Holistic Financial Planning
What Is Holistic Financial Planning?
- Planning for retirement
- Saving for your child's college fund
- Buying a home
- Starting a business
- Leaving assets for your grandchildren
While the overarching goals are hardly uncommon, the specifics — what that home looks like, what kind of retirement you want, etc. — make every situation different.
Putting the Puzzle Together
To be effective, no financial decision can be made independently of other financial decisions. Investing or implementing a savings strategy without a comprehensive game plan is like throwing darts at the wall without knowing where the bull’s eye is. Although you might get lucky enough to hit your target, you’ll often end up miles from where you want to be. Holistic financial planning identifies the target first, then builds a financial model. It’s like working backward, ensuring ample time and opportunity to help achieve the desired outcome.
In real life, people have more than one mission. You may want to retire early while also paying for your niece’s culinary school, or you may want to build vacation funds into your yearly budget while also setting aside enough money to buy a cabin by the lake finally. We’ll assist you with working toward ticking each item on your bucket list without sacrificing the others by finding a balance between all the moving parts that make up your financial road map.
The Planning Process
- Initial Consultation: We’ll sit down with you and explain how the planning process works, what to expect from each step, and the actions you’ll need to complete to achieve optimal outcomes.
- Gathering Information: Before moving forward, we must understand who you are and what you want. Tell us your personal and financial goals, the time frame you have in mind, and how comfortable you are with risk.
- Digging Into Your Financials: To maximize your money potential, we first need to look at your current financial situation, including income, assets, liabilities, insurance coverage, estate plans, and other key services you may already have in place.
- Presenting the Plan: Now it’s time to show you how to get from A to Z. Depending on the scenario, we may deliver a clear-cut plan that limits guesswork, or you may get several options and all the information you need to decide confidently.
- Ongoing Assistance: The work continues once your plan is in place. We’ll help you implement our suggestions and monitor various investments. As the market changes and your goals evolve, we can recommend tweaks and strategy shifts to keep you on pace or, in some cases, give you even better financial leverage than you had before.