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Integrity Wealth Advisors Sample Financial Plan
- 2. The Integrity Way The first step is discovery. What are your unique goals and wishes? Your fears? What is your current financial situation?
- 3. The Integrity Way Planning is bringing the future into the present so that you can do something about it now. - Alan Lakein, author
- 4. Then comes "Plan"... Starting with Cash Flow Analysis First, we'll put together a high-level cash flow analysis We want to establish a Lifestyle Calculation to find a baseline of what you're currently living on.
- 5. Your Unique Planning Prioritize Your Goals We build your financial plan around those unique goals and wishes from our Discovery process.
- 6. Your Unique Planning What are your expectations for retirement? What are your concerns?
- 7. Social Security Ws you are. Social Security Analysis: We help you understand the claiming strategies available. Are you eligible to receive a pension? Do you understand your payout options?
- 8. Retirement Funding Sources What retirement assets have you accumulated to this point? How much are you adding to your accounts each year? How much does your employer contribute? This is a consolidated view of all household assets
- 9. Net Worth Tracking Calculating Your Net Worth And Tracking it Year Over Year
- 10. Life Insurance Needs Analysis Do you have the right amount? Is it the right type? Is it cost-effective? What do you want your insurance to take care of? e.g. Paying off mortgage, cover children's college expenses, fully fund spouse's retirement, leave a bequest, etc.
- 11. Asset Allocation Review Do you know why it's important? Do you have an investment policy? How much risk are you taking? Does your allocation need adjusting?
- 12. Retirement Planning We run a Monte Carlo simulation, or 1000 trials of how things could happen, to determine your probability of success . What's your retirement outlook? Working together, we will implement strategies to bridge the gap from your current scenario to your goal scenario. We want to help you retire comfortably and more importantly- stay comfortably retired.
- 13. Technology to Make Planning Easier We want to help you retire comfortably and more importantly- stay comfortably retired. Easy cash flow tracking to help you stick to a budget. Client portal that shows balances of every account that you own and calculates your net worth. This all feeds directly to our planning software.
- 14. Organization and Accountability Detailed Agendas for every meeting, followed by a Summary Letter of all important info covered. Action items are included in the Summary Letter to keep both parties accountable and on track.
- 15. Are you ready to remove the guesswork from your financial life? www.integritywa.net 574-703-3987 Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors. Integrity Wealth Advisors is not affiliated with the Securities America companies.