One-Page Financial Plan
Financial plans don’t have to be complex, let’s look at the benefits of a one-page financial plan.
March 4, 2021
Financial plans don’t have to be complex, let’s look at the benefits of a one-page financial plan.
Learn three ways to create tax-free income: Roth accounts, cash value life insurance, and Health Savings Accounts offer opportunities for tax-free distributions and growth.
Allocate speculative investments to tax-free Roth accounts to maximize gains without triggering tax liabilities, providing a strategic approach for capitalizing on high-return opportunities.
Investors’ expectation of 11.2% annual returns conflicts with their priority of “Capital Preservation,” revealing a notable gap between risk tolerance and expectations.
Allocate your net worth strategically: maintain a six-month cash reserve, secure five years’ worth of portfolio income in fixed-income investments, and invest the rest for long-term growth.
Even during stock market declines, there can be opportunities to reinvest dividends at a higher yield or buy shares at a discount, leading to potential long-term gains.
Understanding Market Volatility: Navigating Returns Within the Normal Distribution.
Grace Groner turned $180 into $7 million through dividend reinvestment in Abbott Laboratories, underscoring the potential of long-term investing, but remember, dividend payments aren’t guaranteed.
Key Questions Answered: Bonus Allocation, Stock Options, Insurance, Savings, Education, and More in Your Financial Plan.
The rise of the Roth 401k prompts a key decision: pay taxes now or later?
We customize financial checklists to suit your unique needs and goals, drawing inspiration from the meticulous approach of flight crews to ensure comprehensive planning and efficient execution.
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Charlotte, NC 28277
We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
Client stories, answers to your questions, and market guidance delivered every Saturday morning at 9am!
Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.
Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.