Financial Planning

Financial planning is a key part of achieving financial well-being. We recognize that financial well-being is different for each family. So, Golden Trail Advisers' first step in creating an effective financial plan is an in-depth conversation about your future goals and desires.

Some individuals would like to plan for a comfortable retirement. This involves savings targets and investment strategies. Other clients want to put their children or grandchildren through college. This involves selecting the right investing vehicles and determining the amount to save. Other clients say they want to travel or simply "never have to work again."

If you have more than enough resources to live comfortably, your focus may shift to gifting money to charities or children in a tax efficient manner. Golden Trail facilitates thoughtful handling of such estate planning strategies. Whatever goals you uncover through the financial planning process, Golden Trail Advisers helps you achieve them. We have helped many families set specific goals and develop workable plans for achieving those goals. We can assist you in the planning and in the next phase of investing intelligently within your risk tolerance.

Golden Trail Advisers recognizes that plans should be designed with enough flexibility to change and grow with you. That is why we meet regularly with clients to review plans and to adjust to changing circumstances on "your path to financial well-being."

Financial Planning

Best Practices When Approaching Financial Planning

  • Set measurable goals.
  • Understand the effect your financial decisions have on other financial issues.
  • Re-evaluate your financial plan periodically.
  • Start now - don't assume financial planning is for when you get older.
  • Start with what you've got - don't assume financial planning is only for the wealthy.
  • Take charge - you are in control of the financial planning engagement.
  • Look at the big picture - financial planning is more than just retirement planning or tax planning.
  • Don't confuse financial planning with investing.
  • Don't expect unrealistic returns on investments.
  • Don't wait until a money crisis to begin financial planning.

Source: CFP Website