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Wealth Action Planners

INVESTING

Financial planners help clients lay-out a personalized plan to achieve their key goals based on the current investment products and existing laws and regulations. The planner acts as a knowledge guide giving advice and making suggestions that are always in the best interest of the client, along the way.

Please see the services that I offer here. Services

Investment philosophies should be closely tied to a person’s risk appetite, their knowledge of financial products and their goals. The approach is always personalized for each of my clients and never a “one size, fits all” method.

As a financial planner, I am also licensed as a Life & Health Insurance Agent whom is paid a commission for policies underwritten. All interactions with my clients are completed with the best interest of the client in mind. No product or services are provided without the fiduciary standard at the core.

During Client Onboarding, the client provides important personal information about accounts, debts, income and goals. I use this information along with key discussions to help analyze their financial condition. No user names and passwords are requested or required.

INSURANCE

Insurance coverage is based on the client’s individual needs. These needs could range from funeral expenses, mortgage protection or continuing care for children or loved ones. During the Client Onboarding process, a life insurance assessment is conducted as a part of the planning process.

This process varies from carrier to carrier. A client can expect to be asked background questions that may cover some medical and credit history. During the process, there may be additional questions asked to better understand their insurability.

It Depends. Some insurance companies offer products where a medical exam or tests are not required. These products are great for clients that are busy and have an overall good health condition.

Pre-existing health conditions is not always a disqualifier for a policy. Some carriers specialize in certain pre-existing conditions. Ask me more about this during our discussion.

Only certain types of policies accumulate a cash value that may be borrowed against. Let’s talk about your options during our discussion.

RETIREMENT PLANNING

I help clients understand their own personal risk tolerance for investing and saving. In addition, we create an analytical plan to meet specific goals using statistical analysis tools and a methodology to measure and monitor progress.

Yes! It is recommended that we meet each month or quarterly to monitor activities and make changes as needed.

The plan is developed based on your goals and needs. Your values and priorities are at the core of the plan and our discussions! Your voice is always the loudest in the room and your point of view is always heard.

Most all options recommended have potential for some or all losses. A diversified portfolio has historically been a great strategy to reduce these risks. During our discussions, portfolio diversity and acting in your best interest, will be at the heart of any recommendations presented.

ESTATE PLANNING

Estate planning is one of the most important activities in a financial planning process. It is recommended that an estate plan be a part of the goal setting process and updated periodically to ensure that plan remain up to date with wealth conditions.

Key documents and a designated team of family and friends can often be the first responders to life events. Assets in an emergency account, cash values in a life insurance policies and short-term investments can help support the financial needs when these events occur. A good plan help ensures your family knows what to do.

An estate plan should be created based on the current laws of the state you live in. As a planner, I will help guide you through the strategy needed to create the plan. An attorney should be consulted to ensure that the plan is legally sound.

A Power of Attorney is a legal document that allows a person to act on your behalf. During the estate planning process, this agreement will cease at death, thus planning for the transfer of these rights to an executor is key.

An executor should be chosen carefully. In many cases, an executor is a close family member or friend. However, many financial firms offer these services if no one else is available.

TAXES

Normally No! Death benefits are paid tax free. However, there may be other implications to the benefit. You should consult a tax professional.

Unfortunately, I’m not a CPA or tax professional.

Tax strategy is based on each client’s tax situation. However, there are many options that may help reduce taxes, such as IRA accounts.