Financial Planning Information

• Estate Planning
• Retirement
• College
• Taxes
• Medicaid/Medicare
• Identity Theft

Investment

• Risk Tolerance Assessment
• Asset Allocation
• Fee-Based Versus Commissions
• Consumer Resources

Insurance

• Life
• Long Term Care
• Disability
• Home/Auto/Personal Liability Umbrella

Most people coming to our office have themselves in the "You" position below, trying to manage the all the parts of their financial lives, trying to make the time to meet with each one of the advisers and interpret the information from each of them. "You" may have limited time and limited expertise resulting in some degree of confusion, with parts of the plan not being fully analyzed and not having the plan integrated by a professional full-time financial planner.

Hiring Personal Financial Consulting Inc. as your personal and professional financial planning firm allows you the time to enjoy life, while we assist you in coordinating your financial life.

If we were in the medical field, we would be your general practitioner or internist M.D. coordinating the other medical professionals such as a dentist, OB/GYN, heart specialist etc., to make sure you are receiving a coordinated and complementary approach.

PFC will make sure you have a coordinated and approved approach from your tax professional, estate attorney, home and auto insurance person, investment professional etc... We can either work with your current professionals or you can hire us to take care of your affairs.





Financial Planning - Financial Services

A "Coordinated Financial Plan" should provide you with a clear analysis and path to your successful financial future. We at PFC enjoy working with our clients and their professionals to provide a coordinated plan, approved by all their professionals and themselves so they are comfortable and successful.

A well-prepared coordinated financial plan could include the following and more:

1. Provide you a coordinated plan using the consultive process with all your financial professionals, for a professional fee. You should be provided a plan free of conflicts of interest from product sales and the fee should be tax deductible, if you itemize your income taxes.
2. Assist you in creating clearly defined goals that should result in you accomplishing the most important values in your life, for you and your family.
3. Assist you in creating a clear spending plan or budget for your money that allows you a balance between your current lifestyle and your long-term goals.
4. Assist you in determining the correct amount of money to have in your emergency fund, in case you have an unscheduled financial emergency and to find the best investment return for this money.
5. Explain all of the benefits at your workplace in a clear and understandable way. This can include your health benefits, how to invest your retirement accounts etc. so you reach your family's most important goals.
6. Analyze all types of debts, such as home-equity loans, mortgages, credit cards etc. to provide you with the most cost-effective approaches.
7. Analyze your current savings approaches versus your goals and recommend the most appropriate solutions.
8. Analyze your current income tax liabilities and create a coordinated plan to minimize, reduce or eliminate them.
9. Analyze your current and long term life insurance needs compared to your current policies; provide you education about all the various types of life insurance for your needs and guide you in the most cost-effective solutions.
10. Analyze your current long term disability income insurance to replace your income if you become sick or disabled. It should include your workplace and/or your personal policies versus your needs.
11. Analyze your current Home/Auto/Personal Liability Umbrella Policy Insurance policies versus your needs to make sure you have the most cost-effective approaches.
12. Analyze the multitude of cost-effective options you may have to protect your investments and estate from long term care expenses, both at home and/or in a long-term care facility.
13. Analyze your estate tax liabilities and make sure your financial assets have the correct ownership and beneficiaries to minimize estate taxes. Also, make sure the other estate tax solutions are analyzed and recommended, when appropriate.
14. Coordinate the review of your Wills, Durable Powers of Attorney and Health Care Proxies with your estate attorney, tax professional and financial planner to coordinate the benefits for you and your loved ones.
15. Provide you with a series of information gathering, due diligence, educational and solution meetings to support your financial concerns. You should expect your professional to provide three to six or more two-hour meetings to thoroughly analyze your concerns and provide you coordinated solutions.
16. Provide you with a clear list of actions to consider and to review that list of actions periodically with you, until they are completed.
17. Provide the appropriate (usually annual) financial plan reviews to update your plan so it is current with the tax law changes, investment returns and your goals.
18. Your financial planner should provide you with recommendations, upon request, that are similar to your needs and a money back guarantee if you are not satisfied.

Click here to receive a free package of financial plan components you can use to compare various financial planning firms.