Do You Have a Financial Road Map?
We often talk about financial road maps. Some people refer to them as financial plans, but we like the term road map. Why? Because it is an easy concept to understand. A financial road map works like a GPS, or a map, for your financial future. You have a starting point (where you are today) and a destination (where you want to be at retirement). A good financial road map helps you determine the best way to get there, allowing sufficient time and money for you to enjoy the ride while also looking out for roadblocks along the way – like taxes and inflation.
If you don’t have a road map for your financial future, let us help you develop one. We follow a fiduciary standard of care, putting your interests first. Your road map should:
- Be updated at least once a year, more often if there are significant changes in your life like a job change, addition to the family, or revised investment strategy.
- Include safe investments that guarantee your income throughout retirement.
- Include legacy planning if protecting your family after you’re gone is important to you.
- Consider how taxes, inflation and the time value of money will impact your retirement savings.
- Be flexible and adaptable to accommodate changes in your goals.
The Model for Financial Success
The Wealth & Wisdom Partners Model incorporates everything from income and investments to insurance and taxes, offering a full view of your financial picture. Having a model to evaluate your financial performance eliminates managing your finances from a "junk drawer" approach. This unique model blends financial science and visual simplification with a philosophy of protection-savings-growth helping you achieve your financial potential.
Financial Discovery
In today's fast paced, ever-changing environment, every move matters! To make the right moves at the right time, it's critical to see how money works. This means understanding the completeness of real financial life - personal realities, financial complexities, an eroding market, risk factors and taxes. Our financial professionals help individuals and families simplify financial life through this discovery and design process.
Designing Your Financial Future
With our interactive tools, you not only learn how money works but you are also able to clearly see the impact of all your financial decisions. In addition, you and your Wealth & Wisdom financial professional can simulate financial strategies and view potential outcomes, giving you clarity and confidence every step along the way. Through this design process, you own your financial journey and enjoy life on your own terms.
Wealth & Wisdom Partners offers a unique model for managing personal finances that calculates every move and keeps clients connected with their advisor every step of the way.