what is financial planning?
Simply put, it's a game plan to get you where you want to be. Sound oversimplified? Let's break it down...
You're the quarterback, and we are the coach. We prepare and guide you with our expertise, but you are in control.
Despite what most people think, your opponent is not your enemy. Learning to handle your opponents well actually makes you a stronger player. But it's your coach's job to get you ready to take them on. So how exactly does your financial planner (coach) do that for you?
Determine Your Starting Point - what do you have?, what do you owe?, how much do you spend?, and how much do you save? In other words, where are you right now?
Define Your Goals - What do you want to achieve? Perhaps you want to fund retirement, pay for or help pay for children's college and weddings, do a home remodel, take a dream vacation, minimize taxes, pay off debt, maximize employee benefits, minimize risk, leave something for the next generation, etc. Everybody has a different set of goals. The first step to achieving them is determining what they actually are.
Create Strategies - This is where we determine the "how." What is the best way to get you on track to reaching your goals? Depending on what yours are, we'll create strategies to:
handle monthly cash that comes in and out
pay down debt
fund college education/wedding/retirement