Broker Check

The Value of a Comprehensive Financial Review

What is it and how will it help?

It is easy to get lost in the thought of financial planning and to feel overwhelmed at the idea of risk. But as you picture the next several years of your life it is important to understand your current financial situation and to establish a future strategy based on your unique financial goals. 

Much of financial planning focuses on the rate of return, risk and reward analysis to create a suitable plan for accomplishing a client’s goals. In many cases, this approach may overlook better opportunities based on your goals and current financial situation. To avoid that oversight, we offer a comprehensive financial review which considers how insurance products and other financial vehicles can adequately fit your needs and help prepare you for retirement. 

How Can a Comprehensive Financial Review Help You?

First, ask yourself the following questions:

  • Do you have a process for how your assets will be allotted?
  • Are your finances properly aligned with your financial goals and objectives for retirement? 

Most people do not understand the impact that asset allocation can have on income distribution, future income taxes or taxes on Social Security. This is why it is important to understand your goals and current income, because depending on how your assets are currently allotted, you may be subjecting yourself and your family to cover future long term care costs or other expenses that life may throw your way. If not properly allocated, additional cost and delays may affect the probate process, which is handled by a qualified estate planning attorney. 

The comprehensive financial review may help detect potential problems within your financial planning strategy and through this process we will help establish your objectives and create a plan that better aligns with your future goals and current financial situation. Our comprehensive financial review will identify savings and financial tools you may need based on your unique situation. We recommend partnering with a qualified attorney and tax professional to ensure your legal documents are in order and to establish and maintain a tax-efficient plan for your retirement assets. 

Ultimately, the comprehensive financial review will offer a clear vision into your financial situation that will better prepare you for a successful financial future based on your goals and objectives. 

Three Reasons to Consider a Comprehensive Financial Review:

1. Coordinate and Focus Your Financial Strategy

The comprehensive financial review helps to align the purpose of your retirement plan. Think of it as a spring cleaning, out with the old outdated strategy and in with a plan that will organize and support your legal, financial and income planning goals to better prepare you for retirement.

2. Problem Solving Without the Guesswork

With your previous financial strategy, you may have been advised to grow your assets in a way that did not show direct results. At COMPANY, our process is much different. We believe in finding financial solutions that will drive you towards your goals. The comprehensive financial review will address a variety of areas such as tax strategies, money management, asset protection, insurance planning and/or legal documentation. Through these strategies, we work with you to establish a time and set clearly defined, measurable goals. 

3. Explore and Address Retirement Concerns

While retirement strategizing is complex, the comprehensive financial review helps you explore and understand various strategies that will address retirement income and legacy planning concerns. Most of all, we want to encourage and support you as you strategize for retirement and prepare for the next stage of your life.

Ready to Talk?

Thank you!