At Staib Financial Planning, LLC we utilize proven processes to guide our clients through all stages of the Financial Planning and Investment Management lifecycle. Our processes were developed based upon industry accepted practices and have been refined over the years to optimize their effectiveness and efficiency. While the specific processes used may deviate slightly based on your specific needs, the following details the foundation of our core processes.
|Step 1: Identify, Establish and Prioritize Goals
Financial Planning is about achieving your hopes and dreams: a comfortable retirement, paying for your children’s education, buying a home, providing for loved ones, becoming debt free, and so on. During this step of the process we will discuss what it is you want to accomplish in life and how your finances might play a role. Because specific goals are usually tied to a certain point in the future, this step will also help establish your time horizons for achieving your goals.Step 2: Gather Personal and Financial Data
During this step of the process we gather all of the pertinent information to assess your current situation. Your present circumstances will have a significant impact on the plan that’s best for you. Examples of information which may need to be gathered includes your bank and brokerage statements, insurance policies, estate documents, and maybe even your most recent tax returns.
Step 3: Analyze and Evaluate Financial Data
Step 4: Create a Plan
Step 5: Implement the Plan
Step 6: Review and Monitor the plan