1st YEAR PROCESSES
1 st YEAR PROCESSES
Completion of the items on this list can be done in as little as 60 days, or over the course of a year or two. We schedule this in advance to proceed at YOUR desired pace. Our goal in the first year is to have you gain clarity, and implement a focused financial strategy to achieve your goals at your desired time.
The Strategic Inheritance Plan™-Russ Kyncl, CLU, ChFC, and Specialist Attorneys and CPA's as needed. "Begin with the end in mind." Stephen Covey
- Wills and Trusts
- The IRA/401-k Inheritance Plan and coordination with wills and trusts
- Coordination of Life Insurance ownership and beneficiary designations with Wills and Trusts
- Philanthropic Planning
- Preparation of Heirs: Assess need and create plan to educate, prepare and/or protect
Property, Casualty, Liability Insurance Review-Outside Specialist
- Automobile
- Uninsured Motorist
- Medical
- Liability
- Home
- Replacement Value?
- Liability
- Deductibles
- Flood
- Liability Umbrella
- Most people don't have it.
Parachute Planning-Russ "If you need a parachute, you can't go out and buy one."
This is the planning that involves insurance products you have to be healthy to buy.
- Long Term Disability and Disability Income Insurance--Russ
- Life Insurance--Russ
- Long Term Care Insurance-Team Specialist
Investment Planning-Russ and Team Specialists
- Financial Roadmap™
- Investment Performance Review
- Risk (Fear) Assessment
- Simplification and Control
Debt Reduction and Cash Accumulation
- The 90 Day Checkup™
- Consolidation and restructuring of debt-Outside Specialist
- Debt Reduction/Elimination Plan
Long Term Financial Goals
- "Retirement", Financial Independence
- College Savings
- Other major lifetime goals that require money
Other Goals/Agenda: Business Succession, Exit Planning, etc.
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Priority |
Who's Needed |
Target Date |
Completed |
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Strategic Inheritance Plan |
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Prop/Casualty/Liability |
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Parachute Planning |
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Investment Planning |
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Debt Reduction & Cash Accumulation |
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"Retirement and Financial Independence |
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Other Goals: |
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