Young Family
By taking Jim and Pam through the Ridgevale Financial Planning Process, we would be able to determine what’s important to them and start crafting a plan around their values. Then, in a series of quarterly meetings, we would address and handle customized recommendations and opportunities in their plan. As a result, Jim would be able to maximize his corporate benefits and put a plan in place for his restricted stock. At the same time, Pam could establish a 401(k) for her practice to benefit herself and her employees.
Their children are 4 and 6. Jim and Pam believe firmly in earning a college degree, so 529 college savings accounts could be established and funded within their current budget. Protecting their family is of utmost importance. They can begin working with an estate planning attorney to create an estate plan and review their insurance coverage.
This is a hypothetical example of what it could be like working with Ridgevale Financial Planning.
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Business Owner
Ridgevale’s Financial Planning Process could have helped Sample and Example gain clarity on their current situation through quarterly meetings. We would have created a customized plan by asking questions and intently listening to what aligned with their values. The company has had strong growth for several years and has become highly profitable; therefore, Ridgevale would have established a 401(k) and Cash Balance Plan to maximize tax-deferred retirement savings.
A qualified business valuation expert would have engaged to determine the company’s actual value and develop a transition plan for Sample’s son. The plan would allow them to realize the value of the company they built while making it affordable for their son. We could also implement a gifting plan to provide economic value to the children not involved in the business.
This is a hypothetical example of what it could be like working with Ridgevale Financial Planning.
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Financially Independent
The Ridgevale Financial Planning Process could have helped Phyllis and Bob articulate their vision of a successful retirement and develop a customized retirement plan. After analyzing their data, we would be able to determine if their nest egg was sufficient to achieve their goals in various scenarios, including retirement. Then, we would implement a retirement income portfolio based on the plan results to minimize risk while providing confidence that they will not outlive their assets.
This is a hypothetical example of what it could be like working with Ridgevale Financial Planning.
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