Financial Planning

Financial planning pulls all your finances together, organizing them and making management easy and effective. The more you understand and better manage your wealth, the more prepared you are to work towards your goals and dreams.

 

Creating a financial plan will help you:
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  • See your finances from a holistic point of view, so you understand how your individual financial decisions impact your overall financial success.

  • Create integrated strategies that take into account the interconnectedness of your financial activities.

  • ƒƒIdentify your long-term financial goals and the steps needed to pursue those goals.ƒƒ

  • Track your progress and make adjustments as you experience new life events or develop different perspectives.

 

When you partner with a professional, you’ll gain:

 

  • ƒƒKnowledge of options and alternatives tailored to your specific financial situation.

  • Connections to a network of professionals (accounting, legal, realestate, insurance, trusts) when additional expertise is needed.

  • ƒƒUnbiased advice and support from an experienced professional committed to guiding you toward long-term financial well-being.

Planning Process
 
Planning Areas
 

 

 

*The Advisors at Abelow Pratt & Associates and LPL Financial do not provide tax or legal services.

 

 

 

Hourly and Annual Financial Planning Services are available.

 

 

 

 

Financial Position	•	Cash Reserve Levels •	Cash Reserve Strategies •	Debt Management •	Cash Flow Management •	Net Worth	•	Discretionary Income •	Expected Large Inflow/ Outflow •	Lines Of Credit •	Debt Planning / Strategies •	Goal Planning & Savings  Protection Planning	•	Deductibles Vs. Cash Reserves •	Disability Insurance •	Long Term Care Insurance •	Life Insurance •	Umbrella Liability  •	Property & Casualty	•	Policy Status •	Policy Loans •	Beneficiary Designations •	Special Needs Coverage •	Business Buy / Sell Planning •	Estate Planning Considerations Investment Planning	•	Asset Allocation •	Education Planning •	Lump Sum / Inheritance •	Options – Restricted Stock •	Options – Deferred Compensation •	Alternative Investments	•	Tax Implications •	Cost Basis Tracking •	Timeframes •	Diversification Strategies •	Dollar – Cost – Averaging •	Market Timing Issues Tax Planning*	•	Tax Reduction Strategies •	Tax Deferral •	Tax Advantage Strategies •	Future Taxes Due •	Withholding •	Investment Tax