Financial Planning

At RTI Wealth Management, we provide comprehensive wealth management and financial planning strategies. Our wealth advisors understand that all our clients are unique. Thus strive to implement a tailored approach in the financial planning process while focusing on evaluating your financial position, clarifying your short-term and long-term goals, determining your assets and liabilities, planning for the future, and building a legacy.

<b>What is Financial Planning?</b>

What is Financial Planning?

Financial planning is a broad and continuous process where individuals or firms work closely with a professional to determine their financial position, create goals, identify and assess available resources, and develop a strategy to achieve the set financial objectives and, eventually, financial independence. Financial Planning goes beyond investments. It provides comfort in knowing how to remain on track in each stage of life by gaining much-coveted financial freedom.

What Does a Financial Planner Do?

A financial planner helps you assess your current financial situation, set achievable goals, create a sound financial strategy, and meet short-term and long-term objectives. Financial planners can also help you cut unnecessary spending, save, pay off debts, and make meaningful investments.

Do I Need a Financial Planner?

Most people adopt a DIY approach if their finances are simple. Nonetheless, if you are in a complex financial situation, you'll benefit more from the services of a financial planner. A financial planner can provide an impartial perspective and expertise to decide what you should prioritize, investments, insurance, and other crucial needs about your financials. Financial planners are especially helpful when faced with a life-changing event or situation such as inheritance, marriage, divorce, etc.

Do I Need a Financial Plan?

For the financial planning process to be effective, you need a financial plan. A financial plan helps you identify what is truly achievable given the available resources and what you may be overlooking. Generally, it blends your goals with your daily needs and future wishes.

What Should a Financial Plan Include?

Financial planning is an integral process that requires a comprehensive approach because of the numerous considerations involved in setting up your financial plan. A financial plan includes goals and objectives, cash flow analysis, investment planning, net worth analysis, taxes, and insurance planning. These building blocks are used to design a practical plan and tactics to achieve set financial objectives. RTI Wealth Management simplifies this process by working with you side by side to identify and propose recommendations for the best outcome. Our financial planning process includes a comprehensive review of the following areas:

Investment Planning
Planning for your investment depends on your available resources and set objectives. We will review your fixed incomes, equities, and cash accounts to help us choose the most suitable investments for you.

Cash Flow Analysis
Here, we review your lifestyle and cash flow to determine how much you can comfortably spend without digging into your savings to help alleviate financial worry.

Insurance Planning
In addition to helping you live your life free of financial worries, financial planning also helps mitigate risks. When done carefully, insurance planning can help you reduce debt, protect assets, replace income, and manage tax impact on your estate.

Retirement Income Planning
If you are nearing retirement or already in retirement, our financial planners will work with you throughout to ensure that you are adequately managing your resources.

Income Tax Planning
If not properly checked, income taxes can impact negatively on your finances. We help our clients interweave their income tax in their financial plans to mitigate potential risks.

Charitable Planning
If you want to contribute to meaningful causes or wish to be involved in some philanthropic endeavors, we can discuss plans to accommodate your charitable efforts.

Anticipate Change
Financial planning should help you navigate life's changes such as career changes, retirement, divorce, marriage, buying and selling assets, death, birth, etc.

How Much Will My Financial Plan Cost?

Financial planning fees are dependent on your situation, specific needs, services offered, and advisory firm. Your prospective firm should provide a rough estimate after the initial consultation meeting when the complexity of your situation has been assessed and determined. After completing your financial plan, your relationship with your preferred firm will probably evolve into a continuing wealth management process based on a fraction of the assets.

How Do I Get Started?

Starting a financial planning process with our certified professionals begins with contacting us to set up an appointment. RTI Wealth Management is committed to providing you with a comprehensive range of services to address your short-term and long-term financial objectives. We look forward to getting to know you and beginning your financial planning journey together.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. | 970-236-8800

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