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Financial Focus

November 17, 2020

The U.S. Presidential Election has come to an end, and we are all ready to focus on our financial futures. We last left off discussing the 6 key components of financial planning as October is known as Financial Planning Month.

We've discussed cash management, investment approaches and retirement preparation in volume 2 , issues 21,22 and 23. In this issue, we will finish up the topic by discussing protection strategies, tax management, and estate strategies. Each of these financial planning strategies are part of our Vision Process in which we conduct a special meeting with all of our clients called the Financial Focus. Click here to learn more about our Vision Process. 

Protection Strategies: This area looks at how you prepared for life's potential financial risks. Protection strategies also can include health-care considerations. By the way, did you know that 44 percent of Americans cite "declining health" as their second biggest retirement concern?

An Arm and a Leg
A visit to the hospital can be painful, for both your body and your wallet. Don’t let it be more painful than it has to be.

Tax Management: Do you feel comfortable with current tax laws? Are you confident about your approach to tax management? Tax rules are constantly changing, and there is no guarantee that the tax landscape will remain the same in years ahead. During our Financial Focus meeting, we work with tax professionals when creating an overall tax management strategy.

The Facts About Income Tax
Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.

Estate Strategies: How well you prepare today may help determine how you distribute your assets after you're gone. Much like tax rules, estate rules are continually changing, and today's landscape may change in a few years. In our Financial Focus meeting, we work with legal professionals when creating an estate approach.

When Do You Need a Will?
When do you need a will? The answer is easy: Right Now.