Services
What we do
Financial Planning
Financial Planning creates an ongoing process that will reduce your stress about money, support your current needs and build a nest egg for retirement. Here are the 6 steps to financial planning:
Identify your goals: Think broadly about life goals and what you need financially to achieve them.
Collect your financial information. What’s your net worth – that is the value of your cash, investments and other assets versus your debts. How much cash is coming in and going out.
Compare and contrast your goals with the financial information you have gathered.
Develop short, medium and long term plans. Creating and following a budget is a common immediate action, whereas picking a retirement date would be part of a long term plan.
Get your plan going. Set realistic goals and track your progress on a monthly basis.
Monitor and modify your plan as life is ever changing. Financial planning is not a static process, you will need to make adjustments along the way. Life events: marriage, divorce, changes in employment, childbirth, death, disability, etc., can have a significant impact on your plan.
Investment Management
We provide immense value to our clients by managing their investments.
- Our clients do not have to worry about their investments, that is our job. Fee-based planning aligns the investor’s goals with those of the advisor: If the investor’s assets grow, advisor compensation increases; if assets decline, the advisor’s revenue declines.
- We use professional money money managers whose methodology is backed by decades of research and expertise.
- When developing a client’s investment strategy, we take a holistic approach. We consider our client’s goals, risk tolerance, current finances, and the current economic outlook.
- We do not try to time the market…that is a dangerous game to play. A person has better odds gambling in Las Vegas versus timing the stock market. A change in our client’s life situation, not their emotions, is a factor in making an adjustment to our client’s investment allocation.
Ancillary Services
Estate planning is the process of arranging, during a person’s lifetime, for the management of a person’s estate after their death.
- Estate Planning is for everyone
- Too many people do not plan for the inevitable
- If you do not have a plan, your state has one for you. But you probably will not like it
- An estate plan begins with a will or living trust, but does not end with them
- Making a plan for your estate will help you organize your records, correct titles, beneficiary designations, and powers of attorney
- Estate planning does not have to be expensive
- The best time to plan your estate is now
- The best benefit is peace of mind you provided your family after your death
We can lead you in the right direction to ensure that you get your estate planning done
Life Insurance is the foundation of a comprehensive financial plan. Raising a family, paying bills, taking vacations, funding college and planning for retirement does not stop when you pass away. Life insurance can not bring you back to life, but it can help bring your income back to life.
Long Term Care Insurance is one of the most misunderstood, controversial, and feared topics to address. If ignored, you may lose your life savings or become a burden on your loved ones. Let us look at our options and figure out if transferring the long term care risk to an insurance company makes sense.
Medicare consists of 4 parts – A, B, C & D:
- A: Hospital Insurance
- B: Supplemental medical insurance
- C: Medicare Advantage Plans
- D: Prescription drug coverage
Most federal employees are not aware that they only need to concern themselves with Part A & B. With a combination of Medicare Part A, B and FEHB (Federal Employee Health Benefits), a federal employee will have minimal out of pocket expenses. There are even a couple of FEHB plans that will reimburse some of the costs associated with Medicare Part B premiums.
When should I take Social Security??? That is the million dollar question!!! There are several factors that should be taken into account in determining the optimal time to start your benefits. Life expectancy, goals, marital status, the amount in savings and investments, the state of the financial markets, etc. should all be taken into consideration when determining the best time to take social security.
Acting In Your Best Interest
Interested In our Services? Schedule an Appointment with us Today!
Who We serve
Federal Employees Welcome!
We also guide federal employees through the confusing concepts that are apart of their benefits. Our company, Pinnacle Benefit Consultants, LLC, offers workshops to help federal employees with their finances. Pinnacle Benefit Consultants, LLC is a private company based in Boise, Idaho that specializes in conducting federal benefit workshops to all federal agencies in the country.