It starts with our Living Financial Plan
It starts with our LIVING FINANCIAL PLAN:
A proprietary financial plan that is written together and updated annually.
THE FINANCIAL PLAN IS:
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used to guide our investment decisions
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short and easy to understand
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frequently referenced
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a part of our relationship
We created a proprietary financial plan that is written together with you and updated annually.
YOUR FINANCIAL PLAN IS:
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an actionable guide for investment and savings decisions
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short and easy to understand
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available to any investment management client
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an integral part of our relationship
YOUR FINANCIAL PLAN IS NOT:
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an expensive document that you are "sold"
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80 pages (ours is about 8)
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full of throw-away charts and graphs
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something you will never look at again
CONTACT US to start your conversation on planning and investing.
Additional Resources
What could you bring to our first meeting?
Here is a comprehensive list of the documents that you can bring to our planning meeting. We will use this to create your numerical financial plan.
In addition to the quantitative piece of the equation, we ask that you consider the financial life questions also. This is what we call the qualitative side of planning and is just as important to the creation of a living plan that you can really live with long-term!
A Letter of (Love) Instructions
There may be some comfort in the miasma of paperwork, but it is doubtful that any comfort extends to the paperwork required after a loved one has died. Grief makes otherwise easy tasks daunting.
It is with that in mind, we encourage all of our clients and friends to consider filling out a Letter of Instruction. It contains instructions for your funeral, burial, and final management of your affairs. While completing this will take thought, time and can be draining, it is far better to get your wishes down now, than to leave things uncertain.
Keep a dated paper copy with your personal records and send to those who will likely be handling your affairs (spouse, siblings, attorney).
Your Net Worth Statement
One way to judge how your financial fortunes are changing over the years is to keep a personal Net Worth Statement. Also called a balance sheet, taking a snapshot of your assets and liabilities can be a valuable track record of your progress. Use our sample as a guide for setting one up for yourself. Make a habit to update regularly, or at least once a year.
Keeping up with budgeting
Another way to keep up with finances is to budget. A daily, weekly or monthly habit will do wonders for helping your and your family stay on track. There are excellent online software tools but using something like Excel is great too. Just find something will work and inspire you. Here are some Excel samples to check out.
© 2018 Serene Point Advisors