Financial Planning

Financial Planning Website Login

We're Your Financial Partner

A financial advisor is your financial planning partner. Let's say you want to RETIRE in 20 years or send your child to a private university in 10 years. To accomplish your goals, you may need a SKILLED PROFESSIONAL with the RIGHT LICENSES to help make these plans a reality; this is where a financial advisor comes in.
Together, you and your advisor will cover everything from how much you should be saving in order to retire at a desired age, or to meet a particular savings goal by a specified date; when to take social security and why (it can be different for everyone); the types of accounts that would allow you and your family or business to benefit from, and take advantage of, the most tax savings; the kinds of insurance you should have (including long-term care, life, disability, etc.); navigating Medicare and planning ahead for potential healthcare needs, and estate and tax planning.
The financial advisor is also an educator. Part of the advisor's task is to help you understand what is involved in meeting your future goals and fill in any potential gaps you may have overlooked. The education process usually includes detailed help with a variety of financial topics. At the beginning of your relationship, those topics may include budgeting and saving. As you advance in your knowledge, the advisor will assist you in understanding complex investment, insurance, and tax matters. It’s as much fun for your financial advisor to see your investment potential grow as it is for you, the client, to experience it!  

Calculating Financial Health

Income
Expenses
Savings
Taxes
Step one in the financial advisory process is understanding your FINANCIAL HEALTH. You can’t properly plan for the future without knowing where you stand today. If we decide to work together on a financial plan, you and your advisor would go through the financial planning process consisting of everything from gathering data about your current financial and personal situations, to developing goals and strategies, and then implementing those strategies and plans to help you reach those goals. The effort that is put into this process is generally what you can expect to get out of it. The information you provide will help your advisor understand your situation and then develop a flexible, living plan moving forward.

Financial Planning Strategies

There are various ways we can help you make the most of your financial situation. Read about some of these below.

When it comes to retirement planning, the uncertainty of your assets lasting throughout your lifetime can be scary. Thankfully through the use of different tools and software, we can do our best to try and be prepared for any situation, and ease some of the worry of outliving your income. Learning about how much we may need to save, and making sure we are prepared for all the expenses that retirement might throw at us is an important step to take to put the “golden” in your golden years!

Social security can be a challenge to navigate. The right time to start taking your social security is definitely not the same for everyone, and knowing how different things like earned income and portfolio income affect your taxes and benefits can get complicated quickly. Whether trying to determine what your breakeven point is, if you should start to collect on your spousal benefits, or any of the other factors that can impact your future, it helps to have someone who is familiar with the system in your corner.

Many people are surprised at how much money you can save with a little income tax planning. We all work hard for our money, so the last thing we want to do is give any more of it to Uncle Sam than necessary. Staying ahead of changes in the law and your tax bill is a great way to help put more money in your pocket. Income tax planning is a big part of the financial planning process here at Hollander Investments & Insurance.

We all want to make sure our little ones have the future they deserve. Starting to save for education as soon as we can will allow for more options down the road. There are tax advantaged accounts such as 529 College Savings plans that can help you reach your goals, but they may not be right for everyone once you factor in other elements such as financial aid. Let us at Hollander Investments & Insurance help you discover which path is best for you and your family.

Dealing with death is hard enough on families. Although planning for the inevitable may not be fun, it can help ease the strain on the loved ones you leave behind. Looking at different items such as titling, and advanced medical directives, are some things you can do to help make a terrible situation a little less terrible.

 

Whether it is a wedding, a vacation home, a first car, or another goal – having a plan can help. Knowing how much to save is a great place to start and can cut down some of the stress involved. Hollander Investments & Insurnace can help you plan ahead for how much you may need and think about things such as allocation and taxes so that when the time comes to fund your goal, there aren’t any surprises.

Hollander Investments & Insurance stresses the importance of budgeting. It is not easy for everyone to create a budget, let alone stick to it. We can help you put a budget in place if you don’t have one, or assist you with improving and organizing your current one. Either way, having an expert get involved in this essential aspect of financial wellness can’t hurt!