Process of Individual Retirement Planning
Successful planning is much more than accumulating assets, it’s about connecting your wealth with your values so that you can do what matters most to you. Our process helps you to clarify your financial decisions so that you can be certain that you are taking the critical steps necessary to accomplish your goals.
Through a series of meetings, we unpack visual frameworks to educate you on best practices in financial planning. We then begin to collaborate with you to link these frameworks to your financial circumstances so that you have projections that uniquely represent your circumstances and goals. This is what we like to call “client financial review (CFR).”
This process includes building a personal balance sheet, projecting retirement resources over time, linking your asset allocation to such projections and integrating your financial and estate plans.
With dozens of different inputs and assumptions, the CFR allows us to collaborate in changing the assumptions on the spot to show what might happen if your expenses, rates of return, pensions, cost of living adjustments, Social Security benefits, long-term care needs, legacy gifting goals or other inputs change.
As you engage in this collaborative process, you will have increasing confidence that you have considered a breadth of different potential scenarios and made choices that truly align your wealth with your values. Thereafter, regular updates of the plan ensure that you have a sense of your progress toward your goals and any important steps to taken as you continue to move forward.
Five Principles of Retirement Plans: STEMP
Our Retirement Planning Steps:
Step 1: Initial Client Financial Review (Money In & Out)
Step 2: Financial Goal Setting
Step 3: Planning with Time-frame
Step 4: Individual Solutions & Applications
Step 5: Review and Course Corrections (Annual Financial Review)
Individual Retirement Tools & Strategies :
Cash Value Life Plan
Investment advisory services offered through Allmerits Asset Management, LLC, a Registered Investment Adviser firm. Allmerits Asset Management does not provide legal or tax advice. Investment Adviser Representatives of Allmerits Asset Management may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and Annuity products are sold separately through Allmerits Financial and Insurance Service. Securities transactions for Allmerits Asset Management clients are through Trust Company of America, TD Ameritrade and Nationwide.