Personal Financial Planning

Personal financial planning is the process of addressing your financial concerns in the context of your overall financial situation. It is an organized, well-planned approach that includes identifying your financial goals and objectives, along with their priorities.

Personal financial planning begins with an initial plan that is based upon your current financial situation. The plan is then monitored so that it changes along with changes in your lifestyle, as well as the marketplace. It is more than helping you decide whether or not to put your money in a particular insurance vehicle, for example. It is the successful integration of your goals, resources, stage of life and tolerance for risk.

We can exceed your expectations by

• Helping you establish and quantify both short-term and long-term goals
• Assists you gathering financial information
• Helping you determine your current net worth
• Providing alternatives to aid you in achieving your goals
• Counseling you in goal setting and the implementation of plans

Our Personal Financial Consulting Group"s services include:

• Cash Flow Planning - A fundamental principle of financial planning is the calculation of an individual or family"s annual "discretionary cash," the difference between projected cash receipts and projected cash expenditures. We will assist you in preparing realistic cash flow projections for today and the future.
• Education Funding - Rising tuition costs mean families should begin planning for education costs early. Education funding strategies involve income tax considerations and the use of trusts to control assets. Our funding models will help you implement a strategy to meet your goals.
• Estate and Gift Planning - Comprehensive estate planning strives to protect families by minimizing the amount of estate or gift tax paid during your lifetime or at death and directing which beneficiaries receive assets. We work with you and your attorney to ensure your estate objectives are met.
• Income Tax Planning - Cash flow planning, education funding and estate tax planning all have income tax consequences. We prepare tax projections with multiple assumptions for multiple years to help plan and minimize income tax liabilities.
• Retirement Planning - We assist you in retirement planning at various stages of your life. Retirement contribution options, retirement savings plans, stock options and retirement distribution methods are addressed in our retirement planning process.
• Risk Management Counseling - Life insurance and disability insurance are key components in estate and cash flow planning. We address the needs for life insurance planning for non-liquid estates and assist in structuring policies to minimize estate taxes.

For more information contact us at info@peroocpa.com