Comprehensive Financial Planning

What is Comprehensive Financial Planning? It’s more than investing in the stock market, commodities or even bank CDs. It is a plan created to insure that you are optimizing your resources in a wise and efficient manner. At Foster Financial Group, we take a holistic approach to incorporate personal goals with Investment planning, risk management, estate planning, and beyond. Using experience and technology, Foster Financial Group can help you capitalize on your dreams of becoming financially independent.

The essence of comprehensive financial planning is captured in the Venn diagram below. The three major areas including investment planning, advanced planning and life insurance planning, all come together in a central overlap that is true financial planning.

Investment Planning

Investment portfolio management.
Performance reporting.
Cash flow modeling.
Asset accumulation strategies.
Retirement income planning.
Account aggregation.
Life event funding goals.

Advanced Planning

Estate planning coordination.
Tax planning coordination.
Business and succession planning.
Risk mitigation.

Life Planning

Inter-generational needs-based planning.
Planning for special needs children.
Advice regarding large purchases.
Life re-direction issues.
Creating philanthropic opportunities.

We feel that true comprehensive financial planning incorporates the above ideas and provides the greatest opportunity for financial success. However, we are happy to work with clients who may need our guidance in only one or two defined areas, such as investment management or insurance planning. We are happy to work with you in any capacity to help accomplish your goals.

Accumulating Money for Retirement

Reaching the Retirement Summit with the ARC Process™

Like mountain climbing, retirement planning begins with the goal of reaching the summit. The key to achieving that goal is planning and preparation. Our unique ARC Process (“Achieving Retirement Clarity”) lays out a clear path for accumulating assets for retirement. It explores three important checkpoints:

Cash Flow Management: How your financial resources are earned, spent and saved.
Wealth Accumulation: Assesses your current financial position and identifies the most tax efficient path for reaching your retirement goals and other needs such as education funding.
Income Protection: Identifies solutions to those obstacles that can prevent you from reaching your financial goals – living too long, dying too soon, or becoming disabled.

Watch our video to learn how you can achieve clarity and peace of mind while building your retirement fund.

Managing Wealth in Retirement

Reaching the Summit and Returning Safely with the RISK Process™

While climbing to the top of a mountain is considered to be a major achievement, the real goal of climbing is not simply to reach the top, but to reach the top and return safely. Most people focus on accumulating enough assets for retirement. However, the biggest risks facing retirees occur during the income distribution phase when we retire and begin to live on our retirement savings.

Our unique RISK Process™ (“Retirement Income Survival Kit”) simplifies the complexity of post-retirement planning and guides you through our effective, time tested approach which:

Transitions your retirement savings from traditional asset allocation to income allocation
Determines your sustainable withdrawal rate throughout retirement
Addresses the key risk factors you face in retirement including market conditions, sequence of returns, inflation, liquidity, longevity, taxation, health, and legacy risks