Utilizing the various financial tools of our partnered companies, our unique step process has been proven to cultivate financial efficiency throughout your life, allowing you to minimize the money you are transferring to others unknowingly or unwillingly. We begin by creating your personalized economic model, then using our Financial GPS model, we help you achieve your financial goals.
For a limited time, we are accepting new clients with no annual fees, no upfront costs, and no hidden fees. Read on to learn more of what we do.
Your Personalized Circle Of Wealth Report
Do you know your lifetime earning potential from where you are today? Let us show you what your potential is.
Your Personalized Economic Model
Your Circle Of Wealth are transferred to others, pay for your lifestyle, or are accumulated. Get your copy of your Personalized Economic Model.
Your Personalized Financial GPS Roadmap
Ready for retirement or to send your children to college? GPS shows where you are in relation to where you are going, and we can provide that to you.
Your Personalized Step-by-Step Approach to Debt Elimination
Dozens of easily-made mistakes could completely stall the elimination of your debt. You’ll have a step-by-step outline to follow to avoid failures.
Debt Xscape is possible for everyone.
“If you don’t know where you are going, any road will get you there.”
Lewis Carroll
Begin with thinking about financial planning as a roadmap to help you make important financial decisions and to plan for your future. We all strive to have the financial resources to live a long and fulfilling life and starting to plan for that future now is essential.
I’ve outlined below 9 areas where you may need help with financial planning:
Cash Flow/Budgeting
There is an old saying which states “it’s not what you make, but what you keep”. You may be surprised that some people with high incomes are also in debt because as they make more, they spend more. Understanding where your money goes and how to budget what you spend is critical to financial success. Learning to live well within your means will allow you to save and invest for your future. This is where we begin the journey with Debt Xscape.
Risk Management
Risk is everywhere around us. It can either be avoided, reduced or offloaded to an insurance company for a fee. Do you have the proper insurances in place to minimize your risk?
Tax Planning
Taxes are complex and always changing. Are you making full use of what the IRS allows for credits and deductions? Are you planning for the future and investing in a tax-efficient manner? Can you harvest losses to offset gains? If you give to charity, do you have a large capital gain in a stock or fund that you can use for a donation?
Education Planning
Are you looking to fund the college costs in the future? While we help screen the available 529 plans both within your state and nationwide, we also look at other options many forget about.
Retirement Planning
Very few people take full advantage of retirement plans. While maximizing contributions to your workplace plan is one toll, are you also taking advantage of other sources of retirement income, especially income which may be tax free. Most people I know miss this area.
When to retire/How much to spend
This is, pardon the pun, the million-dollar question for most. And while a simple question, arriving at an answer is quite complex. Doing this correctly requires specialized know-how and advanced modeling software. Here’s a good place to start.
We will help you to answer these four tough financial questions
1.What rate of return do you have to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy?
2.How much do you need to save on a monthly or annual basis to be able to retire at your current standard of living and your money last till life expectancy?
3.Doing what you are currently doing, how long will you have to work to be able to retire and live your current lifestyle till life expectancy?
4.If you don’t do anything different than you are doing today, how much will you have to reduce your standard of living at retirement for your money to last to your life expectancy?
Social Security
This is a big decision for most and you really have only one chance to get it right. Statistically, most folks don’t, as they draw their benefit too early. Also, they don’t make this decision with regard to their spouse and how to optimize the benefit over both lifetimes.
Investments
The idea of investing is not “playing the market”, or jumping in and out of stocks based on tips or your gut feeling. It’s actually a disciplined process where one invests for a long-time horizon to create a portfolio that will serve you on your journey through life and answering the the four tough financial questions listed in retirement planning
Estate Planning
Do you have your will, health care power of attorney and financial power of attorney in place? What about a preneed guardian for minor children? We will help guide you to get the right help you need.