Your Financial Plan is Your Foundation

A financial plan is critical to wealth management. It is the foundation for investment, tax, insurance, estate and charitable planning decisions.

We’ll help simplify life’s transitions by asking the right questions about your financial goals. Then we’ll help you look at your financial future with common-sense analysis that will help you make wise decisions. By examining your assets, income, taxes, expenses and financial trends, Tri-Star can reasonably project if you are on track to meet your long-term financial goals.

Our team uses real-time, interactive software to illustrate your financial possibilities. Working together, we project the future consequences of following your current financial strategy. Then, using reasonable assumptions, we play the “what-if” game to build a long-term plan designed to meet your needs and expectations. We address important questions like: Do you have enough assets to retire? Should you retire now or at a determined future date? How will inflation effect your retirement years? How much should you be saving toward your children’s college education? Can you afford a gifting program? Will estate taxes be an issue for you?

This process will allow you to see in an instant the consequences of today’s decisions on tomorrow’s lifestyle. What’s more, you give critical input into your financial plan. This ensures that we design a financial plan that you can live with—today and tomorrow.

A Tri-Star Story by Jack Kidwell

I have been privileged to see how well our financial planning area works with numerous clients, but one in particular comes to mind. This client had inherited money from a parent and was not sure of how these monies would affect her monthly spending, cash flow, asset allocation and other areas. Sandy Worner met with her to gather information and details in order to provide a concise plan, which Sandy did very well. I don't think that she dreamed at that time what this would lead to in the future.

With her new found wealth, our client began to get the “bug” about owning real estate due to the decline of real estate values after the recession of 2008 and the “cheap” deals that were attractive to investors. As a continuation of the work that was started, Sandy was provided details on different house and land opportunities that she analyzed to see how this might fit into the plan they previously agreed to. Based on the variety of “what if” scenarios, the client was able to make an informed decision which resulted in the purchase of real estate as a part of her net worth. She has been enjoying a cottage with family and friends for a few years now.

If that were the end of the story it would be good, but it gets better. As other needs have come up over time, Sandy has continued to engage the client in discussions with me about other actions and events that happen and make a difference to the financial plan. A change in circumstances occurred when the client became engaged and planned for a new set of budget implications as well as a change in housing to a new area. Sandy took the lead on this with the couple, gathered the information, suggested the amount they should set for their “budgets” for cash flow and for looking at houses, as well as advised on mortgage matters that were on the table. They are now married, in their new home (within the budget amounts suggested) and the plans have been working well for them. It is likely that we will get additional accounts to take care of because of the "WOW" work done by Sandy.

For more information on Jack or to contact him, please click here.

Would you like to see how Tri-Star’s approach would work for your personal financial plan? Contact us, and we’d be happy to meet with you at your convenience.