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Enhanced and Revised Version:
Our approach to financial planning recognizes that simply calculating mathematical metrics for reaching your goals isn't enough. Every recommation is tlored not just by complex calculations, but also by deeply understanding the unique values, ambitions, and personal characteristics of each client.
The comprehensive process encompasses four pivotal steps:
Setting Clear Expectations: We outline a clear financial planning agreement that outlines which areas we will cover, our fees, and how payment is structured.
Discussing Your Goals: You share your aspirations for wealth accumulation, security in retirement, estate preservation, and more, providing essential information about your current financial landscape.
Analyzing Your Situation: Based on the data you provide, we evaluate your current financial health, identifying strengths, weaknesses, and areas of potential improvement.
Designing Financial Strategies: We then develop a personalized plan, presenting strategies that align with your goals, risk tolerance, lifestyle requirements, and tax implications.
Your agreement will detl the following aspects:
Net Worth Assessment: We will identify all assets including retirement funds, emergency reserves and liabilities to provide you with an accurate snapshot of your current financial standing.
Investment Portfolio Review: This involves looking at existing investments to ensure they are aligned with your risk tolerance, asset allocation, and investment objectives.
Retirement Planning: We'll project the resources required for a comfortable retirement while assessing whether savings goals are on track.
Estate Management: Ensuring that assets can be passed efficiently to heirs while minimizing tax liabilities through potential strategic planning.
Protection Strategies Evaluation: Identifying gaps in insurance protection life, disability, long-term care, recomming coverage amounts based on your needs.
We also cover:
Education and Event Planning: Discussing financial considerations for future expenses like children's education or other major life events.
Debt Management and Cash Flow Analysis: Assisting in debt reduction strategies while mntning liquidity.
Business Continuity Planning: Ensuring business assets are protected through insurance mechanisms, evaluating business value, and planning for succession.
Throughout this journey, we can collaborate with your existing financial professionals or utilize our network to ensure a holistic picture of your financial health. However, it's important to note that while Eagle and TheraWealth m , legal advice is outside our scope; you should consult your own attorney, accountant, or tax expert for these areas.
In the event we need to adjust the terms or scope of our engagement mid-way through this process, an updated agreement will be prepared accordingly. This ensures transparency throughout your financial planning journey with us.
Before any action is taken, you'll receive all necessary information about potential risks, fees associated with services provided by NYLIFE Securities LLC, Eagle Strategies LLC, or THERAWEALTH, LLC, including detls on investment products, policies, and insurance offerings. We adhere strictly to regulatory guidelines in this process.
We are committed to providing unbiased advice focused solely on your best interests. To learn more about our comprehensive financial planning services and how we operate within the industry:
Connect with us through various social platfor explore additional resources, tips, and updates tlored to your financial wellness journey.
This revised version mntns the core information while enhancing , flow, and professional tone. It also ensures clarity on each step of the planning process, aligning closely with best practices in financial advisory services.
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Personalized Financial Wellness Assessment Process Comprehensive Financial Planning Journey Overview Detailed Agreement for Clear Expectations Tailored Strategies Based on Individual Goals In depth Analysis of Wealth Management Areas Collaborative Approach with Existing Professionals