Six Key Areas

Financial Position

Three key areas are reviewed; Cash Reserve, Debt Management, Statement of Net-Worth. For Cash Reserve, we will advise you on how much you should have and where you should hold the funds. For Debt Management we will review your current situation to determine if you carry the most efficient debt available to you. We will give you specific advice on how to eliminate your debt on a schedule that works for you. Finally, we will create a Statement of Net-Worth for you and update it on annual basis.

Income Tax

Almost every area of your financial plan is affected by taxes. We start by reviewing your recent tax returns. We look for opportunities to reduce your income tax burden and recommend tax planning strategies for the future.

Insurance

The purpose of insurance is to protect your net-worth by minimizing your risk to financial loss. We will determine the type and amount of insurance you need and provide you with the most cost effective solution. We will also advise you on how your insurance needs will change as you go through the different stages of your life.

Investments

Investments are the backbone of every financial plan and the key to your long term financial success. We work with you to determine your investment objectives, time horizon and your risk tolerance. We develop a savings strategy and asset allocation that best meets your needs. All investment recommendations are made with tax efficiency in mind.

Retirement Planning

Retirement planning is the reason most people seek Financial Planning advice. More and more individuals are finding they can no longer depend upon their employer for their retirement.

We will review all retirement savings options available to you and recommend a strategy. We will review your employer retirement plan and recommend how it should be structured. We will help you develop a saving plan that has the highest probability of allowing you to retire when you want, spending what you want without outliving your money.

If you are nearing retirement we will help you evaluate your pension options and select the one that best meets the needs of your
individual situation.

Estate Planning

The goal of estate planning is to insure that your assets transfer to whom you desire in the most tax efficient manner possible. We start by understanding your desires; who do you want to receive your assets and how do you want your assets distributed. We review your current documents and make recommendations based on your goals. If you have not yet created an Estate Plan, we will guide you through the process. LifePlan does not prepare legal documents. We will work with your attorney. If you do not have an attorney we can recommend one.