If
you've thought that you would
love to have a financial
advisor on retainer but couldn't
afford it, the Comprehensive
Financial Planning Retainer might just surprise you. Clients
find that this program delivers
savings and peace of mind
that far exceed its cost.
What
the Comprehensive Financial
Planning Retainer Includes
Goal Setting: There's
nothing personal about
a financial plan that doesn't
hold your goals and values
at its center. You'll be
helped to clarify your
goals, identify the dollars
needed to achieve them,
and develop realistic timelines
for their accomplishment.
Everything else we do
will relate to your goals.
Net
Worth & Investment
Portfolio Analysis: Are
your investments really
working for you? Are they
appropriate for your risk
tolerance, your tax bracket,
and your goals? Are your
investments fulfilling
their necessary function
in your overall net worth?
You'll receive an objective,
informed analysis of your
portfolio holdings and
net worth.
Asset
Allocation Strategy: A great investment strategy
provides balance and diversification.
Balance hedges you against
extreme economic cycles,
and appropriate diversification
enables you to reduce your
portfolio risk while substantially
enhancing your return on
investments. Your asset
allocation strategy will
make use of the principles
of Functional Asset Allocation
and will be appropriate
for your stage in the Financial
Life Cycle.
Commission-Free
Implementation: You will receive specific
investment recommendations
that utilize no-load, low-expense
mutual funds and exchange-traded
funds. Assistance with
implementing recommendations
is included in your retainer.
Risk
Management: Most of my
clients had never had
their insurance coverage
and needs evaluated by
someone who wasn't trying
to sell them something.
Your risk exposures will
be identified. Your current
coverage – life ,
health, disability, auto,
home, business – will
be reviewed and integrated
with your employee benefits. You
will receive specific recommendations
on how to keep yourself,
your property, and your
loved ones protected.
Estate
Planning: You
will be guided through
the process of deciding
how your family is taken
care of and how you want
your assets divided.
The focus is on simplicity
for your heirs, avoiding
probate, and reducing estate
taxes.
Tax
Planning & Preparation: Your individual federal
and state tax returns will
be prepared, and you will
receive professional advice
year-round. You'll learn
lawful strategies to reduce
your tax liability. As
you reduce your taxes,
the tax savings can help
offset your fee and give
you more dollars to put
toward your goals.
Audit
Protection: Rest
easier, knowing that audit
representation before the
IRS is included for returns
prepared by The Practical
Planner, as long as you
remain a client.
Record
Keeping: Maximize
your tax deductions and
minimize your headaches
with a record-keeping system
that helps you organize,
file, retrieve, and archive
your personal records.
Special
Needs Planning: Your situation is unique.
You may need cash flow/debt
management or education-funding
planning. Perhaps you need
a detailed retirement analysis.
You might be struggling
with purchasing your first
home or refinancing an
existing one. You could
be thinking of starting
your own business or considering
a job offer. Your retainer
includes advice on these
issues and others you may
face. And if you need specialized
advice outside the scope
of your retainer, you'll
be referred to a qualified
expert for the help you
need.
Additional
Benefits: Financial
planning is a process,
not a one-time review.
All meetings and telephone/email
communications are included
in the retainer at no extra
charge. You're encouraged
to contact me whenever
you're unsure of the best
financial action to take.
You'll also receive timely
information on financial
planning and tax issues
through my quarterly newsletter.
BACK
TO TOP
What to Expect
During Our Initial
Year Working Together
-
If errors were made
or deductions were missed
on your prior years'
tax returns, those returns
are amended for refunds
of overpaid taxes.
-
Your portfolio
is analyzed,
and your current asset
allocation reviewed.
If needed, emergency
short-term fixes are
implemented.
-
We set you up on a
record-keeping
system and develop
a spending plan, if needed.
-
A risk-management
plan is developed, including
an inventory of your
existing insurance coverage
and employee benefit
options.
-
An appropriate estate
plan is developed, with
referral to attorneys
as needed.
-
We explore what financial
independence means to
you and assess
your current and projected
future assets and cash
flow.
-
The work started in
the Portfolio Analysis/Asset
Allocation appointment
is completed by identifying
the optimum allocation
of your investments to
achieve your goals, along
with a strategy for implementation.
-
Your tax liability
for the current year
is projected, and strategies
for minimizing taxes
are developed.
-
You are guided
through a unique
goal-clarification
process.
-
If
you are a business
owner, the impact of
your business on your
personal finances is
analyzed. Strategies
for minimizing taxes
and maximizing retirement
savings are developed.
-
Your personal income
tax returns are prepared.
Other
issues are addressed
as they arise, and, of
course, there is never
a charge for additional
appointments, telephone
consultations, or email
communications.
Life
is constantly changing. The
most important benefit
of working together is
that I will know what’s
happening in your life and help you adjust your planning
to meet your new needs. In renewal years, we
meet in the first quarter of the year for tax preparation,
in the second quarter for investment review/rebalancing,
and in the third and fourth quarters for tax planning
and goal updates.
