Why Your Financial Plan Should Be Unique
Be cautious of generic financial advice; what works for others may not align with your unique goals and circumstances, emphasizing the importance of personalized financial planning.
October 29, 2020
Be cautious of generic financial advice; what works for others may not align with your unique goals and circumstances, emphasizing the importance of personalized financial planning.
We see our client relationships as lifelong partnerships, guiding them through life’s changes with personalized financial planning, ensuring adjustments are made as needed for optimal outcomes.
Savings vehicles are tools for financial advisors; ensure yours employs diverse strategies, from retirement plan analysis to tax-efficient investments, for comprehensive planning.
Understand the risks of irrevocable distribution decisions and creditor status in deferred compensation plans, considering the T.A.G. test—Tax Efficient, Access, Growth Opportunity.
Stick to financial fundamentals: diversify investments, maintain an emergency fund, prioritize estate planning, transfer major risks with insurance, and save for growth.
Beware the wealth-sapping influence of behavior and seek guidance from a financial planner aligned with your goals, adjusting your portfolio only when necessary.
Understanding financial advice costs involves two paths—advisory and brokerage.
I invest in a $3 million 20-year term insurance policy to bridge a $3.5 million gap in family needs, contrasting potential investment scenarios to achieve the same net worth in 20 years, emphasizing the importance of wise investing and choosing the right financial tools.
How Know My Plan stands out in our financial planning process, with the focus on You.
Have you ever thought what do I have? Why do I have?
If so, the castle picture will let you know.
Financial planning builds a protective moat around your castle. But what is it protecting you from?
Your greatest asset may not be what you think – protect your income with disability insurance to safeguard your financial future, as illustrated by the tax-free benefits of proactive planning.
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Woodward Building – Suite 775
Charlotte, NC 28277
We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
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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.