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Why Holistic Planning?
The benefits of holistic planning are numerous. Some, but not all, are briefly
addressed below:
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Clarifying today’s wealth establishes a benchmark
from where to begin
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Clarifying financial purpose strips away distractions and focuses on aligning
financial responsibilities and goals with personal values
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Developing a deeper, personal relationship with a holistic planner empowers you
to handle all financial matters as they come up, saving you time and
resources
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Designing an insurance portfolio that protects your loved ones, your home and
other assets, possibly your business, and yourself from untimely loss or disability
provides you with the means to survive accident, illness, and tragedy and, with
proper monitoring, to stay on track through challenging times
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Constructing tax-advantaged investment portfolios that focus on reducing income
and capital gains taxes, and realizing required rates of return gives you an edge
in reaching your goals and more confidence to do so
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Optimizing retirement benefits and options to put your retirement dollars to work
while you continue to work is designed to essentially make your money work
overtime
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Preserving your wealth and living your chosen lifestyle can help provide security
and sanctuary over your lifetime
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Realizing your financial goals throughout your life can help deliver a lifetime
of harmony, peace, and joy, and reveals an ethic that loved ones can
emulate
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Determining how you want your estate distributed at the time of your death and
creating an estate plan that shields your estate from untimely disability or
incapacity, and reduces estate, gift, and GST taxes to the largest extent
allowable by law, which can give you confidence in knowing you’re doing
everything you can to take care of those you love
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These are just a few of the positive outcomes of working with a holistic
planner. Sure it takes a combination of time, trust, and results to create
such a deep and enduring relationship between a client and financial planner,
but for those who embark on a holistic journey, the rewards can indeed be
great. However, it’s generally the rewards of the rewards that can be
the most stellar. For example, no one can deny that making a $100,000 donation
to your favorite charity feels incredibly satisfying. But actually seeing the
results of that donation can be much more overwhelming and rewarding than
the initial gift.
Is it For You?
If you are serious about reaching your financial goals and having your wealth
serve you, then holistic planning should work for you. I’ll go a step
further and say that it is, in my own opinion, imperative. Developing a
relationship with a financial planner attuned to your personality, risk
tolerances, and values takes time. However, it is this development of this
relationship that enables a deeper integration of all the aspects of your plan:
cash flow, investments, insurance, retirement, tax, estate, and business. Often,
holistic planners will schedule activities that feel more social than business.
Getting to know you and what makes you tick is all part of the process, so enjoy
it. The relationship should feel easy and relaxed. Your holistic planner is a
valuable resource for day-to-day matters as well as long-term planning, and
should become a trusted confidant over time. You should feel confident that your
planner will always have your best interest in mind while working on your behalf
or coordinating with other professionals to do the same. Working with a holistic
financial planner can be rewarding beyond the riches.
Renée E. Cabourne, CFP®, is a CERTIFIED FINANCIAL PLANNER™
Professional, providing family wealth planning services. Her office is located
in La Verne, CA. She can be reached at 909/542-0550 or at renee@cabourneandassoc.com.
Ms. Cabourne is a Registered Representative of and securities are offered
through QA3 Financial Corp. Member FINRA/SIPC. Corporate Offices: One Valmont
Plaza, 4th Floor, Omaha, NE 68154 (402) 964-3700. She is an Investment Advisor
Representative of and advisory services offered through QA3 Financial, LLC,
an SEC Registered Investment Advisor
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