We have found that many of our clients have the same kinds of questions on their minds. We hope this FAQ section will answer some of your financial planning questions too.
Please tell me about the Financial Planning Process
How do you create this blueprint?
Sounds like a lot of work
Who can benefit most from your financial planning services?
What is a fee-only financial planner and why should that be important to me?
I understand the benefits of working with a fee-only financial planner, but I might need to obtain financial products. How will I be able to do that?
Does Guidepost Financial Planning provide only comprehensive financial planning?
My spouse and I are just beginning to build for our financial future. There is so much to learn! We need help and guidance to get started. Will you accept us as clients?
I have already accumulated substantial assets and think I am doing quite well. But as I progress and build for the future, things seem to be getting more complicated. I want to be sure I am on track, but I don't always have the time or inclination to manage the myriad details by myself. Can you help me?
What types of securities do you provide advice for?
- How should I invest within my 401(k) or 403(b) plan?
- How can I reduce my taxes?
- What advice can you offer on refinancing my home?
- How can I maximize my Flex Spending Account, Cafeteria Plan or Section 125 Plan at work?
If I use Guidepost Financial Planning to develop a financial plan, am I obligated to purchase the recommended products??
Tell me about your investment philosophy.
- The purpose of a client’s investment portfolio is to fund current and/or future financial objectives.
- The design of the portfolio must take into account the client’s financial objectives, tolerance for risk, needs for current income or liquidity and special considerations such as income and estate taxes.
- The important thing to remember is that no one can predict the future. It is the difference of opinion that makes a market. Investment and economic “experts,” provided with the same information, often come to different conclusions. We do not suggest that we, or that any of the money or mutual fund managers that we recommend, will make the correct decision every time. We do believe, however, that studying the historic trends and relationships of investment classes and the philosophies and approaches of successful investment managers can provide valuable insight.
- The appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing and investment portfolio.
- We believe that by having a diversified, well-balanced portfolio and that by patiently following long-term, buy-and-hold strategies, you will increase the likelihood of achieving your long-term financial objectives.
How do you select investments for a client?
How do you price your financial planning services?
How much will my financial plan cost?
Are your fees tax deductible?
Once my financial plan is completed, will our relationship end?
Because financial planning is a process, not an event, we offer ongoing services, periodic reviews and day-to-day consultation as requested and/or needed.