Families

WHO WE HELP: FAMILIES

Working closely with families, we make every effort to understand your values and your goals for your life and your money. We use sophisticated financial modeling software called Financial Profiles. It is helpful in organizing and forecasting a plan for you, but it does not compare to knowing you, which is our role.

Our approach is to understand your values and your goals for you and your family. Our focus is ensuring your money works for your life as best it can. We call it our holistic approach to planning. It involves a very intuitive analysis of your life vision and subsequent life and financial goals. These ensuing strategies become your financial plan for you and your family. But, the planning process is a continuous and ever evolving process, so we’re here for the long-term, committed to helping you succeed. If there’s one thing you can be certain of, it’s that change will occur, and we’ll be here to help you.

Families - Northbeam Fiancial, Dallas, TX

Here are some important questions to ask yourself; questions that our process addresses.

What are my options on structuring a retirement program for myself? How are the various options treated from a tax standpoint? How much can I contribute to the retirement plan I choose?
Can a supplemental retirement program be put in place in addition to the plan I have at work? How can this be a tool for minimizing federal income taxes?
When will I be able to retire?
How can I minimize taxes and maximize cash flow? Can I grow my money tax free?
Will my family be able to maintain a comparable lifestyle if I should die prematurely? Become disabled? Require long-term care assistance? Have a chronic health problem?
How can I hedge my investment risk through a broad asset allocation strategy? What is the proper mix of investment types taking into account my unique attitudes toward risk and volatility?
What options are available to me for growing money for my child’s college education? How much will it cost when my child is ready to go to college? How much do I need to be saving now? How can this college education growth program be structured to avoid federal income taxes?
How do I protect my assets from potential judgments in a lawsuit or from creditors?
How do I pass on the most assets possible to my heirs? What do I need to be doing now to make sure this happens?
What are my options if I wish to roll out a corporately sponsored retirement program such as a 401k upon the termination of my employment? Can this rollout occur while I am still employed?