces will help lead to a plan that is less vulnerable to risk.

    6: Legacy Strategies

    Leaving a legacy for loved ones or personal causes fills the need or desire to be remembered. Leaving a legacy is much more than simply financial. For those who have young children, proper legacy planning and the protection of human capital is extremely important should there be a premature death. As life progresses, leaving a legacy to heirs or charities can be done in many unique ways. There are multiple legacy strategies that may apply, and we educate those who believe it’s important to do so.