COMPASS FINANCIAL PLANNING

CONNECT

Address:

Main Office
600 108th Avenue Northeast, Suite 320 
Bellevue, WA

Seattle Office
701 5th Avenue
Columbia Center, Suite 1100
Seattle, WA

Phone:

(425) 945-1468 / (425) 945-1499

Fax/Other:

(425) 454-6318

Six Areas of Financial Planning

 

Financial Position

  • Current Position
  • Personal Financial Statements: Cash Flow & Net Worth
  • Cash Flow Strategies
  • Cash reserve assessment
  • Debt management
  • Discretionary income
  • Ramifications of Large Inflows / Outflows
  • Emergency Funds: Cash and lines of credit

Protection Planning

  • Balance between Employer-Sponsored (Group) and individual coverages
  • Risk Assessment and Planning: Retain, Avoid, Transfer
  • Disability Insurance
  • Long-Term Care
  • Life Insurance
  • Medical/Health
  • Property & Casualty
  • Considerations for deductibles
  • Policy loans
  • Beneficiary designations
  • Special needs situations

Investment Planning

  • Risk Tolerance Assessment
  • Time Horizon
  • Asset allocation
  • Diversification Strategies: Investment Type, Risk Profile, Time, Tax Status, Fees
  • Education Planning
  • Options/Restricted Stock/Non-Qualified Deferred Compensation
  • Tax implications
  • Cost basis
  • Time frames
  • Dollar-Cost Averaging

Tax Reduction Strategies*

  • Strategies for: Reduction, Deferral, Future changes
  • Filing Status
  • Withholding
  • Investments: Qualified & Non-Qualified
  • Effects of liquidation
  • Exit Strategies
  • Business Owners: Balancing business and personal tax considerations
  • Business Succession Planning
  • Business ownership transition: Buy-Sell, Addressing Risks, Estate issues
  • Non- traditional ownership

Retirement Planning

  • Transitions: Income Streams, Health Care, Risk Tolerance, Timing, Sources
  • Efficiently utilizing sources for required vs discretionary expenditures
  • Required Minimum Distributions (RMDs)
  • Pre-59 ½ strategies
  • 401Ks
  • IRAS
  • Medicare/ Medigap
  • Social Security
  • Roth Conversions

Estate Planning*

  • Federal and State estate considerations: transfers and taxation
  • Liquidity
  • Legacy planning: charitable bequests, gifting, generation skipping transfer tax
  • Inheritance
  • Trusts
  • Wills
  • Health Care: Living Wills, Advanced Care Directives
  • IRD
  • Succession planning
  • Special needs
  • Minor children

 

*Seek guidance of your professional tax and/or legal advisor before making any decisions.

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck