Financial Planning Services
Personal Financial Planning
A "one-size-fits-all" approach does not work when it comes to personal finances. Each person's financial journey is unique, shaped by individual goals, responsibilities, and circumstances. That is why a tailored financial plan is essential—it aligns your financial decisions with your life aspirations while preparing you for the unexpected.
At Mehta Financial Group, LLC, we do not just analyze your finances—we understand your vision for the future. We work closely with you to develop a personalized plan that evolves with your needs and life changes.
Here is what a customized financial plan can do for you:
- Retirement Planning: Whether you are accumulating wealth for retirement or already retired, we assess your current financial position to ensure you have the resources to sustain your lifestyle. We also guide you in managing lump-sum distributions from retirement accounts while considering tax implications.
- Risk Management and Insurance Analysis: We help you evaluate your insurance needs to safeguard your family's financial security. By analyzing life insurance options, we ensure that your loved ones and estate are protected in the face of unforeseen circumstances.
- Education Funding: Planning for a child's or grandchild's education can be overwhelming. We create strategies to help you save effectively, balancing current financial priorities while preparing for the rising cost of education.
- Estate Planning and Wealth Transfer: Your legacy matters. We develop strategies to efficiently transfer your wealth to heirs and other beneficiaries, minimizing tax liabilities and ensuring your wishes are honored.
- Investment Planning: We review your existing investment portfolio and recommend adjustments to align with your financial goals, time horizon, and risk tolerance. Our approach aims to create a diversified portfolio designed for sustainable growth.
A personalized financial plan helps you navigate life's uncertainties with confidence. It not only addresses your current needs but also prepares you for the future, ensuring your financial well-being and helping you achieve your most important goals.
Partner with Mehta Financial Group, LLC to build a financial plan that adapts to your life.
Let's make your financial future as unique as you are.
Financial Planning Process
A new client relationship usually begins by developing a comprehensive financial plan.
It provides the basis for making informed financial decisions that best address the unique situations of the client.
There are six steps that establish a base line for financial well being for years to come:
1. Assessment: Evaluating your current financial situation, including assets, liabilities, income, and expenses.
2. Setting Your Priorities: Together, we identify your financial priorities, whether they include funding education, planning for retirement, or making strategic investments.
3. Strategy Development: Creating a personalized plan that balances risk and growth opportunities.
4. Identifying Resources: We evaluate the resources needed to achieve your goals and design a systematic program to support your future objectives.
5. Recommending Solutions: We tailor solutions by recommending suitable financial investments aligned with your needs.
6. Monitoring and Adapting: We continuously monitor your plan and make adjustments as needed to adapt to changes in your life or market conditions.
How Much Do You Need?
When it comes to investing, there are plenty of good reasons to start with a plan, still many neglect to take action. Why the lack of follow-through? For some, it may be the lack of specific knowledge, confusion about where to begin, or the perception that a substantial amount of money is needed in order to invest. With all of life’s little emergencies, putting money aside to meet future goals may present quite a challenge.
Consider these facts from the Employee Benefits Security Administration:
• Fewer than half of Americans have calculated how much they need to save for retirement.
• The average American will spend 20 years in retirement.
• Based on current savings habits, only two percent of the population will achieve financial independence by the time they reach age 65.
Most of us have experienced saving up for some big-ticket item that we really wanted or needed. Saving for retirement may require the same discipline, as it will likely be the most costly expenditure of your lifetime.
