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Financial Planning

Life Planning

No matter what phase of life you are in, we have a plan that’s right for you.

Prepare Now for the Road Ahead

Your Life in Phases

A recent study has shown that our life can be broken down into 8,000 day increments (22 years). Each 8,000 day increment represents different phases of our life.

Source: 8,000 Days, MIT Age Lab, 2017 in conjunction with Hartford Funds.

LEARNING

0-22 Years

  • Buying First Car
  • Preparing for College
  • Paying for College
  • Setting a Foundation for the Future
GROWING

22-44 Years

  • Buying a Home
  • Getting Married
  • Having a Child
  • Starting a Career
  • Job Change
  • Starting a Business
  • Saving for Retirement
  • Mini Retirements
MATURING

44-66 Years

  • Changing Careers
  • Maximizing Your Earning Potential
  • Kids Graduating & Heading to College
  • Buying a Second Home
  • Traveling
  • Maintaining Your Health
EXPLORING

66-90+ Years

  • Do I Keep Working (Full/Part Time), Retire?
  • Deciding Where to Live
  • Help Support Family (i.e., Children, Grandchildren)
  • Access to Health Care
  • Maintaining Social Connections

Strada Life Plan

The Strada Life Plan aims to Simplify Your Life

We believe it’s not just about a retirement plan, it’s about a Life Plan. The Strada Life Plan takes into consideration all of life’s phases including sabbaticals, buying a home, job change starting a business, etc.

There are two options that we offer:

  • Option 1 - The standard Strada Life Plan
  • Option 2 - The standard Strada Life Plan plus Estate Planning in conjuction with an independently licensed legal professional.

Option 1

Strada Life Plan

We have highlighted below a few of the topics we cover as part of the Strada Life Plan.  Keep in mind each plan is tailored to your specific needs and stage in life, so this is not an all-inclusive list.

1. LEARNING PHASE
2. GROWING PHASE
3. MATURING PHASE
4. EXPLORING PHASE
learning phase:
  • The value of starting to save early in life.
  • Track how you spend your money
  • How to avoid / minimize studen loan?
growing phase
  • What should I do with my 401(k) when I change jobs?
  • How much should I be saving now if I want to take a year off of work to travel? How will that impact my future retirement goals?
  • How much should I spend on a home? What impact will that have on my ability to save for the future?
  • Where should I be putting my savings? How much should I be saving now?
  • Should I be saving for my child's education expenses?
  • How much will it cost to raise a child?
maturing phase:
  • Who should manage my money?
  • Can I afford to purchase a second home and still retire comfortably?
  • Is my portfolio (mix of stocks, bonds, real estate) optimized to reduce the amount of taxes I pay and maximize my overall return on investment?
  • Defining what you plan to do in retirement, then aligning your Life Plan to help you obtain those goals.
exploring phase:
  • Am I ready to retire? Do I want to stop working?
  • Do I have enough money to last me through retirement?
  • When should I start collecting social security?
  • What should I do if I want to leave an inheritance for my family?
1. LEARNING PHASE
learning phase:
  • The value of starting to save early in life.
  • Track how you spend your money
  • How to avoid / minimize studen loan?
2. GROWING PHASE
growing phase
  • What should I do with my 401(k) when I change jobs?
  • How much should I be saving now if I want to take a year off of work to travel? How will that impact my future retirement goals?
  • How much should I spend on a home? What impact will that have on my ability to save for the future?
  • Where should I be putting my savings? How much should I be saving now?
  • Should I be saving for my child's education expenses?
  • How much will it cost to raise a child?
3. MATURING PHASE
maturing phase:
  • Who should manage my money?
  • Can I afford to purchase a second home and still retire comfortably?
  • Is my portfolio (mix of stocks, bonds, real estate) optimized to reduce the amount of taxes I pay and maximize my overall return on investment?
  • Defining what you plan to do in retirement, then aligning your Life Plan to help you obtain those goals.
4. EXPLORING PHASE
exploring phase:
  • Am I ready to retire? Do I want to stop working?
  • Do I have enough money to last me through retirement?
  • When should I start collecting social security?
  • What should I do if I want to leave an inheritance for my family?

Option 2

Strada Life Plan + estate planning

We have established strategic partnerships with legal professionals, to ensure your Life Plan remains in place even after you pass away.

We simplify the estate planning process by partning with legal professionals to ensure your Strada Life Plan is factored into your Will and/or Trust. 

The Standard Estate Planning package includes:

  • Will - The primary reasons to establish a will are, a) direct who will take care of your minor children or disabled adult children, b) designate how your estate will be distributed, and c) make gifts & donations.
  • Trust - The primary reasons to establish a Trust are, a) avoid probate, b) reduce estate taxes, and c) provide long term financial structure and stability for children/beneficiaries or surving spouse.
  • Power of Attorney - A legal document that gives authority to act in your behalf in specefied or all legal or financial matters.
  • Advance Healthcare Directive - A legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.
Estate Planning Family

Our Services

Benefiting the Lives of Those We Serve

Investment Management

A partner to oversee your money while you enjoy life.

Real Estate Investments

Benefit of ownership without all the hassle.

Tax Advising

Minimizing the impact of taxes across all areas of your life.

Consulting

Strategic advice within reach with your own personal CFO.

How can we help?


or give us a call at 503.667.5355

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