Comprehensive Financial Planning
Our comprehensive analysis starts with a summary of your existing financial situation and prioritizing your goals. We then identify deficiencies and recommend specific, customized solutions.
Your plan will address the following topics (if applicable):
- Retirement Planning and Goals Analysis
- Investment Management
- Tax Planning
- Estate Planning Recommendations
- Insurance Review
- Debt and Cash Flow Management
- Education Planning
By thoroughly analyzing each client's financial situation, we create an individualized, personal financial plan to help you achieve your goals. We strive to provide each client with the highest level of service and personalized attention.
Investment Management
If you don't have the time or feel comfortable managing your own investments, Bluegrass Financial Planning provides ongoing investment management services. We will develop a disciplined plan for you based on your investment goals, risk profile and time horizon. Whether you are saving for the future or drawing income from your investments, we will develop and implement a plan that is customized for your specific needs.
Our investment philosophy looks to establish broad diversification, combining multiple asset classes to achieve the most suitable trade-off between risk and return while keeping costs low. This approach helps increase your likelihood of achieving your financial goals without taking any more risk than absolutely necessary. We do not try to time the market, find the latest hot active manager, or try to pick only individual stocks. We help our clients achieve their goals by focusing on the long-term, being patient, and using strict discipline.
We begin the process by gathering information from you to clearly define your individual financial objectives and tolerance for risk. After detailed interviews with you, we develop the appropriate asset allocation based on investment time horizon, risk tolerance, cash flow considerations and overall investment objectives and goals.
Once we develop and agree on the appropriate asset allocation, we select no-load mutual funds and/or Exchange Traded Funds (ETF's) from a fiduciary standpoint, prioritizing the clients' best interests. After implementation, we monitor the investments and rebalance the portfolio to ensure that the investments coincide with the recommended asset allocation strategy.
Retirement Income Planning
One of the biggest challenges for retirees or those nearing retirement is determining how to use their assets to provide a dependable income stream. The days of relying on a generous pension and Social Security for retirement income are long gone for most of us.
This service will provide a plan on how to withdraw from your retirement accounts and other investments to match your income needs and other goals in the most tax efficient manner. We will review your sources for income in retirement and determine how much you can afford to withdraw each year.
We developed our retirement income planning service so you receive a plan specific to your own unique situation that provides withdrawal strategies to make your nest egg last longer. You will also have peace of mind that you are receiving unbiased, professional advice and not being sold an annuity or other financial product. Most advisors that claim to offer this type of service are actually selling annuities or other products that may not be in your best interest.
Hourly Planning
For those clients who are seeking help or advice on a particular issue or concern, we offer an hourly planning service to address your specific needs.
This service can be used for advice on many topics such as:
- Second opinion of current investments or portfolios
- Retirement needs analysis
- Social Security planning
- Lump-sum investment recommendations
- College funding advice
- Budgeting
- Debt reduction
For example, we can offer a second opinion on your current investment strategy, run scenario comparisons, calculate savings goals, provide information on education or retirement savings plans, run social security optimization calculations and many more areas.
Using this service, you tell us what you need and we will provide whatever analysis, research or data comparisons are necessary to address your concerns and answer your questions.