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How I Plan
Six areas of planning, built from the ground up.
In my intro meetings, I walk through the same framework with every client. It covers six areas of your financial life, starting with the foundation, because every other decision rests on it.
- Financial Position
- Risk Management
- Wealth Accumulation
- Tax Planning
- Retirement Planning
- Estate Planning
Financial Position
- Cash reserve strategies
- Debt management
- Cash flow management
- Net worth
- Discretionary income
- Expected inflow/outflow
Protection Planning
- Disability options
- Long-term care: timing, premium, coverage
- Life insurance
- Beneficiary designations
- Alternate/additional coverage strategies
Investment Planning
- Asset allocation
- Education planning
- Risk tolerance
- Diversification strategies
- Lump sum accumulation, time frames and dollar cost averaging
Tax Planning*
- Tax reduction
- Tax deferral
- Tax avoidance
- Tax diversification
- Qualified investments
- Non-qualified investments
Retirement Planning
- Pre-59½ strategies
- 401(k)s
- IRAs
- Social Security
- Income streams
- Retirement date and retirement income projections
Estate Planning*
- Asset ownership
- Trusts
- Wills
- Special needs dependents
- Minor children
- Estate liquidity
*Neither MassMutual, MML Investors Services nor any of their employees or agents are authorized to give legal or tax advice. Consult your own personal attorney or tax counsel for advice on specific legal and tax matters.
See how these apply to your situation.
Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial planning fee.