THE IMPORTANCE OF INVESTING
You’ve worked hard for what you have and deserve to have the future you want. Your financial future depends in large on decisions you make today. When you take the time to build a financial plan you are taking the first step in achieving your goals and we will be there with you every step of the way.
Developing an investment plan requires you to quantify your goals and could greatly improve your chances of achieving the retirement you have dreamed of. It could help maximize the chances of meeting the objectives in your financial plan that best aligns with your financial goals.Regardless of the state of your current financial picture, it’s always a good idea review your financial plan and understand how it relates to your financial goals and be aware of the options you can take that can help your financial well-being.
WHY HAVE A FINANCIAL CONSULT?
Having the support and knowledge of a Financial Consultant may improve your chances of having a more secure future for you and your loved ones. We can help guide you through the process and navigate you through the steps you should be taking that best align you to reach your financial goals. You may even discover new opportunities that you didn’t think of or better understand the ones you do have and how you can improve them to better fit your specific needs.
LIFE STAGES FINANCIAL PLANNING
The investment strategies and tactics for achieving short-term goals are very different from those used to accomplish long-term ones. Managing for tax efficiency plays a key role every step of the way.
In the accumulation phase you are working hard to build assets, support the household, save for college and, hopefully, set aside money for retirement. When it comes to investing in this phase, every dollar counts because dollars invested early will work hardest for you later.
Phase two is retirement. During this phase, you’re likely living on a reduced income but now have the time to do things you enjoy. If you’ve planned adequately and factored in the potential for higher medical expenses along with your monthly bills, you should have enough extra money for a good quality of life.
The release phase begins upon your death when your heirs and charitable organizations can benefit from your generosity. Tax-efficient estate planning gives you the satisfaction of offering a leg-up to your children and grandchildren or a little bit of hope to the less fortunate.
HOW DO YOU GET THERE?
Below we outline the steps in the financial planning process, which is modeled on the recommendations of the Certified Financial Planner Board of Standards, Inc.
- Establish Objectives
Discuss goals, means, dreams, time frame, risk tolerance & benchmarks
- Gather Information
Work through objectives & build planning consensus
- Analyze + Evaluate
Analyze assets, liabilities, cash flows, insurance & tax strategies
Discuss likely scenarios & degree of comfort to achieve goals
- Review Recommendations
Discuss & agree on approach
Finalize start plan
- Implement Plan
Allocate existing holdings to reflect investor profile
Buy and/or sell financial instruments for allocation plan
Acquire and/or retire insurance policies as per plan
Set up automatic savings and/or investment plans
- Review, Monitor, + Adjust
Monitor performance regularly
Review goals & objectives
Review new opportunities as they arise
Update plan as changes occur in life circumstances, goals & means
NO BANK GUARANTEE | NOT A DEPOSIT | NOT FDIC INSURED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | MAY LOSE VALUE |
All Securities and Advisory Services offered through Investment Professionals, Inc. (IPI) and Infinex Group, a Registered Broker/Dealer & Registered Investment Advisor and member FINRA & SIPC. The investment services offered by IPI and Infinex Group under the name Centennial Financial Services are in no way affiliated with or offered by Centennial Bank, nor is Centennial Bank a registered broker/dealer. Centennial Bank is not affiliated with IPI or Infinex Group. Customers working with Centennial Financial Services will be dealing solely through IPI or Infinex Group with respect to their investment, brokerage and securities transactions. IPI and Infinex Group does not offer or provide legal or tax advice. Please consult your attorney and/or tax advisor for such services. The products offered by Investment Professionals, Inc. and Infinex Group are not insured by the FDIC, the NCUA or any other agency of the government, are not deposits or other obligations for the bank or guaranteed by the bank and involve investment risks, including possible loss of principal amount invested.