Your path to Financial Wellness begins with a plan
Our proprietary planning process has you written all over it.
Introduction
At our initial meeting, we want to learn all about you. We want to know about your family, your career, and your passions. We’ll learn what kind of investor you are and what keeps you up at night.
We take the time – before we craft a financial plan for your review – to discover what’s essential: Your needs. Your expectations. Your understanding. Because your plan is not about us.
Your Goals
We want to know what you are trying to accomplish. In addition to a comfortable retirement, do you have travel, education, or philanthropic goals? Are you comfortable with the amount of income you will receive? Do you have a parent or child in need of care?
Your Goals
We want to know what you are trying to accomplish. In addition to a comfortable retirement, do you have travel, education, or philanthropic goals? Are you comfortable with the amount of income you will receive? Do you have a parent or child in need of care?
Your Resources
Once we have a good understanding of your goals, we’ll talk about how you’ll get there. We will talk about your investment assets and liabilities. We will talk about your sources of income including social security, pensions, annuities, rental income, and deferred compensation. Do you have assets with your employer in the form of a 401(k) or an equity compensation plan?
Plan Results
Finally, we review your plan results. After we run 1,000 market simulations, or Monte Carlo, we will have a good idea of the plan’s probability of success. If your plan does not meet our minimum probability of success to be considered acceptable, we will have a discussion about tweaking some of the plan variables, such as: retirement date, level of savings/spending, or your allocation.
Plan Results
Finally, we review your plan results. After we run 1,000 market simulations, or Monte Carlo, we will have a good idea of the plan’s probability of success. If your plan does not meet our minimum probability of success to be considered acceptable, we will have a discussion about tweaking some of the plan variables, such as: retirement date, level of savings/spending, or your allocation.
Stress Testing
Once we have an acceptable base plan, we begin stress testing your plan. Our stress tests are based on the most common questions we get from our clients: What if I (or my spouse) pass away early? What if we outlive our life expectancy? What if one (or both) of us needs extended care in a facility or at home? What if the market underperforms or inflation is higher than we project? What if taxes are higher?
We simulate each of these scenarios to expose any gaps in your plan and, if any exist, we will talk about how to fill those gaps.
Let us discover your needs. We’ll design your plan, deploy it for you and remain committed to your success.
The first step is a consultation with one of our Peak Wealth Partners team members.
To begin the process, please share some brief information about yourself and your financial goals – and we will be in touch. Or, you can email us.