Blog Posts, Financial Planning

Step 2 of the Financial Planning Process: Analysis and Recommendations

After we’ve learned about you, your family, and your goals in discovery, we begin to create your financial plan.

What Does Analysis and Recommendations Involve?

Your financial plan doesn’t just include your financial information; it is inclusive of all the information you provided in discovery. It is important that your financial plan paints a picture of your future.

The financial planning software we use, MoneyGuidePro, lets us change almost every aspect within your plan. We can show you what it would look like if you retire at 60, or 65, or 70.  We can increase your travel budget, add a home renovation, and more.  Additionally, we can show the effect of different market conditions and investment returns.  Your financial plan is interactive, and we can model the “what ifs” you have been thinking about.

After we review your financial plan together, we can make recommendations. Often, these recommendations involve investment planning, tax planning, and spending strategies. Additionally, we can recommend other professionals, including estate attorneys and those who specialize in Medicare.

What’s Next?

After we have reviewed your financial plan with you, we will discuss investment management and strategies for implementing the plans recommendations.  As life changes, your financial plan changes too.  We will encourage you to come to us as your life evolves and goals change.  It is important that your financial plans evolve when you do.

Subscribe below to our blog posts and you will receive “Step 3 of the Financial Planning Process: Implementing Your Strategy.”

Success! You're on the list.

If you have comments, please feel free to send us a message.

This article was written by Shoreline Financial Advisors. To learn more about us, please visit our website.

The information contained on this Website is not intended as, and shall not be understood or construed as, financial, tax, or professional advice. The information contained on this Website is not a substitute for any advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided on this Website and the resources available for download are accurate. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation.  Neither the Company nor any of its employees or owners shall be held liable or responsible for any errors or omissions on this website.

Leave a Reply