Goals and Objective Summary
The first and most important part of the comprehensive financial planning process is to identify goals and objectives. This process involves stating the personal life goals of each of our clients as it relates to the six areas of financial planning.
Cash Flow Analysis
The next phase of the financial planning process involves reviewing our client’s cash flow. Analyzing a client’s cash flow is his or her reality check. The difference between what comes in and what goes out is a gauge of one’s financial health.
Insurance Planning
As part of the Insurance Planning process we will perform a comprehensive review of our client’s Umbrella, Homeowner’s, Auto, Long-Term Disability, and Long-Term Care Insurance to determine its appropriateness and completeness.
Tax Planning
Sea Clear Financial Planning, LLC advises clients on ways to reduce taxes through the use of deductions, exemptions, and investment strategies. We review client’s withholdings and offer strategies to minimize large returns or payments.
Investment Planning
At Sea Clear Financial Planning, our Investment Planning approach is to build an investment portfolio that is capable of accomplishing our client’s financial goals while matching the level of risk in the portfolio to our client’s tolerance for risk.
Estate Planning
The Estate Planning process involves reviewing our client's current estate planning documents (wills, living wills, powers of attorney, etc.) Through our Estate Plan Document Summary we will summarize the individuals our clients have chosen to carry out their wishes.
Education Planning
As part of the Education Planning process we will discuss our clients wishes for education funding and determine an appropriate method or methods to accomplish these goals. We will prepare a detailed analysis to determine the needed level of savings to meet those education goals.
Investment Management
At Sea Clear Financial Planning, our investment philosophy is simple. We invest for the long term. That means investing with patience and confidence. It means tuning out the short-term noise that distracts many investors, impeding their chances of reaching their goals.
Comprehensive Financial Planning
At Sea Clear Financial Planning, our ongoing financial planning services involve implementing, updating, and revising our clients Comprehensive Financial Plan throughout the year. Through meetings our clients are able to clearly see the progress they are making towards achieving their goals.
Retirement Planning
The Retirement Planning phase involves integrating the age our clients would like to be financially independent given their resources and stated financial goals. It involves reviewing current living expenses and establishing an expected retirement living expense.