1st & Main’s experienced, local financial professionals leverage the two industry leading software providers, MoneyGuide Pro and eMoney in order to implement customized financial plans for each relationship we manage. Both platforms rely on a goal based approach and Monte Carlo based simulations to identify and stress test plan results. Furthermore the firm maintains a Certified Financial Planner on its staff to address any advanced planning needs that arise.
The true power of your retirement plan doesn’t come from doing it once and forgetting it. Planning is an ongoing process. Updating your plan regularly is the best way to put current events in perspective, decide what changes are appropriate, and strengthen your confidence in the future. While you certainly can’t ignore today’s challenges, you also don’t want to overreact to them. Your current well-being and your long-term enjoyment during retirement are dependent on your ability to make well considered financial decisions during good markets and bad. Here’s what our step-by-step process and how we help to bring the plan all together.
Identify all your unique goals and select the importance of each
Identify the resources that will help to fund your goals including: income, investment assets, savings and other assets
Determine the balance of Risk and Return that is right for you and your family
Review and disucss your plan results to see how you are doing and to determine if you are in your confidence zone
Create your personal retirement lifestyle plan
Estabish a proper savings strategy and implement an appropriate model allocation for your investment portfolio