The Brightworks Financial Planning Process is structured to cover all areas of your financial life in a 4 meeting sequence designed to deliver a plan no more than 5-10 pages with personalized and actionable items to meet your goals. This process is designed to keep momentum with engagements completing in 3 months or less.
Discovery Meeting
We get to know you and your goals. This is a time to make sure that working together is a mutual fit for success. Money is a tool and we want to explore with you how we can leverage it to meet your goals to get the most out of life.
Cash Flow & Risk Management Meeting
After gathering your financial data, we talk through and audit your cash flow to see where the leaks are. We discuss how to make sure you and those you love are best taken care of if the unexpected happens.
life, disability, long term care, property & casualty, and health insurance review. Short-term savings optimization, debt service consulting
Investment & Retirement Planning Meeting
We look under the hood of where, how, and why you’re investing and optimize for appropriate structure and time horizon. We map out retirement projections to ensure you know the trade-offs and create a tailored and tax efficient strategy for distribution.
monte carlo analysis, asset location, asset allocation, tax aware investing, roth conversion analysis, social security analysis and claiming strategies, medicare planning, retirement cash flow planning
Tax and Estate Planning Meeting
We review your previous tax return and identify opportunities to mitigate your taxes according to your goals and priorities. We provide education on how taxes impact every portion of your financial plan and provide recommendations. We review your current plan and identify recommendations to make sure you assets are protected, distributed, and given according to your wishes. We provide education on the steps to optimize your plan. We decide on implementation either through outsourced partnership solutions or a referral to a local attorney. The final plan is presented at or after this final meeting.
gifting strategies, donor-advised funds, qualified charitable distribution, withholding strategies, estate tax education, accumulation versus distribution (pre-tax versus roth, Education on the parts of an estate plan, beneficiary designation review, general education on wills versus trusts, probate avoidance, legacy planning)
Implementation and Monitoring
After we present your plan you have the option of engaging Brightworks Financial Planning for ongoing financial planning to help implement recommendations and monitoring the progress of your plan. We can serve as your ongoing financial planner with our without investment management services.