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Financial Planning
Retirement
Insurance
Cash Flow
Investment Planning
Taxes
Financial Planning
Financial goals
will vary from person to person and
will change over the course of an
individual's lifetime. However, examples
of specific financial goals might
include accumulating assets (investing);
protecting physical property and assets from loss
or financial assets against financial losses arising from premature
death, illness or injury, and liability
(insurance); minimizing income taxes, and maximizing distributions
to beneficiaries upon death (tax,
retirement, and estate planning).
Analyzing various goals in combination
with each another can help individuals
better plan how and when to engage
in today's activities. These activities could involve the best way to
borrow money; use credit cards; invest
for college, retirement and other
goals; reduce income taxes; reduce
liability exposure; or buy an automobile
or a house.
At Pace Financial
Services, we specialize in comprehensive,
personal, financial planning - that
is, analyzing a client's entire financial
situation. We use the financial planning
process to help determine the best
ways to meet your goals. In the process, we provide a personalized
assessment of needs to create comprehensive
plans or area-specific projects.
For clients' with
mutliple goals in different financial
planning areas, we will design a plan
that looks at all these areas, including
budgeting and savings, taxes, investments,
insurance, and retirement planning.
Alternatively, we may work with clients
on a single financial issue but within
the context of his or her overall
financial situation. It is this big
picture approach to financial
planning that makes us different from
many other financial service companies.
Some of the specific
financial planning areas we work with
clients on include:
The steps we take
in the Financial Planning Process
to achieve client objectives include:
- Define client
goals and objectives: short-term
(less than 1 year); mid-term (1-5
years); and long-term (5+ years).
Goals should be defined as specifically
as possible and should be ranked
according to priority.
- Analyze the client's current
personal and financial situation
- Analyze available choices and
constraints
- Develop methods and procedures
to help achieve those goals
- Recommend strategies to meet
obtainable goals, emphasizing those
with the highest priorities
- Periodically review and/or revise
the plan depending on client's personal
and/or financial circumstances.
David Alan Pace, CFP, CFA, EA, Pace Financial Services
This document is for information purposes only. No part of this report may
be reproduced in any manner without the permission of Pace Financial
Services. The views and opinions expressed in this report are not intended
to serve as specific investment or financial planning advice or recommendations, and
individuals should discuss their specific financial goals and available
options with a professional advisor.
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