What is a Financial Plan?

Have you ever wondered "Am I doing everything I can to retire?" or "Can I afford to make this big purchase now or do I need to wait"?

These are just a few questions we answer for our clients every day.

Think of a financial plan as gathering all of your financial information- assets, liabilities, personal property, investments, insurance and expenses- and organizing them in nice orderly fashion.

You can then see how your investments and saving and spending scenarios will afffect your retirement goals so you can make better decisions today for a better future tomorrow.

Want to know more?

Click "Learn More" to watch this 1 minutre video on how Financial Planning adds value to our clients.

Learn more

Why financial planning is important

What is the Financial Planning process?

When you decide to create a Financial Plan with Level Up Life Planning, you will meet with not only your advisor, but our entire team. We have a Budget Coach that will meet with you virtually to help you create an accurate budget and help with with the behavior side of how you spend your money. You will then meet with our Planning Team to help gather all of your information and goals to start building out your plan.

Some examples of different reports that are included in our Financial Plan include:

* Cash Flow (short term and long term)
* Net Worth Summary
* Balance Sheet
* Income Tax Report
* Education Planning
* Amortization Schedules

The most exciting part of our Advanced Financial Plans include ways we can help in the decision making process of so many different life scenarios:

* Buying vs Renting- What makes the most financial sense.
* Do I have enough/too much insurance coverage?
* Buying a Home- Should I put a large down payment down or invest that money?
* Retire now or wait a few more years?
* When should I take Social Security?
* Can I take that big trip? Pay for that wedding?
* How much can I afford to give my children for their college education without sacrificing my retirement goals?
* Am I saving enough for retirement in my 401k?
* Is a Roth account for me?
* And SO MUCH MORE!

Our financial planning services are billed on an annual basis and although we can manage your accounts inside of your plan, we do not require you to move your accounts over to us.

Click "Goal Calculator" to get started!

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