Certified Financial Planner in Middle Tennessee

Financial Planning

One of our core beliefs is that financial planning is key to most client relationships. Gaining a thorough understanding of your needs, wants, wishes, and dreams helps us to apply a disciplined process to develop a plan that is designed to grow and change with your needs and the economic environment.

We ask all planning clients to complete a budget that accounts for all spending during the course of a year. This data allows us to help you understand how you use your money. It helps you become better stewards of your personal capital and often more prolific savers and investors. Additionally, it helps makes you better prepared to deal with any short or long term economic crises that might arise.

To the extent our planning uncovers needs to utilize insurance to manage and transfer risk, Mr. Tasik is licensed to sell life, disability and long term care insurance.

Our Approach to Planning

We combine leading technology with old fashioned listening skills to help our clients understand what it takes to achieve their financial goals. We do our best to avoid technical jargon and firmly believe that your questions, no matter what they are, are the most important issues we can address.

For many planning clients, we use RightCapital. A powerful, easy-to-understand planning tool that helps turn your financial goals into a clear, actionable roadmap. It lets us model “what if” scenarios in real time, like retirement timing, Social Security strategies, tax-smart withdrawals, college funding, or major purchases, so you can see how today’s decisions may impact tomorrow’s outcomes. With interactive visuals and ongoing updates, RightCapital helps keep your plan organized, measurable, and adaptable, giving you more clarity, confidence, and control as life changes.

Click to get started on YOUR retirement plan today!

What Topics do Typical Financial Plans Cover?

There are various areas of your financial life that can benefit from planning. In addition to providing comprehensive financial plans that will review budgeting, retirement, education funding, estate plans, insurance and risk management and social security optimization we can also provide modular planning that focuses on any one of these areas.

A plan may include analysis from any of the following areas that apply to your specific situation, goals and needs.

Understanding your Feeling About Investment Risk
Cash Flow & Budgeting
Retirement Accumulation and Distribution Strategies
Estate Planning
Asset Allocation Analysis
Education Planning
Risk Management and Insurance Analysis (Life, Disability, Long Term Care)

Why Work With a CERTIFIED FINANCIAL PLANNER™ professional?

The Certified Financial Planner Board of Standards website that explains the value and importance of working with a CERTIFIED FINANCIAL PLANNER™ professional. Please click here to visit their site.

Client Centered - Team Focused

Think about your big wins in life...how many were a solo effort? Most come from the work of a team work in sync to achieve goals and objectives. Retirement is no different.

You and your family should be surrounded by advisors you like and trust with a CFP as your quarterback becaue that's what we are trained to do.

Your wheel may not long exatcly the same, you won't need a Medicare specialst untl you turn 64 but you may have a business attorney, an insurance broker, a mortgage broker. Some come in and out when needed but they all impact your plan and they all need to be talking to each other.

The Financial Planning Process

Planning is guided by the CERTIFIED FINANCIAL PLANNER™ Code of Ethics and Standards of Conduct. While not all of these steps apply to all plans, they present a general overview of how the process will work.

Your First Meeting

At our first meeting, we'll usually discuss the financial planning process, what you would like to accomplish and how, as your CFP® professional, I can help you. We will discuss the services I'll provide you, give you information about my background, detail how you will pay for products and services, how I will be compensated, and disclose any conflicts of interest.

Understanding Your Situation

Once we agree to the scope of the financial planning engagement, I'll begin to gather information about your current finances and overall personal circumstances. You might discuss issues such as your risk tolerance and your exposure to longevity, economic, liability and health-care risks. This is the time for your financial planner to get to know all about you.

Setting Your Goals

Now that we have a shared understanding of your situation, it’s time to set your goals. It’s important for us to be on the same page and talk through any assumptions or estimates. You’ll be able to share what’s most important to you.

Analyzing Your Current Situation and exploring alternatives

We will analyze the strengths and vulnerabilities of your current financial situation and look at possible courses of action. Depending upon your personal circumstances, this includes your cash flow, asset protection, retirement planning, emergency fund and other financial data. The goal is to let you know if you are on track or if you need to make some adjustments.

Developing Recommendations

The next step is for me to develop recommendations to help you meet your goals. This usually involves financial modeling with reasonable assumptions for life expectancy, tax rates and investment returns. It is my responsibility to develop recommendations that are designed to maximize the potential for you to reach your goals. This isn’t just finances: it’s your life, your health, and even planning for future generations.

Presenting Recommendations

The presentation, like the entire process is collaborative. I actively want and need you to provide feedback, ask questions and discuss adjustments to the plan, as we work together to finalize the steps you will take toward reaching your goals. It’s important for you to know the reasons for the recommendations, what assumptions and estimates in your plan, and when you will need to take action to implement your plan.

Putting the Plan into Action

If your planning agreement includes implementation, then we will develop tasks lists and an accountability schedule. For the areas that I am handling, I will identify potential actions, products and services, and then make recommendations. Together, we will review these recommendations before we implement them.

Monitoring and Updating

Financial planning is a collaborative process. If your planning agreement includes monitoring, then together we will review the performance and progress of the plan over time. I will review and discuss the plan progress with you. Concurrently, you need to let me know about changes in your personal circumstances (such as a change in employment or family status) that may call for adjustments to your plan so I can provide ongoing support, guidance, and education.