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The first step to achieving financial success is practicing financial fitness. Through our financial planning work, we help clients understand their financial needs, resources and goals, and encourage them to adopt sound practices, such as utilizing only reasonable amounts of debt and keeping income and expenses in proper proportion.
For many new clients, gaining an understanding of their cash flows is a critical objective. Clients need to understand their spending, how to keep it at a reasonable level and how their need for cash will be satisfied. We review income from employment, from private assets such as real estate and from their publicly-traded investment assets. This understanding is critical because the need for cash plays a large role in designing an investment portfolio. We also know that anxiety about the availability of cash exacerbates the challenges of managing emotional responses when financial markets are volatile.
Other key planning factors that influence portfolio construction include income tax mitigation strategies and, in specific instances, charitable and estate planning objectives.
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Financial Fitness is the Foundation |
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Reasonable Expectations - the Current Crisis |
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Enduring Principles |
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| © Copyright 2010 - Frederic T. Kutscher Associates, Inc. All Rights Reserved. |
Disclaimer |
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