9 Essentials of Financial Planning

9 Essentials

1. Financial Education

Learn the rules of money and how to securely grow it within your financial plan. Understand the pitfalls and challenges that you will face and how to make good financial decisions throughout your life.

2. Life Insurance

Protect your loved ones from financial burden and stress in the unfortunate event that you pass away. This is a key element of any good financial plan.

3. Legacy Planning

Leave a legacy for your beneficiaries by starting a plan now that will provide income for the rest of your life, and set them up for success for the rest of their lives as well.

4. Tax-Free Income

A financial plan should eliminate as many risks and uncertainties as possible. By paying your taxes now, you will have tax-free income in retirement, eliminating the risk of what tax rates might be in the future.

5. No Restrictions

This means you can contribute as much as you want, whenever you want, and have access to it without penalty, at any age. Put your money to work without the restrictions of traditional retirement savings methods, like the 401k and IRA.

6. Lowest Expenses

Innovation and evolution in financial planning have created low cost systems. Decreasing fees over 30-50 years of a financial plan will result in up to 75% less costs than a 401(k) or IRA.

7. Maximum Security

Never lose money. With the protection of the 0% floor guarantee, you have maximum security on your principal. Sleep well at night without the fear of market losses affecting your money.

8. Best Rates of Return

Earn above market rates of return throughout your entire life, not just in your early years with the protection of the 0% floor and the power of leverage. Break away from the "invisible handcuffs" of the Risk Pyramid!

9. Maximum Income

Income is king. Overcome the income killer, the 4% rule, but combining all these elements of a perfect financial plan, yielding the maximum amount of income for you in retirement.