You've been earning and saving to reach your financial goals, how do you know you're on the right track? Our years of experience and training will help put all your financial pieces together.
Before we even consider a financial plan, we meet with our new clients and discuss their unique situations. We know that financial planning can be an extremely stressful endeavor, and we are here to support our clients no matter where they are in their lives and careers.
Financial planning involves looking at a client's entire financial picture and advising them on how to achieve their short- and long-term financial goals. This can include:
Investment management is the professional management of financial assets such as stocks and bonds to help individual investors reach their financial goals. Intermountain Wealth Management has discretionary authority with respect to client accounts, and will make investment adjustments as market conditions change.
The goal of the IRS is to take as much of your money that is legally possible. Your goal is to pay the least amount of money that is legally possible. We minimize the capital gain taxes in our clients' accounts through close monitoring. We look at potential gaps in your current tax strategy to save you more in taxes and use that extra money to put towards your goals.
"Get your estate in order" is a common phrase you hear, but what does it actually mean? When you die, everything you own ends up going somewhere or to someone. The first goal is to make advanced plans, that assures your legacy is passed on exactly the way you wanted it to happen. The second goal is to minimize the tax burden to the recipients of your estate. This process is emotional but is essential to your financial plan. We help paint a clear picture of where you are and identifying areas that need attention.
As your financial life changes, it is easy to become over or under insured. Being over insured means having higher than needed premiums and being under insured results in over exposure to risk. We continually monitor client's insurance to make sure they are properly insured.
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You want someone who is there to serve you, and you only. This means you want an advisor is considered independent meaning they don’t work for another bigger firm that is calling all the shots. You want and advisor who is Fee-only, this means the only income they receive is from their clients. The old adage "don’t bite the hand who feeds you" applies to advisors. Are you the hand that feeds them or this manager? Fee-only creates the highest level of commitment from advisor to client. You want an advisor who is a true fiduciary, someone who puts your interest first. Hiring a fiduciary to serve as your advisor will help you sleep well knowing he/she is on your side 100%.
To create a financial plan, you should start by assessing your current financial situation, including your income, expenses, assets, and liabilities. Then, you should identify your financial goals and determine the steps you need to take to achieve them. This may involve creating a budget, setting up a savings plan, investing in a diversified portfolio, and managing your debt. You may also want to work with a financial planner to help you create a comprehensive plan that takes into account your unique needs and circumstances.
You should review your financial plan regularly, at least once a year, to ensure that it remains relevant and effective. You may need to adjust your plan as your circumstances change, such as when you experience a change in income, have a major life event, or experience a shift in the economic climate.
Financial planning is important because it can help you achieve your financial goals, such as saving for retirement, paying off debt, or buying a house. It can also help you manage financial risks and make informed decisions about investments, taxes, and insurance. By having a financial plan, you can have greater control over your financial future and make better use of your resources.
The first step is to decide what your financial goals are, from there we will create a custom financial plan that will meet your financial goals.
We at Intermountain Wealth Management strive to provide exemplary financial services for clients from all walks of life. Here are two reasons why this is important:
We help individuals put all the pieces of the puzzle together to make one clear financial picture.
With over 30 years of experience and a strong community network, we can help with almost any pain point or issue our clients may have. Instead of spending endless hours of work and stress on your own, let us help create a plan that is easy for you.