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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

What Can a Financial Plan Do for Me?
The importance of having a solid financial plan cannot be overstated. Financial planning serves as a guiding light, illuminating the path towards achieving your life's aspirations and ensuring a secure and comfortable future.
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When Should I Take Social Security Retirement Benefits?
Knowing when to take Social Security benefits is a common concern during financial planning discussions. Access valuable resources and make informed decisions for your unique situation with professional guidance.
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Estate Planning for Executives
Find out how top executives navigate complex financial landscapes, from estate planning to retirement. Ensure a seamless transition into retirement with an integrated approach and a team of advisors focused on your best interests.
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Health Savings Accounts: Connecting Health and Wealth
Good health is vital to living a happy and successful life. Discover the power of Health Savings Accounts in connecting your health and wealth.
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When Depressed Asset Values Create Planning Opportunities
Depressed asset values are often a source of frustration and worry for investors. However, with those concerns often come opportunities to achieve long-term planning objectives.
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Medicare & Beyond
One thing that does not get talked about enough are medical costs which go beyond Medicare. These costs can be complex and ever-changing.
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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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Women 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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