financial planning:

What is Financial Planning and why is it Important?

Most commonly, financial planning refers to the process of examining your current finances, outlining your financial and personal goals and establishing a strategy to achieve those goals. Imagine going on a cross country vacation. You would not pack up the car and start driving without directions, would you? Financial planning serves as the road map or GPS to get you to your desired destination. Like a GPS that will reroute you if you get off course, a financial plan will get you back on track even if you make a wrong turn along the way. We believe strongly that a comprehensive plan is the foundation of financial success. Everyone, not just the wealthy, needs a financial plan because it answers fundamental questions such as:

• How much money do I need to retire the way I want?
• What investment return do I need and how much risk should I take to reach my goals?
• What strategies can I use to reduce my tax liability?
• Would my family be protected if I were to become disabled or pass away prematurely?
• What are the best vehicles available to give money to charity or future generations?

Summit Private Wealth will work with you to identify your goals, recommend solutions to help you reach those goals and implement the agreed upon strategy. It is important to remember that maximizing your investment returns is not necessarily an indicator of financial success, nor is it always necessary. We will help you navigate the relationships between risk tolerance, time horizons, cash flow needs, tax implications, liquidity needs, and charitable giving to construct a financial plan that is as unique as you are. A Summit Private Wealth financial plan is comprehensive in nature and addresses the following areas of focus:

Investment Management
Retirement Planning
Education Planning
Insurance Planning
Charitable Giving Planning
Estate Planning

Once your plan has been established and executed, we will continually monitor it to ensure you are on track to reach your goals, and communicate regularly to keep you informed of any necessary changes

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