Real Financial Planning®
Real Financial Planning® starts with a conversation about where you are today and what your financial goals are. At Old Peak Finance, we analyze investments, insurance, estate planning and tax – your current position and what you could change to achieve your goals. We then develop a comprehensive plan with all that in mind. Next, we monitor your plan over years, and we adjust it as your life changes. All so you can live the life you want.
Goal Planning
Goal Planning refers to where you are today and where you want to be. In the beginning stages of goal planning, we ask clients to identify their values and to set key goals. These goals may revolve around managing student debt, providing for children's education or saving for retirement. Goal Planning looks different at each stage of your career. We revisit your goals and adjust your plan as your life changes.
Investing
We strive to align your values with your investments. We center your financial plan on the pillars of your investment statement policy. The construction of your portfolio will depend on your goals, ability to take risk and specific circumstances. But, it's almost always best to minimize fees and diversify broadly.
Tax Planning
When working with a client, we consider his/her lifetime tax bill. Then, we address the question whether it is better to be taxed now, taxed later, or be taxed a bit each year. We identify the location or the type of investing account.
Tax now refers to anything with Roth attached to it – Roth IRA/Roth 401k contributions. Tax later refers to traditional IRA/401k tax deferred. Finally, tax a bit each year refers to basically any account that doesn’t have a tax advantage.
Estate Planning
Your estate is simply a total of all your possessions. Estate planning is something everyone needs to do.
Estate planning is incredibly important to your financial plan for several reasons: to control where all your assets go at death; names who will take care of your minor children if you’re gone, and at its core it alleviates additional frustrations for your family when you die or during life if you are in a state that you cannot act on your own.
You can imagine this is not a set it and forget it process based on your life and the people in it changing. But don’t let that get in the way of making sure it gets done.
Insurance
We believe with all insurance, you should buy what you need, not what you’re sold.
At Old Peak, we believe there is a need for disability insurance at most stages in your career. We recommend controlling risks that could be financially catastrophic with the following types of insurance.
- Health
- Home/renters and auto
- Umbrella
- Long term care
- Term life
- Disability – short and long term
- Pet
Have Questions?
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