Values-Based Planning
Discovery Leads to Wise Choices
You have individual experiences and unique hopes and dreams that calls for a values-based approach to financial planning. Your core values become the basis for defining your financial philosophy and this serves as a guide in developing your plan.
My four-step process includes:
- Discovering your values, attitudes and preferences concerning your financial assets.
- Clarifying your vision for the future.
- Connecting your vision, values and goals with the planning process.
- Implementing an action plan that seeks to produce your desired results.
My planning process is unique – I start at a different place than other advisors. I start above the planning horizon and focus on helping you clarify your Mission, Vision, Values and Goals. Then I focus on the issues below the horizon – Strategies, Tactics, and Tools. By staying above the horizon and gaining clarity around your goals, I can help you make wise choices about the solutions below the planning horizon.
Natural Priority of Wealth Planning
The wealth planning process often involves three phases: financial independence, family legacy, and social capital.
- Financial Independence: Solutions are in place to meet your retirement and other personal goals to ensure your personal financial well-being.
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- Family Legacy: Leaving your children an inheritance, giving them a financial head start in life and providing for their general future needs along with your personal values will shape the commitments you make in creating your family legacy.
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- Social Capital: Determining the disposition of your assets through community and charitable giving take place to ensure your assets will not go to the government in the form of a tax but to a charity as a gift.
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Your plan should maintain your desired lifestyle and protect your financial security, transfer what you have to whom you want, when you want and how you want, and allow you to choose between charitable or tax dollars.
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