Comprehensive Holistic Financial Planning

Working with a Financial Planner

Working with a Financial Planner can help you achieve your Financial Independence.

A Financial Planner can help you develop a plan that’s right for your life, and help you build Financial Freedom.

You may know where you want to end up, but with so many choices, How do you know if you’ve taken the right road?

A Financial Planner can serve as your guide, help you analyze your individual situation and recommend ways to help you achieve your goals.  He or she can work with your tax and legal advisors to make sure that your financial plan addresses all of your needs.


What’s included in a Financial Plan?

There are six areas to a financial plan.  We illustrate those areas in the form of a pyramid to show how one area builds upon another.  Many people start at the base of the Financial Planning Pyramid and work their way up.  You may choose to start with the area that’s most important to you right now.  But, since action in one area affects all the others, a complete financial plan must address all six areas.  Do so with the guidance of a professional financial planner and start achieving your goals.

Whether you’re hoping to purchase your first home, send your children to college or enjoy your retirement … It’s always the right time to plan for the future.


The Six Areas of Financial Planning

By focusing on six specific areas, with the guidance of a professional financial planner, you can determine the best way to meet your goals.  Start today to build your financial freedom.


1. Financial Position

Do you know how much money you earn from all sources and how much money you spend each month?  Do you have enough money to cover your necessary expenses?  Are you spending money that you should be saving?

A review of your financial position will give you a better understanding of where you are right now.  Working with a financial planner will help you determine if you’re making the best choices when it comes to debt and may help you discover if you are achieving a balance between your current lifestyle and future expectations.  Taking a look at all areas of your financial life and seeing how they fit together is the crucial first step in creating a plan for the rest of your life.

2. Risk Management

If you lost your job, or became disabled, how would you pay your bills? If something were to happen to you, how would you pay your bills?  If something were to happen to you, would your spouse be able to remain in your home?  Would your children be able to afford college?

Under extraordinary circumstances, the best of intentions can be swept away.  A financial planner can analyze your situation and help you find ways to protect your income and assets at every stage of your life.  Your planner can help ensure that you and your loved ones can keep doing what you originally planned, no matter what surprises life has in store.

3. Wealth Accumulation

Are you getting a return on your investments consistent with the risk you’ve assumed? Do you understand the different options that best suit your individual circumstances?

A financial planner can help you review the various options available to you and suggest ways to get results.  The goal is to help you potentially maximize the return on your investments, taking into consideration financial objectives, time horizon, and your personal tolerance for risk.  Through periodic reviews, your planner can help to make sure that your investment plan reflects the changes inevitable at every stage of your life.

4. Tax Planning

Do you know the latest tax laws and how they affect you?  Are you keeping as much of your earnings as you can in your own pocket?

It’s difficult to keep up with the laws that change constantly and figure out how complex rules apply to your personal situation.  Your financial planner can provide guidance.  It’s his or her job to keep abreast of current regulations and to give you the benefit of his or her professional knowledge and experience.  While only your accountant or attorney may provide tax or legal advice, your financial planner can work with them to coordinate a plan that best suits your needs.

5. Retirement Planning

Do you think that you’re too young to start planning for retirement or, that since you’ve already retired, it’s too late to do anything about it?

Obviously, the earlier you start, the more sound your financial future and the more flexibility and freedom to choose the when, how and where of retirement. But even if you’ve already retired, you want to make sure that the money you have accumulated continues to work for you.  Regardless of your age or life circumstances, working with a financial planner can help you adapt to your changing needs to achieve financial independence.

6. Estate Planning

Are you sure that your money will be used the way you want and go to the people you want it to after you’re gone?

If you become incapable of managing your affairs while you’re alive, will your finances continue to be managed effectively?  Proper estate planning with a financial planner can help you to anticipate your future needs and pass on more of your wealth to your family and charities than to Uncle Sam.  It can take into consideration the special concerns of young families with minor children, families who have members with special needs, business owners who need to address succession planning or grandparents who’d like to help the grandkids go to college.  With a financial plan in place, you can pass on a legacy, not a tax burden, to your heirs.


Securities and investment advisory services are offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC.

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