Start with an idea. Make it happen with a plan.
A comprehensive financial plan is the backbone of any financial strategy. Simply put, it is a document that covers every aspect of your financial life, and provides a roadmap to get from where you our now to where you want to be. Financial plans often include:
But what exactly is in the plan? The exact contents depend on your goals. After all, your goals drive the strategies we implement in the plan. While every plan is different, there are some common elements, such as:
How much have you saved for retirement? And how much farther do you need to go? It’s a complicated answer that depends on many factors, some of which are uncertain.
We can’t predict the future, but we can use our sophisticated planning technology to analyze your savings and determine what strategies give you the highest likelihood of reaching your goals.
We develop a savings strategy that puts you on the right path to retirement.
Where does your money come from and how is it spent? These are important questions that aren’t as easy to answer as they seem. They’re even more important in retirement.
Your retirement income puzzle could be complicated, with money coming from a variety of sources. We project your future income and expenses based on your a wide range of variables. We then develop a strategy to help you reach your income goals and stay within your budget.
Finding the right mix of risk and reward can be a delicate balancing act. Your portfolio should be driven by your specific goals and risk tolerance. We analyze not only your portfolio, but your reactions to loss and volatility. The goal is to find the right mix of investments that offer return, but within a range of risk that is acceptable to you. Your investments should help you achieve your goals, not keep you up at night.
Speaking of large expenses, healthcare and long-term care will also likely play a large role in your retirement. As we get older, we often face greater health challenges. Medicare covers some costs, but it doesn’t cover everything. We develop a plan to help you receive the care and treatment you desire while also protecting your assets and your legacy.
Very often, it’s unexpected costs that derail us on the path to our goals. We can’t predict the future, but we can prepare for it. We’ll develop and implement a plan that protects you and your loved ones from some of life’s greatest risks and challenges.
There could be other topics covered in your plan based on your specific goals. It all starts with a conversation. Let’s connect today and schedule a time to chat.
Developing your custom retirement plan begins here. We’ll spend 15 minutes getting to know you and your needs to match you with an advisor committed to helping you achieve your retirement goals.
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¹https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/
²https://www.ssa.gov/oact/quickcalc/earlyretire.html
³https://www.ssa.gov/benefits/retirement/planner/delayret.html
⁴https://www.ssa.gov/benefits/retirement/planner/taxes.html
⁵https://www.cnbc.com/2021/09/01/americans-are-behind-on-retirement-savings-heres-how-to-get-on-track.html
⁶https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs
⁷https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-retirement.htm
Advisory Services Offered Through CreativeOne Wealth, LLC an SEC Registered Investment Advisor. Trinity Financial Group and CreativeOne Wealth, LLC are not affiliated.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 22219 - 2022/9/13
Investing involves risk, including the loss of principal. No Investment strategy can guarantee a profit or protect against loss in a period of declining values. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity products are backed by the financial strength and claims-paying ability of the issuing insurance company.
Trinity Financial Group does not provide legal advice and cannot draft legal documents. We work with experienced CPA’s, tax planners and estate planning attorneys who develop the legal documents that express a client’s estate planning intentions. We are pleased to work with a client’s current estate planning attorney, CPA®, and other advisers.