At RIG, we believe in making financial planning simple and accessible to everyone. Most of our clients choose our Financial RIGuvenation™ Life Planning program which is an ongoing subscription-based partnership designed to help you save and accumulate wealth faster. We also offer fixed fee services if you prefer one-time services.
We believe that holistic financial planning should be accessible to people of all incomes. That’s why we developed the Financial RIGuvenation Life Planning process. We’ll clarify both your ‘why’ — values, goals, relationships, money mindset — and your ‘what’ — income, expenses, assets, and liabilities. Then, we’ll develop the ‘how’ — through a six-step planning process that will put a successful financial plan into motion to help you achieve your financial goals.
We’ll discuss your opinions on money and what matters to you, what concerns you have, and what you can achieve with your resources.
In this step, we’ll organize your personal and family information in one place to understand what resources you have to work with.
Once we know what you want and review what you need, we’ll evaluate where you are relative to your goals and develop your planning options. Once we know what you want and review what you need, we’ll evaluate where you are relative to your goals and develop your planning options.
If appropriate, we’ll explore ways we fine tune your tax planning, estate planning, insurance planning, social security income, and retirement planning to help further enhance your wealth.
Your action plan is based on your goals and now is the time we implement your plan’s recommendations — debt payoff; student loan repayment; employee benefits choices; what private insurances you should have; systematic savings plans, 401(k), IRA, 529 plans; health savings accounts; and changes or tweaks to your investments.
Your financial situation is monitored to ensure that you know where you are relative to achieving your goals. You’ll have a digital portal that allows you and your advisor to see the details of your financial situation. Scheduled reviews allow us to reassess and update the plan as opportunities and changing lifestyle transitions dictate.
In the first year, we typically have more work to do. Our pricing is based upon the complexity of your situation, with a $1,200 minimum. Some of the factors that affect complexity include marital status, amount of and types of income, retirement income based on income replacement percentages or specified income, number of and types of assets, number of children, health, and financial literacy (i.e., retirement, risk, employee benefits).
Our six-step process is delivered in four or five meetings (graphic shows 5 meeting) that are usually completed in six months. The initial engagement price that your advisor determines will be divided into 4 or 5 payments corresponding to your meeting track. This allows you to control the payment timeline. The first meeting in the process, Visualize, is complimentary.
After the initial engagement is over, most of our clients continue to work with us on an ongoing basis. Invariably there are changes to your life such as getting married, changing jobs, inheriting assets, buying a house, or the birth of a child.
We use a structured approach after the inaugural year where we look at your progress in your savings towards your goals, your tax situation from a tax planning perspective, your investible assets no matter whether or not we manage them.
Often, we discover thousands of dollars that may have been left on the table because of a lack of understanding or time. In these future years, we allow you to pay your fee monthly which will depend upon your circumstance.
Certain elements of financial planning may not require an ongoing relationship or may be supplemental to your ongoing planning relationship with us. We have provided examples of our standard fees for many common one-time services. In some cases, your prices may differ based on the complexity of your situation.
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At RIG, we help you implement values based financial planning which ensures that your financial decisions are aligned with your most important life goals and values. We’re great at finding ways to save you money and help you build wealth faster, but we’re even better at listening.