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Life Financial Planning, Inc. offers a comprehensive array
of financial planning and investment advisory services including the following:
Investment Advisory Services
Investments are crucial to the success of the entire financial planning process.
Life Financial Planning provides investment advisory services. Our investment
advisory services include determining the appropriate investments to fund your
financial planning objectives, recommending specific investments to fulfill
your financial objectives, and reviewing your current portfolio to determine
if it is appropriate to your circumstances.
Our full service portfolio management program allows Life Financial Planning
to design and manage an investment portfolio to achieve your financial goals.
In designing your portfolio, we will identify your investment profile, including
your risk tolerance, time horizon, liquidity needs, and tax considerations.
Life Financial Planning will then determine the proper asset allocation. With
the asset allocation determined, we will provide an investment portfolio appropriate
to your investment profile.
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Retirement Planning
When properly planned for, the golden years of retirement can be wonderful.
Life Financial Planning can assist in retirement planning by establishing goals
and objectives, estimating retirement funding needs, and determining appropriate
methods to achieve these goals.
Life Financial Planning can help in building your retirement fund by analyzing
your employee benefit plans to determine your expected benefits and by planning
the best way to finance your retirement fund through Individual Retirement Accounts
(IRAs), qualified plans, tax-sheltered annuities, and other investments.
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Education Planning
Life Financial Planning assists its clients in determining the appropriate goals
for their children's education funding. Our services include estimating future
college costs and calculating the appropriate level of funding. In addition,
Life Financial Planning will assist in determining how to fund college costs,
including the ownership and control of the college funds.
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Estate Planning
Through our estate planning services, Life Financial Planning enables its clients
to accomplish the desired distribution of their estates while minimizing estate
and gift taxes. The estate planning process begins with the identification of
client goals and objectives and the analysis of their estate assets, their ownership
and their value. Through the use of various estate planning tools and techniques,
Life Financial Planning will determine the best way to fulfill its client's
goals and objectives while minimizing both federal and state succession taxes.
We also work in close association with our client's legal counsel to ensure
that the necessary documents are drafted as efficiently as possible.
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Income Tax Planning
Income tax planning is pervasive throughout the financial planning process,
because the tax implications of all funding alternatives must be taken into
account. Many times the income tax effect of an investment will determine if
the investment will garner the returns necessary to fulfill your financial objective.
Life Financial Planning is unique because it can provide expert income tax
planning advice in the context of your comprehensive financial planning, particularly
in the following areas:
- Retirement Planning - Rollovers, transfers and withdrawals; Lump sum distributions;
- Annuities; Social Security benefits; and disposition of retirement assets
- Education Planning - Funding alternatives
- Investment Planning - Funding alternatives and timing
- Risk Management and Insurance -Income tax implications of insurance and
other indemnification vehicles
- Estate Planning - Minimizing the income tax cost to the estate and its beneficiaries
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Risk Management and Insurance
Life Financial Planning can assist you in the area of risk management and insurance
by evaluating your financial risks and arriving at strategies to manage them.
These strategies may include the use of insurance, typically the principal method
of handling risk. Life Financial Planning will provide its clients with guidance
in the areas of individual life insurance, business related life insurance,
annuities, health insurance, long term care insurance, health insurance and
disability income insurance.
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Cash Flow Planning
In general, people seek advice on cash flow planning as a means of obtaining
more effective control of their financial circumstances. However, cash flow
planning directly affects every area of financial planning. Cash flow utilization
not only determines lifestyles, but also directly affects the achievement of
long-term goals. Cash flow planning is especially beneficial in such situations
as the anticipation of additional dependents (children or parents), the anticipation
of marriage or divorce, the receipt of significant inheritance or gift, the
approach of retirement, and the impending maturity of a significant debt obligation.
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