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Comprehensive Financial Review

The Value of a Comprehensive Financial Review

What Is It and How Can It Help?
It is easy to get lost in the thought of financial strategies and to feel overwhelmed at the idea of risk. But as you picture the next several years of your life it is important to understand your current financial situation and to establish a future strategy based on your specific financial goals.

Much of financial strategies focuses on the rate of return, risk and reward analysis to create a suitable plan for accomplishing a client’s goals. In many cases, this approach may overlook potential opportunities based on your goals and current financial situation. To help avoid that oversight, we offer a comprehensive financial review which considers how insurance products and other financial vehicles can adequately fit your needs and help prepare you for retirement. 


Ask yourself the following questions:
Do you have a process for how your assets will be allotted?
Are your finances properly aligned with your financial goals and objectives for retirement?

Most people do not understand the impact that asset allocation can have on income distribution, future income taxes or taxes on Social Security. This is why it is important to understand your goals and current income, because depending on how your assets are currently allotted, you may be subjecting yourself and your family to cover potential future long-term care costs or other expenses that life may throw your way. If not properly  located, additional costs and delays may affect the probate process, which is handled by a qualified estate planning attorney.

The comprehensive financial review may help detect potential problems within your financial strategy and through this process  we will help establish your objectives and create a strategy that better aligns with your future goals and current financial situation. Our comprehensive financial review can identify savings and financial tools you may need based on your specific situation. We recommend partnering with a qualified attorney and tax professional to ensure your legal documents are in order and to establish and maintain a tax- efficient plan for your retirement assets.

Ultimately, the comprehensive financial review can offer a clear vision into your financial situation that can better prepare you for a successful financial future based on your goals and objectives. 


3 Reasons You Should Consider a Comprehensive Financial Review

1. Coordinate and Focus Your Financial Strategy
The comprehensive financial review helps to align the purpose of your retirement strategy. Think of it as a spring cleaning, out with the old outdated strategy and in with a new strategy that can help organize and support your legal, financial and income planning goals to better prepare you for retirement.

2. Problem Solving Without the Guesswork
With your previous financial strategy, you may have been advised to grow your assets in a way that did not show direct results. At Bethel Retirement Planning, our process is much different. We believe in finding financial solutions that can drive you towards your goals. The comprehensive financial review will address a variety of areas such as tax strategies, money management, asset protection, insurance planning and/or legal  ocumentation. Through these strategies, we work with you to establish a time and set clearly defined, measurable goals.

3. Explore and Address Retirement Concerns
While retirement strategizing is complex, the comprehensive financial review helps you explore and understand various strategies that can address retirement income and legacy planning concerns. Most of all, we want to encourage and support you as you strategize for retirement and prepare for the next stage of your life. 

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