FINANCIAL PLANNING

Building and protecting your family's wealth starts with expert guidance.

Financial planning is the process of tying your goals and values to the financial decisions that you make. It can be a simple goal like “I want to save for a vacation to Australia” or it can be something more complex like “How can I retire by age 55?” 

You probably have a general idea of where you are headed, where you would like to be, and what obstacles stand in your way. You may be unsure of the best path to take, how to get there in the most efficient way, and what steps should be prioritized. That’s where we come in. We fill in the gaps and apply our expertise to help make the most of your financial resources. 

Clients receive access to our online financial planning software. 
Watch this 1-minute video to see how it works!

Here’s a few hypothetical examples to help you understand what we do…

Ready to Retire!

George and Marla have worked for the past forty years. They are entering their 60s and it’s time to retire, but first they need help making a few key decisions. 

  • Can they afford to retire?
  • How much can they withdraw from their 401(k)s and IRAs each year if they plan to live another 20+ years?
  • Should they withdraw from their Traditional or Roth IRAs first?
  • When should they claim their Social Security and pension benefits?
  • What should they do with the excess cash they have accumulated over the years?
  • Will their taxes increase if they spend part of the year living in another state?
  • Is their fifteen year-old estate plan still current or do they need an update?

Help! Things are Getting Complicated…

Cynthia and John are entering their mid-30s. Their careers are taking off, they just opened a part-time bed and breakfast, their third child is on the way, and their finances are becoming more and more complex. They are successful, but they want to avoid making the mistakes so many others have made. Here’s a few ways we can help:

  • Creating a budget to help manage their cash flow and decide how much should be withheld for taxes, how much should go to retirement savings, and how much they can afford to spend each month on living expenses.
  • Taking the burden of managing their investments off their plate so they can focus on their careers and family 
  • Planning to protect their growing wealth by calculating appropriate insurance coverage amounts and ensuring that their coverage is sufficient 
  •  Planning for their children’s college savings

Always on the Go

Natalie is always on the go. She’s in her 40s and recently earned an award for being the top real estate agent at her brokerage. As a busy entrepreneur and a single mom, it’s hard for her to find much time to plan for her quarterly tax payments, pay her bills, and learn about self-employed retirement plans. Simply put, her time is better spent selling houses and raising her kids. She needs an ongoing relationship with a financial planner to manage her day-to-day finances by:

  • Coordinating with her accountant and bookkeeper to calculate and budget for her state and federal tax liabilities
  • Choosing a retirement savings plan that is flexible since she has variable income
  • Establishing and growing a large emergency fund in case real estate cools down
  • Simplifying her finances by consolidating her debts and creating a system of reminders for her recurring financial responsibilities 

Are you looking for a CERTIFIED FINANCIAL PLANNER™ to work with in Idaho’s Treasure Valley?
Learn more about Ron Strobel, CFP® here.

Want to work with us?

(208) 249-9255

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© 2018 Retire Sensibly LLC. All Rights Reserved.
Privacy Policy & Disclaimer | ADV Disclosures