Broker Check

Details of the Financial Plan

Each individual’s plan is unique. It may or may not include all the contents indicated below and may vary in subject matter. A financial plan may include collaboration with other professionals such as an estate planning attorney and accountant.

Income Tax and Cash Flow Planning
Current Income Tax Estimate
Projected Income Tax Estimate
Tax Planning Ideas
Personal Cash Flow Analysis
Current Annual Living Expense

Investment and Portfolio Planning
Current Balance Sheet 
Asset Composition (Chart)
Analysis of Projected Returns 
Individual Property Analysis 
Investment Asset Reposition 
Potential Sale and Purchase 
Review of Debt

Retirement Planning
Management of Wealth
Capital Needs for Retirement
Estimate of Retirement Spending Needs
Estimate Savings to Meet Objectives
Retirement Suggestions

Dependent Funding
Estimate Cost for Dependent and Other Funding Needs
Savings Level Required to Meet Needs
Summary of Funding Alternatives

Estate Planning
Your Estate Planning Objectives
Review of Your Wills, Trusts and Other Documents
Estate Shrinkage
Estimate of Tax Liability

Insurance Planning
Capital Needs Analysis
Review of Your Insurance Portfolio and Costs
Disability Needs Analysis
Review of Major Medical and Long Term Care Insurance

Summary of recommendations made throughout your Financial Plan

Please Note: The scope of any financial planning and consulting services depends upon the terms of the engagement and the specific requests and needs of the client (financial planning is generally provided per the terms of a separate agreement and fee). Professional Planning does not serve as an attorney, accountant, or insurance agent. Professional Planning does not prepare legal documents or tax returns, nor does it sell insurance products. If the client desires, one of the Professional Planning's representatives, in their separate individual licensed capacities, can be engaged to provide insurance sales/services as described on Professional Planning's written disclosure Brochure, per the terms and conditions of separate engagement and fee.