FINANCIAL LIFE
PLANNING
Financial Life Planning connects life and money, the qualitative, and the quantitative, and provides a framework which brings clarity to financial decisions. With the Financial Life Planning process, we help clients articulate their wishes and dreams and chart a path to achieving those goals while minimizing risks.
Each client’s framework is unique and incorporates their goals, dreams, and risks as well as their money personalities, values, and legacy wishes. While every plan is unique, the planning framework always covers five broad categories of risk.
THE ARMOR PROCESS
CURRENT AND FUTURE INCOME PROTECTION
Current and Future Income Protection includes retirement cash flow projections and Social Security claiming strategies for some clients and college planning and executive benefit analysis for others.
DEBT MANAGEMENT
Debt Management covers the analysis of current liabilities and the risks of different debt structures.
INVESTMENT MANAGEMENT
While Investment Management is often the most visible way that we help clients, it is always part of the broader Financial Life Planning. Investment Management does not stand alone, but builds on top of Financial Planning and Estate Planning.
ASSET PROTECTION
At Armor, we do not sell insurance so we evaluate insurance needs with no conflicts of interest. As part of the Asset Protection analysis, we evaluate asset titling to identify risks and perform survivor needs analyses to determine life insurance needs. Incapacity planning which includes planning for Long Term Care and CCRC (Continuing Care Retirement Community) analysis also is part of the Asset Protection risk area.
ESTATE PLANNING
The Estate Planning component of Financial Life Planning is one that many people would rather avoid but it is critically important. We help clients define their legacy and charitable desires and work with their attorneys to implement their wishes in a way that reduces taxes and avoids probate.
