Financial Planning Services

We are your Sole Source for everything you need. Our All-In Service includes:

Financial Planning – The Core of our Business

We believe that All Success comes from Creating and Continuously Acting on a Plan rather than Procrastinating and Repeatedly Reacting to Life.

We plan for all areas of personal finance. We charge a fee for our planning services.

Domains of Planning

Click a domain to learn more.

  • Collect and organize financial life
  • Secure and convenient cloud storage to digitize and declutter
  • Employer benefits review and strategies
  • Identify opportunities to reduce costs and save more
  • Create strategies to automate savings and contributions
  • Create strategies for assets and debts
  • Education on what you need to know about investing
  • Learn a principle-based investment strategy
  • Create an Investment Plan for all accounts
  • Calculate your actual need for insurance
  • Evaluate current insurance for best value
  • Recommend better value if applicable
  • Review prior year returns for errors and opportunities
  • Evaluate current and projected tax liabilities
  • Create strategy to minimize lifetime taxes
  • Calculate retirement capital requirement
  • Calculate amount needed to save to reach requirement
  • Create strategy to save enough into the best accounts
  • Plan when to take Social Security for optimal results
  • Create initial plan for 3D Retirement Income
  • Create Three Dimensional Retirement Income Plan
    • Duration – Income that will last longer than you will
    • Direction – Income that will grow faster than the cost of living
    • Deviation – Income that can flex with unknowns of the future
  • Evaluate and optimize Medicare options
  • Plan Social Security (if not already taken)
  • Education on estate planning and what is required
  • Beneficiary and Transfer on Death alignment
  • Essential Estate Documents

Investment Management – Funding the Plan Efficiently

Investing drives the plan forward. Without an investing plan, investors are more likely to make critical mistakes or miss out on lifetime investment returns. In addition to creating an investment plan as part of the financial plan, we will open and manage all the accounts.

Tax Preparation – Coordinating the Past & Future

Tax Planning (part of the financial plan) is looking forward and minimizing lifetime taxes. Tax Preparation is looking backward at what happened last year and claiming all possible deductions and credits. Working with us, you get both under one roof.

We have a federally licensed tax advisor on staff with advanced training in tax preparation and ongoing education to ensure we stay at the top of our game. We can better coordinate your future tax planning with your current tax picture by doing both.

Estate Documents – Putting Your Planning into Writing

Our Estate Planning process will educate you and show you all the ways to ensure your assets go to your children and charities. Our Estate Documents will provide the essential documents to make it legal. You’ll avoid the delays and costs of probate, and avoid family fights and burdens.

Traditionally your Estate Document options have been:

  • Hire an Attorney
    • Cost: $2,000-$10,000 for basic estate documents, depending on area and complexity.
    • Pros: Includes Legal Advice.
    • Cons: Very Expensive. Often no follow-up.
  • Online Document Prep
    • Cost: $100-$600 for boilerplate documents.
    • Pros: Inexpensive.
    • Cons: Little guidance or education. Wondering if you did it right.

The cost of having an attorney do it is prohibitive for many people. But often, they don’t like the idea of generic online documents either. We have connected with an estate planning firm to provide estate documents to all our clients. We provide the planning and education and gather the information; they write the legal documents. The result is a process and end documents you can trust for all your essential estate planning needs. (Note that complex estate planning issues may still need outside legal advice, which is not included.)

  • LaxFP Estate Documents
    • Cost: No additional fee.
    • Pros: Guidance, education, follow-through, accountability, and documents you can trust.
    • Cons: No legal advice is given or included.

Insurance Advice – Protect Everything You’ve Planned

After you’ve built it, protect it! We understand the intricacies, importance, and shortcomings of insurance. We give advice and recommendations on insurance, but we don’t offer it.

As fee-only financial planners, we never earn a commission. Ever. If we recommend insurance through the planning process it’s because you need it, not because we get paid extra for it. We have vetted a few insurance brokerage firms and can recommend the best value for your situation.

How are you doing in all these areas?