WHAT TO EXPECT IN A FINANCIAL PLAN ///
Venstone AG
WHAT TO EXPECT IN A FINANCIAL PLAN /// • A customized, unbiased proposal based on your unique needs, resources and goals • Practical strategies to navigate the complexities of your financial life, building on strengths and addressing weaknesses • Flexibility to handle the good, bad and unexpected in personal and professional lives • Help monitoring and revising to meet your goals as well as your lifestyle
A CPA FINANCIAL PLANNER’S APPROACH /// • The AICPA Statement on Standards in Personal Financial Planning Services and CPA Professional Code of Conduct – “in the client’s best interest” • Apply all of the objectivity, integrity and diligence you expect from a CPA • Integrate tax considerations within the entire financial plan • Consider how decisions affect other areas of the plan • Identify and address areas of risk in the plan
WHAT ARE YOUR NEEDS? /// A clear understanding of where you are and where you want to be Income tax planning and preparation
Education planning
Estate planning
Strategic business planning and consulting
Retirement planning
Risk management planning
Investment planning
INCOME TAX PLANNING AND PREPARATION • Impact of tax-law changes • Short- and long-term planning • Reducing future liability • Dealing with the IRS
ESTATE PLANNING • Review wills, trusts and retirement plans • Keep all documents up to date • Preserve assets for the next generation and reduce tax liability • Honor your wishes
RETIREMENT PLANNING • What does your retirement dream look like? • How much is needed to get there? • Primary sources of retirement income and distribution models • Tax-efficient financial choices can be considered
INVESTMENT PLANNING • Risk tolerance • Asset allocation and cash flow • Investment options • Tax implications • Strategies for financial setbacks or windfalls
EDUCATION PLANNING • Strategies for consideration • Tax credits and deductions • Involving your children • Updating your plan to reflect life-event changes
BUSINESS PLANNING • A realistic business plan • Organizational structure • Financing • Employee benefits, executive compensation, retirement plans, insurance and other considerations • Integration with personal financial goals and plan
RISK MANAGEMENT PLANNING • Protection of assets • Understanding liability in business ventures • Affect of loss on income or assets • World events, both natural and man-made
SELECTING A FINANCIAL PLANNER /// • Relationship and trust • Adherence to a professional code of ethics • Education, qualifications and credentials • Complex tax knowledge • Year-round availability