Nobody should have to create their financial plan alone. Creating a relevant and realistic financial plan can be done in three steps.
Living your best life requires a plan and strategies to get you where you want to be. In this stage, we will help you address your most pressing questions and planning opportunities that are appropriate for your values, financial circumstances, goals, stage in life, such as:
- How can I maximize my company stock awards (stock options, restricted stock units, employee stock purchase plan, etc.)?
- When is the right time to take Social Security?
- What can I do to lower my income tax bill now and in retirement?
- How can I efficiently pass along my wealth along to loved ones or charities?
- How should I start planning to sell or transfer my business?
- Can I afford to… <fill in the blank>?
- Will I be ok if… <fill in the blank>?
- Will my family be ok if I get rid of some of my insurance?
- Do I have enough life or disability insurance?
- Do I need long-term care insurance?
- What’s the best way to pay for a family members education?
- How can I get organized, so my loved ones know where everything is, and what it is worth, after I am gone?
- What’s the best way to purchase a home, car, or give to a charity?
- How can I protect my family and my wealth from the consequences of long-term care?
- Could multi-generational living strengthen my family or my financial security?
Disclaimer – To help serve our client’s best interest, we do not receive commissions or compensation for any insurance advice that we provide. We do not accept referral fees when we refer you to an insurance agent.
We will help you customize a plan to answer your most pressing questions and maximize your resources in a meaningful way.
Does the thought of financial planning and money decisions stress you out?
Our team enjoys doing whatever we can throughout the planning process to lighten your load, save you time and work on making progress so you don’t have to worry about the future or what to do next.
After you decide to get started, we will be with you every step of the way helping you to work through your pressing questions, schedule the next meeting, create action plans, provide assistance completing forms, jump on a call with your team (accountant, attorney, or insurance agent) or give you a polite nudge to get something important done before an important deadline.
We understand that life changes and sometimes throws you a curve ball. We are always just a call away to help you plan for or work through life’s challenges and exciting transitions.
Custom Planning Maintenance
Your circumstances, goals, and stage in life will help us identify financial planning opportunities that can maximize your resources in a meaningful way. Learn more about custom planning maintenance by selecting from the available services below.
Create and share to-do lists. We will give you a nudge when an important deadline is approaching or when you ask us to help keep your financial life plan on-track.
Explore options for business purchase and succession including planning for death, disability, and retirement.
Create a plan to manage your cash flow. Learn more on our Cash Flow Management page.
Determine how to effectively pay off and manage your debt and address questions like:
How big should my mortgage or down payment be?
Does my house have to be paid off before I retire?
How much of my extra cash flow should be used to pay down my debt?
Should I save more into a qualified plan and get a tax deduction, or should I pay off debt and save on interest?
Determine how much you want to set aside for emergency reserves and explore options for where to hold your reserves (savings, money market, CDs, short-term municipal bonds, etc).
Evaluate how much you need to save to achieve your education goals
Understand the different types of options for funding education goals
Develop a plan to help provide an education for loved ones
Explore options to maximize employer stock awards and answer questions such as:
How should I use my company stock awards/benefits to fund my life goals?
How can I diversify my employer stock awards to reduce my concentration risk?
Is there a way to sell or diversify my stock awards while minimizing taxes?
This service may include working with your accountant, insurance agent, or referring you to a qualified professional who can assist you.
Develop a plan to support causes that are important to you
Identify options that could allow you to gift in a way that helps to reduce your tax burden today or in the future
Develop and define how you would like to leave a living and/or end of life legacy for your loved ones
Complete a review of your beneficiary designations on your company retirement plans, insurance policies, and your non-retirement accounts
Provide support to update your beneficiary designations on your insurance policies and investment accounts
financial plan projections
estate tax and wealth transfer projections
roth conversion analysis
portfolio maintenance reports
Receive objective guidance regarding how much life, disability, or long-term care insurance you need and want for yourself and loved ones.
Determine where you can get the most value for your insurance dollars (company voluntary benefits vs privately owned coverage)
This service is designed to help you find gaps in your coverage and identify opportunities to eliminate unnecessary coverage.
We can provide introductions to brokers who can shop coverage on your behalf, or we can also work with your current agent or broker.
We do not sell products, accept commissions or receive referral fees from insurance agents that we recommend.
Explore opportunities to protect your current and/or future income and assets from unnecessary taxes. Seek answers to some common tax questions:
How much should I save into my company retirement plan?
How much could I save in future taxes by funding a Roth, 529, or other tax-advantaged investment option?
What is the right mix of Roth vs pre-tax savings?
How can I diversify my company stock awards without paying too much in taxes?
Explore how and when to file for your benefits or spousal benefits to maximize your potential lifetime benefits.
Job change – navigate through benefit decisions, evaluate offers for new employment, contract negotiation considerations
Retirement planning – work through pension decisions, projections, and scenarios you want to plan for
Survivorship planning – receive support to work through financial matters and decisions after losing a loved one
End of life planning – collaborate with your legal team, accounting team, and family members to develop an end of life plan
Multigenerational living – explore advantages and disadvantages for living with family members including ideas for managing household finances in a way that supports your family’s values, dynamics, and objectives
Divorce planning – receive support to work through the financial side of a divorce (project cash flow needs, respond to requests for financial reports, track desired or required beneficiary and insurance changes, hold collaboration calls/meetings with your accountant/attorney, etc).
Get Started by Following Three Easy Steps
1. Take the Dreams and Means Index
Click here to begin exploring opportunities to get more out of your time and money.
2. Connect With a One Life Financial Coach
Your One Life Coach will review the results of your index and help you customize a plan.
3. Let Us Work the Plan Together
After deciding to work together, our team guides you throughout every step of the process.
One Life Financial Group, Inc. does not offer tax planning or legal services but may provide references to accounting, tax services or legal providers. They may also work with your attorney or independent tax or legal advisor. ** One Life will often collaborate with your attorney, insurance agent, accountant or make an introduction to a qualified professional when providing Employer Benefit Guidance or when outside the scope of the services we offer. Custom planning maintenance can be provided during a one-time or ongoing services agreement. Services are customized to your needs and stage in life.
Sources: Gallup News