Possibility resides in the details.  The more details, the more possibility.  In financial planning this is especially true. In many cases, the smallest detail can make the biggest difference. For example, one day is the difference between a short-term gain versus long-term capital gain. Yet, the taxability of short versus long-term gains can be vastly different.

Every client engagement begins by looking closely at the details. Through this work we can uncover opportunities, identify potential problems, and gain a deeper understanding of the factors that help make a financial plan successful. Additionally, paying attention to the details can help you understand a situation more fully and make more informed decisions.

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Portfolio Review Detail

You will receive a written portfolio report detailing your key portfolio characteristics along with observations that may be used in current year planning. Areas of key characteristics include:
 

• % in stocks (equities), % in bonds (fixed income) – together referred to as allocation

• Global allocation – how much exposure to the available markets you have

• Risk return considerations

• Liquidity analysis

• Expense ratio analysis

• Tax diversity – how much is in tax deferred vs tax free vs after tax type accounts

• Asset location considerations

• Concentrated position analysis
   

Income Tax Planning

You will receive a written tax report detailing your key figures along with observations that may be used in current year planning. Areas of key figures include:

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   • 2023 Tax Rate Schedule

• Standard Deductions vs Itemized Deductions

• Child Tax Credit

• Tax Rate on Long-Term Capital Gains and Qualified Dividends

• Net Investment Income Brackets

• Exemption Amounts for Alternative Minimum Tax

• Gift and Estate Exclusion and Credits

• Education Credits, Deductions and Distributions

• Tax Deadlines

• Retirement Plan Contribution Limits

• Individual Retirement Accounts

• Health Savings Accounts

• Deductibility of Long-Term Care Premiums on Qualified Policies

• Medicare Deductibles

• Social Security

• Medicare Premiums

• Uniform Lifetime Table
   

Retirement Readiness

You will receive a written retirement readiness report detailing your key figures along with observations that may be used for long-term planning considerations, including:
 

• Current net worth

• Annual income-tax planning

• Shortfall analysis or additional spending capacity

• Long-term tax planning

• Social Security claiming strategies

• Roth Conversion possibilities

• Gifting strategies

• Legacy considerations
   

How does it work?

Once you have uploaded the required documents you will select the date and time for your TestDrive appointment.  The day before the scheduled TestDrive we will send you a secure link to download your personalized report including our planning observations.  During the TestDrive we discuss our observations and answer your questions. At the end of our meeting, we will send you your report. TestDrive is a great tool for those who are financially secure and are considering professional financial management; and also those who are just beginning the financial planning process.

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Features:

• Secure and 100% confidential.

• Personalized report with planning considerations

• Deeper understanding of your financial standing

• Concise 45-minute meeting with a veteran professional financial planner.

• One time high-value consultation fee for as little as $295.00

• No additional commitments.

• No subscription or retainer required.
   

Benefits:

• Clarity about your current financial situation. You will know where you stand.

• Beginning of a comprehensive financial plan.

• Real world knowledge that you can act on immediately.

• Experience what it’s like to work with our experienced CFP®

• No future obligations. You choose your next steps with LTWM.
   

To schedule your TestDrive simply click the “TestDrive” button below and answer a few questions.  We look forward to exceeding your expectations for financial guidance and lifetime service!

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