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Waypoint Financial Planning
Planning + Investments + Insurance
Financial Planning
3 Step Process from Defining Your Goals to Realizing the Results. Watch the Video for More Information and Let’s Chat for a Few Minutes to Get Acquainted.
Take the next two steps:
1) Expand the Solution Areas Below, then
2) Make Note of Your Key Areas of Concern
Explore Your Dreams and Aspirations
Establish Meaningful Financial Goals
Organize Your Financial Life – Key Documents Investments, Bank and Insurance – on One Easily Accessible Website with Valuable Charts and Reports
Learn How to Communicate with Your Financial Adviser Using Risk Tolerance, Time Horizon and Financial Objectives
Compare Costs and Fees Associated with Different Investments Types and Investment Managers
Discover that Investment Managers Have Different Styles and Identify One or More That Meet Your Criteria
Discover the Benefits from Investing in a Well-Diversified Portfolio and the Benefits of Engaging Professional Management of Your Investments
Review the Pros and Cons of Rolling Over a 401(K) from a Previous Employer to an IRA
Keep in Touch with Your Adviser, Who Sends a Weekly Financial Updates and Monthly Performance Review
Enjoy Periodic Scheduled Calls Where You Review Your Investment Performance and Make Adjustments
Understand Benefits of Tax-Favored Accounts
Evaluate Complex Financial Products to Assess if They are Right for You
- Answer the Four Retirement Questions:
- When Can I Retire?
- How Much Money do I Need?
- How Long Will the Money Last?
- What Rate of Return Do I Need?
- Calculate the Right Amount of Savings That Would Be Required to Keep Your Current Lifestyle into Retirement
- Strategies for Optimizing Social Security and Medicare Benefits
- Strategies for Minimizing Social Security Taxation
- Strategies to Maximize Pension Benefits
- Discover When a Reverse Mortgage Could Make Sense
- Learn Strategies to Maximize Merit-Based Aid from Your Prospective Colleges
- Minimize Out-of-Pocket Costs for College
- Identify Private and Federal Sources for College Grants, Loans and Scholarship Funding
- Find and Apply to the Colleges That Best Match Your Child and Your Pocketbook
- Learn Strategies for College Saving that Seek to Maximize Tax-Efficiency and Flexibility
- Meet Deadlines for College Applications and Financial Aid
- Plan Ahead with Financial Strategies and Financial Tools That Seek to Maximize Financial Assistance
- Preserve Your “Safe Money” for Emergencies, While Still Leveraging into Significantly Higher Value Transfers to Next Generation
- Long Term Care Strategies That Preserve Assets. Even If You Become Frail and Need Costly Care in Old Age
- Establish an Asset Class in Your Portfolio that Provides Competitive Returns, Has No RMD Requirements, Is Liquid, and Provides Tax-Free Accumulation and Tax-Free Withdrawals in Retirement
- Protect from Short or Long Term Income Loss from Disability
- Discover Your Financial Personalities and Develop Financial Communication Strategies to Succeed in Your Family Relationships and in Your Marriage
- Ensure Sound Financial Practices are Followed, Especially if the Household Money Manager Passes Away or Becomes Disabled
- Use an Objective Third Party Professional to Broker Challenging “Money Conversations” with Spouses or Children
- Discover and Review Your Most Efficient Sources of Funds During a Crisis
- Obtain Quotes and Apply for New Health Insurance and Select from Best Value/Lowest Cost Alternatives
- Strategies for Elder Care for You and Your Spouse, Your Parents or In-Laws
- Review Advantages of Different Business Structures: LLC, S-Corp, C-Corp, Partnerships
- Discover Employee Savings Plan Options Through Defined Contribution Plans (e.g. 401(k), Profit Sharing Plan, SEP, Employee Stock Ownership, etc.) and Defined Benefit Plans (e.g. Pension Plans)
- Learn About Key Employee and Executive Retention Plans
- Evaluate Owning Vs. Leasing Vehicles Through the Business
- Compare Net Present Values of Purchase Versus Lease Arrangements
- Analyze Business Deals Using Comparative Data Analysis and Financial Projections
- Evaluate Insurance Options
- Identify Savings Strategies That Seek to Increase Your Total Net Worth
- Learn the Difference Between Good Debt and Bad Debt
- Keep in Touch with Financial Concepts Newsletter and Enjoy Periodic Scheduled Calls
- Establish and Periodically Review Your Household Budget
- Implement Strategies for Daily Money Management
- Plan for What is Expected & Prepare for The Unexpected
- Position Financial Resources to Take Advantage of Business Opportunities Whenever They Might Arise
- Develop a Financial Strategy That You Fully Understand and That Guides Your Decision-making
- Understand How Your Home Equity Impacts your Overall Financial Picture
- Evaluate Business Transition Strategies and Financing Options for Transferring Family Business to New Owners
- Evaluate Purchase, Lease and Loan Decisions for Large Purchases
- Devise Gifting Strategies to Children to Effectively Transfer Wealth and Minimize Taxes
- Gift Assets to a Family Member or Favorite Charity While Not Giving Up Lifetime Use
- Discover Pros and Cons of Various Mortgage Options
- Preserve Your Estate for Future Generations by Working with Your Attorney/CPA
- Build a Legacy of Generational Wealth – Your Very Own “Family Farm” – Using Life Insurance Wisely
- Strategies for Minimizing Estate Taxes with Proper Trusts Drafted by Your Attorney
- Define the Heart and Soul of Your Plan for a Family Member with Special Needs
- Implement Financial Strategies with Attorney for Family Members with Special Needs
- Obtain Objective Financial Advice and Expertise During an Emotionally Challenging Time
- Assist in Completing Financial Affidavits for Your Attorney
- Review Financial Projections that Show Longer Term Consequences of Splitting Certain Types of Household Assets
- Learn How to Manage Financially After It’s Over
- Learn Strategies for Retaining and Securing Good Credit to Ensure a Smooth Transition to Independence
Call (203) 304-9690 or email tim@waypfp.com to get the process started.
Financial Planning Service Options
Pricing
- – Complimentary 1-Hour First Meeting
- – Written/Authorized Financial Planning Agreement
- – Access to Advisor for One Year from Agreement Start Date
- – Access to your Personal Financial Portal
- – Email Response Within 24 Hours
- – Phone Calls Returned Within 4 Hours During Business Hours
- – Document Scanning to Secure Electronic Vault
- – Research and Solutions Proposals Unique to Your Situation
- – Account Setup Services, if Any
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Basic Financial Plan Services (Minimum Fee for Any Plan) $750/year
You want answers about where you stand and wonder if you're doing the right things. You don't want to make big mistakes and may need help out of a difficult situation. You get an advisor who will take the time required to understand your situation and provide profesional advice. You get access to Your Personal Financial Portal providing consolidated and updated view of linked accounts, net worth, investments, insurance assessment, cash flow projections, probability of reaching financial goals, secure on-line document vault for plan docs and important documents. Key planning areas: savings, debt reduction, family protection, cash flow projection and growth of assets. Limited investment portfolio review. Investment management services are charged separately. Advisor may earn commissions on insurance products that are implemented, if any.
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Asset Based Plan Services 0.1% of Assets
Your unsure about your invesments and how they match your goals. You're life has become more complex with additional stresses, pressures, life changes or dependents in your life, and you need a sounding board. Includes all Basic Plan features and designed for clients with more complex situations that require significant professional advice and/or investment review. Includes deep analysis and review of alternative options to achieve your financial goals. Typical areas addressed are social security optimization, tax reduction strategies, family governance/conversations, long-term care, annuities, life insurance, account type optimization, and portfolio segmentation to meet goals.
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Income-Based Plan Services 1% of Gross income
Same plan services as Asset-Based Plan, but fee is charged based on income. The higher of the fee models will be implemented to compensate properly for the plan complexities and depth of the advice provided. This fee model adapts well for clients that are highly leveraged or that are self-employed. Additional planning areas include entity structure, business owner readiness to sell or retire from their business, business valuation and sale, 1031 exchange, strategic cash flow management.
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Late Stage College Planning $1,500
Assistance with asset allocation to maximize financial aid. Advice on school choice in relation to student profile, test scores and overall family financial goals. Review of 529 plans, Coverdell Education Savings Accounts, FASFA, CSS Profile, Parent Plus, Stafford, Private Bank, Direct Subsidized and Unsubsidized Student loans, consolidation loans. Typically three to five meetings, online activities and engagement with various school deans and departments.
If you would like a copy of a Sample Retirement Plan, please enter your information below, and we’ll email the document right out to you.