- 1. We begin with goal setting exercises to help you "think outside the box" as to what your ideal life would look like.
- 2. You prepare a Retirement Planning Workbook where you identify, prioritize and put dollars to your life goals, calculate your recurring and major non-recurring living expenses, and attach statements showing your assets, liabilities and insurance.
- 3. We meet to discuss and review your net worth and goals, the pros and cons of long term care insurance vs. the alternatives, and to do Social Security Planning which includes multiple "What Ifs" to help you decide which planning strategy has the best return/risk trade-off for you.
- 4. We meet to do retirement planning. This also includes multiple "What If" scenarios to see the results of retiring earlier or later, working part-time, saving more, taking more investment risk, or changing some of your goals. Our goal is to come up with a plan to insure there is a high likelihood you can pay for your retirement goals.
- 5. We "stress test" your retirement plan by showing which goals would have been at risk during prior periods where there was high inflation or large losses soon before or after retirement.
- 6. For those near or in retirement, we use this data to prepare a ten year cash flow estimate that includes federal and state income taxes which estimates how much we will need to withdraw from your retirement portfolio to fund your expenses.
- 7. We then prepare a Retirement Bucket Analysis to help us know how much of your portfolio we need to allocate to cash flow reserves, conservative risk investments, moderate risk investments and higher risk investments. We review and discuss it with you.
- 8. We use this "retirement bucket" analysis to help us prepare an investment strategy that is integrated with your retirement goals and timeframes so that we take the appropriate amount of risk in each portion of the portfolio.
- 9. We meet to go over this investment strategy in detail and to review our buy and sell discipline and show you how it performed in historical back tests and the maximum loss during the past bear market– realizing that past performance is no guarantee of future performance.
- 10. We work together to tweak this risk management strategy and make your portfolio strategy more or less risky based on your risk tolerance and goals.
- 11. We may recommend implementing this strategy in phases. We discuss and agree to our implementation plan upfront.
Financial Planning Services
