List of Concerns

Financial Planning Concerns to you and DFC:
 
We will prepare a comprehensive analysis of your existing financial situation, quantify and prioritize goals, identify deficiencies and recommend specific, customized solutions. Your Financial Plan will address the following topics (if applicable):
 
Asset Allocation and Wealth Accumulation:
  • Retirement and investment vehicles (both liquid and non-liquid)
  • Current and projected rates of return
  • Analyze all data in relation to inflation
  • Review asset allocation
  • Discuss proper diversification while keeping in mind the client's "sleep factor"
  • Avoid "too many eggs in one basket"
Business Planning:
  • Strategic business planning procedures
  • Employee benefits, executive compensation, and tax planning* for the business owner
  • Discuss protection of income, the transferring of your business, retirement income and estate conservation
Cash Flow Management:
  • Differentiate between what you think you spend and earn vs. what actually may be occurring
Company Benefits:
  • DFC, LLC will analyze company benefits and help clients make informed decisions
  • Retirement plans, cafeteria plans, thrift plans, insurance options available (disability, group life, health, dental, vision, etc.)
  • When a client is scrutinizing whether or not they should change employers, calculations may occur to help with the decision
  • Sometimes clients just need to know "what they have"
Estate Planning:
  • Titling of assets to maximize the unified credit
  • Wills, advanced directives, powers of attorney, trusts
  • Estate tax reducing concepts
College Funding:
  • College funding programs are devised to meet the client’s goal
  • Teach which institutions of higher learning may offer loans and/or grants and discuss what amounts may be available
  • Tax returns*, positioning of assets and liabilities, current income for you and your child
Income Planning:*
  • Earned income
  • Adjustments to income
  • Itemized deductions
  • Charitable deductions
  • Observe the effects of inflation
  • Tax return schedules
  • Search for credits and deductions you may have missed
  • Aim to cut taxes
  • Calculate your expected tax liability for the next few years
  • Estimate state tax liabilities based on your business travel time
Liabilities:
  • Examine interest rates & debt to income ratios
  • Discuss the use or "abuse" of loans
Life Insurance:
  • Research the type, amount, premium, ownership, needs and amendments for group, business, and personal life insurance contracts
  • Proper and creative uses of these policies
  • Cost reductions
Retirement Planning:
  • Annual income needs during retirement
  • Calculate company pension benefits
  • Social security
  • Maximize the benefits of your company pension
Social Security:
  • We listen to your "feelings" on social security and share our thoughts
Mortgages:
  • We recommend trusted mortgage brokers to assist to both mortgages and refinancing
  • Personal, investment, and business loans and the best way to utilize them 
Property/Casualty Insurance:
  • Personal and business property/casualty insurance
  • Umbrella coverage
  • Liability limits, endorsements, riders, and deductibles

 

*The financial analysis and recommendations are not intended to replace the need for independent tax, accounting, or legal review. Individuals are advised to seek the counsel of such licensed professionals.