A CERTIFIED FINANCIAL PLANNER™ professional has the distinctive position of being able to see and understand your full picture. By working with other professionals, such as your accountant and attorney, they are able to help align all aspects of your financial life.
Building a sustainable income stream from a lump sum of savings is one of the biggest challenges people face as they approach retirement. We help our clients organize complicated situations and bring simplicity to their financial lives. We work with you to develop an actionable plan that focuses on the things you can control. We help you consider all aspects of your life in retirement and develop a plan based on your needs, wants and wishes. This is a plan that is continually reviewed and updated to reflect the changes in your life.
A good financial plan covers contingencies for the unexpected. Nobody likes paying insurance premiums, so it's important to prioritize your vulnerabilities to make sure you are getting the most cost effective coverage. We help you identify the risks to your income and assets, and work with experienced professionals to determine your best options for coverage. At each stage of your life your insurance needs change. Without making adjustments, this can lead to some risks being over insured or under insured.
Estate Planning provides reassurance by creating certainty over how your assets will be distributed after your death. Dying without a proper estate plan can expose your assets to unnecessary taxes and legal fees. Even worse, it can tear families apart. Receiving a large and sudden inheritance isn't always good for some people. Proper planning can help ensure that your legacy will have a positive effect on your heirs. In coordination with your attorney, we help you examine both the financial and legal elements of estate planning including power of attorney, advanced directives, trusts and beneficiary designations.
Nearly all of the decisions we make with money involve tax considerations. Those decisions can be made easier by working with a CERTIFIED FINANCIAL PLANNER™ professional who understands how the current tax code affects your unique situation. Tax planning involves many different aspects, including the timing of income, purchases and other expenditures; the selection of investments and types of retirement plans; and a person's filing status and common deductions. We work closely with your accountant or introduce one to you.
*Raymond James does not provide tax service or advice.