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.

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


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