Financial Planning Subscription Services

Financial planning doesn’t need to be intimidating. We offer on-going financial planning subscription services for a monthly fee. Choose which level best meets your needs, and you’re off and running. No long-term contracts – only use us when you need us.

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Cash Flow/Budgeting

Deep analysis of monthly income and expenses

Simplifying cash flow for better understanding

Create monthly spending plan

Identify and establish habits that lead to monthly financial margin

Monitor progress and update plan as needed

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Debt Counseling

Deep analysis of existing debt

Prioritize debt repayment order

Explore refinance options

Create detailed debt repayment plan

Monitor progress and update plan as needed

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Emergency Fund

Define specific goal for emergency fund amount

Determine where emergency fund should be held

Create and implement plan to fully fund

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Organize Finances

Maintain client vault to store documents and deliverables

Streamline number of accounts for simplification

Verify all accounts are appropriate for stated goals and priorities

Review credit report and scores

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Retirement Planning

Create detailed retirement projection

Create savings plan to reach desired goals

Create distribution strategy for required retirement income

Monitor progress and update plan as needed

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Investment Review

Analyze investments not directly managed by Legacy Wealth Management (LWM)

Determine investment risk tolerance

Suggest investment changes for accounts not directly managed by LWM to match risk tolerance

Annual rebalance of accounts not directly managed by LWM

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Insurance Review

Analyze existing insurance coverage

Define insurance needs to identify gaps

Create plan to fill insurance gaps

Reduce or eliminate excess coverage

Review deductibles and premium payment frequency

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Tax Planning

Create tax projection

Analyze tax returns for tax reduction strategies

Streamline distribution strategies to minimize taxes

Tax-loss harvesting review

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College Planning

Determine education funding goal

Determine required savings

Determine best accounts to use for education funding

Monitor progress and update plan as needed

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Large Purchase Planning

Create savings plan

Create distribution/funding plan for each goal

Monitor progress and update plan as needed

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Social Security Planning

Analyze available Social Security filling strategies

Determine best filling strategy in light of personal goals and other income sources

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Employee Benefits

Review employee benefits package

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Estate Planning

Review estate planning documents (if already established)

Work with attorneys to establish necessary estate planning documents (if needed)

Review beneficiaries, trustees, executors, and guardians

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Charitable Planning

Review assets for efficient charitable planning opportunities

Help establish appropiate charitable accounts - i.e. Donor Advised Fund (DAF), Charitable Remainder Trust (CRT)

Discuss asset-based giving versus cash giving

Charitable planning after death

Qualified Charitable Distributions (QCDs)