If you want to take charge of your financial future, our financial planners are ready to help you. We use an education-focused planning process with an emphasis on financial literacy. This means we don’t just tell you what to do. Instead, we teach you what you need to know to make the best financial decisions for yourself and your family.
Financial planning for individuals must be built around your personal and financial goals, considering your current financial situation. But our financial advisors also consider your core values before we create a personalized strategy to improve your personal savings and overall finances.
When we help you with financial planning near Richmond, VA, we work on building wealth through a process, not a product. This means we use a holistic approach for your unique situation. We’ll build a dynamic financial plan for you as an individual or for your family. If you need financial planning for businesses, we can assist with that, too.
Here are the most common elements of a personal financial plan:
We completely customize our approach to financial planning for your situation and your needs. We are here to help you focus on your objectives, building wealth at your pace.
Retirement planning is an important part of your financial goal setting. We’re here to help you with wealth management in your accumulation phase, where we’ll follow regulatory trends to maximize the value of your investments. Our team of financial advisors will also create strategies to optimize your sources of income during retirement.
Insurance must be a part of your overall financial plan to protect yourself, your family, and your assets. For example, you need life insurance to protect your loved ones from financial hardship. But life insurance can also be used as an investment product, allowing you to withdraw money during retirement or include it in your estate plan.
Disability and long-term care insurance protect your income-earning abilities. A short- or long-term disability can wipe out your savings and make it difficult to provide for your family at a time when you need additional care. Long-term care insurance allows you to age with dignity, ensuring your needs are met, without jeopardizing your retirement or depleting your savings.
This answer is unique to your situation. How much money you need to save for your future depends on the income streams you’ll have, how soon you want to retire, and what your living expenses are. Most sources recommend saving 10 to 15% of your salary for retirement, but you may need more or less. We can help you come up with an answer that works for you.
This answer depends on what your living expenses will be and whether you plan to retire early or work longer. We can help you estimate your income streams during retirement to help you plan for your financial future. We can also help you determine when you can retire to maximize your benefits.
Insurance is necessary to protect the wealth you’ve built. Without disability insurance, even a short-term disability can deplete your savings and set you back on your journey to build wealth. Life insurance protects your loved ones from financial hardship. And long-term care insurance allows you to get the care you need without worrying about how to pay for it.
Asset allocation is about spreading out your investments with different types of assets, including stocks, bonds, and commodities. The right allocation will consider your timeline and risk tolerance, too. Diversification is the opposite of putting all your eggs in one basket. To minimize risk, you don’t want to invest a large percentage of your assets in one type of company or industry.
It’s time to create your personalized financial plan that includes every aspect of your finances, from investment management to insurance planning. At Juno Financial Group, we use a comprehensive approach to help you reach your financial objectives. Call us today to talk about your financial planning needs.
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