Annual Financial Check Up Service
Sometimes we all need a little reassurance. Whether you manage all your finances yourself or if you use an advisor or something in between, having an expert review your complete picture and provide a second opinion can be very valuable. Not only will you receive unbiased and objective feedback on how well your finances are organized but we’ll also share pointers as to how you can further optimize your results. We’ll also do a full report on any blind-spots and unnecessary risks we find.
The process rarely takes more than two meetings and we stay available to you for a full year for additional questions and check-ins.
Issue Areas Covered
Cash Flow & Budgeting
Review your likely spending habits and immediate needs for the coming year. Does your income cover expenses, savings, vacations and any anticipated expense, such as home maintenance or a new car? What about other indulgences?
Emergency Fund Size
To cover things like a surprise medical bill, car repair or job loss. Usually 3 to 6 months is sufficient.
Debt & Credit Management; Privacy Protections
Review and optimization of credit card balances and loans. Review credit reports. Review identify theft protocols.
Retirement Savings Analysis
Is there a plan in place? Is it current and realistic? How have the portfolios performed? Are changes needed?
Evaluate Insurance Coverage
Needs-based review of life, health, disability, property & casualty, auto, personal liability and long-term care coverages. Coordinate with employer-based benefits.
Optimize your Taxes
Are your tax strategies optimized for deductions, credits, retirement and education savings, dependent care, medical expenses and charitable giving? Are your withholding levels correct?
Educational Savings
If you have kids, you probably want to save for their college educations. Optimize your planning: 529 Plans, Prepaid Tuition, Custodial Accounts, Coverdell IRAs etc. Understand the financial aid landscape.
Plan for the End – Estate Planning
Wills, trusts, beneficiaries, health directives, powers of attorney, etc. Marriage, divorce, deaths and changes in financial circumstances can necessitate revisiting your estate plan.
Fees for this service can be found here.