Components of Your Plan
While no two plans are alike, the following are illustrations of the general components of the typical financial plans we create. Your specific plan will include the relevant components based on your individual circumstances, and may require additional analysis outside of the plan summary itself (e.g., concentrated stock positions, ISOs/NSOs, sale of family business). Your plan is always accessible through the Beacon Hill portal or through the Beacon Hill app (iOS/Android).
The information provided herein is for informational and illustrative purposes only. It is not intended to be, and should not be construed as, investment or planning advice. Beacon Hill’s financial planning and investment advisory services are provided pursuant to an advisory agreement with our clients.
Benefits of a well-designed plan:
- Focus goals in retirement and how these will be funded.
- Address concerns and expectations for retirement.
- Identify things that could pose a threat to the retirement goal and develop mitigating strategies to minimize and/or manage them.
- Be more educated, confident and in control of your financial future.
Timeline of Financial Goals
Net Worth Summary
Current Portfolio Allocation
Probability of Success (Monte Carlo) Analysis - Current State versus Recommended Scenario
Tax Planning
We are able to demonstrate to you the impact of various tax planning strategies and determine their impact on tax savings, gifting, probability of success, and legacy goals.
- Sunsetting of Current Tax Policy
- Roth Conversions
- Qualified Distributions
- Qualified Charitable Distributions (QCDs),
Cash Flow
Medical Expense Projections
Health care expenses can be projected using published data sources for the assumptions such as Milliman, the Center for Medicare and Medicaid Services, and the Center for Consumer Information and Insurance Oversight.
Incorporating Special Assets Into Your Plan
Risk/Reward Tradeoff
Understanding the set of portfolios that may be appropriate based on the client's initial risk tolerance score plus or minus a pre-defined range.
Social Security Optimization
Considers total lifetime benefit, impact on plan's probability of success, break-even points, and client health.
Long-Term Care Analysis
Is long-term care insurance something that should be considered, or is self-insurance an option?
Life Insurance Analysis
Should something happen to you, what is the impact on your significant other?
Advanced Planning Topics
We explore various estate planning scenarios to better understand the impact of estate and gift tax, as well as DSUEA (deceased spousal unused exclusion amount) and GSTT. Estate planning strategies are considered in cooperation with the client's estate planning attorney.
Concentrated Stock Position
Access To Your Plan
The Beacon Hill Private Wealth mobile app allows you to easily view your portfolio values and allocations, as well as gain access to your financial plan.
Within the plan, you have the opportunity to explore the impacts of a changing retirement date or changes to the goals.
In addition, we can stress test a client's plan with variables that are our of your control. A client is able to see the impact on the recommended scenario in relation to the their non-discretionary and combined discretionary/non-discretionary goals.
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Beacon Hill Private Wealth is an independent, fee-only, fiduciary investment advisor providing evidence-based wealth planning solutions that simplify our clients' financial lives. Founder Tom Geoghegan, CFP®, CIMA®, CPWA®, RMA® is also a member of the National Association of Personal Financial Advisors (NAPFA).
Information provided herein is general and educational in nature. It is not intended to be, and should not be construed as, investment or financial planning advice. Beacon Hill’s financial planning and investment advisory services are provided pursuant to an advisory agreement with the client. Beacon Hill is neither an attorney nor an accountant, and no portion of this content should be interpreted as legal, accounting or tax advice.