Planning with a Focus on “Need” instead of “Greed”

Six broad steps to the planning process:

  • Define the scope of the planning engagement, considering the immediate issues, long-term concerns, investment management issues and any necessary coordination of services with experts.
  • Consider personal and financial goals, needs and priorities, assessing what you might be doing in the future and details of your current income, expenses and savings.
  • Analyze all of your actual and projected resources, including invested securities and other assets and properties, alongside your anticipated needs and goals.
  • Identify and evaluate your available options, considering to what extent your resources provide for your goals.
  • Agree upon the discipline of a financial plan with a long-term investment policy and asset allocation, specifically designed for you.
  • Initiate the plan with you and begin actively monitoring all aspects of your progress against plan.

Contact Cooper Lapman Financial to learn more about our approach to planning and investments.