In today’s competitive marketplace, the ability to recruit, retain, reward and retire employees at all levels is often the critical difference between business success and failure.
Areas to Consider in Financial Planning
Cash Flow Analysis
- Cash reserve
- Debt management
- Net worth
- Discretionary income
- Anticipated inflow/outflow
- Lines of credit
Asset Protection
- Insurance audits and needs analysis
- Real property (homes, vacation homes, condos)
- Personal property (autos, collections, yachts)
- Personal liability
- Life insurance-permanent, temporary
- Disability insurance
- Long-term care planning
- Special needs protection
- Business insurance
- Health insurance
Investment Planning
- Stocks, bonds, mutual funds, ETF’s, options
- Wrap accounts, brokerage accounts, direct accounts
- Dollar cost averaging
- Asset allocation
- Diversification
- Risk tolerance
- Education funding
- Tax considerations
Tax Planning*
- Tax deferral
- Tax avoidance
- Withholding tax
- Qualified vs. Non-qualified accounts
- Filing status
- Business ownership
* Request the guidance of your professional tax and/or legal advisor before making any decisions
Retirement Planning
- IRA accounts: traditional, ROTH, SEP, SIMPLE, stretch
- 401k Rollovers
- Annuity income streams: fixed and variable
- Healthcare
- Life stage adjustments
- Minimum distributions
Estate Planning
- Asset ownership
- Trusts, wills
- Trust funding
- Succession planning
- Special needs dependents
- Estate balancing
- Gifting
- Estate liquidity
Business Planning
- Business valuation and succession planning
- Recovery planning
- Buy/sell agreements and funding
- Key man insurance
- Group insurance: medical, dental, life, long-term care
- Retirement programs: 401K, profit sharing, SEP, SIMPLE, defined benefit
- Executive benefit plans: executive bonus, split dollar, deferred comp
- Gifting
- Comprehensive planning
- Employee benefits
