Financial Planning
Financial planning is a process (not a product) that allows people to reach their financial goals. At FiscalWise planning strategies are tailored for each Client's individual needs. A plan becomes the compass that you use to travel to a chosen destination. The plan will link the past, present and future.
At FiscalWise, we begin by assessing our Clients current situation, and then create and implement a road map for achieving the most important goals. Your Client and (if applicable) their partner provide detailed information about their personal and family goals, along with attitudes about risk tolerance, taxes, debt, and security.
Most financial plans will address and make recommendations on the following:
- Investment Repositioning
- Strategic Tax Planning
- Risk Management
- Retirement planning with multiple scenarios
- Estate planning review with multiple scenarios
Dollar quantification of each goal is an important facet of financial planning. Once needs are measured, an order of priority must be established. Naturally, we give first preference to those things that are considered most important. We analyze and discover weaknesses in the present plan, and evaluate how assets are positioned, taxed and risk-managed. We will determine the person or persons responsible to monitor and carry out each part of the plan and communicate results.
Periodic reviews will be conducted to understand the current financial situation and make necessary changes. FiscalWise will identify relevant issues and provide practical solutions to meet your financial objectives. These may include the reduction of taxes, the maximization of investment returns, cost-effective insurance management, and attaining financial peace of mind.