Financial goal setting is the first step to creating your core financial plan. Your financial plan will be comprised of actions and solutions to pursue your SMART (Specific, Measurable, Attainable, Relevant, and Timebound) financial goals.
Creating financial statements organizes your current financial situation and provides the basis to evaluate strategies and modeling. Financial statements include a detailed balance sheet and an income statement. The detailed balance sheet includes all of your assets and liabilities and when completed, creates a Net Worth Report. Benchmarking and updating your net worth is used to develop and model strategies and create progress reports. Your income statement details all sources of income and expenses. Your financial statements provide analysis and budgeting. Income statements should be reviewed and fine-tuned regularly.
Your foundation plan is your base financial plan created with your goals and financial statements. It models your current investment allocation, savings, asset growth, and any shortfalls. Your foundation plan exposes the strengths and weaknesses of your current plan and provides a base to evaluate potential strategies. Foundation plans are adjusted as time goes on to accurately reflect your current situation.
Financial strategy modeling involves adjusting your foundation plan and determining if the adjustments are improvements. This process starts with modeling a series of what-ifs. What-if’s include risk modeling, investment changes, savings changes, sales or purchases of assets, inflation changes, and any potential change specific to your situation. Maintaining an up-to-date foundation financial plan allows financial strategy modeling to occur almost on demand and enables making good financial decisions.
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WealthPlan 360 is our dynamic, integrated approach to wealth management built on four essential pillars: Foundation, Strategy, Safeguard, and Optimize. We begin by establishing a solid financial base and crafting tailored strategies across key areas like investment, retirement, estate, tax, and business planning. Through continuous updates and proactive risk management, we ensure your financial legacy remains secure and positioned for growth.
Investment advice offered through Integrated Partners, doing business as RetirementDNA. Please note the other companies referenced on this website are separate entities from RetirementDNA and Integrated Partners and are not authorized to provide, and do not provide investment advisory services.
© RetirementDNA 2025
Investment advice offered through Integrated Partners, doing business as RetirementDNA. Please note the other companies referenced on this website are separate entities from RetirementDNA and Integrated Partners and are not authorized to provide, and do not provide investment advisory services.
© RetirementDNA 2025
