Our financial planning service is $1,000 – $3,000 for the initial plan. Then as an ongoing fee that is paid monthly or quarterly, in advance, at the rate of 1-2% of income + .3% of net worth/year.
Income is determined by the previous year’s Adjusted Gross Income.
Net Worth is determined by total net worth including personal residence less rental real estate less privately held business interests. Total Net Worth is comprised of cash and cash equivalents, investment accounts, retirement accounts, personal residence, vacation homes, collectibles held for investment, credit card debt, mortgages, student loans, vehicle loans, and other liabilities. Not included in this calculation of net worth are cars and other vehicles, personal property, furniture, assets, or liabilities owed by related parties, and collectibles not held for investment.
With the ongoing service you will receive support to help implement the financial plan and we monitor the plan as your life unfolds. We will be there to hold you accountable. We evaluate and take into consideration:
We are available for hourly advice at a rate of $100-$200 per hour. We will focus your goals and guide you to success. This is available for those who are not ready for the complete financial plan. We will provide advice on 1-2 of the areas.
A FEW AREAS COVERED IN THE PLANNING PROCESS
CASH FLOW MANAGEMENT
- Goal Setting
- Income Sources
- Savings Categories
- Spending Categories
- Opportunity Costs
- Automate Saving and Spending
- Workplace Benefits
- Emergency Fund
- Insurance Analysis
- Basic Estate Planning
- Student Loans
- Asset Allocation
- Transfer Support
- Retirement Planning. Have enough?