When building a financial plan first we analyze your individual situation, risk profile and investment goals. Taking all those factors into account we construct a customized financial plan and investment portfolio that addresses your unique needs.
It is our philosophy that a financial plan needs to be balanced for safety, income, growth, taxes and inflation. Therefore, our recommendations include strategies that minimize taxes, enhance and stabilize retirement income, and provide for liquidity and flexibility while at the same time reducing your risk exposure without sacrificing returns.
Investment Advisory Services offered through Legacy Advisory Services, LLC, a Registered Investment Advisor.
Analogy of a Financial Plan
A written Financial Plan is the equivalent of a blueprint for a building:
A blueprint is a technical design of a building; your financial plan, taking into account your unique goals, objectives and risk tolerance, serves as the detailed plan that will be used to build your financial structure.
Investments are the material used to build the blueprints:
After developing a financial plan we need to utilize the best investments and strategies that fit your blueprints to achieve your goals and aspirations. Just like in constructing a building using quality materials greatly affects the finished product.
Just as a building must adhere to building codes your financial structure must adhere to tax codes:
A building permit for your financial structure must be filed each year with the IRS by April 15th. You not only need to be aware of the codes; but also how to structure your assets to take advantage of the tax code. Your financial plan and investment plan need to be continuously monitored to assure the least amount of taxes are paid annually.
If ongoing maintenance is neglected on your home things begin to break down. Continuous monitoring needs to be provided on your financial structure to prevent break downs in the plan.