Personal CFO

“If you fail to plan, you are planning to fail.” - Benjamin Franklin

Is my advisor providing "Late Stage" college planning strategies to help minimize the cost of college?

Should I establish trusts as part of my estate plan?

Should I collect Social Security at age 62 or wait until age 70?

Am I optimizing my tax situation?

Is "buying and holding" the best way to grow and preserve my wealth?

Will you have enough to retire?

These are just some of the questions that you need to answer in order to proactively protect your financial future. However, most of us are too busy managing a business, raising a family or just assuming that our current advisor is taking care of everything.  Crucial decisions must be made now about paying for college and saving for retirement in order to lead a life of confidence and financial well being. 

Tushingham Wealth Strategies will help you make smart decisions about your money.  Our "Personal CFO" service will help you integrate college and retirement planning into one strategy.  We will guide you in determining your best strategy to save and pay for college so you can protect your assets and income for retirement.  As you near or transition to retirement we will help with Social Security claiming strategies, choosing the appropriate Medicare coverage, determining if you have enough money to retire and protecting your retirement income.    
 

Planning Process

1. Discovery  
2. Get Organized
3. Presentation
4. Implementation
5. Monitoring
6. Repeat

In order to keep your plan on track, we believe in ongoing communication, education, and collaboration.  We will develop a custom communication schedule in order to capture any life changes and provide any necessary planning updates.  Your "Personal Wealth Portal" will serve as an easy way to track and manage your accounts and important documents in one convenient and secure location. 

We will continually stay on top of changes to the tax code, Social Security, mortgage rates and other financial barometers to determine where you might be at risk or how you might benefit.  We will also collaborate with other professionals such as your CPA, estate attorney and property and casualty agent to ensure optimal coordination on plan decisions.  The ultimate goal of Tushingham Wealth Strategies is to serve as your "Personal CFO" and fiduciary so you can live your ideal life worry-free.   

How are we compensated?

Our ongoing "Personal CFO" Service will be included with our "Asset Management" services.  We can also provide our "Personal CFO" service on a fixed fee basis if we are not managing your assets.  Fixed fees will be determined on a case by case basis with the fee based on the complexity of the situation and the needs of the client.  The fixed fee will be agreed upon before the start of any work and can range between $450.00, for limited services like college planning and social security planning, and $5,000.00 for more encompassing services.   

If you are looking to develop a strategy to pay for college, an income sustainability plan or for a single go-to fiduciary advisor to oversee every moving part of your financial life then please contact us for a free consultation.  

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Learn how Tushingham Wealth Strategies can add value by creating a personalized plan of action.