Comprehensive Financial Planning

Comprehensive financial planning is all about analyzing your current situation and creating a roadmap to get where you want to go. Financial plans mean different things to different people. You may want to get out of debt, save up for a house, prepare for retirement, contribute to your kids’ college savings plan; or travel the world. The financial planning process is the vehicle that lets you achieve those goals.

Our team of financial advisors is here to help you make the best decisions for yourself and your family. We take a holistic approach to the financial planning process, which means we create a unique strategy designed to help you get on track to reach your financial goals. The first step is getting to know you and your aspirations and understanding your current financial situation.

What’s Included in the Financial Planning Process?

Financial planning is a comprehensive process that can include many components. Not everyone will need the full array of financial services, but what’s included also depends on your stage of life. Here are some examples of financial planning in action:

It’s Time to Prioritize Your Financial Planning
  • Creating and optimizing your retirement plans
  • Managing your investment portfolios
  • Reviewing your insurance coverage
  • Contributing to a college savings plan
  • Creating a strategy to reduce your tax burden
  • Creating an estate plan to avoid probate
  • Formulating a retirement income distribution plan

A holistic financial plan must include an insurance review. Insurance is necessary to protect your loved ones and your assets. We also think about your tax burden because every investment decision affects your tax situation. Your financial plan will change as you go through life. Initially, you may focus on saving for retirement, but eventually the focus will switch to creating an income distribution plan during retirement.

Why Financial Plans Are Important

Without a financial plan, you’re paying more in taxes than you need to. You may also not have the insurance coverage you need to protect your assets if you become disabled or need long-term care not covered by medical insurance. Instead, you may only be focused on one goal, such as saving for retirement, but you probably don’t have the knowledge and experience to optimize your retirement portfolio.

Having a financial plan helps you understand your current situation and allows you to take the steps necessary to reach your financial goals. Proper financial planning can save you money on taxes and protect your assets. When you work with our financial planners, we educate you about your options so you can make the best decision for your financial future.

Frequently Asked Questions

If you want to improve your financial situation or reach your goals, you need a financial plan. The right financial plan protects your family and your assets and puts you on the path to success, whether that means early retirement, fully funded college tuition plans for your kids; or a cruise around the world.

Financial planning is more than just saving for retirement. In fact, your financial plan can include optimizing your investment portfolio inside your retirement account, reducing your tax burden, protecting your assets with insurance; and feeling confident about your financial future. If you don’t have a financial plan, you probably haven’t realized your full financial potential.

Creating and following a financial plan helps you look toward your future with confidence. You’ll have the peace of mind knowing your family and your assets are protected with insurance while you focus on building wealth for yourself and future generations.

Yes, absolutely. Financial planning includes being strategic about the decisions you make regarding your finances. Our financial planners weigh the tax implications of every investment decision, which will help you reduce your tax burden.

Learn More About Our Partners

Client Centered

Remember, estate planning isn’t just about protecting your finances and deciding how you want to distribute your assets and to whom. A complete estate plan also includes your healthcare documents, which allow you to appoint a medical power of attorney and leave explicit wishes regarding your end-of-life care. This would give your family a predetermined plan to follow in the case of a medical emergency, instead of having to make those important decisions on their own.

Who is RightCapital

Who is RightCapital

RightCapital is a software designed to make financial planning easy. VyStar Investment Services has partnered with RightCapital to help set you on the path to financial success.

Through this partnership we can provide you with easy access to:

  • A clear picture of your current financial situation
  • Personalized recommendations based on your unique circumstances
  • The ability to track your progress over time