Financial Planning

Financial planning is the process of setting goals, developing strategies to accomplish those goals, implementing the strategies and monitoring the progress. SKDO and our affiliate, Solutions for Wealth Management, LLC., strive to help our clients build and maintain their personalized financial plans and goals.
The development of a financial plan can be all-inclusive or tailored to a specific objective. The typical areas normally planned are:

Tax Planning:  Tax planning can be a year round process to help evaluate the tax effect of financial transactions and to make adjustments before the close of the tax year.  Yearend tax planning also strategizes the timing of income and deductions to take full advantage of tax laws and pending revisions. 

Retirement Planning: Retirement planning encompasses the analysis of existing retirement plans and current financial assets in conjunction with anticipated living standards.  A strategy is then developed to accomplish financial independence at retirement.

Education Funding:  Education funding analyzes your desire to provide advanced education for dependents. It involves developing strategies to accumulate sufficient financial assets with the coordination of financial aid.

Insurance Analysis:  Insurance planning involves determining the adequacy of insurance to cover the risks that you cannot afford to take with your current financial assets. This includes analysis of life, disability, health, personal, business and long-term care insurance.

Estate Planning: Estate planning is the process of developing strategies to provide for your loved ones after your death. The process includes the analysis of legal documents, ownership of assets and analysis of tax transfer costs.

Other services include Investment Planning and Analysis, Risk Management Analysis, and Business Succession Planning.

For additional information on financial planning, please visit:
Solutions for Wealth Management, LLC.