Six Areas of Financial Planning
Financial Position
- Cash Reserve Levels
- Cash Reserve Strategies
- Debt Management
- Cash Flow Management
- Employee Benefits
- Net Worth
- Expected Large Inflow/Outflow
- Discretionary Income
- Lines of Credit
Protection Planning
- Disability Options
- Long-term Care
- Umbrella Liability
- Life Insurance
- Medical / Health
- Property & Casualty
- Policy Status
- Policy Loans
- Deductibles vs Cash Reserves
- Beneficiary Designations
- Special Needs Situations
Investment Planning
- Asset Allocation
- Wealth Management
- Lump-sum Accumulation
- Options/Restricted Stock
- Non-qualified Deferred Compensation
- Education Funding - Strategies
- Diversification Strategies
- Dollar-cost Averaging
- Risk Tolerance
- Tax Implications
- Cost Basis
Tax Strategies
- Tax Reduction
- Tax Deferral
- Tax Avoidance
- Future Taxes Due
- Withholding
- Tax Diversification
- Non-qualified Investments
- Effects of Liquidation
- Filing Status
- Business Ownership
- Non-traditional Ownership
Retirement Planning
- Risk Tolerance Transition
- 401ks
- 457s
- 403bs
- IRAs
- Roth IRAs
- Roth Conversions
- Social Security
- Income Streams
- Healthcare
- Medicare / Medigap
- Tax Transitions
- Required Minimum Distributions
- Pre 59 ½ Strategies
Legacy Planning
- Estate Balancing
- Capital Transfer
- Asset Ownership
- Trusts
- Wills
- Advance Directives
- Health Power of Attorney
- Financial Durable Power of Attorney
- Charitable Giving
- Succession Planning
- Minor Children
- Generation Skipping
- Estate Liquidity
