Financial Planning

It is never too early or too late in life to benefit from financial planning. Obviously, if you are in your senior years and just starting to plan, your age, tolerance for risk, heath status, and length of time to grow investments is going to impact your results. But with good health, an adequate income, and without excessive debt, most people can benefit from financial strategies that reduce unnecessary spending, protect and grow assets, cover expenses, and maximize income. The potential for wealth building is enormous when one follows a strategic financial plan at a stage of life when they have a higher tolerance for risk and much more time to grow assets.

Financial planning is a process that is ongoing and takes into account everything that is needed to reduce financial stress, achieve financial security and grow and protect assets. The process begins with a complete financial analysis that is foundational for a comprehensive financial plan that is consistent with your stage of life, goals, assets, liabilities, and tolerance for risk. A financial plan often includes estate, tax, legal, insurance, investments, gifting, and end of life considerations.

Retirement planning often includes insurance and investments such as tax-deferred and tax free IRAs, and annuities that pay you throughout your retirement years regardless of the length of your life. Long term care insurance is easy to obtain and inexpensive for young people. Seniors may opt for final expense insurance or choose to prepay funeral expenses. Other parts of retirement planning include trusts, living wills, durable power of attorney documents, and more.

The best financial results are achieved through a commitment to following a strategic financial plan evaluated and adjusted during professional financial management. Tri-Stand Financial works with a team of expert financial and legal professionals. This provides our clients with access to comprehensive financial services including financial planning, tax planning, investments, asset protection, living wills and trusts, and resources for managing debt and reducing financial stress.