Investing can be intimidating. Whether you are just beginning or considering when to retire, you may be asking yourself:

  • Will I have enough?
  • Can I support my current lifestyle with what I will have?
  • What do I do if the markets correct?

A financial plan can help answer these questions by examining current assets, lifestyle requirements, and future goals to provide a road map to a secure financial future.

Haven Wealth Group’s team can construct a financial plan which is as detailed as the client desires, by completing the following process:

Financial Planning

Gather Client Information

The planning process begins with the client gathering personal and financial information. This information is then reviewed with a member of the Haven Wealth Group team to ensure client goals and priorities are understood.

To make this process easier, Haven Wealth Group has constructed a financial survey.

Analyze Data

Next, a member of the Haven Wealth Group team organizes and inputs the data into financial planning software for analysis.

This program generates projected cash flows which consider sources of income, expenses, and asset growth over time.

Haven Wealth Group then prepares a presentation which includes a summary of all data input and all assumptions used.

Present the Plan and Identify Additional Client Needs and Objectives

The Haven Wealth Group team meets with the client to review findings, discuss the plan and make recommendations to achieve client’s short and long term goals.

Develop the Plan

Nearly all financial plans leave clients with additional options to consider moving forward. Decisions can range from when to increase retirement saving contributions, to decreasing debt, to setting a retirement date, to when to take Social Security. Haven Wealth Group advisors are available to suggest and discuss options.

These options can be loaded into the financial planning software and analyzed in real time to aide in the decision making process.

Implement the Plan

Together Haven Wealth Group advisors and the client develop a set of options to implement.

Haven Wealth Group can help the client stay organized by supplying a list of actionable items and assisting them in completing those tasks.

Monitor Results and Update Plan

Financial plans can be updated annually to incorporate changing circumstances.

Many clients incorporate an updated financial plan with their annual investment reviews to ensure they are on track.