At Stanhouse Financial Planning and Management, LLC, our goal is to help you have peace of mind that you are taking wise steps to reach your goals.
In a comprehensive review, we seek to understand each client's personal and financial situation, objectives, comfort level with risk and time horizon for achieving goals. This understanding allows us to:
In a nutshell - retirement planning is planning to be sure that when you want to retire you will be ready, and when you are ready that you will have peace of mind that you are on a sustainable course for your entire life.
In the process of retirement planning we typically look at all aspects of your financial life which generally include: lncome, Expenses, Saving, Taxes, Investments, Obligations/Liabilities, Insurance (Life and Disability), Life Goals, and Estate Planning.
In the course of this process we will do financial projections. These projections start with where you are today, continue to where you want to be at retirement and stop at the end of an estimated long life span.
We use financial planning software tools (MoneyGuidePro and RightCapital) and techniques (Monte Carlo Analysis) to model different scenarios and their chances of success. We take into account inputs such as expected social security benefits, expected investment returns, expected variability of investment returns, expected lifespan, expected inflation, and expected health-care costs. This tells us if you are on a realistic path or not, and if not, what could be done to improve it.
The guidance that results from our planning process is based on the sole criteria of helping you meet your goals. Are you focused on retiring comfortably, selling or exiting a business or leaving a lasting legacy? We always recommend the most appropriate, most cost-efficient products and solutions.
At Stanhouse Financial Planning and Management, LLC, we recognize that no client's financial life is one-dimensional. In our experienced objective capacity and fiduciary role, we consider all the elements of your financial life in order to help you reach your bottom-line goals and achieve peace of mind.