Save For College
Lower Taxes
Optimize Equity Comp
As seen in:
Working with a financial planner may benefit you
Like other parents with young children, do you wonder about
College Savings
- Are we saving enough for college?
- Are we investing in the right investment vehicles?
- Our child would like to attend an Ivy League school. Can we afford it without jeopardizing our retirement?
- State school or private school – we can’t decide. Can you help?
Retirement Planning
- Are we investing correctly?
- Are there better ways to save for retirement?
- Are we on track to retire by 65?
- Are we maximizing all our retirement options?
- I would like to take an early retirement and travel the world but my spouse worries that we will outlive our assets. Is early retirement a possibility?
Pursuing Dreams
- I make decent money and my spouse works part-time. I would like to take a sabbatical from my full-time job and start a business. Do our finances support that possibility?
- We would like to buy an investment property and start an AirBnB. Is this a good idea?
- My friend asked me to invest in a rental property with her. How do I evaluate if this is a good decision?
Estate Planning
- We expect our assets to grow to a few million dollars over our lifetime. How do we make sure that our we pass these assets to our children without paying high taxes?
- We have minor children. We want to make sure that they are taken care of if something happens to us. What’s the best way to protect them?
- Is an estate plan only for the ultra-wealthy?
Fee-Only Financial Planning Services for Young Families
Investment Analysis
Review all your current investments and how they are allocation across different asset classes and tax structures. Develop an optimal asset allocation strategy to meet your financial goals and risk tolerance. Provide specific recommendations on investment vehicles and strategies. As an advice-only planner, I do not manage assets but I provide tangible investment advice for you to implement.
Workplace Benefits
Review your existing employee benefits – whether you work for someone or are self-employed. Find opportunities to take maximum tax benefits and employer contributions. This includes employer plans such as 401(k), 403(b), HSA plans, mega-backdoor Roth conversion opportunities, etc.
Tax Planning
While you may be relying on your CPA to provide tax guidance, a good CPA only helps you save on taxes this year and next. My goal is to help minimize taxes over your lifetime and maximize your assets to achieve your desired goals.
Retirement Planning
Review how much you can spend in retirement based on the projection size of your retirement portfolio. Determine if the projections support an earlier retirement.
Risk Management
Review your existing home, and auto insurance policies, and life and disability insurance policies. Analyze your exposure to major risks
that could have a significant adverse impact on your financial picture, such as premature death,
disability, and property and casualty losses. Recommend specific amounts in insurance.
College Planning
Review your existing college plan and provide projections on options such as state college vs private schools. Make specific recommendations on investment vehicles and fund options to save for college.
Do I need a financial planner?
If you answered yes to any of the following questions, a financial planner may help you achieve your financial goals. Let’s talk and find out. Schedule a quick 15-minute call to determine whether your will benefit from financial planning. The call is free with no strings attached.
- How much should we save every month to make sure we can fund our children’s education?
- How can we prepare for unexpected expenses or emergencies?
- Are we on track for retirement?
- How much should we contribute to our 401(k) plans?
- How do we choose the right investment accounts for our goals?
- Is our asset allocation optimal for our financial goals given our time horizon, liquidity needs and risk tolerance?
- Should we pay off our mortgage early or prioritize investing?
- Do we have adequate insurance to protect our family and home?
- What’s the best approach to saving for a down payment on a house or an investment property?
- Should we consider creating a will or trust?
- How can we maximize our tax deductions and credits as a young family?
- What steps can we take to minimize financial stress and improve our financial well-being as a family?
- What are the benefits of starting a college savings plan early?
- We would like to start a business. What factors should we consider before taking the plunge? Can we afford to live without a W-2 income?
- Can we save on home, auto and umbrella insurance by shopping around for lower rates?