The Planning Drives The Product Recommendation

Wall Street & Wirehouse Advisors have it all backwards. For the most part, they present financial plans that are nothing more than elaborate sales gimmicks based on insurance and investments. The starting point is some unattainable future goal followed by a simple plan addressing how much money you’ll need to invest (with them) and how much insurance you’ll need to back it up (that you’ll buy from them).

What about life’s consistent inconsistencies? What about having a plan with the flexibility to deal with changes and life issues? That plan is a business plan for life, a strategy based on cash flow and tax impact instead of insurance and investments. A plan that deals with multiple what if scenarios at any point in time.

True wealth management planning should integrate and coordinate all forms of planning, be based on cash flow and taxes, provide for multiple what if scenarios (both now and later on down the road), and allow you to stop and smell the roses, guiltlessly enjoying what you’ve sacrificed, disciplined, and worked so hard for.

This is why the planning drives the product recommendation and the product doesn’t drive the plan. To create these types of plans I use a simple 3-step process to identify tax saving, interest saving, and wealth protection opportunities.

Step 1: Establish a baseline by getting a snapshot of your current financial situation.

Step 2: Design a plan based on your data, looking for ways to increase cash flow, mitigate taxes, and safeguard your wealth.

Step 3: Educate and inform so you can make a sound decision about your wealth.

Want to learn how I can help you cut your tax bill in half, pay off your mortgage in 5-10 years, and more? Click here to schedule a no cost, no obligation meeting.