A Comprehensive Financial Plan is the total package. We will review in detail every aspect of your financial life, from retirement savings and college savings to insurance coverage, cash-flow and savings assessment and analysis, debt management, tax planning, real-estate, and specific investment advice.
This includes all the benefits of Social Security Planning, Retirement Portfolio Review, Basic and Advanced Retirement Plans, and any or all of the following as applicable:
A comprehensive financial plan may include any or all of the the following areas:
- Financial Goal Setting
- Family Balance Sheet and Cash-Flow analyses and discussion of various measures of family financial health
- Income Tax Planning
- Education Funding Planning (college savings, 529s, other savings, college costs and savings projections)
- Major Purchase, Liquidation and Cash-Flow planning
- Retirement Planning
- Investment Risk Tolerance
- Risk analysis and survivorship planning
- Comprehensive Investment Review and detailed recommendations — both within retirement plans as well as for non-retirement goals
- Insurance needs analysis
- Estate planning (review beneficiary designations, optimizations for gifting, estate tax planning)
- (advanced) Stock Option, Restricted Corporate Stock, Deferred Compensation planning
A comprehensive financial planning engagement will generally include:
- four meetings (data gathering and discussion, draft plan delivery, final plan delivery, progress review)
- written plan documents with detailed discussion, specific recommendations, graphs and illustrations as appropriate
- follow-up e-mail and phone coverage as needed for six months after final plan delivery (in-person progress review meeting typically takes place during this period)
- 1 year of full access to and use of the Personal Financial Dashboard system