At Harford Financial Group, we are constantly working at improving our ability to communicate with you as our client. One of the big things we are trying to emphasize is that we are comprehensive and holistic financial planners who specialize in retirement income planning.
What does that mean?
We do not just manage our clients’ investments and provide guidance on their portfolios, but we are also addressing a variety of issues in their lives.
Comprehensive and holistic financial planning covers investment management; but it also covers estate planning, taxation, insurance analysis and coverage, cash flow and debt management, pension and Social Security selection strategies, health care coverage particularly in retirement with Medicare and long-term care planning, college planning, business sales, and virtually any challenge our clients have financially.
We are building an ensemble much like the Saturday morning cartoon the Super Friends and Justice League or Marvel's Avengers with various folks having different strengths. I am a Certified Financial Planner where our code of conduct says we will address these areas and currently Melissa and other members of our team are working towards the certification.
One of the areas we are trying to communicate as an area of expertise is estate planning.
We are not attorneys who draw up and execute the legal documents and we highly encourage our clients to seek sound legal advice and build a strong relationship particularly with estate planning and elder law attorney. There are so many things related to estate planning that it is good to have multiple perspectives to include attorney, CPA, and financial planner. We feel that clients can hear various insights to craft the plan that is best for them.
In this article written by Debra Taylor of Horsesmouth — who is a lawyer, CPA, and financial planner — she brings some sound estate planning ideas especially in Coronavirus world.
We do not believe in a one size fits all approach and therefore it is important to look at your unique situation. However, what is universal is getting organized, developing a game plan and getting things up to date.
The biggest challenge is that we as individuals tend to procrastinate and this is one area where it happens a lot. Please enjoy and if you would like to set up a meeting to discuss estate planning with our team, we are available.
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