Life Cycle Financial Planning

Life cycle financial planning refers to the process of identifying and managing the financial needs and challenges that arise at different stages of life. As clients go through the various stages and life changes, their responsibilities, needs, and financial capabilities are likely to shift, so it is important to understand the needs of each phase to best serve clients. Below is a list of the 5 stages of the financial planning lifecycle, with examples of key financial planning needs at each stage.

Retirement: A Modern Spin for the Next Generation

Student loan debt, stagnant wages, historically high inflation and home prices, the demise of pension plans, and the uncertain future of the Social Security system make many young Americans question if they will ever be able to retire at all. In addition, social and cultural norms are in a constant state of evolution, disrupting many previously successful approaches to financial planning. As a result, customized accumulation planning for retirement may be more important than ever, despite factors that may be outside of our control.