WHY A FINANCIAL PLAN
We all recognize that the economic world we find ourselves in is difficult. It is very hard to assess objectively our own economic situation. Harder still to develop a financial strategy that will consistently enable you to lessen the damage that inflation and taxes do to your financial independence.
The Financial Plan requires you to determine short and long term goals. It also provides a comprehensive review of your present financial picture; identifies problem areas; and provides appropriate remedies.
Finally, a Financial Plan is an evolutionary process. Periodic
review and
evaluation is necessary to keep up with the ever changing world of
taxes,
inflation and your own personal situation.
Text of Financial Planning Concepts:
- GLOSSARY: To help acquaint you with
and understand
terms used in the financial services industry
- BUILDING ASSETS: Explores basic
investment concepts and
strategies for building net worth
- TAX PLANNING: Explains basic methods
of reducing income
taxes
- ESTATE PLANNING: Reviews basic estate
planning tools,
ie., Wills, Trust, Power of Attorneys and Property Ownership
- ESTATE TAXES: Discusses the effects
gift & estate taxes
will have on passing your estate on to your heirs
- FAMILY PROTECTION: Outline of Insurance needs & educational funding, overview of types of insurance to be considered for: Life, Disability, Medical and Property/Casualty Insurance, and looks at the various methods to fund education
Personal Financial Statement: A snapshot of your current
financial
position which will reveal your working capital, liquidity and
diversification
of assets.
Income Tax Projection: A three year projection which will allow
us to
maximize your tax planning opportunities.
Family Expense Report: Will give you the basic information as a
tool for
managing your budget and provide data to determine other important
planning
needs.
Cash Flow Projection: A three year projection to give us the
necessary
information to determine your discretionary income available for
meeting your
stated goals and objectives.
Education Funding: Determines the need and explores the
alternative methods of funding educational costs.
Financial
Estate Planning: Gives us the data to estimate your estate
settlement cost,
ie: Taxes and Administrative expenses,
explore
methods to reduce these costs and still achieve the distribution
pattern which
meets your objectives for your heirs.
Risk Management: Enables us to determine the proper amount of
insurance
needed and a portfolio analysis to help minimize the associated cost.
These benefits can be provided for as little as $40 a month.
or
520.884.7550
jpw@financial-architects.com
3971 E. Paradise Falls, Suite 114