Financial Planning

Financial Planning

What is Comprehensive Financial Planning?

Financial planning is an ongoing process to help you make sensible decisions about money that can help you work towards achieving your goals in life. It's not just about buying products like life insurance, an IRA, or stocks.

Marci Bair, CFP® is a fee-based CERTIFIED FINANCIAL PLANNER™ Professional, she and her team who adheres to the fiduciary and ethical standard of the CFP Board. This means we work for you and not an investment or insurance company.

We are concerned about your whole financial well-being not just selling a product. We will help you analyze what you own, help you figure out why you own it and how it works with your financial goals.

Just like with an iceberg in the ocean there is a lot below the surface you don’t see. The same is true with Financial Planning. As the image shows, there are a lot of major issues that impact your financial life that can only be addressed with a comprehensive Financial Plan.

Review our process below on how we work with our clients.

Our Process

As CERTIFIED FINANCIAL PLANNER™ Professionals, our process begins with getting to know you really well. We want to understand what makes you tick, and what is most important to you personally and financially.

We will create a safe and comfortable environment for you, so you can share not only your financial goals, but also topics that you may be concerned with or scared about. We believe your personal goals and passions are equally as important as your financial ones. Once we know your concerns and objectives, we can help create a custom financial plan to help you work towards accomplishing them.

Through our refined Bair Financial Planning 7 Step process we are able to help you identify your personal and financial goals. We will help you organize and prioritize your goals, then create a game plan to help you work towards accomplishing them. We will meet regularly throughout the years, and support you as your personal and professional life changes. We will set up your personal financial website to help you get organized and stay organized. 

Your Guide to Financial Planning

There’s nothing more important for your financial future than creating a plan that allows you to pursue your goals. Fortunately, there’s no need to find all the answers alone. Our team offers financial planning services to help you better understand which actions you need to take to reach your objectives for the future. Our financial planning services are fee-based. 

Why Financial Planning Matters

Having a financial plan allows you to prioritize the things that matter most to you. We customize every financial plan to ensure it works for your situation and your goals. Maybe your priority is to pay off debt while protecting your family and your income with insurance. Maybe you’re ready to start a college savings plan for your child while preparing for an early retirement.

It’s our job to make sure you don’t leave out anything important when we prepare your financial plan by going over all the options with you. Your financial plan can help you work towards your retirement and investment goals, but it also includes insurance, tax, and estate planning. Think of your financial plan as your roadmap and our financial advisors as your guide to helping you reach your financial goals.

Examples of Financial Planning

Financial planning looks different for everyone. Our LGBTQ financial planners always prioritize the things that are most important to you when we create a comprehensive financial plan. Here are some examples of what financial planning might include:

  • Create or optimize your retirement plan
  • Write up an estate plan
  • Review your insurance policies
  • Analyze your investment portfolios
  • Create a tax reduction strategy
  • Start a college savings plan

Your financial plan can include anything you’d like. If you want to save up for a boat, invest for cash flow to travel the world, or build a legacy to pass to the next generation, we’re here to help you create a plan that allows you to pursue those goals.

Benefits of Working with a Certified Financial Planner

A CFP, short for Certified Financial Planner, can be instrumental in reaching your financial goals. With financial planning, there are a lot of moving parts and variables to consider. For example, you have dozens of investment plans to choose from and many more types of investment products inside of these plans. Our Certified Financial Planners can help you understand which options work for your situation and your goals.

We’ll also think about the tax implications of your investment decisions. Our LGBTQ financial advisors also consider your current financial situation and your personal objectives before we make any recommendations. Your financial plan should be built around your needs and help you prepare for a better financial future. 

View this quick video to see how we will set up a Personal Financial Website for you to view all of your assets in on place and track your goals and view your spending.

Step 1 - Understand Client's Personal & Financial Circumstances
We will review your personal and financial goals and talk about what’s important to you and understand your personal situation.

Step 2 - Identifying & Selecting Goals
We will confirm that we have your short-term & long-term goals identified. In this step we set up your Personal Financial Planning website and start gathering and reviewing your financial documents.

Step 3 - Analysis - Data Integrity & Strategy Session
In this step we will confirm the data we have is correct. We will confirm your goals and prioritize them in order of importance to you. Review your current course of action and potential alternative courses of action.

Step 4 - Developing the Financial Plan
Our team will create your Financial Plan based on your personal situation and produce what we believe to be the best recommendations for you. We will develop an Action List for you to help you works towards your financial independence.

Step 5 - Presentation
At this stage we will present your custom Financial Plan to you and answer all of your questions. We will make sure you understand how to use and update your Personal Financial Planning website.

Step 6 - Implementation of Recommendations
We will review your Action List of our recommendations. We will help you start checking items off your Action List that you need to complete in order to seek to improve your financial independence and manage your goals.

Step 7 - Monitor Progress & Updates
This is a critical step to ensure you are staying on track and updating your Financial Plan on a regular basis as life changes and adjust your Financial Plan as needed.

FAQs about Financial Planning

How Can I Find an LGBTQ+-Friendly Certified Financial Planner?
The LGBTQ+ community faces unique struggles which include their finances. Our financial planners support our LGBTQ+ clients in every way we can, from helping you select investments that support the causes that matter to you to creating a financial plan that helps you pursue your unique goals.

What Should You Consider When Looking for a Financial Planner?
There are several factors to consider when looking for a financial planner. You want someone who has knowledge and experience with creating financial plans just like the one you’re looking for. The longer the planner has been in business, the better, because it usually means they have happy clients. You may also want to read their about us section on their website to ensure you find a gay friendly planner who will work with you.

What Are the Steps of Financial Planning?
The financial planning process begins with a thorough assessment of your current situation. To help you create a plan for your financial future, we need to understand where you are today and where you want to be. Together, we’ll go over every aspect of your finances to make sure you’re on track to reach your goals while your most important assets are protected.

It’s Time to Take Charge of Your Financial Future

Your financial future is waiting for you. You only have to take the first step and meet with our financial planners. We’ll help you with every step of the way, from planning your future to pursuing your goals. Call us today to schedule an appointment.

Ready to Get Started?

Schedule your Initial Meeting Here