Enjoy life today while preparing for tomorrow with this helpful Financial Planning Services e-book.
Financial Planning Services
Enjoying life TODAY while preparing for TOMORROW
IT’S TIME
Do you remember that feeling when you saw your first paystub and wondered, “ where did all my money go"? Maybe it was when you woke up at 4AM (again) and couldn't get back to sleep wondering if you were ever going to be able to retire. Perhaps it was when you just got tired of that constant sense that you just don't know if your retirement income is going to keep up with inflation, taxes or your healthcare costs (or maybe all of them). Whatever that thought or worry is that is weighing on your mind, now you decided it is time to get some help and do some planning rather than hoping your future will work out on its own.
Ultimately, you just want to be confident that you are making smart financial decisions that allow you to both enjoy your life today AND be prepared for the future. WHAT IS IT YOU WANT? Financial Planning can help you: Understand if you are on track for your financial goals Know confidently that you can have fun NOW without feeling like you are spending your retirement Have a better handle on where your finances are and what is possible Be educated on strategies or accounts that are available to you Know that your investments are working as hard and efficiently as you are Be financially organized (like perhaps consolidate the four old retirement accounts you have out there somewhere) Stop worrying or wondering if there's anything you are missing
WHAT IS A FINANCIAL PLAN?
A financial plan is the blueprint that tells you how you can achieve your goals while managing to deal with the problems you want to avoid.
But really, it’s about putting together puzzle pieces – gathering info, figuring out your goals and then getting personalized advice on how to make those goals happen.
PERSONALIZATION IS KEY
Personalization in financial planning is like getting a plan that fits you like a glove. It's about making sure the advice and guidance take into account your feelings, thoughts, and how you see your life unfolding. No cookie-cutter stuff—just a plan that's as unique as you are.
But, it also means that you understand what is being recommended, why it is being recommended and how it fits the big picture. Most everyone can understand the concepts in the financial world when people are communicated with (not at) in plain English, rather than lectured to in "Wallstreet-eze".
TRUE WEALTH MANAGEMENT
+
=
Wealth Management AUM (Investment Management) + AUA (Financial Planning & Consulting)
Financial Planning & Consulting
Investment Management
Financial Planning & Advice
Investment Management and Advice AUM – Assets Under Management
Upfront Financial Plan (Year 1)
Asset & Wealth Protection Strategies
On-going advice and plan renewals (Year 2)
SCOPE OF FINANCIAL PLANNING & ADVICE SERVICES
✓ Comprehensive (incl. core)
✓ Core
✓ Advanced (incl. core & comprehensive)
Financial Planning Options:
Income Tax Planning
Cash Flow Management
Retirement Planning
Estate & Charitable Planning
Family Wealth Planning
Risk Management
Investment Planning
Business Planning
✓ Portfolio Analysis and Strategies ✓ Risk Profile Analysis
Retirement Savings Strategies Retirement Income Strategies
Life Insurance Needs Analysis
Basic Estate Plans & Document Review Account Registration Review
Health and Welfare Benefits Review
✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓
Cash Flow Analysis
Tax Return Analysis
Net Worth Statement
Health Insurance Analysis
Portfolio Gain/Loss Review
Financial Literacy and Information College Education Planning
✓ Budget Construction
Plan Analysis
Tax Optimization Savings and Investment Strategies
Asset Allocation & Diversification
Social Security Optimization
Property and Casualty Insurance Analysis
Self Employment Income Planning
✓
✓
Emergency Funding
Beneficiary Audit
Self Employment Retirement Plan Selection
✓ Portfolio Rebalancing Strategies
Medicare Coverage Analysis RMD Planning & Execution
Disability Needs Analysis Life Insurance Strategies Long-Term Care Planning
Retirement Tax Projections
Detailed Estate Plan Summary
✓ ✓ ✓ ✓
✓
Debt Management
Caring for Aging Parents
Tax Loss Harvesting Strategies
✓ ✓
✓ Entity Structuring Review
Growth Strategies
Pay Stub Analysis
Estate Tax projection
Gifting Strategies
Detailed Investment Analysis
Large Purchase Funding Analysis
Withdrawal Optimization Strategies
Roth Conversion Strategies CPA Curation & Coordination
Charitable Gifting Strategies
Employee Retirement Plan Selection Buy/Sell Agreement Analysis Business Cash Flow Management Succession Plan Analysis Business Sale Tax Analysis
✓ ✓ ✓ ✓ ✓
Caregiver Support
✓ Tax Efficient Withdrawal Strategies ✓ Stock Option Analysis
Lending and Financial Strategies
Estate Attorney Curation & Coordination Federal & State Estate Tax Mitigation Trust Investment & Income Planning Generational Estate Transfer Planning Private Foundations & Endowments
Pension Analysis
Estate Protection
Special Needs Planning
Retirement Plan Benefit Analysis
Creditor Protection Strategies Advanced Insurance Trust Strategies
Family Financial Education
✓ Collateralized Lending
Passive Income Analysis
Concentrated Stock Planning
Advanced Strategies Cash Flow Analysis
Real Estate Sale Analysis
✓
✓
Healthcare Planning
✓ Equity Compensation Planning ✓ Alternative Investment Strategies
✓ 1031 Exchange Options
Stress Testing
Premium Financing
HOW DOES THE PLANNING PROCESS WORK?
Decide to work together 1/2 Payment Due
Balance Due
IMPLEMENTATION AND MONITORING
Quarterly 180 days
INTRODUCTION
GATHER& ORGANIZE
DESIGN & CONFIRM
ENLIGHTEN
Quarterly 90days
Quarterly 270 days
■ Review Situation & Assumptions ■ Set 1,3,5,10+ goals ■ Risk Tolerance Assessment ■ Preliminary Scenario Design ■ Stress Testing ■ Planning Confirmation
■ Deliver plan
■ Get to know each other ■ Identify yourgoalsand concerns ■ Roles and responsibilities ■ Align partnership expectations ■ NextSteps Decision
■ Create online
Recommendations ■ Education ■ Strategy Details ■ Action plan for implementation ■ Account(s) set up ■ Account Transfer Steps
financial profile ■ Gather Financial Data ■ Upload financial Documents ■ Initial Analysis of Data ■ Prioritize Goals & Concerns
Annual Review 360days
Quarterly check points can be done in person, phone, or virtual. ✓ Deliver plan recommendations ✓ Education ✓ Account(s) set up ✓ Action plan for implementation
30 - 60 minutes 2 weeks after ‘Getting Organized’
30 - 60 minutes 1-2weeks after ‘Introduction Meeting’
60-90 minutes 2 weeks after ‘Vision & Goals’
60minutes
HOW AMERICANS FEEL
20%
65%
82%
28%
34%
65%
54%
26%
Of Americans report at least thinking about long-term financial planning 1
Of Americans surveyed in Charles Schwab’s 2023 Modern Wealth Survey said they do not have a formal financial plan
Of people with a written financial plan say they feel financially stable, while only 40% of those without a plan feel the same level of comfort
Think about planning, but don’t actually have any sort of detailed financial plan
Have written plan, either on paper or digitally, with a strategy of how to attack at least some of their goals 1
Of those who plan felt "very confident" they would reach their
Have a plan, but haven’t taken the time to write it down
Don’t have a financial plan of any kind
financial goals, compared with only 18% of non-planners 2
1 January 2022 Hearts & Wallets -THE POWER OF PLANNING 2 2023 Schwab Modern Wealth Survey.
WHY GORDON WEALTH PLANNING?
Commitment to My Clients:
You will know what you have and why you have it because I do my best to translate “Wall Street-eze” to “Plain English” Communication and that helps the Complex become Clear . With a step by step process, the Hard becomes Easy. That means we start by addressing the biggest issues you are concerned with and build from there. Your plans, your specific strategies and the investments utilized for you will all be chosen to meet your unique life needs, goals, values and priorities. There will be a Purpose for everything. Everyone is an “A” Client. While my clients may have various levels of wealth and engage with me for different services, I only know how to provide my best efforts and level of service for everyone.
“
The goal isn’t more money. The goal is living your life on your own terms. – Chris Brogan .
If you want help from someone who will work with you… If you want to work with someone who can relate to the feeling of uncertainty… If you want to work with someone who cares as much about your life (or more) than they care about your money… If you want to work with someone who will help you feel confident that there is a process and a plan in place…
Then it is time for us to talk about YOU.
“
The future is what you create today. Every day.. – Chris Brogan
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Gordon Wealth Planning does not provide Tax or Legal advice. Please consult your own Tax or Legal professional.
CRPC® conferred by College for Financial Planning.
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