Phase I: “Base Camp” – Growth & Accumulation Phase
Individuals and families in the initial phase of life are dealing with a variety of unfamiliar financial concerns. Thus the reason you must establish a good “base camp” from which to travel through life. Clients in Phase I typically deal with specific matters such as:
- Creating a financial strategy that outlines the specific financial goals you are looking to accomplish
- Learning to live within your means and saving moderately to aggressively
- Establishing an emergency fund containing 3 to 6 months of lifestyle needs
- Properly leveraging employer benefits
- Pre-qualifying for your first home purchase and structuring that purchase appropriately
- Capitalizing on low to moderate income tax brackets by designing a multi-year tax reduction strategy
- Properly protecting your family with an appropriate insurance coverage platform
- Designing and implementing an estate plan (wills) for a young family