FINANCIAL PLANNING
At Core Wealth Management, we lead with clear, fee-only financial planning. Our CFP professionals develop customized, comprehensive financial plans based on your unique goals and circumstances.
OUR FINANCIAL PLANS ARE…
Flexible and Effective
We understand that over time, plans, and circumstances evolve; that is why our recommendations are flexible and we are committed to continually updating and modifying plans to reflect what life brings your way.
Portable
We stand ready to assist with implementation, but our plans are designed to be taken anywhere and implemented as you see fit.
Fair and Objective
As a fee-only advisor, by design, our interests are aligned with yours. We focus on serving your best interests exclusively; the recommendations we make reflect our commitment to provide direction and perspective in pursuit of your unique goals.
Encompassing
Specific financial planning areas we can address include cash flow planning, investment policy development, retirement planning, tax planning, education funding, mortgage analysis, social security optimization, insurance needs analysis, estate and charitable planning, and more.
WHAT CAN A CERTIFIED FINANCIAL PLANNER (CFP®) DO FOR YOU?
A CFP® is trained to take a comprehensive approach to wealth management. It is the CFP® who will integrate the various facets of your plan, ensuring that all of the pieces of the complex puzzle work in conjunction with one another.
Specific aspects of a financial plan may include:
Includes determining the timing and amount of your cash needs and devising a saving strategy to increase the likelihood that those needs can be met.
Includes defining your objectives, your risk tolerance and your time horizon to develop an asset allocation plan. Specific investments are selected to implement the plan in a tax and cost-efficient manner across your accounts.
Encompasses quantifying the level of resources that will be necessary for you to retire, and then devising a plan to help you amass and then ultimately distribute those resources. This includes determining when to collect social security benefits and evaluating pension collection options.
Taxes impact all elements of a financial plan, and while they should not solely drive any financial decision, they always need to be considered. Maximizing tax efficiency when it comes to portfolio management, saving tactics and distribution strategies are of paramount importance.
Asset and income protection is a critical component to any financial plan. Ensuring you have adequate life, disability, long-term care, liability and homeowner’s insurance will provide confidence that financial plans are not jeopardized if an unanticipated event occurs.
An integral component of any financial plan, estate planning ensures that you have the appropriate documents in place, assets are titled as you wish and beneficiaries are named so that assets will transfer in a manner that is consistent with your wishes and in the most efficient and cost-effective way possible.
In addition to quantifying a total funding need, we recommend cost-effective and tax-efficient alternatives, including 529 Savings Plans, 529 Prepaid Plans, Education IRAs, UTMA accounts and trust accounts.