By Kevin Roberts
When’s the last time you made a major purchase sight unseen? You most likely haven’t.
It would be incredibly risky to buy a car without driving it first, or put an offer on a home you haven’t walked through. So why should you pay for a financial plan without knowing what to expect?
Because we develop custom financial plans for each client, it’s no easy task to provide one without working extensively with you. However, we wanted to create something that could help you better understand what a financial plan may look like so you could see the benefits a plan could bring to your financial life. If you choose to work with us, this is what you can expect:
What Does A Financial Plan Involve?
Financial plans often address a myriad of concerns and goals, from college planning to retirement income strategizing. Depending on your needs, your plan may narrow in on one overarching element or address multiple goals you’d like to achieve over time. Whatever you choose to focus on, your financial plan is designed to serve as your road map, helping you get from point A to point B.
We believe a good financial plan should give you a detailed, comprehensive snapshot of your current financial situation, a thorough modeling of where you want to be, and the actions you need to take to reach those goals. It should address all the pieces of your financial puzzle, from stresses and fears to your values and dreams, and encompass risk analysis, cash flow, retirement, estate planning, taxes, education, and income strategies to help bring you clarity and guidance. It is through our planning process that we can help you prepare for life’s expected and unexpected circumstances.
Throughout the planning process, our clients gain a complete picture of their wealth and understand each of the integrated components, including:
- Understanding what true wealth means to them
- Defining their unique purpose
- Clarifying their financial goals
- Prioritizing what is most important to them
- Planning to leave a lasting legacy
The result is a simple yet powerful road map to guide our clients toward financial freedom. Through our tailored approach, we focus on providing you with effective advice and a game plan. Our comprehensive retirement plans are created to help weather any economic climate so you can experience confidence in your financial future.
While most people leave meetings with their financial advisor confused about what’s happening with their money, we do all we can to ensure you’re completely aware of your financial strategy and the reasoning behind our recommendations. Money doesn’t have to be complicated, and we work hard to make the complex simple.
See A Sample Financial Plan
We’ve developed a sample financial plan that reflects our planning process. It looks at a fictional couple’s lifestyle income plan and how we developed it, including identifying their goals, creating a balance sheet, reviewing their cash flow, and more.
Keep in mind that this is only a hypothetical plan presented to illustrate what a client’s plan may resemble should they work with us. The characters and circumstances are completely fictional and are for illustrative purposes only. Be sure to seek the advice of a qualified professional for your particular situation and not rely upon any of the information herein to make personal financial decisions.
Take a look through our sample plan here. Once you’ve had a chance to go through it, schedule an appointment with me online so we can discuss how we can create a tailored financial plan for you. You can also reach out to me at kevin@roberts-cpa.com or (502) 426-0000.
About Kevin
Kevin Roberts is a CPA and CFP® specializing in providing virtual CFO services to individuals, families, small businesses, and professionals in the medical, professional service, and restaurant industries. He has more than 20 years of experience in accounting and taxes, and more than seven years in the financial services industry. Regardless of the services he provides, Kevin strives to offer clients confidence knowing that their financial aspects are being addressed and monitored by professional and competent individuals. Based in Louisville, he works with individuals, families, and businesses throughout Kentucky. Learn more by connecting with Kevin on LinkedIn or emailing kevin@roberts-cpa.com.