Financial Planning

 

 

 

 

Financial Planning Level I

This program will help you begin your financial planning process with guidance that will assist you in narrowing down the important goals for your future. In this plan we will discuss various elements to financial planning that will help improve your opportunity of success. You will learn why financial planning is important and what it can look like for your future. Recommendations will be provided for you to follow to make this plan successful.

What You'll Get:


  • Meetings and Calls –
    • Discovery and Implementation Meetings
    • 2 check-in calls


  • 1 Plan Document
  • Plan of Action
  • 12-month relationship



What We’ll Do:



  • Set your financial goals
  • Discuss Budgeting strategy
  • Develop an investment portfolio
  • Conduct 5 year cash flow and savings analysis
  • Review retirement accounts & contributions
  • Evaluate your Employer plan
  • Assist in determining important Estate Planning needs such as:

    • Revocable Trust
    • Property and Asset transfer 
    • Power of Attorney
    • Advanced Healthcare Directive and HIPAA Release
    • Trust Certification





 


 



 


 


 


 


 


 


 


Financial Planning Level II


In this program we will go deeper with the financial planning process where you will receive guidance to help you refine specific goals and considerations through strategic planning. With this plan you will not only understand the importance of financial planning, but also become more aware of the specific elements that make a financial plan stronger. You will also be given recommendations on specific topics to close any gaps that may weaken your plan. In addition, your planner will come along side you to hold you accountable in closing those gaps.


What You'll Get:



  • Meetings and Calls –

    • Discovery and Implementation Meetings
    • 2-3 check-in calls


  • 1-2 Plan Documents and edits due to changes if needed during relationship
  • Plan of Action
  • 18-month relationship



In addition to Level I Package:



  • Objective investment analysis, strategy, and recommendations
  • Tax planning and savings planning
  • Account contribution projections
  • Required Minimum Distribution strategy
  • Social Security Income strategy
  • Non-retirement accounts analysis
  • Long Term Care planning
  • Insurance analysis
  • Planning for and assistance with major purchases (i.e. home, car, etc)
  • Review custodial account contributions
  • Recommendations in implementing important Estate Planning documents where needed:

    • Revocable Trust
    • Property and Asset transfer 
    • Power of Attorney
    • Advanced Healthcare Directive and HIPAA Release
    • Trust Certification





 


 



 


 


 


 


 


Financial Planning Level III


With this plan we will focus on all of the aspects of life planning. This is the deeper level that will incorporate your financial and legal documents as well as a strategy to involve your family and loved ones. At this level we will discuss how to implement your plan in a way that your family will understand your position and their role in it. It is not only what you will receive on paper, but also guidance in how to bring your family into the conversation.


What You'll Get:



  • Meetings and Calls –

    • Discovery, Implementation, and Final Meetings
    • 3-4 check-in calls


  • Up to 3 Plan Documents and edits due to changes if needed during relationship
  • Plan of Action
  • 24-month relationship



In addition to Level II Package:



  • Attend tax coordination meetings with your accountants and legal professionals.
  • Comprehensive review of investment strategies, including tax-qualified investments, etc.
  • Retirement income forecasting and planning
  • Concentrated stock strategies & liquidation
  • Non-tax favored account transaction strategies
  • Review estate plan and update documents/beneficiaries
  • Conduct budget analysis
  • Roth IRA Conversion analysis and plan
  • Legacy Planning
  • Confirm implementation of important Estate Planning documents such as:

    • Revocable Trust
    • Property and Asset transfer 
    • Power of Attorney
    • Advanced Healthcare Directive and HIPAA Release
    • Trust Certification





 


*LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial. LPL Financial does not provide tax or legal advice or services.  Please consult your tax or legal advisor regarding your specific situation.