Financial Planning

Goal Setting & Budgeting

Our financial planning process begins with the end in mind. We start by developing a thorough grasp of each client’s goals so that we can help them understand what it takes to achieve them.

Cash Flow Analysis & Planning

We work with clients to understand and model cash flows to ensure liquidity needs are met. We often take a “bucket” approach to liquidity management analyzing short term, intermediate term, and long-term cash needs and then matching assets and liabilities for each bucket.

Net Worth Analysis & Liability Planning

Understanding clients’ full net worth helps inform in which type of accounts assets are located, how certain components of a portfolio are allocated, charitable gifting strategies, intrafamily gifting strategies, deferred income tax management, and estate tax minimization strategies. We focus on actively managing both sides of the balance sheet to help clients meet their short term and long-term goals.

We help clients understand how prudently using leverage can minimize income taxes and smooth cash flows while allowing clients to stay invested. We regularly assist clients in arranging securities-based loans, residential and commercial mortgages, working capital lines of credit, commercial loans, and intra-family loans and have a network of specialty lenders should more specific or complex lending needs arise.

Retirement Planning with Monte Carlo Analysis

For many of our clients, the question is not IF they can retire, but rather how do they maintain their standard of living whenever they no longer have earned income? While we can’t predict the future, we can model various scenarios using techniques like Monte Carlo analysis to give clients piece of mind that they are on the right path.

Education Planning

Whether it’s a private K-12 school or a major university, the cost of education continues to rise. For many clients, funding an education can be one of the most impactful investments they can make. Whether it’s a 529 college savings plan, a family education trust, or the unlimited gift tax exemption for educational institutions, we can help clients understand all the variables at play and create an education plan that mirrors their values.

Social Security Analysis & Planning

Social Security benefits typically replace approximately 30%-40% of a worker’s pre-retirement income. We help clients understand what options they have for claiming their Social Security benefits so that they can select the strategy that optimally integrates with their overall situation so that they can maximize their income over time.

Healthcare and Medicare Planning with Our Retained Consultant, Gallagher Health

For clients who have retired prior to age 65, health insurance and related medical costs are often some of their most significant expenses. Once clients reach Medicare eligibility, they are often surprised to learn that between Part B medical insurance, Part B supplements (Medigap), Medicare Advantage, and Part D prescription drug plans, each state offers dozens of options for coverage. We retain Gallagher Healthcare Financial Planning, a non-commissioned healthcare advisor, to help our clients evaluate their health insurance options so that they can have confidence they are choosing the coverage that’s right for their situation.