Financial Planning: The Big Picture Part Two

The Financial Planning Process

Creating and implementing a comprehensive financial plan generally involves working with financial professionals to:

• Develop a clear picture of your current financial situation by reviewing your income, assets, and liabilities, and evaluating your insurance coverage, your investment portfolio, your tax exposure, and your estate plan

• Establish and prioritize financial goals and time frames for achieving these goals

• Implement strategies that address your current financial weaknesses and build on your financial strengths

• Choose specific products and services that are tailored to meet your financial objectives

• Monitor your plan, making adjustments as your goals, time frames, or circumstances change


Members of the Financial Planning Team Include:

Financial planners typically play a central role in the process, focusing on your overall financial plan, and often coordinating the activities of other professionals who have expertise in specific areas.

Accountants or tax attorneys provide advice on federal and state tax issues.

Estate planning attorneys help you plan your estate and give advice on transferring and managing your assets before and after your death.

Insurance professionals evaluate insurance needs and recommend appropriate products and strategies.

Investment advisors provide advice about investment options and asset allocation, and can help you plan a strategy to manage your investment portfolio.

The most important member of the team, however, is you. Your needs and objectives drive the team, and once you’ve carefully  considered any recommendations, all decisions lie in your hands.

Please Contact Me directly if you have any questions.

I’d also invite you to view our free Annuity Seminar to learn more about safe methods to grow and protect your retirement assets.