Comprehensive
Our process revolves around you, your values, and relevant life topics. We believe we should fully understand your needs, wants, and aspirations the same way you would want a doctor thoroughly diagnosing your symptoms prior to recommending surgery or providing a prescription.
Topics Include
- STATEMENT OF FINANCIAL PURPOSE REFLECTING YOUR VALUES AND GOALS
- CASH FLOW PLANNING
- INVESTMENT PLANNING
- TAX PLANNING
- RETIREMENT PLANNING
- EDUCATION PLANNING
- STUDENT LOAN REPAYMENT
- RISK ASSESSMENT AND MANAGEMENT
- INSURANCE NEEDS (LIFE,DISABILITY,LONG-TERM CARE, HOMEOWNERS, AUTO, UMBRELLA)
- SOCIAL SECURITY PLANNING
- ESTATE PLANNING
- CHARITABLE GIVING
- EQUITY COMPENSATION
- MAJOR FINANCIAL DECISIONS – HOME OR RENTAL REAL ESTATE PURCHASE; CAR PURCHASE
We Listen
Our complimentary discovery meeting helps us understand your values and goals. This will be centered on any immediate concerns that led you to schedule a meeting. We’ll work together to draft your statement of financial purpose as well as outline some initial goals.
We Plan
Over the next several meetings we’ll work together to gather the necessary data that will be the basis for your plan. Together we’ll continue to refine and prioritize your goals that we’ve identified. Once the data is gathered and priorities established, Next Mission Financial Planning will crunch the numbers and develop our recommendations. We’ll then meet again to discuss, adjust as necessary, and put together the near-term tasks that need to be accomplished.
You Succeed
Once the initial plan and tasks are set, we’ll partner with you to implement the actions. These actions may require your action, our action, or both of us together.
As we work together our standing battle rhythm will consist of meetings every 6 months to review, update and discuss your progress and any life changes that would alter your plan. Between meetings we’ll continue to monitor your progress, provide great educational opportunities, and be an available sounding board for financial decisions.
Comprehensive Financial Planning Fees
Investment Management Services
Holistic Investment Management
Our process revolves around you, your values, and relevant life topics. We believe we should fully understand your needs, wants, and aspirations the same way you would want a doctor thoroughly diagnosing your symptoms prior to recommending surgery or providing a prescription.
We believe the basis for any investment management is a solid financial plan. Once your plan is established, we base your portfolio on understanding of when your invested funds might be needed for life goals or large purchases as well as your risk tolerance and any accounts we won’t be managing (TSP, 401K, 403B, etc).
Portfolios should be Individualized based on your situation and risk tolerance. We use a behavioral assessment tool called DataPoints to determine your comfort with risk and then use that to structure your portfolio.
Finally, we believe the best way to provide holistic investment management is to adjust your managed portfolio across all of your investment accounts. Our advice will consider and may recommend changes to your 401K, 403B, or TSP accounts for tax efficiency or diversification. We find that not taking these into consideration will result in a sub-optimal asset allocation and potentially higher or lower risk profile.
Investment Philosophy
A diversified portfolio provides resilience for unexpected events
Time in the market is more important than timing the market
Minimizing fees and taxes can substantially improve investor returns over the long term
Lower turnover (switching investments) is generally better
We build our portfolios primarily using Exchange Traded Funds (ETFs) as they best align
with our philosophy as the funds we use are low cost, tax advantaged vehicles that can
provide a broad range of diversification.
Holistic Investment Management Deliverables
Investment Policy Statement
Right Capital portal account to view all investment accounts in one place
Investment performance reviews during semi-annual meetings
Advice and answers to investment questions
Investment management Fees*
| Managed Account(s) Value | Annual Fee (% of managed account value) |
|---|---|
| $0 - $500,000 | 1.10% |
| $500,001 - $1,000,000 | 1.00% |
| Above $1,000,000 | 0.90% |
*Does not include account and trading costs assessed by the client’s account custodian.
Schedule a Free Discovery Meeting
College Funding
What You’ll Actually Pay For College
Can Seem Like A Black Box Process
Demystify the costs with our College
Planning Process
Including The Most Effective
Way to Use The GI Bill
(if applicable)
Our College Planning Process
Step 1
Understand What You’ll
Be Expected to Pay
& Build Your Budget
Step 2
Use Our Portal To
Search For Schools
& Scholarships
Step 3
Find The School
That Meets Your Needs
& You Can Afford