EFC Wealth Retirement Strategies
EFC Wealth Retirement Strategies involves a systematic approach starting with the alignment of your emotional and financial goals, which we help identify during our thorough Meeting of the Minds Discovery Meeting. While tailored investment management is a possible strategy tool used to provide income throughout the retirement years. Understanding the emotion involved in investing or retiring from a company after 30 years will play a significant role in your decisions.
Our hands on approach to Wealth Management include initial and ongoing strategic planning and the assessment of risk level while identifying products and strategies that can generate income for retirement.
Design and Implement Your Sound Fiscal House
Like any great building, we start with a solid foundation and an efficient, well-crafted blueprint. Having a solid wealth management plan streamlines and provides structure to your financial decision-making process. Your plan defines the pathway through which we will work with you to help you pursue financial goals. This plan is created in the true sense of partnership, us with the experience to help guide your investment decisions and you with the emotional input to help co-create a strategy that helps you instill confidence in your retirement plan. Our planning process uses the metaphor of create a Sound Fiscal House that will weather any storm. Our planning process consists of five steps.
- Stage One: Meeting the Architect
- Stage Two: Revealing the Cracks
- Stage Three: Funding Construction
- Stage Four: Designing Your House
- Stage Five: Move In Day
Meeting the Architect
In the EFC Wealth discovery process, we first develop a big-picture understanding of you, your resources, and objectives. Then, dig deeper to uncover your money values. These are the guiding principles at the core of how you make decisions to spend, to save, and to invest.
Revealing The Cracks
EFC Wealth Management Firm carefully reviews your current financial situation, by analyzing appropriate documents that you have brought to us for review. Our team will need to see your current Investment Statement, Insurance Policies, Mortgage statement, Tax Returns, 401K and pension numbers where applicable. We will then design a comprehensive detail analysis outlining any areas of opportunity we have found in your current financial or retirement plan. We will then discuss our recommendation on how we feel we can help with your plan if there is a need for our service.
During this visit, we will discuss all appropriate products and strategies to help you achieve your desired outcome for retirement. We utilize the Fiscal House Approach, which allows us to diversify your investment portfolio based on our risk-based asset allocation methodology. We take into consideration factors such as your requirements for income, the required rate of return as determined in your financial plan, your risk tolerance and risk capacity, asset allocation mix and any other financial and personal considerations.
Designing Your House
During this visit, we will take everything we’ve learned thus far while establishing your blueprint and use these to begin designing your house. With the core beliefs that were identified in Visit 1 and the cracks that were revealed in Visit 2, we are better able to guide your journey for long-term financial confidence by integrating your financial decisions with your financial resources as we prepare your Sound Fiscal House.
Move In Day
After finally establishing your Sound Fiscal House strategy and implementing all the tools need to help you achieve your desired goals. It’s time to set back and relax and allow us to monitor and adjust your investment as needed, so you can start to enjoy your retirement.
We are aware that as life changes, money changes; also as money changes, life changes. As part of our wealth management process, we speak with or meet with you regularly to understand any changes in your life that might affect your financial health or modify your original goals. Sometimes that means planning to help a new grandchild, an aging parent, or even just deciding whether the money is there to take the whole family on an extended vacation. When it comes to your financial well-being, we work with you to stay abreast of the ups and downs of your financial position, your personal life and your portfolio, and make suggestions for adjustments through periodic updates and quarterly reviews. Welcome to the family.