The Planning Process
This outline provides the process for the financial and estate plan for our clients and their families. Below please check off all of the appropriate boxes that fit your personal situation.
Am I saving enough to meet my retirement goals?
Are my investments allocated appropriately for my goals?
How much should I be saving for my children’s and/or grandchildren education?
What are the best investments for retirement and education saving?
Is now the time to reallocate my investments?
Should I put my extra income toward savings or debt?
Do I have proper insurance coverage for all areas of my life?
How much life insurance is appropriate for me at this stage of my life?
Do I really need a Will? What other planning vehicles are appropriate for me?
How do I ensure my assets will reach my chosen family members?
Am I taking full advantage of my employee benefits?
To help you respond to these important questions, what areas of planning would you like to discuss?
Personal Financial Planning
Retirement Planning Strategies
Cash Flow Spending Plan
Gifting Program
Estate Planning Advice and Options
Lump Sum Distribution Advice
Ongoing Asset Management
Life and Disability Insurance Needs Analysis
Evaluation of Investments Strategy
Review of Employee Benefit Programs
Highlights of Activities and the Planning Process
We will assist you in the development of your personal financial and estate plan after consideration of your goals and objectives, and an evaluation of your present financial and estate situation. Our approach will include the following steps:
The initial phase involves accumulating and organizing facts about your current and desired financial status, and identifying your specific goals and objectives. We will accomplish this through a preliminary meeting and possibly through the use of a data-gathering questionnaire. In addition to the quantitative data obtained on our questionnaire, we may request copies of other pertinent documents such as brokerage statements, wills, trusts, company-provided fringe benefits, tax returns, and insurance policies.
After we receive the information we will organize and enter the data into our financial and estate planning projection software and analyze the results. We will then have varies professionals in our office review and analyze the financial/estate plan for suggestions and comments. Based upon our team input and recommendations, we will develop planning ideas in varies areas based upon your goals and objectives. We will then develop a discussion outline that will recap your goals and objectives and list recommendations we may deem appropriate at this time.
The next phase is to set up a meeting with you to discuss a draft of our preliminary recommendations and analysis. You may use this meeting to verify the accuracy of the data and validate the assumptions used for your projections. We will revise our analysis and recommendations, if we deem it necessary or if we obtain additional information.
With your approval and acting as your personal financial advisor, we will coordinate the implementation of your plan with any insurance agent and/or investment manager, of your choosing, or Anchin Wealth Management LLC can introduce professionals in these areas that have passed our due diligences process.
Any suggestions that our team recommended regarding your Will and/or Trust, will be coordinated with your attorney. If you would like Anchin Wealth Management LLC to recommend legal counsel, we can provide qualified professional referrals. With your approval and acting as your personal financial advisor, we will coordinate with legal counsel the completion of all documents.
We will then finalize your financial and estate plan for this point in your life, set time goals, and establish responsibilities for the implementation of each recommendation.
Financial situations can change from year to year, therefore; Anchin Wealth Management LLC strongly suggests annual, or as needed, future update meetings with our team.
