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What does a Financial
Planner do?
Can
you help my Company save money on my Health Insurance costs?
What
type of retirement plan should I have for my company?
What
is the difference between a Financial Planner and a Stockbroker?
Can you act as my
stockbroker?
Can
you manage both my portfolio and my stock holdings?
What is the cost of
your services?
What services do I
get for my money?
When
is it appropriate to retain a Financial Planner?
How much money do I
need to retire?
Do
you think Long-Term Care Insurance is necessary?
What is your
opinion of irrevocable trusts?
What
does a Financial Planner do?
A financial planner will do an in-depth analysis of your
total financial situation. This includes concerns about
investments, retirement, estate planning and many other areas.
Not only does he set up a plan for you today but he also works with
you throughout the years so that you can meet all of your financial
objectives.
<back to top> Can
you help my Company save money on my Health Insurance costs?
Yes. Because health insurance premiums are driven primarily by
the medical utilization of your employees and their dependents it is
important to design a plan that allows your employees to use their
medical coverage wisely at the lowest possible cost. We will
design a plan that does just that. This includes optional
benefits that let your employees choose the best plan based on
their own personal circumstances. In addition, we will
integrate an active health awareness program designed to keep your
employees healthy and your insurance costs down. An added
benefit to the health awareness program is that it creates an
employer friendly atmosphere for your employees.
<back to top> What
type of retirement plan should I have for my company?
Your retirement plan depends on many factors. How many
employees you have and the amount of employee turnover. Who is
going to make the contribution, the company, your employees or
both? What are you trying to accomplish with a retirement
program? Is it to attract and retain employees or do you wish
to divert more of the contributions to those closest to
retirement? Are you willing to give up some control over the
plan for having little or no administration costs? We will help you
design a plan that solves the specific needs and goals for you and
your company.
<back to top> What
is the difference between a Financial Planner and a Stockbroker?
A stockbroker executes orders to buy and sell securities. Some
full service stockbrokers will research and suggest stocks to buy or
sell. However, they are more "order takers" in that
they do not coordinate your investments with your overall financial
plan. A financial planner on the other hand, not only will
make recommendations on individual stocks and mutual funds but will
also execute a complete financial plan covering all aspects of your
life. In addition, they will review your plan periodically.
<back to top> Can
you act as my stockbroker?
Yes, we are licensed to buy and sell individual securities such as
stocks and bonds in addition to mutual funds and limited
partnerships.
<back to top> Can
you manage both my portfolio and my stock holdings?
Yes, you can authorize us to manage your entire investment
portfolio.
<back to top> What
is the cost of your services?
The cost of our services depends on what you need. There is a
management fee if you wish us to manage your stock or investment
portfolio. In other instances an investment company may charge
a contingent deferred sales charge on your transactions. If
you wish to have a complete unbiased financial plan analysis, we
charge on a case by case basis, but typically $300 would be an
average fee.
<back to top> What
services do I get for my money?
If you are interested in a complete financial plan we will initially
interview you and your spouse. We will consider many factors
such as your family make up, assets, liabilities and what you wish
to accomplish in the areas of college education, retirement
planning, investment needs, income taxes and estate planning.
We will then put together a recommended plan of action that not only
solves your problems today but also will continue to evolve as your
personal situation changes.
<back to top> When
is it appropriate to retain a Financial Planner?
A financial planner will help you in all financial aspects of your
life; whether you are a young person just starting out, a family who
needs to develop a strong savings, investment and estate plan or a
retired individual who wants to enhance their retirement years and
conserve their estate for themselves and their family.
<back to top> How
much money do I need to retire?
That depends. Your needs at retirement will be based on many
factors; including the lifestyle you wish to live, your health and
the amount of liabilities you have at retirement. With a
complete analysis we are able to determine how much money you will
need at retirement and the best way to achieve your goals.
<back to top> Do
you think Long-Term Care Insurance is necessary?
It depends on your circumstances. If you are extremely wealthy
you may be able to self-insure any nursing home costs. On the
other hand, if you have little in assets, you may be eligible for
government programs. However, if you have assets which you
want to protect for your spouse or children, it makes sense to
consider insuring a part of your assisted care needs with Long-Term
Care Insurance.
<back to top> What
is your opinion of irrevocable trusts?
Like most estate planning tools, wills and trusts (both revocable and
irrevocable), have advantages and disadvantages. An irrevocable
trust will save legal fees at your death, assure privacy, and help
manage your affairs in the event of a disability. On the other
hand, it will not save estate taxes and is more cumbersome to
administer while you are alive. Thus, it is important to
consult a qualified estate planner to determine if any of these
devices would be beneficial for you.
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