We know you're busy. You have a million things that occupy your day. So why pay attention to financial matters?
Because working towards financial goals gives you the chance to live your best life.
Without a solid financial foundation and saving habits, you could be toiling away for years in a job you don't enjoy instead of traveling the world or volunteering for meaningful causes.
Life doesn't have to be this way. WorthyNest® provides clarity and direction. We have several touch-points throughout the year to ensure you are getting consistent, reliable advice about the financial topics that matter most to your family. Our tiered service models are structured to meet families throughout each life stage.
Comprehensive financial planning is the heart of what we do for all client families. Financial planning is a process, not a destination. Your CFP® professional, Deborah Meyer, will work with you through the following six-step framework:
- Agree on how to work together
- Gather data about your history, values, and goals
- Analyze and develop an integrated financial plan
- Provide recommendations
- Put the plan into motion
- Monitor progress and make adjustments as needed
The sixth step is critical and forms the basis of an ongoing planning relationship. One certain thing in life is change, and WorthyNest® wants to be with you each step of the way. Expect to meet 4 or 5 times in the first year of our working relationship. Thereafter, we meet 2 to 3 times annually.
The FOUNDATION offering is ideal for young families in the asset accumulation stage. You are seeking quality financial guidance from a trustworthy professional who makes recommendations in your best interest.
2. COLLEGE SAVERS+
Think of the service models as a stair-step. All clients follow the comprehensive financial planning process outlined in the FOUNDATION service model above. For families with additional needs in the college planning space, we go one step further. We collaborate with you to develop a customized college funding plan when your child is in high school. Our in-depth analysis considers your current investment assets, future earnings potential, and child's financial need.
You are within five or ten years of being financially independent, a time when you will no longer rely on salary to fund lifestyle expenses. You want to do everything in your power to maximize retirement savings but do not always understand the tax consequences. Seeing several different "what-if" scenarios will help you select a preferred retirement strategy. You may be working with or have been disappointed in the past by a commission-based broker who sells an expensive investment product yet fails to provide ongoing, comprehensive advice. This financial independence package could be just the thing you need to gain clarity around your post-retirement goals.
As a fee-only Registered Investment Advisory firm, WorthyNest® doesn't earn commissions on products. We are advice-centric and adhere to the fiduciary standard at all times. Our only source of revenue comes directly from clients and is stated in a transparent way.
As the name implies, concierge is the highest level of service. WorthyNest® acts as your personal CFO on complex matters. It's your money, so you still function as the CEO of your financial household. Do you want advice on a charitable giving strategies? We not only provide guidance but also assist with the execution of a particular strategy.
Investment management services are included in this offering. This service model is ideal for families who do not have the time or energy to execute trades and monitor investment accounts. We seek your approval prior to investment implementation. In addition to receiving monthly statements from independent custodian TD Ameritrade, expect to receive periodic performance reports from WorthyNest®.
comprehensive financial planning concepts common in all service tiers
Cash Flow Management - Do you have a budget and are you following it? Have extra money reserved for savings but unsure which specific savings goal to tackle first? We will help set-up a new budget or tweak your existing budget and give your family the confidence it needs to have a foundational plan.
Education Planning - We go beyond college funding and look at other education needs, too. Want to send your kids to private grade school or high school? Which education funding vehicles are optimal?
Employee Benefit Review - Health, disability, and life insurance benefits through your employer can be confusing. Acronyms like HSA, FSA, and HDHP will be explained. Retirement plans can be equally confusing. We educate and empower you to make informed decisions about the percentage to defer and underlying investment elections.
Estate Planning - What happens if you are disabled or no longer living? Wouldn't it be nice to have a say in how things are handled if you can no longer make key decisions? You want to live intentionally, and legacy is an important part of that intention. We will work with your existing estate attorney or recommend a new one to ensure you have estate documents that properly reflect intentions and goals.
Insurance Analysis - What amount of insurance do you need? How often should you revisit? Is it better to seek employer-sponsored coverage? We will examine these critical questions annually with you and will ask for the assistance of an insurance agent if a coverage change is merited.
Investments - What is your investment time horizon and risk appetite? What percentage of stocks and bonds should you have in each investment account? These key items will be assessed in your initial financial plan.
Tax Planning - How does asset location impact investment planning? What are the tax implications of a Roth IRA conversion? How can charitable giving strategies lower taxes? WorthyNest® founder Deborah Meyer, CPA/PFS, CFP® has substantial experience advising families and small business owners about taxes. She will work with your family at least once annually to discuss tax planning.