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.