People meet with a Certified Financial Planner in Minneapolis, MN to receive advice on increasing net worth, achieving financial goals, and preparing for unexpected events. Every person has different financial goals, and these financial professionals have the skills and knowledge to explain your options. They will provide a financial position analysis, net worth statement, cash flow summary, and debt review.
Retirement Planning
A Certified Financial Planner in Minneapolis, MN can assist you with retirement planning. They can help you develop a savings plan and prepare income projections, including tax-efficient withdrawal and optimal IRA distribution plans. They will help you align your finances with your financial objectives. They can also develop an investment plan with a formal investment policy. The financial planner will make asset allocation recommendations and investment selections. They also monitor and rebalance your portfolio. They can help you with asset protection planning, cash flow planning and philanthropic planning.
Estate Planning
Another service offered by a certified financial planner in Minneapolis, MN is help with estate planning. Estate planning can be full of complicated details. Your financial planner can work with your attorney to help ensure that your beneficiary designations align with your wishes. Your beneficiary designations determine who receives your retirement account assets or life insurance proceeds. Your financial planner will also help you with tax planning, such as making use of the annual gift exclusion or lifetime gift and estate tax exemptions. Be sure to review your estate plan every three to five years, as circumstances may change over time.
