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Financial Planning

A well planned trip may help you reach your destination more efficiently.

Do you have a comprehensive plan?  A solid financial plan, that evaluates your whole picture, is one of the keys to achieving financial success.    

Our objective, collaborative, creative, and customized process helps you target your goals, determine where you are now, and outline strategies to help you reach your desired financial destinations.    

Sometimes, the hardest part of the Journey is just getting started.  Let's Get Started!

Services for Individuals:

• Cash Flow and Balance Sheet Planning- During this process we gather information from you to aid in preparing and analyzing your current financial state. This process will include the preparation and analysis of your personal balance sheet and cash flow statement. The personal balance sheet is a statement of financial position which shows your assets, liabilities, and net worth as of a given date. The statement of cash flow shows your income and expenses for a given time period. Both statements are essential to the planning process as it would be difficult to help you  achieve your financial goals and objectives without them.

• Retirement Planning- The retirement planning process includes an analysis of your  current financial situation, expected retirement date and income needed at retirement. The Advisor will present planning strategies and techniques that can be used to assist you in accumulating wealth for retirement income, or in the appropriate distribution of assets following retirement. Tax consequences and tax implications are identified and evaluated.

• Investment Planning- During the planning process, our financial professionals evaluate your existing investments to provide an overview analysis of current holdings. This process includes an analysis of your current asset allocation, investment income and/or growth, tax consequences and tax implications. Once your current holdings have been reviewed, our financial professionals may recommend strategies and investment  accumulation and distribution techniques. The strategies and techniques recommended are designed to assist you with the selection of the appropriate asset allocation strategy necessary to meet your investment objectives and may provide you with investment categories considered by the Advisor to be in your best interest. The strategies and techniques outlined in the investment plan are designed to assist you with the achievement of stated investment goals at the most appropriate risk level. In certain situations the Advisor will include a written Investment Policy Statement as part of the Investment Plan, which states your needs and goals and encompasses a policy under which these goals are to be achieved. Implementation of the recommendations is at your discretion.

• Tax Planning- During the tax planning process, we work with you and your tax and/or legal professionals on such topics as timing of gifts, property transfers, receipt of social security income, and minimum distribution requirements from retirement accounts to minimize tax obligations.  Tax planning services are offered by Knox Financial Services.  Lincoln Investment does not offer tax or legal advice, 

• Insurance Planning and Risk Management- During the insurance planning and risk management process, we help analyze and assess your exposure to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, or the need for long-term care. Advice is provided on the costs and benefits of available financial products that exist to reduce such risks. Current insurance coverage will be reviewed and analyzed.

• Employee Benefit Plan Review- During the employee benefit plan review process the Advisor will review and analyze the benefits provided to you from your employer.  Employee benefits such as retirement plans and insurance will be reviewed to see how they fit into your overall financial situation.

• Estate Planning- During the estate planning process, the Advisor provides advice to enable you to make informed decisions with respect to property ownership and distribution of assets, in light of current federal and state estate tax rules. Based upon the your current situation and future goals, the Advisor will review your current estate plan, work with the your estate planning attorney, and suggest alternative strategies when appropriate. The estate planning process involves a discussion of gifting, trusts, wills, and the disposition of business interests. Tax consequences and their implications are identified and evaluated.