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.
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
Deep analysis of existing debt
Prioritize debt repayment order
Explore refinance options
Create detailed debt repayment plan
Monitor progress and update plan as needed
Define specific goal for emergency fund amount
Determine where emergency fund should be held
Create and implement plan to fully fund
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
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
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
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
Create tax projection
Analyze tax returns for tax reduction strategies
Streamline distribution strategies to minimize taxes
Tax-loss harvesting review
Determine education funding goal
Determine required savings
Determine best accounts to use for education funding
Monitor progress and update plan as needed
Create savings plan
Create distribution/funding plan for each goal
Monitor progress and update plan as needed
Analyze available Social Security filling strategies
Determine best filling strategy in light of personal goals and other income sources
Review employee benefits package
Review estate planning documents (if already established)
Work with attorneys to establish necessary estate planning documents (if needed)
Review beneficiaries, trustees, executors, and guardians
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)