Financial Planning
Why People Say ‘Yes’ to Prime Portfolio Planning
Our financial planning pulls together all your finances and organizes them to help make management easy and effective. The more you understand and better manage your wealth, the more prepared you are for your goals and dreams
The Prime Portfolio Planning Process:
A comprehensive approach to personal financial management that involves six key steps. It begins with establishing a client-adviser relationship and understanding your financial goals, current financial situation, and risk tolerance. Next, the process involves identifying and analyzing relevant financial information to develop a comprehensive financial plan tailored to your needs.
This plan includes strategies for budgeting, investment, retirement planning, tax management, insurance, and estate planning. After presenting the plan to you and addressing any concerns, we work with you to implement the recommended strategies. Regular monitoring and review of the plan ensures that it remains aligned with your evolving circumstances and goals.
The Prime Portfolio Planning process emphasizes a holistic and client-centric approach, aiming to provide you with a roadmap towards achieving your financial objectives while considering your unique financial circumstances and aspirations.
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Fundamental to building a sound, manageable future is saving for the unexpected as well as the expected. Prime Portfolio Planning can provide you with a plan that shows how saving is easier if you “pay yourself first” and build automatic savings into your budget.
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We know cash flow is a cornerstone in developing a comprehensive financial plan. Identifying what your spending habits are now will help us identify what your cash flow needs in retirement will be. Failing to have a clear picture of your bills and expenses can dramatically reduce your ability to meet your financial objectives.
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The costs of education for children and grandchildren can be staggering and are seemingly always on the rise. Education is often one of the largest expenses families incur. Prime Portfolio Planning will arm you with current information about the variety of proactive educational savings vehicles that can help you plan your funding goals while managing exposure to big surprises or long-term debt
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Risk can take many forms: illness, accident, liability, and natural disasters, to name a few. Failing to manage risk properly can jeopardize your financial future. That’s why Prime Portfolio Planning evaluates the various levels and types of insurance you carry to make sure they’re aligned with your overall goals and needs.
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An individual’s stock-to-bond allocation is the driving factor behind investment performance. Prime Portfolio Planning thoughtfully choses an allocation based on risk tolerance, cash flow needs, and unique personal goals and implemented with a low-cost, tax-efficient, well-diversified portfolio.
*There is no guarantee that a diversified portfolio will enhance overall return or outperform a non diversified portfolio. Diversification does not protect against market risk.
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Social Security benefits, employer-sponsored plans, and personal retirement savings including investments, IRAs, and annuities typically combine to compose the retirement income for most Americans. Deciding which retirement choices will serve you best can be daunting, but Prime Portfolio Planning can guide you to the options that will help support and enhance your overall investment and tax strategies.
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Do you have an estate tax concern? *Answer: Your legacy is in your hands. Only through diligent monitoring can you be assured your assets will be transferred effectively and according to your wishes to the people and charities you care about most. Prime Portfolio Planning will provide you with the guidance on establishing trusts, regularly reviewing your financial documents and beneficiary designations. The examining of tax implications for survivors are vital to establishing a plan that provides you and your loved ones with greater confidence and security.
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What are my options in selling a property with capital gains? Answer: Selling a property is just one piece of your overall financial plan. Let Prime Portfolio Planning model outcomes that could provide you with tax efficient options.
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Do you currently hold any company stock? if yes, how much and in what form (shares, options, RSUs). How comfortable are you with holding a significant portion of your wealth in company stock? *Answer- Prime Portfolio Planning knows It is important to evaluate key aspects when you are a holder of company stock. You should consider the optimal timing for exercising stock options. One should analyze the tax implications of exercising stock options, including the potential impact on ordinary income tax rates and alternative minimum tax (AMT)