FINANCIAL PLANNING LEARNING CENTER

Because Your Goals Are Only As Good As the Plan You Set to Reach Them.

BENEFITS OF FINANCIAL PLANNING | Helping You Meet Your Financial Goals

  • Financial planning enables you to define your financial goals and measure your progress towards those goals.
  • Through “what if” scenarios, financial planning also explores the risks to achieving your goals.
  • Additionally, it provides a living document, which will be updated regularly and shared with your accountant and attorney with your permission.
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Types of Financial Planning | Helping Answer Life’s Biggest Questions

Asset Allocation Planning

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Do my non-Central Trust Company investments fit into my overall goals and objectives?

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In this analysis, we will determine your proper risk tolerance by assessing objective measures. We will determine how much risk you can tolerate in light of your specific goals, and determine whether you are taking appropriate risks with your present investments. We then analyze how an ideal investment portfolio might look for you, taking into account the above factors, and will make specific recommendations. Finally, we stress test our findings using a sophisticated probability analysis, based on thousands of iterations.

Retirement Planning

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Do I have the assets needed to satisfy my retirement income goals?

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In this analysis, we determine whether you have enough money to retire, based upon your specific goals. This includes analyzing which assets you should liquidate and when you should withdraw them. We also look at the potential tax impact of doing so to your overall plan.

Education
Planning

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How do I pay for part or all of my children's educational expenses in a tax-efficient manner?

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Whether you are planning on paying all or part of education expenses for your family members, it is important to understand your funding options. It is also important to understand the escalating costs of tuition, room, board and books when creating your plan. This analysis will explain and analyze funding options and their potential tax consequences.

Insurance
Planning

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What would happen to my family if I died unexpectedly or became incapacitated?

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Unexpected death or incapacity can cause financial chaos to your family. This analysis will first review any existing life insurance you or your spouse might own and then determines its adequacy. A needs-based analysis is then performed to determine how much life insurance is needed, based upon your family’s unique needs.

Estate
Planning

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How can I leave a lasting legacy for my family or community?

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You’ve worked hard to acquire your wealth and you worry about how to leave it behind. Given the ever-changing tax laws, how do you develop a lasting plan? In this analysis, we present a number of options to pass on your wealth without paying undue administrative expenses and taxes, including gifting and philanthropy.

AS LIFE CHANGES, SO WILL YOUR UNIQUE NEEDS. FINANCIAL PLANNING SHOULD BE AN ONGOING PART OF YOUR RELATIONSHIP WITH YOUR FINANCIAL ADVISOR.

RECENT FINANCIAL PLANNING INSIGHTS | Helping You Understand the Journey

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The Importance of a Second Opinion
Anything that could affect a family or individual financial situation today, or in the future, brings with it the need to reevaluate where you are today, where you would like to be and if you are track to get there.
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Woman and Their Role as Financial Decision Makers
Women are a large part of the workforce. They are often times directly involved in their households’ investment and financial decisions.
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Five Basic Benefits of Financial Planning
There is more to financial planning than setting some goals and pinching some pennies. Here are five basic benefits that may come from working with a financial planner on an organized financial plan.
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Health & Wealth in the New Year
It’s been said that health has more of an impact on our happiness than anything else. Some say financial contentment follows close behind, which makes the beginning of the year a perfect time to look at how we can improve our financial well-being.
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Financial Planning: Opportunity Among Crisis
At Central Trust Company, we use Monte Carlo Simulation to model a variety of outcomes— including all the events taking place this year.
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Business Owner Survival Guide
When contemplating an outright business sale to an outside entity, the first or foundational level of planning should be contingency planning.
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Uncertainty vs. Certainty of Death and Taxes
When uncertainty is all around, proactive steps you take help mitigate your personal financial risk and the uncertainties of life and the certainty of death and taxes.
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Financial Planning for Business Owners
To us, financial planning is not an event. It is an exercise that helps capture a consolidated, global review of your financial situation leading to the creation of a living document.
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