How We Help Growing Families Plan for the Future
You’ve welcomed a new child into the world. Congratulations! The joy of being a new parent is a feeling unlike any other.
In the beginning, you may find it difficult to look beyond the day-to-day responsibilities of raising an infant. Big picture thinking is hard when you’re working tirelessly to meet the needs of your new family member!
When you’re ready, it’s time to start creating a plan for your family’s financial future. The birth of a child is the perfect opportunity to get your financial house in order. With thoughtful planning, the prudent steps you take today will put your family in a position to flourish for generations to come.
Balancing Short and Long-term Goals
It’s no secret. Kids are expensive!
From diapers and formula in the early years to tuition and extracurricular fees later on, many parents find that their budgets get stretched thin as their families expand and their child’s needs evolve. To complicate matters further, young parents not only have to juggle day-to-day expenses, but must also save for big ticket future goals such as college, weddings, and their own eventual retirement. Needless to say, this can all get a little overwhelming.
Sustainable cash flow planning is all about establishing priorities and achieving a sense of balance between present and future needs. We will teach you a fun, judgment-free budgeting strategy to ensure that you’re allocating your resources effectively and efficiently.
Protecting Your Family
A thorough insurance review is an essential step to ensuring that your family is protected against unfavorable outcomes. Ultimately, insurance should give you the peace of mind of knowing that your loved ones’ needs will be met no matter what happens. It can be unsettling to think through the potential for death, disability, or disaster, but having a plan in place for worst case scenarios is an essential component of financial planning for young families.
We will conduct a holistic review of your insurance portfolio, watching out for any gaps in coverage and recommending policy changes as needed. Working with a fiduciary planner will give you confidence that the insurance advice you’re receiving is truly in your family’s best interest.
Saving for College
For many young people, it has never been more expensive to obtain a college degree. It’s not uncommon for students to emerge from their undergraduate years with crippling debt loads, limiting their options and placing them at a significant wealth-building disadvantage early in their careers.
Fortunately, forward-thinking parents can help their children to avoid this fate. By saving early, investing wisely, and taking advantage of tax-advantaged strategies, parents can significantly reduce the burden of postsecondary education costs. We will work with you to create a savings plan that is tailored to your family’s unique needs and puts your child on the path to long-term success.
Read more about a few hypothetical situations where we’ve helped medical professionals with their compensation to reach their goals.
Case Study 1
As a fee-only firm, we only get paid by our clients and receive no commissions or referral payments. Our clients know every penny they are paying to us for our services.
Case Study 2
Our team of dedicated tax professionals work with our clients and planners to make the tax planning process part of the comprehensive financial planning process
Case Study 3
12 Certified Financial Planner Practitioners, 3 Certified Public Accountants, and more, all here to serve our clients. Only 25% of financial advisors are CFPs and we hold ourselves to the highest standards.
Whether you are beginning your career, already enjoying retirement, or somewhere in between we offer the guidance and expertise you need to make the most of the journey ahead.
As a fee-only financial planning firm, we accept fiduciary responsibility and are committed to a comprehensive, evidence-based approach. Each of our team members works with a small group of clients to ensure you receive attentive service that is customized to suit your individual situation.
No matter what stage of life you’re in or which financial challenges you face, our experts are here to help you stay on track and make the most of the resources available to you.
We’d like to meet you!
Schedule a free 15 minute conversation and we’ll spend a few minutes getting to know each other so we can learn if what you are seeking and what we provide are a good fit for each other. If it seems like a fit, we’ll talk about next steps. If we’re not, we’ll help you find the right group for your needs.