Financial Planning

 

The 6 Pillars of Financial Planning

Financial Position
Cash reserve strategies – debt. management – cash flow strategies

Net worth – discretionary income – expected large inflow/outflow – lines of credit

Protection Planning 
Disability options – long-term care-timing/prem/coverage – umbrella liability – life insurance

Medical/health – property & casualty – deductibles vs. cash reserves – policy status

Policy loans – beneficiary designations – special needs situations

Alternate/add'l coverage strategies

Investment Planning
Asset allocation – education planning – lump-sum accumulation

Options/restricted stock/non-qualified deferred compensation – ongoing investment fees

Risk tolerance – tax implications – cost basis – timeframes – diversification strategies

Dollar-cost averaging – market timing issues

Tax Planning*
Tax reduction – tax deferral –  future taxes due – withholding

Tax diversification - qualified investments – non-qualified investments

Effects of liquidation – filing status - Business ownership – non-traditional ownership

Retirement Planning
Minimum distributions – pre-591/2 strategies – 401Ks – IRAs – Medicare/Medigap

Social security – Roth conversions - Income streams – income streams-transitions

Health care – tax transitions – risk of tolerance transition – timing issues

Estate Planning
Estate balancing – capital transfer – asset ownership – trusts – wills – trust funding – IRD

Succession planning – special needs dependents – minor children – generation skipping

Short-term life expectancies – estate liquidity

 

*Our representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

 

 

 

 

 

Securities and investment advisory services are offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC .

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