Holistic Financial Planning
Holistic financial planning is designed to help you create a plan that covers the individual parts of your financial life while ensuring that they all work together.
Holistic financial plan can include:
- Investment strategy, including investments made through taxable brokerage accounts
- Retirement planning through a 401(k), Individual
- Retirement Account or tax-advantaged account
- Social Security and Medicare benefits planning
- Discussions around annuities to create a reliable income
- Long-term care planning, including the use of long-term care insurance
- End-of-life planning, including the need for advance healthcare directives or power of attorney
- College planning
- Insurance planning, including life insurance and disability insurance
- Estate planning
- Tax preparation and planning
- Budgeting
- Saving for short- and long-term financial goals and needs
- Business and succession planning
- Charitable giving
- Major life changes, such as a divorce, job loss or birth of a child
A holistic plan can cover any and all of these topics, depending on the specifics of your financial situation. The emphasis is on shaping a plan that takes into account what you want to achieve financially, what you value or prioritize most and what options you might have in terms of workable solutions. Holistic advisors try not to leave any stone unturned so that you can have complete confidence in your financial plan.