Planning For Your Financial Future

Investment planning is part of a comprehensive financial plan that maps out an investing strategy to help you meet your long and short term goals, such as retirement or buying a house. By taking into account your risk tolerance, diversification and asset allocation, investment plans are typically designed to help you decide how much to invest in stocks, bonds, cash and real estate in order to maximize your returns. They will also help you choose among the broad range of investments available, including those inside a company sponsored retirement plan.

Having an investment plan will provide you with a sound strategy to follow and stick with, even when you see your investments fluctuate during a time of market volatility. When working with a CFP® professional to develop an investment plan that is best for you and your needs, it’s important to address the following questions:

Start By Saving for Retirement, To live well in retirement, you no longer can rely solely on a company pension plan or Social Security. Instead, you will have to depend on how skillfully you plan and invest, and whether you make good use of tax-advantaged savings plans such as 401(k)s and IRAs.

But if you plan to build your dream house, travel or get that PhD. you've always wanted, you may need 100% of your income or more. Remember, too, that your health care expenses are likely to go up in retirement, especially if you retired prior to being eligible for Medicare and must purchase insurance on your own.

Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions.

Good Estate planning is making a plan in advance and naming whom you want to receive the things you own after you die. 

Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.

As parents, we have goals and dreams for our children. We want our kids to grow up safe, happy and loved, and we want to see them pursue their dreams, passions and interests into adulthood. It’s never too early to start thinking about how you will pay for your children’s college education. The process can be complex, but we help break it down to help you get a handle on planning for college costs.

 Most families don’t plan ahead for college costs, only two in five families, or 39%, had a plan for how to afford all two or four years of college. Not thinking ahead about college costs could mean your child has to take out more student loans. Getting started can be the hardest part, we will share some tips to kick off your paying-for-college plan.

Don’t scrimp on your retirement savings either! Set aside money for retirement in your (401K) before contributing to your student’s college fund each month. In the worst-case scenario, your student can borrow money to pay for college, but you can’t necessarily borrow money to fund your retirement