Personal Financial Planning 

Financial planning has various definitions depending on whom to speak with. For some, it is a comprehensive strategy that combines an individual’s or family’s finances in areas such as insurance, retirement, education funding, investment and tax minimization.  

What is Financial Planning ? Financial Planning is allocating your limited financial resources among unlimited alternatives. Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. Reaching your financial goals happens through precise and diligent planning, not by chance. As a client Stratela, your holistic personal financial plan will include ongoing reviews of the following:

Personal Financial Planning Topics Include:

  • Cash Flow Management. Are my saving/spending in alignment with my goals? Creation of a budget and providing accountability spending according to plan.
  • Risk Management. How can I reduce my exposure to risk?  Assisting you in protecting your assets by determining the amount of protection needed in the event of illness, injury, disability or death.
  • Retirement Planning. Should I be invest in a IRA or a Roth IRA? Our services will ensure independent at retirement by setting objectives for 401Ks, Roth, IRAs and other strategies.
  • Education Planning. What is the best way to save for college? Our services help navigate through such programs such as 529 Plans, the education IRA, and the Hope Scholarship
  • Estate Planning. What do I need to know about wills, trusts, and probate?  Estate Planning enables you to manage your affairs during your lifetime and control the distribution of asset after death. 
  • Investment Planning. How can I increase returns while reducing risk? Investing can be as simple as a savings account and as evolve as a managed a diversified portfolio including stocks, bonds and real estate. 

“The ability to tolerate your financial situation creates the inability to change it” 

You can’t change your financial situation if you’ve grown to accept it. The problem is that most people, have “grown comfortable in an uncomfortable situation”. The longer you remain in a bad financial situation, there is a risk to becoming subconsciously conditioned to that state. 

Online Financial Planning        Financial Packages & Pricing     Personal Financial Classes

If you have questions about these or other services, please contact Stratela for more information or to schedule a consultation. We will provide an initial conversation and consultation at no charge, other than travel expenses if needed.